According to a new report by Expert Market Research titled, “Global Pressure Sensor Market Share, Size, Report and Forecast 2024-2032″, the global pressure sensor market size is projected to grow at a CAGR of 10.3% between 2024 and 2032. Aided by the increasing demand from the aerospace and defence sector, the market is expected to grow significantly by 2032.
Pressure sensors, critical components in a vast array of industrial and consumer applications, are devices that sense pressure and convert it into an electric signal where the amount depends upon the pressure applied. These sensors are indispensable in various sectors, including automotive, healthcare, aviation, manufacturing, and consumer electronics, due to their accuracy, reliability, and sensitivity.
The robust pressure sensor market growth is attributed to the burgeoning demand from the automotive industry. With the increasing implementation of safety and emission control standards, the application of pressure sensors in vehicles for monitoring oil and gas pressure, tire pressure, and manifold pressure has become more prevalent. This trend is particularly noticeable with the rising popularity of electric and hybrid vehicles, where pressure sensors play a vital role in battery management and cooling systems.
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Furthermore, the healthcare industry’s rapid advancement has catalysed the demand for pressure sensors. These sensors are extensively used in medical devices for monitoring blood pressure, respiratory conditions, and intravenous fluid control, enhancing patient care and diagnostics. The growing adoption of telemedicine and home healthcare services, especially accelerated by the COVID-19 pandemic, has further amplified this demand.
Technological advancements in sensor technology have also significantly contributed to the pressure sensor market demand. Innovations in MEMS (Micro-Electro-Mechanical Systems) technology and the development of miniature pressure sensors have enabled more precise, energy-efficient, and cost-effective solutions. These advancements have expanded the application range of pressure sensors, including their integration into smartphones and wearable devices for health monitoring and environmental sensing.
The aerospace and defense sector also presents a substantial market for pressure sensors. Used in aircraft, spacecraft, and military equipment, these sensors ensure the safe operation of systems by monitoring cabin pressure, fuel systems, and hydraulic systems. The increasing investments in aerospace and defense sectors by governments worldwide have consequently driven the demand for advanced pressure sensors.
Geographically, the Asia Pacific region accounts for a significant portion of the pressure sensor market share, attributed to the rapid industrialisation, growing automotive sector, and technological advancements in countries like China, Japan, and India. The region’s dominance is further bolstered by the presence of key industry players and the increasing adoption of smart technologies in various sectors.
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Market Segmentation
The market can be divided based on type, technology, application, and region.
Market Breakup by Type
• Absolute Pressure Sensor
• Gauge Pressure Sensor
• Differential Pressure Sensor
Market Breakup by Technology
• Piezoresistive
• Electromagnetic
• Capacitive
• Resonant Solid State
• Optical
• Others
Market Breakup by Application
• Automotive
• Oil and Gas
• Consumer Electronics
• Medical
• Industrial
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pressure sensor market. Some of the major players explored in the report by Expert Market Research are as follows:
• Honeywell International Inc.
• Emerson Electric Co.
• Sensata Technologies, Inc.
• BD|SENSORS GmbH
• ChampionX Corporation
• Others
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