Pressure Sensors Market Research Report – Forecast to 2027

Pressure Sensors Market Research Report– Product Type (Absolute, Differential, Vacuum), Technology (Piezoresistive, Capacitive, Electromagnetic, Optical Pressure Sensors), Vertical (Aviation, Automotive, Medical, Oil & Gas) - Forecast Till 2027

ID: MRFR/SEM/4638-HCR | February 2021 | Region: Global | 100 pages

Pressure Sensors Market Synopsis


Pressure Sensors Market is estimated to reach USD 12 billion with a CAGR of 6% through the forecast period of 2026. A pressure sensor is used for pressure measurement of gases or liquids. The sensors make use of IC fabrication technology made on silicon wafers, which helps in monitoring and controlling the pressure of gases and liquids. These sensors are capable of measuring different types of pressures such as vacuum, absolute, gauge, and differential pressure. The rising demand for pressure sensors in automotive and medical applications is primarily driving the Pressure Sensors Market. The growing applications of pressure sensors in consumer electronics and advancements in MEMS (Micro-electromechanical systems) are fuelling the Pressure Sensors Market growth. However, the intense pricing structure is hampering the Pressure Sensors Market growth.


In the area of automotive, pressure sensors help in measuring the pressure of various media and thus help in aiding support engine management and safety systems. In diesel engines, pressure sensors help in monitoring air volume and exhaust gas pressure at exhaust gas recirculation (EGR) systems, thereby increasing the efficiency of the engine. High accuracy pressure sensors are used in automobiles for altitude correction when driving at high altitudes. In addition, they are also used in airbag systems, air-conditioning, tire pressure monitoring and many others. Favorable government regulations such as TREAD Act of the U.S. regarding use of pressure sensors in tire monitoring systems are fuelling the Pressure Sensors Market growth. Medical is another major area where the demand for pressure sensors is on the rise. Devices that measure blood pressure monitoring & ventilators, respiration & sleep apnea require pressure sensors which are driving the demand for pressure sensors market.


In May 2019, Silicon Microstructures Inc. launched SM933X Series ultra-low pressure sensors which are cable of measuring sensitive pressure in HVAC, medical, and industrial applications. In medical, these sensors are used for CPAP (Continuous Positive Airway Pressure) flow sensing.


Segmentation


The pressure sensor market is segmented into product type, technology, vertical, and region. On the basis of product type, the Pressure Sensor Market is further classified into absolute pressure sensors, differential pressure sensors, gauge pressure sensors, vacuum pressure sensors, and many others. On the basis of technology, the Pressure Sensor Market is further classified into piezoresistive pressure sensors, capacitive pressure sensors, electromagnetic pressure sensors, optical pressure sensors, and many others. On the basis of vertical, the Pressure Sensor Market is further classified into aviation, automotive, medical, marine, Oil & gas, consumer electronics, medical, and many others.


Regional Analysis


The pressure sensors market is studied for North America, Europe, Asia Pacific and rest of the world. Asia Pacific is expected to hold major market share through the forecast period. The increase in deployment of pressure sensors for automated storage and retrieval systems and raising awareness about the advantages of automated systems are driving the Pressure Sensor Market in this region. However, North America and Europe are anticipated to show significant growth rate during the forecast period. The advancements in MEMS (Microelectromechanical systems) technology and their adoption across connected devices are also driving the Pressure Sensor Market in this region. The demand for high-efficient and cost-effective products are driving demand for global pressure sensor market.


Some of the key players in the global pressure sensors market are Honeywell International Inc. (U.S.), ABB (Switzerland), NXP Semiconductors (the Netherlands), Infineon Technologies (Germany), Emerson Electric (U.S.), General Electric (U.S.), Siemens AG (Germany), STMicroelectronics (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments (U.S.), MRON Corporation (Japan) and many others.


Some of the key innovators in Pressure Sensor Market are Denso Corporation (Japan), TE Connectivity (Switzerland), Continental AG (Germany), Aptiv PLC (U.K), Sensata Technologies Holding PLC (U.K), Pricol Ltd (India), Taiwan Semiconductors (Taiwan), Renesas Corporation (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), Toshiba Corporation (Japan) and many others.


Intended Audience



  • Raw material suppliers

  • Component manufacturers

  • Original equipment manufacturers (OEMs)

  • Integrated device manufacturers (IDMs)

  • Technology, service, and solution providers

  • System integrators

  • Technology investors

  • Market research and consulting firms



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 12 Billion (2026)
  CAGR   6% (2026)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Technology
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Honeywell International Inc. (U.S.), ABB (Switzerland), NXP Semiconductors (the Netherlands), Infineon Technologies (Germany), Emerson Electric (U.S.), General Electric (U.S.), Siemens AG (Germany), STMicroelectronics (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments (U.S.), MRON Corporation (Japan)
  Key Market Opportunities   The growing applications of pressure sensors in consumer electronics and advancements in MEMS (Micro-electromechanical systems) are fuelling the Pressure Sensors Market growth.
  Key Market Drivers   The rising demand for pressure sensors in automotive and medical applications is the major driver for the pressure sensor market.


Frequently Asked Questions (FAQ) :


The global pressure sensor market is expected to be valued at USD 12 billion by 2026.

The global pressure sensor market is expected to exhibit a strong 6% CAGR over the forecast period.

The rising demand for pressure sensors in automotive and medical applications is the major driver for the pressure sensor market.

Asia Pacific holds the major market share in the global pressure sensor market.

Pricol Ltd., TE Connectivity, Denso Corporation, Renesas Corporation, Continental AG, and Aptiv PLC are among the leading players in the global pressure sensor market.

absolute pressure sensors, differential pressure sensors, gauge pressure sensors, vacuum pressure sensors, and many others

A pressure sensor is used for pressure measurement of gases or liquids. The sensors make use of IC fabrication technology made on silicon wafers, which helps in monitoring and controlling the pressure of gases and liquids.