Pressure Sensor Market by Connectivity (Wired, Wireless), Sensing Method (Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical), Sensor Type (Absolute, Gauge, Differential, Sealed, Vacuum), Pressure Range - Global Forecast to 2029
[272 Pages Report] The global pressure sensor market is expected to be valued at USD 12.4 billion in 2024 and is projected to reach USD 17.0 billion by 2029; it is expected to grow at a CAGR of 6.5% from 2024 to 2029. In the global pressure sensor market, key drivers include increasing industrial automation, growing demand for IoT-enabled devices, and stringent regulatory requirements for safety and efficiency across industries. Opportunities stem from advancements in sensor technology, expansion of smart city initiatives, and rising demand from emerging economies. However, challenges such as pricing pressure, shrinking profit margins, and the need for adherence to evolving regulatory standards pose constraints for pressure sensor manufacturers. Despite challenges, the market presents significant growth prospects driven by technological innovations and expanding application areas across various sectors.
Pressure Sensor Market Forecast to 2029
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Pressure Sensor Market Dynamics
Driver: Booming automotive sector to fuel market growth
The booming automotive sector serves as a significant driver for various industries and economic growth globally. Several factors contribute to the development of the automotive sector, including increasing consumer demand for vehicles, technological advancements, and regulatory requirements for safety and emissions standards. As the industry continues to innovate, there is a rising focus on electric and autonomous vehicles, leading to investments in research and development. This growth fuels demand for automotive components, including pressure sensors used in critical systems like engine management, tire pressure monitoring, and advanced driver assistance systems (ADAS). The automotive industry expansion drives opportunities for suppliers, manufacturers, and technology providers, fostering innovation and economic development in related sectors. Additionally, the shift towards sustainability and green technologies further influences the automotive industry, driving the adoption of new materials and technologies to reduce environmental impact.
Restraint: Need for adherence to regulatory standards
The need for adherence to regulatory standards poses a significant restraint for pressure sensor manufacturers. Regulatory standards, set by government agencies and industry organizations, impose strict requirements on the performance, reliability, and safety of pressure sensors used in various applications. Meeting these standards often requires extensive testing, certification, and documentation, which can be time-consuming and costly for manufacturers. Additionally, evolving regulations and standards across different regions and industries add complexity and uncertainty to the compliance process. Failure to comply with regulatory requirements can lead to legal repercussions, product recalls, and damage to brand reputation. Therefore, pressure sensor manufacturers must invest resources in ensuring their products meet or exceed regulatory standards, which can impact product development timelines and overall business operations. This restraint underscores the importance of proactive compliance and ongoing regulatory monitoring in the pressure sensor industry.
Opportunity: Increasing demand for pressure sensors from the consumer electronics industry
The increasing demand for pressure sensors from the consumer electronics industry presents a significant opportunity for sensor manufacturers and technology providers. Consumer electronics, such as smartphones, wearables, and smart home devices, are incorporating pressure sensors to enable innovative features like touch sensitivity, altitude tracking, and air pressure monitoring. This trend is driven by consumer preferences for more interactive and functional devices. As the market for consumer electronics continues to grow, especially with the proliferation of IoT devices, there is a rising need for compact, efficient, and cost-effective pressure sensors that can be integrated seamlessly into these products. This opportunity allows pressure sensor manufacturers to expand their product offerings and collaborate with consumer electronics companies to develop cutting-edge devices that enhance user experiences and differentiate products in a competitive market.
Challenge: Continuous reduction in pricing and shrinking of profit margins
One of the significant challenges in the pressure sensor industry is the continuous reduction in pricing and shrinking of profit margins. As pressure sensor technology advances and market competition intensifies, there is growing pressure to offer more cost-effective solutions while maintaining high quality and performance standards. This trend is driven by factors such as increasing demand for affordable sensors in mass-market applications like consumer electronics and automotive, as well as the commoditization of certain sensor types. Additionally, the emergence of low-cost manufacturing centers and global supply chains further contributes to pricing pressures. Manufacturers must innovate to reduce production costs, optimize supply chain efficiency, and differentiate their products to maintain profitability in a competitive market characterized by price erosion.
Pressure Sensor Market Ecosystem
The pressure sensor market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Honeywell International Inc. (US), ABB (Switzerland), Emerson Electric Co. (US), Amphenol Corporation (US) and TE Connectivity (Switzerland), among others.
The Piezoresistive pressure sensors segment by sensing method to account for the largest share in pressure sensor market
Piezoresistive pressure sensors are expected to hold the highest share in the market due to their established performance, reliability, and versatility across a wide range of applications. The piezoresistive sensing method, which involves measuring changes in resistance due to applied pressure, offers excellent sensitivity and accuracy. These sensors are suitable for various pressure ranges and can withstand harsh environmental conditions, making them ideal for industrial, automotive, and consumer electronics applications. Additionally, piezoresistive sensors are cost-effective to manufacture at scale, contributing to their widespread adoption. The proven track record of piezoresistive technology and ongoing advancements in sensor design continue to reinforce its dominant position in the pressure sensor market.
The absolute pressure sensors in the pressure sensor market to grow with the highest CAGR over the forecast period
The segment of absolute pressure sensors is expected to hold the highest share in the market due to its broad applicability across diverse industries. Absolute pressure sensors measure pressure relative to a perfect vacuum, making them essential for applications requiring accurate pressure referencing. Industries such as aerospace, automotive, and manufacturing rely heavily on absolute pressure sensors for tasks like altitude measurement, vacuum system monitoring, and environmental pressure control. The critical role of absolute pressure sensors in ensuring safety, efficiency, and precision in industrial processes drives their widespread adoption. Moreover, advancements in sensor technology have improved the accuracy, reliability, and cost-effectiveness of absolute pressure sensors, further solidifying their dominant position in the pressure sensor market.
The market for wireless pressure sensors are expected to grow with a high CAGR over the forecast period
Wireless sensors are expected to grow with the highest compound annual growth rate (CAGR) due to increasing demand for IoT-enabled solutions and the benefits they offer in terms of flexibility and scalability. Wireless sensors eliminate the need for physical cables, allowing for easier installation, mobility, and adaptability in various applications. They enable remote monitoring and real-time data transmission, which is essential for industries adopting smart technologies and automation. As the IoT ecosystem expands, the demand for wireless sensors to support interconnected devices and systems continues to rise, driving their rapid growth and adoption in the market. Additionally, advancements in wireless communication protocols and battery efficiency further contribute to the increasing popularity of wireless sensors.
The automotive end-use segment holds the largest share in the pressure sensors market
The automotive segment is poised to hold the highest share in the pressure sensor market due to several key factors driving demand. Modern vehicles increasingly rely on pressure sensors for critical applications such as engine management, tire pressure monitoring, brake systems, and emissions control. With the growing emphasis on vehicle efficiency, safety, and emissions reduction, the integration of pressure sensors has become essential. Additionally, advancements in automotive technologies, including electric vehicles and advanced driver assistance systems (ADAS), further fuel the demand for pressure sensors to support these innovations. The automotive industry's focus on performance optimization and regulatory compliance solidifies its position as the largest end-use segment for pressure sensors.
Asia Pacific region in pressure sensor market to dominate the market growth
Asia Pacific is poised to experience the highest compound annual growth rate (CAGR) in the pressure sensor market due to rapid industrialization, urbanization, and government initiatives promoting infrastructure development and innovation. Major electronics manufacturing hubs in countries like China and South Korea enhance supply chain efficiency and support market expansion. The region's increasing adoption of IoT technologies and automation across industries such as automotive, manufacturing, and consumer electronics drives the demand for pressure sensors in diverse applications. These factors collectively position Asia Pacific as a primary growth driver in the global pressure sensor market, offering significant opportunities for sensor manufacturers and technology providers.
Pressure Sensor Market by Region
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Key Market Players
The pressure sensor companies is dominated by players such as Honeywell International Inc. (US), ABB (Switzerland), Emerson Electric Co. (US), Amphenol Corporation (US) and TE Connectivity (Switzerland) and others.
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Report Metric |
Details |
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Market size available for years |
2020-2029 |
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Base year considered |
2023 |
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Forecast period |
2024-2029 |
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Forecast units |
Value (USD Million/Billion) |
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Segments Covered |
By Connectivity, By Sensing Method, By Sensor Type, By Pressure Range, By End Use |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of the world (RoW) |
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Companies covered |
The major market players include Honeywell International Inc. (US), ABB (Switzerland), Emerson Electric Co. (US), Amphenol Corporation (US), TE Connectivity (Switzerland) (Total of 25 players are profiled) |
Pressure Sensor Market Highlights
The study categorizes the pressure sensor market based on the following segments:
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Segment |
Subsegment |
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By Connectivity |
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By Sensing Method |
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By Sensor Type |
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By Pressure Range |
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By End Use |
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By Region |
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Recent Developments
- In March 2024, Amphenol’s All Sensors subsidiary unveiled the AABP Series, a leadless miniature package pressure sensor catering to diverse design needs focusing on product support and supply chain stability. This new sensor line serves as a drop-in replacement for existing designs or transitions from competitors, ensuring compatibility and exceptional performance. The AABP Series emphasizes quality and reliability for various pressure-sensing applications.
- In January 2024, ABB acquired Real Tech, known for optical sensor technologies, which bolsters ABB's water sector presence and extends potential benefits to the broader sensor market, including pressure sensors. Real Tech's advanced optical technologies can enhance pressure sensor applications by offering precision measurement and data analysis, ultimately driving technological synergies and expanding sensor solutions for industrial and environmental monitoring.
- In January 2024, Sensata Technologies has unveiled the 129CP Series Digital Water Pressure Sensor, catering to water utilities for smart pressure monitoring and water conservation. This sensor integrates into water meter PCBs, offering reliable pressure monitoring from 0-232 psi in high-moisture environments. With digital I2C output and low power consumption, utilities can detect leaks swiftly and optimize water distribution efficiency.
- In October 2023, Emerson Electric Co. completed the acquisition of NATIONAL INSTRUMENTS CORP. in October 2023. This acquisition strengthens Emerson's automation leadership and expands its potential in digital transformation, sustainability, and decarbonization. This move enhances Emerson's pressure sensor offerings, leveraging NI's software and control expertise to innovate and meet evolving market demands more effectively.
- In January 2023, TE Connectivity's acquisition of Kries-Energietechnik, a leader in smart grid systems, strengthens TE's energy business unit in power grid monitoring and automation. Kries enhances TE's portfolio for grid reliability solutions, which are crucial for renewable energy transitions, and benefits from TE's global sales network for smart grid innovation. This collaboration could lead to advancements in pressure sensor offerings by integrating grid monitoring capabilities into TE's sensor solutions, supporting efficient and reliable renewable energy networks.
Frequently Asked Questions:
What are the pressure sensor market's major driving factors and opportunities?
The major driving factors for pressure sensors include increasing industrial automation, growing demand for IoT-enabled devices, and stringent regulations for safety and efficiency in various industries. Opportunities in the pressure sensor market include advancements in miniaturization, integration of sensors in portable devices, and expansion of smart city initiatives driving demand for pressure sensors in infrastructure development.
Which region is expected to hold the highest market share?
Asia Pacific is expected to hold the highest share in the pressure sensor market due to rapid industrialization, technological advancements, and government initiatives promoting infrastructure development and smart city projects across the region.
Who are the leading players in the global pressure sensor market?
Companies such as Honeywell International Inc. (US), ABB (Switzerland), Emerson Electric Co. (US), Amphenol Corporation (US), and TE Connectivity (Switzerland) are the leading players in the market. Moreover, these companies rely on several strategies, including new product launches and developments, collaborations, partnerships, and acquisitions. Such methods give these companies an edge over other players in the market.
What are some of the technological advancements in the market?
Recent technological advancements in pressure sensor technology include miniaturization for integration into wearables and IoT devices, the development of wireless sensors enabling remote monitoring, and utilization of MEMS technology for improved performance and cost efficiency.
What is the size of the global pressure sensor market?
The global pressure sensor market was valued at USD 12.4 billion in 2024 and is anticipated to reach USD 17.0 billion at a CAGR of 6.5% during the forecast period.
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The study involved four major activities in estimating the current size of the pressure sensor market—exhaustive secondary research collected information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain critical information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
List of major secondary sources
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Source |
Web Link |
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AMA Association for Sensors and Measurement |
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SEMI.org |
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Organisation Internationale des Constructeurs d'Automobiles (OICA) |
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Semiconductor Industry Association |
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MEMS & Sensors Industry Group |
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World Trade Organization (WTO) |
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The International Trade Centre (ITC) |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the pressure sensor market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.
Bottom-Up Approach
The bottom-up approach was used to determine the overall size of the pressure sensor market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
- Identifying entities in the supply chain influencing the entire pressure sensor industry
- Analyzing each entity, along with related major companies
- Identifying technology providers for the deployment of products
- Estimating the market for pressure sensor end users
- Tracking ongoing and upcoming implementation of pressure sensor service developments by various companies and forecasting the market based on these developments and other critical parameters
- Arriving at market size by analyzing pressure sensor companies based on their countries and combining it to obtain market estimates by region
- Verifying estimates and crosschecking them through a discussion with key opinion leaders, including chief experience officers (CXOs), directors, and operation managers
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. A top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.
Each company’s market share has been estimated to verify the revenue shares used earlier in the top-down approach. This study has determined and confirmed the overall parent market and individual market sizes by the data triangulation method and data validation through primaries. The data triangulation method in this study is explained in the next section.
- Focusing initially on topline investments by market players in the pressure sensor ecosystem
- Calculating market size based on revenue generated by market players through sales of pressure sensors
- Mapping use of pressure sensors in different applications
- Building and developing information related to revenue generated by market players through essential products
- Estimating geographic split using secondary sources considering factors such as the number of players in a specific country and region, the role of key players in developing innovative products, and adoption and penetration rates for various sensing methods and end uses in a particular country
Data Triangulation
After arriving at the overall market size from the above estimation process, the market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.
Market Definition
A sensor is a device that measures the changes in physical quantity or environmental characteristics of any material and converts them into signals, which, in turn, serve as inputs for controlling different kinds of systems. A pressure sensor is a transducer or instrument that converts an input mechanical pressure in gases or liquids into an electrical output signal. It consists of a pressure-sensitive element that can measure, detect, or monitor the pressure applied to electronic components and convert the information into electrical output signals. A pressure sensor measures the pressure of a variety of gases and liquids.
Key Stakeholders
- Suppliers of Raw Materials
- Technology Investors
- Designers, Manufacturers, and Suppliers of Pressure Sensors
- Integrators, Suppliers, and Service Providers of Pressure Sensors
- Government Laboratories
- In-house Testing Laboratories
- System Integrators
- Distributors, Resellers, and Traders
- Research Institutions and Organizations
- Providers of Application Software
- Pressure Sensor Forums, Alliances, Consortiums, and Associations
- Market Research and Consulting Firms
- End Users
Report Objectives
- To describe and forecast the size of the pressure sensor market, in terms of value, by connectivity, sensing method, sensor type, pressure range, end use, and region
- To describe and forecast the size of the pressure sensor market, in terms of volume, by end-use
- To forecast the market, in terms of value, for various segments concerning four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW)
- To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the pressure sensor market
- To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete supply chain and allied industry segments and perform a supply chain analysis of the pressure sensor landscape
- To strategically analyze the regulatory landscape, tariff, standards, patents, Porter’s Five Forces, import and export scenarios, trade values, and case studies pertaining to the market under study
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the pressure sensor market
- To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
- To analyze competitive developments, such as product launches, acquisitions strategies, partnerships, and expansions, in the pressure sensor market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the pressure sensor market
Product Analysis
- Product matrix provides a detailed comparison of the product portfolio of each company in the pressure sensor market.
Generating Response ...
Growth opportunities and latent adjacency in Pressure Sensor Market
Global automotive sector have witnessed a steep decline in automotive sales. According to an estimate, global automotive sales is expected to witness a decline of more than 4 million units. For pressure sensor, automotive industry is the biggest end user. At what extent, downfall in automotive sales will affect pressure sensor demand?
Interested to purchase report Pressure Sensors Market - Global Industry Analysis, Size, Shares, Trends, Segment & Forecast to 2020. Pressure Sensor Market by Technology (Piezo resistive, Capacitive, Electromagnetic, Others), Application (Automotive, Medical, Consumer Electronics, Others), & Geography (North America, South America, Europe, APAC, RoW) - Global Forecast to 2020
Other than automotive industry, pressure sensor find its application in several end user industries including oil & gas, medical, and industrial applications. Among all the end user applications, which end user application is expected to witness an increase in demand in the coming years?
Several industries have witnessed an increase in adoption of MEMS sensor due to its reduced size, low cost, and ease of integration. MEMS pressure sensor is also an increasing trend which will affect the market growth. For which end user applications, MEMS pressure sensor is expected to witness an increase in demand?
Price of overall sensors including pressure sensor have came down over the years, supported by increasing penetration of smaller players in the market, miniaturization of technology, and decreasing raw material cost. To what extent, decrease in overall pricing of pressure sensor will affect revenue of companies?
Dear all, Would it be possible to buy single chapter of the report? If yes, could you please let me know the prices per chapter?
APAC is the leader in the pressure sensor market. How do you look towards the market in Middle East, and use of pressure sensor in exploration application in this region? Have you provided the estimates for pressure sensor in Middle East region for various applications?
Interested in market by application and geographic information regarding pressure sensors. I would like to see what kind of information is included in that section of the report.
I am a student from reputed university in Germany. I am working on thesis about pressure sensors and I really need some of the marketing information. Can you please share me the sample of your market research report? It would be very nice of you.
It would be great to have a profile of sensor market based on applications, the amount of pressure and the type of gas involved.
Several research companies release their shipment numbers either at the chip level or at the module level which alters the market size calculated in terms of value. For pressure sensor market, has the market size calculated on chip level or module level?