Pressure Sensors

Global Pressure Sensors Market to Reach US$29.7 Billion by 2030

The global market for Pressure Sensors estimated at US$21.2 Billion in the year 2024, is expected to reach US$29.7 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2024-2030. Absolute Pressure Sensors, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$13.4 Billion by the end of the analysis period. Growth in the Differential Pressure Sensors segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.5 Billion While China is Forecast to Grow at 8.6% CAGR

The Pressure Sensors market in the U.S. is estimated at US$5.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.6 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Pressure Sensors Market - Key Trends and Drivers Summarized

Pressure sensors are crucial components across various sectors, translating mechanical pressure into readable electronic signals essential for monitoring and controlling systems. These devices are indispensable in ensuring operational safety and efficiency in industries like manufacturing, automotive, consumer products, and medical technology. For example, in healthcare, pressure sensors monitor vital parameters such as blood flow and respiratory conditions, while in the automotive industry, they help maintain safe vehicle pressures to avoid mechanical failures. These sensors utilize advanced technologies such as MEMS (Micro-Electro-Mechanical Systems), capacitive sensors, and piezoelectric sensors to cater to specific application needs, ranging from miniaturized devices to those requiring rapid response to pressure changes.

The growth of the pressure sensor market is propelled by several key drivers. Enhanced safety requirements across industries necessitate the integration of reliable pressure monitoring to prevent accidents and system failures. Technological advancements in MEMS and sensor materials improve the functionality and accuracy of pressure sensors, broadening their application scope. Additionally, the rising demand from the automotive and medical sectors, where these sensors are critical for various diagnostic and monitoring systems, further stimulates market expansion. Industrial automation and process control heavily rely on accurate pressure measurement, boosting the adoption of these sensors in such environments.

Furthermore, pressure sensors contribute to energy efficiency by optimizing process controls and reducing operational costs, aligning with global efforts to conserve energy. Environmental regulations mandate the use of these sensors to monitor emissions and ensure compliance with sustainability standards. The expansion of IoT and smart devices also drives the integration of pressure sensors, enhancing the functionality and connectivity of systems ranging from smart homes to industrial IoT applications. These factors collectively fuel the continuous development and adoption of pressure sensors, underscoring their pivotal role in modern industrial applications and the broader push towards interconnected, smart technology solutions.

SCOPE OF STUDY:

The report analyzes the Pressure Sensors market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Absolute Pressure Sensors, Differential Pressure Sensors, Gauge Pressure Sensors); Technology (Piezoresistive, Electromagnetic, Capacitive, Resonant Solid State, Optical, Other Technologies); Connectivity Type (Wired, Wireless); Application (Automotive, Oil & gas, Consumer Electronics, Medical, Industrial, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 92 Featured) -

• ABB Ltd.
• Acuity Inc.
• Alphasense Ltd.
• Analog Devices, Inc.
• AutomationDirect.com
• City Technology Ltd.
• Continental AG
• Delphi Technologies
• Dynament Limited
• Emerson Electric Company
• Festo AG & Co. KG
• Figaro Engineering, Inc.
• General Electric Company
• GFG-Gesellschaft Fur Geratebau mbH
• Membrapor AG
• Nemoto & Co., Ltd.
• NXP Semiconductors NV
• Omron Corporation
• Robert Bosch GmbH
• Robert Bosch LLC
• Rockwell Automation, Inc.
• Schneider Electric SA
• Siemens AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.