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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Pressure Sensor Market
The report gives a detailed analysis of the following key players in the global pressure sensor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Honeywell International Inc.
- Emerson Electric Co.
- Sensata Technology Inc.
- BD|SENSORS GmbH
- ChampionX Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
Pressure Sensor Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global pressure sensor market attained a value of nearly USD 16.84 billion.
The market is projected to grow at a CAGR of 10.3% between 2024 and 2032.
The major drivers of the market include increased demand in the automotive industry, growing adoption of pressure sensors in the medical and aviation sector, rapid industrialisation, and increasing investments by leading manufacturers to develop and expand the use of pressure sensors.
The key trends guiding the market growth include rapid technological advancements, increased usage of pressure sensors in smartphones and biosensors to track health status, rising implementation of IoT (Internet of things) solutions, and growing usage in gaming experiences such as VR headsets.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of pressure sensors include absolute pressure sensor, gauge pressure sensor, and differential pressure sensor.
The important technologies include piezoresistive, electromagnetic, capacitive, resonant solid state, and optical, among others.
The applications of pressure sensor include automotive, oil and gas, consumer electronics, medical, and industrial.
The key players in the global pressure sensor market are Honeywell International Inc., Emerson Electric Co., Sensata Technologies, Inc., BD|SENSORS GmbH, and ChampionX Corporation, among others.
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