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Pressure Sensors Market

Pressure Sensors Market Size, Share & Trends Analysis Report

Pressure Sensors Market Size, Share & Trends Analysis Report By Function (Pressure Sensing, Altitude Sensing, Flow Sensing, Depth Sensing, Temperature Sensing), By Type (Wired Sensors, Wireless Sensors), By Technology (Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical), By Product (Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors, Sealed Pressure Sensors, Vacuum Pressure Sensors), By Vertical (Automotive Medical Industrial, Utilities, Aviation, Oil & Gas, Marine, Consumer Electronics) Based On Region, And Segment Forecasts, 2022 - 2028

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Published
Report ID : BMRC 1864
Number of pages : 300
Published Date : Nov 2022
Category : Sensors
Delivery Timeline : 48 hrs
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Global Pressure Sensors Market is valued at USD 14.68 Billion in 2021 and expected to reach USD 25.32 Billion by 2028 with a CAGR of 8.1% over the forecast period.

Global Pressure Sensors Market Global Size, Trends, Competitive, Historical Forecast Analysis to 2022-2028, Increase in use of pressure sensors in automotive industry, rising demand for smart wearables health monitoring devices, and growing use of pressure sensors in household appliances such as refrigerator washing machines are anticipated to drive the growth of Global Pressure sensors Market.

Scope of Pressure Sensors Market Report:

The force exerted on a surface per unit area is expressed as pressure. A pressure sensor is a device that detects a force (pressure) exerted on a surface and transforms it to an electrical signal with strength proportional to the force. The force exerted can also be measured using pressure sensors. The piezoelectric effect is utilized in the majority of pressure sensors. In reaction to stress, a material generates an electric charge. Pressure is the most common source of stress, although it can also be caused by twisting, bending, or vibrations. The pressure sensor measures pressure and uses the electric charge to calculate the amount of pressure and also monitors and regulates the pressure of gases and liquids. It detects, measures, and sends data that aids in the analysis of a device's performance. It utilizes silicon wafer-based IC assembling procedures. These sensors can monitor a variety of pressures such as; gauge, absolute, vacuum, and differential pressure and are broadly utilized in a various industries. These are utilized in hundreds of everyday applications for control and monitoring. Other names for pressure sensors are pressure transducers, pressure senders, pressure transmitters, pressure indicators, piezometers, and manometers. The pressure measurement of interest in pressure sensing is pressure, which is represented as a force per unit area. Evangelista Torricelli (1608-1647), an Italian physicist, devised the barometer in 1643 to measure atmospheric pressure, or the force of air over the earth's surface.

The Covid-19 pandemic has also impacted the growth of global pressure sensors market. The Covid-19 pandemic breakout and shown a negative influence on the pressure sensor market, resulting in lower shipments of pressure sensors. However, due to the proliferation and advancement of microelectro mechanical systems (MEMS) technology, there is increased demand from the automotive and medical industries during pandemic. Also, demand for smartphones and other wearables was increased hence demand of pressure sensor has increased. Thus, global pressure sensor market is expected to recover after Covid-19.

Global pressure sensors market report is segmented on the basis of function, type, product, technology, vertical, end-user, and region & country level. Based upon function, global Pressure sensors market is classified into pressure sensing, altitude sensing, flow sensing, depth sensing and temperature sensing. Based upon type, the market is divided into wired sensors and wireless sensors. Based upon technology, global pressure sensors market is divided into piezoresistive, capacitive, resonant solid-state, electromagnetic and optical. Based upon product, the market is divided into absolute pressure sensors, gauge pressure sensors, differential pressure sensors, sealed pressure sensors and vacuum pressure sensors. Based upon verticals, global pressure sensors market is divided into automotive and medicals. Based upon end-user, the market is divided into introduction, automotive on-vehicle, medical devices, HVAC systems, process control solutions and testing measurement equipment.

Key Players of Pressure Sensors Market Report:

  • Honeywell International Inc.
  • ABBv
  • Emerson Electric Co.
  • Amphenol
  • Sensata Technologies, Inc.
  • TE Connectivity Ltd.
  • Micro Sensor Co. Ltd
  • BD SENSORS GmbH
  • Quartzdyne, Inc.
  • TT Electronics
  • others

Pressure Sensors Market Segmentation:

By Function:

  • Pressure Sensing
  • Altitude Sensing
  • Flow Sensing
  • Depth Sensing
  • Temperature Sensing

By Type:

  • Wired Sensors
  • Wireless Sensors

By Technology:

  • Piezoresistive
  • Capacitive
  • Resonant Solid-state
  • Electromagnetic
  • Optical
  • Others

By Product:

  • Absolute Pressure Sensors
  • Gauge Pressure Sensors
  • Differential Pressure Sensors
  • Sealed Pressure Sensors
  • Vacuum Pressure Sensors

By End-Use:

  • Introduction
  • Automotive On-vehicle
  • Medical Devices
  • HVAC Systems
  • Process Control Solutions
  • Testing & Measurement Equipment
  • Others

By Vertical:

  • Automotive
    • Oil Pressure Measurement
    • Intake Manifold Pressure Measurement
    • Fuel Pressure Measurement
    • Nitrous Pressure Measurement
    • Brake Pressure Measurement
    • Differential Measurement
    • Tire Pressure Monitoring
  • Medical
    • Blood Pressure Devices
    • Cardiac Catheters
    • Neonatal Catheters
    • Laparoscopic Devices
    • Endoscopy Devices
    • Respiratory Systems
  • Industrial
  • Utilities
  • Aviation
  • Oil & Gas
  • Marine
  • Consumer Electronics
  • Others

Increasing Use of Pressure Sensors in Automotive Industry, Rising Demand for Smart Wearables & Health Monitoring Devices and Growing Use of Pressure Sensors in Household Appliances are Driving the Market Growth

One of the major factors driving the growth of global pressure sensors market is the growing use of pressure sensors in automotive industry. Pressure sensors are broadly utilized in car applications to quantify and control the pressure of different auto fluids including motor oil, gearbox and transmission oil, and hydraulic oil in braking systems, cooling systems, and fuel systems. There is expanding demand for pressure sensors from the automotive business attributable to different safety mandates by governments. In engine management systems, to upgrade the effectiveness of motors, pressure sensors are needed to precisely monitor motor conditions like air volume and exhaust gas pressure of the EGR system. For instance; in October 2019, Melexis declared a Pressure Sensing IC explicitly for Engine EVAP Systems. The designs of a relative pressure sensor IC to work in and measure shallow pressures across car applications are characteristic of the organization's backing of the rise in hybrid vehicles. The MLX90821 can recognize the littlest vapor leaks, as a central piece of EVAP frameworks.

In addition, rising demand for smart wearableshealth monitoring devices are also supplementing the market growth. Air pressure sensors assume a significant part in wellness trackers, smartphones, smartwatches and different wearables and in the latest IoT world. Their utility isn't restricted to mobile climate applications, as they additionally give exact height estimations to change indoor navigation, calorie counting and numerous different applications. For example; as per the news published on December 8th, 2021; NextNav announced an association with Bosch Sensortec, to empower more exact vertical area in barometric pressure sensors. Through the partnership, Bosch Sensortec will approve the precision of estimations and give strong performance confirmation to Original Equipment Manufacturers (OEMs) using its sensors in mass-market items including smartphones, tablets, and wearables.

Furthermore, rising utilization of pressure sensors in household equipments like refrigerator & washing machines also drives the growth of global pressure sensors market. A pressure sensor assumes a very important part in refrigeration as it gives feedbacks required by the pump used to decrease the pressure in the compartment. All the while, pressure sensors are utilized in washing machines to manage how much water needed for washing garments, which fundamentally lessens water wastage. However, major pricing pressure may hamper the global pressure sensors market growth. In spite of that, increasing adoption IoT by end-use industry can provide various opportunities for the further growth of the global pressure sensors market.

Pressure SensorsMarketRegional Analysis

North America is Anticipated to Dominate the Global Pressure Sensors Market

North America is expected to dominate the global pressure sensors market within the forecast period due to the growing automotive industry, advancement in technology and presence of key players in this region. Increasing use of pressure sensors in industrial applications drives the market in this region. For example; in September 2020; Sensata Technologies, Inc. launched airtight pressure sensors for industrial applications with mid and high-pressure ranges. The sensor is fabricated utilizing automotive driving miniature silicon strain gauge technology. The sensor has a few remarkable features, including high precision, burst strength, and shock and vibration execution, making it a dependable and robust solution for clients with testing estimation necessities. In addition, presence of key players is one of the major factors driving the market in this region. For instance; in 2020, Honeywell International Inc. announced the send off of a novel, superior presentation; esteem evaluated line of Media Isolated tempered steel pressure sensors (MIP) for the advanced and HVAC market. The sensors were intended to endure extreme temperatures and oppose erosion; the sensors are utilized by engineers to make superior execution HVAC systems, clinical and biomedical processes, airplane systems, marine systems, ecological designing, research center, and wastewater and other industrial applications.

Asia Pacific is expected to witness a significant growth in the global pressure sensors market due to the rising demand for consumer electronics like tablets, wearable device & smartphones and growing automotive industry in this region. As pressure sensors give accurate height estimations to change indoor route, calorie counting and various applications. Hence, growing use of smartphones drives the pressure sensor market in this region. For example; according to the India Brand Equity Foundation (IBEF), cell phone shipments in India expanded 8% year-to year to arrive at 152.5 million units in 2019, consequently making it the quickest developing among the best 20 cell phone markets worldwide.

Recent Developments:

Resonetics Announced Acquisition of FISO Technologies

On November 9th, 2021; FISO Technologies Inc. (FISO), a prominent creator and producer of fiber optic sensors and signal conditioners, purchased by Resonetics from Nova Metrix LLC. FISO, situated in Quebec City, offers cutting-edge fiber optic development and sophisticated manufacturing expertise to assist high-volume manufacture of complicated fiber optic products for the medical device and energy sectors. Pressure, temperature, force, displacement, and location are just a few of the factors that FISO sensors can measure.

ROHM’s New IPX8 Rated Barometric Pressure Sensor IC: Compact and High Accuracy

On October 27th, 2021; ROHM Semiconductor announced the new BM1390GLV (- Z) minimal, high accuracy barometric pressure sensor IC. The new gadget incorporates a waterproof rating of IPX8 and is great for home appliances, industrial equipment, and conservative IoT gadgets. Barometric pressure sensors have become well known in wearables and cell phones for indoor navigation, and for securing altitude information in action meters. As of late, as applications have extended, there has been an expanded demand for waterproof and more modest barometric pressure sensors that are powerful and impervious to external aggravations.

On Special Requirement Pressure Sensors Market Report is also available for below Regions and Country:

North America

  • S.
  • Canada

Europe

  • Germany
  • France
  • K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC
  • Latin America
  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

Report Analysis

Details

Historical data

2018 - 2022

Forecast Period

2022 - 2028

Market Size in 2021:

USD 14.68 Billion 

Base year considered

2021

Forecast Period CAGR %:

8.1% 

Market Size Expected in 2028:

USD 23.52 Billion 

Tables, Charts & Figures:

175

Pages

200

Pressure Sensors Companies

Honeywell International Inc., ABBv, Emerson Electric Co., Amphenol, Sensata Technologies, Inc., TE Connectivity Ltd., Micro Sensor Co. Ltd, BD SENSORS GmbH, Quartzdyne, Inc., TT Electronics, others

Segments Covered

By Function, By Type, By Technology, By Product, By End-Use, By Vertical

Regional Analysis

North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Pressure Sensors Market Report:

  • Global Pressure Sensors Market report covers in-depth historical and forecast analysis.
  • Global Pressure Sensors Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global Pressure Sensors Market report helps to identify opportunities in marketplace.
  • Global Pressure Sensors Market report covers extensive analysis of emerging trends and competitive landscape.
SUMMARY
VishalSawant
Vishal Sawant
Busines Development
vishal@brandessenceresearch.com
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