Europe Pressure Sensors - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Europe Pressure Sensors Market is expected to register a CAGR of 9.1% during the forecast period.

Key Highlights

• The major factors supporting the growth are increasing investments in research and innovation centers and growing government programs and policies favoring the automotive, and IT healthcare equipment and devices markets.
• The high rate of development of new treatment methods, medical equipment, and protocols in the region is boosting the European healthcare equipment and devices industry to grow significantly. The increasing government expenditure on healthcare is further estimated to develop a market for pressure sensors in the region.
• The automotive industry is also growing at a healthy rate in the region; Germany is leading the race. With increasing electric vehicle production and increasing connected vehicles concept in Europe, the market for pressure sensors in the region is expected to witness significant growth.
• The covid-19 pandemic had an adverse effect on the industry. Most of the leading industries were shut down during the early months of the pandemic, and several expansion projects were postponed due to a lack of capital and re-evaluation of industry performance.

Europe Pressure Sensors Market Trends

Automotive Industry to Show Significant Growth

• The automotive sector accounted for the largest market share by application type, owing to several applications of pressure sensors in automobiles and the automotive industry. The appropriate automotive pressure sensor can deliver cost-effective reliability and long operational life, whether the application is in the engine, tire, or passenger compartment.
• Many European countries such as Germany, Sweden are increasing their automotive safety standards. As a result, Europe is estimated to be the fastest-growing market for pressure sensors for automotive breaking applications over the forecast period.
• In recent times, exclusive off-road and cross-country cars are installing innovative tire pressure control systems. For example, the Mercedes G63 AMG 6X6 enables the driver to vary the tire pressure of both the front and rear axles separately.
• Over the forecast period, increasing predictive maintenance capabilities provided in high-end cars are expected to create considerable demand for pressure sensors in HVAC applications.

Germany to Hold the Highest Market Share

• Growing government programs promoting research and innovation is also helping advancement in the pressure sensor market to develop in the region. For instance, the German government increased the number of research companies to 20,000 and innovative companies to 140,000 by the year 2020.
• Germany is the world's largest producer of lignite. The power generation industry is also evolving rapidly in Europe. As the pressure sensor implies substantial benefits in power plants, hence the demand for a pressure sensor in Europe's power generation industry is expected to be boosted significantly.
• Owing to the prominence of manufacturing in the country, the scope of automation is significant, and with it, enterprises are increasingly adopting robotic solutions to automate processes. According to IFR, in 2020, Germany was the fifth-largest robot market in the world and number one in Europe. Compared to the previous year, the country's robot shipment increased by 8.78% in 2020 and stood at 22300 units, mainly driven by the demand from the automotive industry. Such developments in the country are expected to drive further the demand for pressure sensors to operate both indoor and outdoor robotics installations.

Europe Pressure Sensors Industry Overview

The European Pressure Sensor market is moderately fragmented and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many Nicolacompanies are increasing their market presence by securing new contracts and tapping new markets.

• September 2021 - Arduino Pro and Bosch Sensortec partnered to develop a small sensor board. The Nicla Sense ME is Arduino's smallest board to date and uses the latest generation Bosch sensors technology on the smallest form factor yet for sensing and intelligence at the edge.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support