PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652024
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652024
The global pressure sensors market size is expected to reach USD 31.93 billion by 2034, according to a new study by Polaris Market Research. The report "Pressure Sensors Market Size, Share, Trends, Industry Analysis Report: By Connectivity (Wired Sensors and Wireless Sensors), Type, Technology, End-Use Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Pressure sensors are devices or instruments used for measuring the pressure in liquids or gases. These sensors have a sensing element that deforms when pressure is applied. They measure the deformation of the sensing element and convert it into an electrical signal. There are several types of pressure sensors, including capacitive, piezoresistive, and resonant sensors.
The expanding global automotive industry and increasing demand from the healthcare sector are a few primary factors driving the pressure sensors market growth. The increasing use of pressure sensors in consumer electronics such as televisions, washing machines, and refrigerators and the implementation of favorable government regulations further support market development.
The increased emphasis on the development of new materials such as graphene, carbon nanotubes, and metal nanowires, and technologies such as advanced driver assistance systems (ADAS) is anticipated to drive the adoption of pressure sensors in the coming years. The wide-scale adoption of IoT and remote connectivity is projected to provide lucrative pressure sensors market opportunities during the forecast period.
Based on type, the absolute pressure sensors segment dominated the pressure sensors market with over 46.01% revenue share in 2024. The segment's dominance is attributed to the high use of absolute pressure sensors in several applications, including weather forecasting, altimeters, leaking testing, and engine performance testing.
Based on technology, the electromagnetic segment is anticipated to witness the highest growth rate from 2025 to 2034, owing to its benefits such as low cost and high efficiency.
Asia Pacific dominated the pressure sensors market with 41% of the share of global revenue in 2024. The rising need for automation, growing demand from emerging countries, and the implementation of favorable government regulations drive the regional market revenue.
The North America pressure sensors market is projected to register a significant growth rate from 2025 to 2034. The high demand for pressure sensors in tire-pressure monitoring systems and exhaust gas recirculation systems is projected to fuel the market growth in the region.
A few of the key players in the market are General Electric, Infineon Technologies, ABB Ltd., Emerson Electric Company, NXP Semiconductors N.V., Robert Bosch GmbH, Siemens AG, Omron Corporation, Schneider Electric, and Honeywell International.
Polaris Market Research has segmented the pressure sensors market report on the basis of connectivity, type, technology, end-use industry, and region: