According to a new report published by Introspective Market Research, Pressure Sensor Market by Type, Technology, Application, and End-User Industry, The Global Pressure Sensor Market Size Was Valued at USD 18.59 Billion in 2023 and is Projected to Reach USD 27.39 Billion by 2032, Growing at a CAGR of 4.40%.

Market Overview

The global pressure sensor market is a foundational component of the modern industrial and technological landscape, enabling critical measurement and control across countless applications. Pressure sensors are devices that detect and measure the pressure of gases or liquids, converting the physical force into an electrical signal. Their key advantage lies in providing precise, real-time data that is essential for automation, safety, efficiency, and performance optimization. They offer superior reliability and digital integration capabilities compared to traditional mechanical gauges, enabling predictive maintenance and smart system control.

Growth Driver

The paramount growth driver for the pressure sensor market is the rapid expansion of industrial automation and the Industrial Internet of Things (IIoT). As industries worldwide strive for greater efficiency, predictive maintenance, and reduced downtime, the deployment of smart sensors has become critical. Pressure sensors are integral to monitoring machine health, fluid levels, and process parameters in real-time. Their integration into IIoT platforms allows for the collection of vast amounts of operational data, which is then analyzed to optimize performance, prevent failures, and enable remote monitoring. This digital transformation across manufacturing, energy, and utilities is creating sustained, high-volume demand for robust, accurate, and network-ready pressure sensing solutions.

Market Opportunity

A significant and high-growth market opportunity lies in the burgeoning demand for sensors in electric vehicles (EVs) and advanced automotive applications. EVs require sophisticated pressure monitoring in battery thermal management systems, hydrogen fuel cells (for FCEVs), and HVAC systems to ensure safety, range, and passenger comfort. Beyond EVs, the advancement of Advanced Driver-Assistance Systems (ADAS) and autonomous driving creates new needs for sensors in brake fluid pressure monitoring, suspension systems, and cabin pressure sensing. Suppliers that develop specialized, automotive-grade pressure sensors with high reliability, miniaturization, and cost-effectiveness for these next-generation vehicle architectures are positioned to capture a substantial share of this rapidly evolving and high-value market segment.

The Pressure Sensor Market is segmented on the basis of Type, Technology, and End-User Industry.

Technology
The Technology segment is further classified into Piezoresistive, Capacitive, Electromagnetic, Optical, and Others. Among these, the Piezoresistive technology sub-segment accounted for the highest market share. Piezoresistive sensors are favored for their excellent sensitivity, good linearity, and ability to measure a wide range of pressures from low to very high. Their relatively simple design, robustness, and cost-effectiveness make them the preferred choice for high-volume applications such as automotive systems (MAP sensors, TPMS), consumer electronics, and many industrial process controls, solidifying their dominant position in the market.

End-User Industry
The End-User Industry segment is further classified into Automotive, Healthcare, Industrial, Consumer Electronics, Oil & Gas, and Others. Among these, the Automotive industry is a dominant end-user segment. The sheer volume of vehicles produced annually, coupled with the increasing number of sensors per vehicle, drives massive demand. Applications span from essential engine and safety systems (like TPMS, mandated by law in many regions) to emerging applications in electric and autonomous vehicles. This sector's continuous innovation and regulatory requirements ensure it remains a primary revenue driver for pressure sensor manufacturers.

Some of The Leading/Active Market Players Are-

·         TE Connectivity Ltd. (Switzerland)

·         Honeywell International Inc. (USA)

·         Robert Bosch GmbH (Germany)

·         Sensata Technologies, Inc. (USA)

·         ABB Ltd. (Switzerland)

·         Emerson Electric Co. (USA)

·         Infineon Technologies AG (Germany)

·         NXP Semiconductors N.V. (Netherlands)

·         STMicroelectronics N.V. (Switzerland)

·         Amphenol Corporation (USA)

·         Omron Corporation (Japan)

·         First Sensor AG (Germany)

·         Keyence Corporation (Japan)

·         “and other active players.”

Key Industry Developments

News 1:
In March 2024, Infineon Technologies introduced a new XENSIV™ pressure sensor series specifically designed for battery-powered IoT devices, offering ultra-low power consumption for longer battery life.
This launch targets the fast-growing market for wireless environmental monitoring and smart building applications, where sensor power efficiency is a critical design constraint.

News 2:
In February 2024, Sensata Technologies announced the launch of a new high-accuracy pressure sensor for hydrogen fuel cell electric vehicles (FCEVs), designed to withstand the unique challenges of hydrogen environments.
This product addresses a key technological need in the emerging clean transportation sector, positioning Sensata at the forefront of fuel cell vehicle component supply.

Key Findings of the Study

·         Piezoresistive technology and the Automotive industry are the dominant segments in their respective categories.

·         The Asia-Pacific region holds the largest market share, driven by strong manufacturing and automotive production, with North America being a key innovation hub.

·         Growth is fueled by the rise of Industrial IoT and automation and increasing automotive sensorization.

·         Key trends include the miniaturization and integration of sensors and growing demand for wireless and battery-less sensor solutions.