Pressure Sensor Market Trends, Size, Statistics, Analysis, Application, Region and Forecast, 2022–2030
The global pressure sensor market size was USD 14.56 Billion in 2021 and is expected to register a revenue CAGR of 7.9% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of pressure sensors in portable healthcare wearables is the key factor driving market revenue growth. Flexible sensing technologies and wearable pressure sensors are utilized for long-term and real-time cardiovascular monitoring. Physiological pulse waveforms can be precisely and constantly tracked by flexible pressure sensors for wearable health monitoring due to attractive qualities such as wearing comfort, lightweight, and high sensitivity, to pulse pressures.
The Pressure Sensor Market Report study covers global and regional markets with an in-depth analysis of the overall growth prospects of the market. It likewise enlightens the complete serious climate of the worldwide market with an estimated time of 2022-2030. The Pressure Sensor Market report provides an additional dashboard overview of key companies covering successful marketing strategies, market contributions, and recent developments in both historical and current situations.
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Major Players/Manufacturers profiled in the report are:
Emerson Electric Co., Honeywell International Inc., Sensata Technologies, Inc., Micro Sensor Co., Ltd., BD SENSORS GmbH, City Technology Limited, ABB Ltd., Siemens AG., Membrapor AG., Quartzdyne, Inc., Renesas Electronics Corporation, and Texas Instruments Incorporated
Some Key Highlights from the Report
- The electromagnetic segment revenue is expected to increase at a significantly fast rate over the forecast period. This is due to growing use of electromagnetic pressure sensor in electrical applications owing to its low cost, suitability, and high efficiency, which is also used in harsh environments. In June 2022, Baumer hhs GmbH, a Germany-based engineering company announced to launch a modular glueing system for corrugated converters with an adhesive detection sensor. It also has an electromagnetic drive with a 42% high closing force.
- The industrial segment is expected to register a steady revenue growth rate over the forecast period due to growing adoption of pressure sensors in various industrial applications. Oil-free designs, high-proof pressure ratings, better accuracy, and higher resolution are all advantages of a pressure sensor utilized in industrial applications.
- The Asia Pacific market accounted for largest revenue share in the global pressure sensor market in 2021. This is due to growing adoption of pressure sensors in consumer electronics and automotive in countries across the region, especially in China, Japan, and India. China is one of the largest automotive manufacturing countries in the world. According to China Association of Automobile Manufacturers (CAAM), total automotive sales in China is expected to reach 27.5 million units for 2022.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Emergen Research has segmented the global pressure sensor market based on sensor type, technology, product, application, and region:
- Sensor type (Revenue, USD Billion; 2019-2030)
- Wireless Sensors
- Wired Sensors
- Technology Outlook (Revenue, USD Billion; 2019-2030)
- Capacitive
- Electromagnetic
- Piezoresistive
- Resonant Solid-State
- Optical
- Others
- Product Outlook (Revenue, USD Billion; 2019-2030)
- Absolute Pressure Sensors
- Differential Pressure Sensors
- Vacuum Pressure Sensors
- Sealed Pressure Sensors
- Gauge Pressure Sensors
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Consumer Electronics
- Automotive
- Medical
- Oil & Gas
- Industrial
- Utilities
- Aviation
- Others
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Regional Segmentation Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report studies the types and applications of the global Pressure Sensor market. The report categorizes the Pressure Sensor industry into different types covering different products supplied in the Pressure Sensor market. Each type is briefly described in the report such that why it is used, the main sources, the production costs, and the processing involved in it. Depending on various applications of the products and services in the market, the Pressure Sensor market is categorized in the following non-exhaustive list of products. The application segment is anticipated to grow rapidly shortly due to its unique features and solutions, other crucial information about the types and applications is given in the report.
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1. To gain an in-depth market analysis and a full understanding of the world market and its commercial environment.
2. Reduce the risk of development, production process, key issues, and corrective actions.
3. To understand the most influential driving and controlling forces in the Pressure Sensor market and their global implications.
4. Learn about the marketing strategies used by the most successful companies in their field.
5. To better understand market prospects and opportunities.
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