Pressure Sensor Market Global Industry Analysis, size, share and Forecast 2020-2027

The GMI Research expects the pressure sensor market to expand at a significant rate. From a regional perspective, the Asia Pacific is expected to increase at a higher CAGR due to the increasing number of sectors, such as healthcare, automotive, consumer electronics, aviation, and construction.

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Pressure Sensor Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global pressure sensor market is predicted to witness an upsurge in demand during the forecast period due to the growing requirement for automation in industries, rapid industrialization, and rising government regulations mandating the usage of pressure sensors in industries. Moreover, the strong demand for miniaturized consumer devices and the growing use of pressure sensors in consumer electronics, such as portable computers, cellular phones, laptops, and wearable electronic devices, will further surge the growth of the pressure sensor market size. Furthermore, the rising development of smart buildings, smart homes, and smart cities, the high adoption of the Internet of Things (IoT) and connected smart home devices are further stimulating the growth of the market.

According to the pressure sensor market reportthe rising adoption of electric vehicles, followed by the increasing application of pressure sensors in various applications, such as monitoring exhaust recirculation, HVAC system, the high-performance gearbox applications, tire pressure monitoring system (TPMS), cooling & heating of battery management systems, in hybrid electric vehicles and electric cars, is predicted to bring various new growth opportunities to the market. As per the International Energy Agency (IEA), electric cars recorded 2.1 sales worldwide with about a 40% year-on-year boost and registered for 2.6% of the global car sales. This factor will bolster the market growth in the upcoming years. On the other hand, the factors that are hindering the growth of the market include the high installation and replacement cost of pressure sensors in electronic devices. In addition to this, the emergence of the COVID-19 pandemic has negatively influenced the growth of several industries, such as oil & gas, construction, automotive, and others, owing to the disruption in the supply chain and manufacturing process.

Pressure Sensor Market’s leading Manufacturers:

  • Rockwell Automation, Inc.
  • Siemens AG
  • Honeywell International Inc.
  • Robert Bosch GmbH
  • ABB Ltd.
  • Emerson Electric Co.
  • Infineon Technologies AG
  • Schneider Electric SE
  • Johnson Controls International Plc
  • Sensata Technologies, Inc.

Pressure Sensor Market Segmentation:

Segmentation by Application:

  • Automotive
  • Medical
  • Industrial
  • Building and Home Automation
  • Consumer Electronics
  • Others

Segmentation by Pressure Measurement Type:

  • Absolute Pressure Sensor
  • Gauge Pressure Sensor
  • Differential Pressure Sensor

Segmentation by Technology:

  • Resistive
  • Capacitive
  • Piezoelectric
  • Optical
  • MEMS

Segmentation by Media Measurement Type:

  • Air Pressure Sensor
  • Barometric Pressure Sensor
  • Gas Pressure Sensor
  • Water Pressure Sensor
  • Liquid Pressure Sensor
  • Pneumatic and hydraulic pressure sensor

Segmentation by Region:

  • North America

o   United States of America

o   Canada

  • Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

  • Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

  • RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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