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By 2031, the pressure sensor industry is expected to have grown to a value of USD 21.19 billion, with a compound annual growth rate (CAGR) of 10.2%.
It is possible to regulate many systems with the use of signals generated by sensors, which are devices that sense changes in physical quantities or environmental qualities of any material. Transducers and instruments in the pressure sensor business take mechanical pressure readings from gases or liquids and turn them into an electrical signal.
One part of it is a pressure-sensitive element that can detect, measure, or keep tabs on the pressure exerted on electronic parts and turn that data into signals that power devices. A pressure sensor can detect the density of many different liquids and gases.Any time the pressure of a gas or liquid changes, a device called a pressure sensor can turn that change into an electrical signal. Other names for this device are pressure transducer, pressure transmitter, pressure indicator, piezometer, and manometer. The amount of strain or pressure acting on a pressure sensor causes it to produce an analogue signal.
A pressure sensor is a tool for measuring the pressure of gases and liquids in many different kinds of industries. Components that transform the information gathered from a pressure sensor's pressure-sensitive element into an output signal are what make up a pressure sensor. Automotive tyre pressure and engine combustion pressure sensors, as well as pressure sensors used in factories and aircraft for determining altitude and atmospheric conditions, are just a few examples of the many ever-expanding uses for pressure sensors. Opportunities for the pressure sensor market to grow are presented by the fast industrialization and massive vehicle production in Asian countries like China, Japan, India, and South Korea, as well as by technological advancements in most industry verticals like oil and gas, healthcare, and automotive.
Growing health concerns, an increasing quality of life, and an increase in disposable income are just a few of the reasons that bode well for the pressure sensor market. Sales of appliances including coffee makers, dishwashers, washing machines, refrigerators, and vacuum cleaners are influenced by these factors and more. One factor propelling the expansion of the pressure sensor market is the prevalence of these sensors in household appliances. Over the forecast period, the pressure sensor market is anticipated to experience development due to rising demand from the oil and gas industry.
With an emphasis on worldwide market trends, the "Global Pressure Sensor Market Analysis to 2031" provides a detailed and expert examination of the industry. With thorough market segmentation by type and application, the study attempts to offer an overview of the industry. We anticipate that the worldwide pressure sensor market will expand at a rapid pace over the next few years. In addition to outlining important trends and possibilities in the pressure sensor industry, the research gives crucial statistics on the market status of the leading competitors in the field.
The expansion of the pressure sensor industry, particularly in the automobile industry, is largely attributable to government regulations. Tire pressure monitoring systems (TPMS) are now required in all cars in the United States by law, according to the Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act. If the TPMS sensors detect that the tires are underinflated, they will notify the driver within 20 minutes by measuring the air pressure and temperature of the tires. Another factor propelling the industry is the US government's mandate that all commercial vehicles be equipped with passenger and side airbags, which must include pressure sensors.
Pressure sensors are increasingly being shipped due to their broad use in automated intelligent controls and wearable electronics. However, the expansion in sales is being severely limited by the erosion of their prices. This is due, in part, to the fact that the ever-increasing number of pressure sensor manufacturers is engaging in fierce rivalry, which in turn is driving innovation in the creation of novel consumer, IoT, and portable applications. Pressure sensors, whether they are IO-link compatible, wireless, or based on micro electromechanical systems (MEMS), are becoming increasingly affordable as a result of this trend in electronics. Manufacturers of pressure sensors are forced to lower their prices in response to pricing pressure from high-volume applications. This price cut hurts suppliers' profit margins and slows revenue development in the cutthroat pressure sensor industry.
Report Coverage
Global Pressure Sensor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pressure Sensor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pressure Sensor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pressure Sensor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pressure Sensor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pressure Sensor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AlphaSense, City Technology Ltd., Dynament Ltd., Figaro Engineering Inc., Membrapor AG., Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens AG, GfG Europe Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Pressure Sensor market based on the below-mentioned segments:
Global Pressure Sensor Market, By Type
Wired Sensors
Wireless Sensors
Global Pressure Sensor market, By Technology
Piezoresistive
Capacitive
Resonant Solid-state
Electromagnetic
Optical
Others
Global Pressure Sensor Market, By End User
Introduction
Automotive On-vehicle
Medical Devices
HVAC Systems
Process Control Solutions
Testing & Measurement Equipment
Others
Global Pressure Sensor market, Regional Analysis
It is possible to regulate many systems with the use of signals generated by sensors, which are devices that sense changes in physical quantities or environmental qualities of any material. Transducers and instruments in the pressure sensor business take mechanical pressure readings from gases or liquids and turn them into an electrical signal.
One part of it is a pressure-sensitive element that can detect, measure, or keep tabs on the pressure exerted on electronic parts and turn that data into signals that power devices. A pressure sensor can detect the density of many different liquids and gases.Any time the pressure of a gas or liquid changes, a device called a pressure sensor can turn that change into an electrical signal. Other names for this device are pressure transducer, pressure transmitter, pressure indicator, piezometer, and manometer. The amount of strain or pressure acting on a pressure sensor causes it to produce an analogue signal.
A pressure sensor is a tool for measuring the pressure of gases and liquids in many different kinds of industries. Components that transform the information gathered from a pressure sensor's pressure-sensitive element into an output signal are what make up a pressure sensor. Automotive tyre pressure and engine combustion pressure sensors, as well as pressure sensors used in factories and aircraft for determining altitude and atmospheric conditions, are just a few examples of the many ever-expanding uses for pressure sensors. Opportunities for the pressure sensor market to grow are presented by the fast industrialization and massive vehicle production in Asian countries like China, Japan, India, and South Korea, as well as by technological advancements in most industry verticals like oil and gas, healthcare, and automotive.
Growing health concerns, an increasing quality of life, and an increase in disposable income are just a few of the reasons that bode well for the pressure sensor market. Sales of appliances including coffee makers, dishwashers, washing machines, refrigerators, and vacuum cleaners are influenced by these factors and more. One factor propelling the expansion of the pressure sensor market is the prevalence of these sensors in household appliances. Over the forecast period, the pressure sensor market is anticipated to experience development due to rising demand from the oil and gas industry.
With an emphasis on worldwide market trends, the "Global Pressure Sensor Market Analysis to 2031" provides a detailed and expert examination of the industry. With thorough market segmentation by type and application, the study attempts to offer an overview of the industry. We anticipate that the worldwide pressure sensor market will expand at a rapid pace over the next few years. In addition to outlining important trends and possibilities in the pressure sensor industry, the research gives crucial statistics on the market status of the leading competitors in the field.
The expansion of the pressure sensor industry, particularly in the automobile industry, is largely attributable to government regulations. Tire pressure monitoring systems (TPMS) are now required in all cars in the United States by law, according to the Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act. If the TPMS sensors detect that the tires are underinflated, they will notify the driver within 20 minutes by measuring the air pressure and temperature of the tires. Another factor propelling the industry is the US government's mandate that all commercial vehicles be equipped with passenger and side airbags, which must include pressure sensors.
Pressure sensors are increasingly being shipped due to their broad use in automated intelligent controls and wearable electronics. However, the expansion in sales is being severely limited by the erosion of their prices. This is due, in part, to the fact that the ever-increasing number of pressure sensor manufacturers is engaging in fierce rivalry, which in turn is driving innovation in the creation of novel consumer, IoT, and portable applications. Pressure sensors, whether they are IO-link compatible, wireless, or based on micro electromechanical systems (MEMS), are becoming increasingly affordable as a result of this trend in electronics. Manufacturers of pressure sensors are forced to lower their prices in response to pricing pressure from high-volume applications. This price cut hurts suppliers' profit margins and slows revenue development in the cutthroat pressure sensor industry.
Report Coverage
Global Pressure Sensor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pressure Sensor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pressure Sensor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Pressure Sensor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | AlphaSense, City Technology Ltd., Dynament Ltd., Figaro Engineering Inc., Membrapor AG., Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens AG, GfG Europe Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Pressure Sensor Market from 2021 to 2031.
- Market Forecast for Pressure Sensor Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pressure Sensor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pressure Sensor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pressure Sensor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pressure Sensor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AlphaSense, City Technology Ltd., Dynament Ltd., Figaro Engineering Inc., Membrapor AG., Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens AG, GfG Europe Ltd.
Primary Target Market
- Market Players of Pressure Sensor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Pressure Sensor market based on the below-mentioned segments:
Global Pressure Sensor Market, By Type
Wired Sensors
Wireless Sensors
Global Pressure Sensor market, By Technology
Piezoresistive
Capacitive
Resonant Solid-state
Electromagnetic
Optical
Others
Global Pressure Sensor Market, By End User
Introduction
Automotive On-vehicle
Medical Devices
HVAC Systems
Process Control Solutions
Testing & Measurement Equipment
Others
Global Pressure Sensor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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