According to a new report, published by KBV research, The Global Pressure Sensor Market size is expected to reach $28.8 billion by 2030, rising at a market growth of 7.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,07,642.4 thousand units, experiencing a growth of 7.9% (2019-2022).
The Wired segment is generating the highest revenue in the Global Pressure Sensor Market by Type in 2022; thereby, achieving a market value of $19.3 billion by 2030. Wired sensors tend to be more reliable because they directly transmit data through physical cables. They typically have a consistent and uninterrupted connection, minimizing the risk of signal interference or dropout. These sensors can offer more stable and consistent data transmission since they are not affected by potential wireless signal interferences or environmental factors that can disrupt wireless connections. Moreover, they don't require a separate power source as they draw power through the wired connection. Such benefits have increased the demand for wired pressure sensors.
The Differential segment is registering a CAGR of 8% during (2023 - 2030). Differential pressure sensors are commonly used in flow measurement applications, such as in HVAC systems, where they measure the pressure difference across a pipe to determine flow rates. In industries like automotive manufacturing, aerospace, and oil and gas, differential pressure sensors play a vital role in monitoring and indicating the clogging or filter status in systems. Applications that involve measuring liquid levels in release or reservoirs often rely on differential pressure sensors to calculate the difference in pressure between the bottom and the top of the liquid. The growth of the segment is owed to the rising use of these sensors in various instances.
The Piezoresistive segment is leading the Global Pressure Sensor Market by Technology in 2022; thereby, achieving a market value of $7.3 billion by 2030. Piezoresistive pressure sensors find applications across various industries, including automotive, industrial, consumer electronics, healthcare, aerospace, and more. These sensors offer high accuracy and sensitivity in pressure measurement. Their ability to detect small changes in pressure and convert them into electrical signals makes them suitable for applications requiring precise measurements, such as in medical devices, automotive systems, and industrial equipment. Owing to these factors, the segment will grow rapidly in the future.
The Consumer Electronics segment is experiencing a CAGR of 7.5% during (2023 - 2030). Pressure sensors have become integral components in smartphones and wearables, adding capabilities such as altimeter readings, weather forecasting, and touch sensitivity. These sensors enable barometric pressure measurement, elevation tracking, and enhanced touchscreen functionality. The rise of health and fitness wearables has also driven the inclusion of pressure sensors for tracking elevation and stair counts.
The Asia Pacific region dominated the Global Pressure Sensor Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.1 billion by 2030. The Europe region is anticipating a CAGR of 7.3% during (2023 - 2030). Additionally, The North America region would register a CAGR of 7.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/pressure-sensor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Emerson Electric Co., Honeywell International, Inc., NXP Semiconductors N.V., Texas Instruments, Inc., Denso Corporation, Robert Bosch GmbH, Schneider Electric SE, ABB Ltd., Amphenol Corporation, TE Connectivity Ltd.
By Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Product (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Technology
By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Geography (Volume, Thousand Units, USD Billion, 2019 to 2030)
Companies Profiled
Unique Offerings 
