Pressure Sensor Market by Product (Absolute, Differential, Gauge, Vacuum, and Sealed), Technology (Piezoresistive, Capacitive, Electromagnetic, Resonant), Application (Automotive, Medical, Industrial, Utilities) and Geography - Global Forecast to 2023

The pressure sensor market is likely to witness high growth in the coming years, driven by advancements in MEMS technology and its rapid adoption in connected devices, growing demand from automotive and medical device industries, increasing adoption of pressure sensors in consumer goods and wearables, and stringent government regulations. The pressure sensor market was valued at USD 7.88 Billion in 2016 and is expected to reach at USD 11.30 Billion in 2023 with a growing CAGR of 5.27% during the forecast period. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the pressure sensor market based on product type, technology, application, and geography. The report provides detailed information of the major factors influencing the growth of the pressure sensor market. Moreover, it provides a detailed overview of the value chain of the pressure sensor market.

The research methodology used to estimate and forecast the pressure sensor market begins with obtaining data through secondary research sources including Automation World, Electric Energy Online, IEEE, and newsletters and whitepapers of the leading players in this market. The offerings of the pressure sensor providers have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the pressure sensor market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with officials holding key positions in this market, such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure:

To know about the assumptions considered for the study, download the pdf brochure

The players offering pressure sensors include Honeywell (US), ABB (Switzerland), NXP Semiconductors (Netherland), Infineon Technologies (Germany), Emerson Electric (US), General Electric (US), Siemens (Germany), STMicroelectronics (Switzerland), and Robert Bosch (Germany).

Target Audience of the Report:

• Raw material and manufacturing equipment suppliers
• Electronic design automation (EDA) and design tool vendors
• Component manufacturers
• Original equipment manufacturers (OEMs)
• Integrated device manufacturers (IDMs)
• Original design manufacturers (ODMs)
• Technology, service, and solution providers
• Suppliers and distributors
• System integrators
• Governments and other regulatory bodies
• Technology investors
• Research institutes and organizations
• Market research and consulting firms

This study answers several questions for the stakeholders, primarily regarding the market segments to be focused on in the next two to five years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the overall pressure sensor market, based on product type, technology, application, and geography.

Pressure Sensor Market, by Product Type

• Absolute
• Differential
• Gauge
• Vacuum
• Sealed

Pressure Sensor Market, by Technology

• Piezoresistive
• Capacitive
• Electromagnetic
• Resonant
• Optical
• Others

Pressure Sensor Market, by Application

• Automotive
• Medical
• Industrial
• Utilities
• Consumer Electronics
• Oil & Gas
• Aviation
• Marine
• Others

Pressure Sensor Market, by Geography

• Asia Pacific (APAC)
• North America
• Europe
• Rest of the World (ROW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Country-Wise Shipment Data

• Country-wise shipment data of the overall pressure sensor market and shipment data for applications of the pressure sensor market

Market Numbers for Others

• Country-wise split of other applications of the pressure sensor market

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
           2.1.3 Bottom-Up Approach
                    2.1.3.1 Approach for Capturing Market Share By Bottom-Up Analysis(Demand Side)
           2.1.4 Top-Down Approach
                    2.1.4.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.2 Market Breakdown and Data Triangulation
    2.3 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Pressure Sensor Market
    4.2 Pressure Sensor Market, By Application
    4.3 Pressure Sensor Market in APAC: By Countries and Applications
    4.4 Pressure Sensor Market By Country, 2016
    4.5 Pressure Sensor Market, By Technology
    4.6 Pressure Sensor Market, By Product Type

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Advancements in MEMS Technology and ITs Rapid Adoption in Connected Devices
                    5.2.1.2 Increasing Demand From Automotive and Medical Industries
                    5.2.1.3 Increased Adoption of Pressure Sensors in Consumer Goods and Wearables
                    5.2.1.4 Stringent Government Regulations
           5.2.2 Restraints
                    5.2.2.1 Intense Pricing Pressure
           5.2.3 Opportunities
                    5.2.3.1 Large-Scale Adoption of the Internet of Things (IoT) Platform and Remote Connectivity
                    5.2.3.2 Upcoming Information and Communication Technology (ICT)-Enabled Developments
           5.2.4 Challenges
                    5.2.4.1 High Regulatory Barriers
                    5.2.4.2 Shock and Vibration
    5.3 Value Chain Analysis, 2016

6 Pressure Sensor Market, By Product Type (Page No. - 40)
    6.1 Introduction
    6.2 Absolute Pressure Sensors
    6.3 Differential Pressure Sensors
    6.4 Gauge Pressure Sensors
    6.5 Vacuum Pressure Sensors
    6.6 Sealed Pressure Sensors

7 Pressure Sensor Market, By Technology (Page No. - 52)
    7.1 Introduction
    7.2 Piezoresistive Pressure Sensors
    7.3 Capacitive Pressure Sensors
    7.4 Electromagnetic Pressure Sensors
    7.5 Resonant Solid State Pressure Sensors
    7.6 Optical Pressure Sensors
    7.7 Other Pressure Sensors

8 Pressure Sensor Market, By Application (Page No. - 65)
    8.1 Introduction
    8.2 Automotive
    8.3 Oil & Gas
    8.4 Consumer Electronics
    8.5 Medical
    8.6 Utilities
    8.7 Industrial
    8.8 Aviation
    8.9 Marine
    8.10 Other Applications

9 Geographic Analysis (Page No. - 87)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 APAC
    9.5 Rest of the World

10 Competitive Landscape (Page No. - 99)
     10.1 Overview
     10.2 Key Players in the Pressure Sensor Market
     10.3 Competitive Scenario
             10.3.1 Product Launches
             10.3.2 Partnerships, Collaborations, and Agreements
             10.3.3 Mergers & Acquisitions
             10.3.4 Other Developments

11 Company Profiles (Page No. - 105)
(Business Overview, Services Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
     11.1 ABB
     11.2 Emerson Electric
     11.3 General Electric
     11.4 Honeywell
     11.5 Infineon Technologies
     11.6 NXP Semiconductors
     11.7 Omron
     11.8 Robert Bosch
     11.9 Siemens
     11.10 Stmicroelectronics
     11.11 Key Innovators
             11.11.1 Denso
             11.11.2 Te Connectivity
             11.11.3 Continental
             11.11.4 Delphi
             11.11.5 Sensata Technologies

*Details on Business Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 141)
     12.1 Discussion Guide
     12.2 Insights of Industry Experts
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details

List of Tables (67 Tables)

Table 1 Pressure Sensor Market, By Product Type, 2014–2023 (USD Million)
Table 2 Pressure Sensor Market, By Product Type, 2014–2023 (Million Units)
Table 3 Absolute Pressure Sensor Market, By Technology, 2014–2023 (USD Million)
Table 4 Absolute Pressure Sensor Market, By Application, 2014–2023 (USD Million)
Table 5 Differential Pressure Sensor Market, By Technology, 2014–2023 (USD Million)
Table 6 Differential Pressure Sensor Market, By Application, 2014–2023 (USD Million)
Table 7 Gauge Pressure Sensor Market, By Technology, 2014–2023 (USD Million)
Table 8 Gauge Pressure Sensor Market, By Application, 2014–2023 (USD Million)
Table 9 Vacuum Pressure Sensor Market, By Technology, 2014–2023 (USD Million)
Table 10 Vacuum Pressure Sensor Market, By Application, 2014–2023 (USD Million)
Table 11 Sealed Pressure Sensor Market, By Technology, 2014–2023 (USD Million)
Table 12 Sealed Pressure Sensor Market, By Application, 2014–2023 (USD Million)
Table 13 Pressure Sensor Market, By Technology, 2014–2023 (USD Million)
Table 14 Market for Piezoresistive Pressure Sensors, By Application, 2014–2023 (USD Million)
Table 15 Market for Piezoresistive Pressure Sensors, By Product Type, 2014–2023 (USD Million)
Table 16 Market for Capacitive Pressure Sensors, By Application, 2014–2023 (USD Million)
Table 17 Market for Capacitive Pressure Sensors, By Product Type, 2014–2023 (USD Million)
Table 18 Market for Electromagnetic Pressure Sensors, By Application, 2014–2023 (USD Million)
Table 19 Market for Electromagnetic Pressure Sensors, By Product Type, 2014–2023 (USD Million)
Table 20 Market for Resonant Solid State Pressure Sensors, By Application, 2014–2023 (USD Million)
Table 21 Market for Resonant Sensors, By Product Type, 2014–2023 (USD Million)
Table 22 Market for Optical Pressure Sensors, By Application, 2014–2023 (USD Million)
Table 23 Market for Optical Pressure Sensors, By Product Type, 2014–2023 (USD Million)
Table 24 Market for Other Pressure Sensors, By Application, 2014–2023 (USD Million)
Table 25 Market for Other Pressure Sensors, By Product Type, 2014–2023 (USD Million)
Table 26 Pressure Sensor Market, By Application, 2014–2023 (USD Million)
Table 27 Pressure Sensor Market for Automotive, By Region, 2014–2023 (USD Million)
Table 28 Pressure Sensor Market for Automotive, By Technology, 2014–2023 (USD Million)
Table 29 Pressure Sensor Market for Automotive, By Product Type, 2014–2023 (USD Million)
Table 30 Pressure Sensor Market for Oil & Gas, By Region, 2014–2023 (USD Million)
Table 31 Pressure Sensor Market for Oil & Gas, By Technology, 2014–2023 (USD Million)
Table 32 Pressure Sensor Market for Oil & Gas, By Product Type, 2014–2023 (USD Million)
Table 33 Pressure Sensor Market for Consumer Electronics, By Region, 2014–2023 (USD Million)
Table 34 Pressure Sensor Market for Consumer Electronics, By Technology, 2014–2023 (USD Million)
Table 35 Pressure Sensor Market for Consumer Electronics, By Product Type, 2014–2023 (USD Million)
Table 36 Pressure Sensor Market for Medical, By Region, 2014–2023 (USD Million)
Table 37 Pressure Sensor Market for Medical, By Technology, 2014–2023 (USD Million)
Table 38 Pressure Sensor Market for Medical, By Product Type, 2014–2023 (USD Million)
Table 39 Pressure Sensor Market for Utilities, By Region, 2014–2023 (USD Million)
Table 40 Pressure Sensor Market for Utilities, By Technology, 2014–2023 (USD Million)
Table 41 Pressure Sensor Market for Utilities, By Product Type, 2014–2023 (USD Million)
Table 42 Pressure Sensor Market for Industrial, By Region, 2014–2023 (USD Million)
Table 43 Pressure Sensor Market for Industrial, By Technology, 2014–2023 (USD Million)
Table 44 Pressure Sensor Market for Industrial, By Product Type, 2014–2023 (USD Million)
Table 45 Pressure Sensor Market for Aviation, By Region, 2014–2023 (USD Million)
Table 46 Pressure Sensor Market for Aviation, By Technology, 2014–2023 (USD Million)
Table 47 Pressure Sensor Market for Aviation, By Product Type, 2014–2023 (USD Million)
Table 48 Pressure Sensor Market for Marine, By Region, 2014–2023 (USD Million)
Table 49 Pressure Sensor Market for Marine, By Technology, 2014–2023 (USD Million)
Table 50 Pressure Sensor Market for Marine, By Product Type, 2014–2023 (USD Million)
Table 51 Pressure Sensor Market for Other Applications, By Region, 2014–2023 (USD Million)
Table 52 Pressure Sensor Market for Other Applications, By Technology, 2014–2023 (USD Million)
Table 53 Pressure Sensor Market for Other Applications, By Product Type, 2014–2023 (USD Million)
Table 54 Pressure Sensor Market, By Region, 2014–2023 (USD Million)
Table 55 Pressure Sensor Market in North America, By Application, 2014–2023 (USD Million)
Table 56 Pressure Sensor Market in North America, By Country, 2014–2023 (USD Million)
Table 57 Pressure Sensor Market in Europe, By Application, 2014–2023 (USD Million)
Table 58 Pressure Sensor Market in Europe, By Country, 2014–2023 (USD Million)
Table 59 Pressure Sensor Market in APAC, By Application, 2014–2023 (USD Million)
Table 60 Pressure Sensor Market in APAC, By Country, 2014–2023 (USD Million)
Table 61 Pressure Sensor Market in RoW, By Application, 2014–2023 (USD Million)
Table 62 Pressure Sensor Market in RoW, By Region, 2014–2023 (USD Million)
Table 63 Market Ranking of the Top 5 Players in the Pressure Sensor Market, 2016
Table 64 Product Launches, 2016–2017
Table 65 Agreements, Partnerships, and Collaborations, 2016–2017
Table 66 Mergers & Acquisitions, 2015–2017
Table 67 Other Developments, 2014–2017

List of Figures (68 Figures)

Figure 1 Pressure Sensor Market Segmentation
Figure 2 Pressure Sensor Market: Research Design
Figure 3 Research Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Absolute Pressure Sensor Held the Largest Market Size in 2016
Figure 8 Piezoresistive Technology to Hold the Largest Market Size During the Forecast Period
Figure 9 Automotive Application to Hold the Largest Market Size Between 2017 and 2023
Figure 10 APAC Held the Largest Market Share in 2016
Figure 11 Pressure Sensor Market is Projected to Register the Highest CAGR in the APAC Region During the Forecast Period
Figure 12 Automotive Application is Expected to Hold the Largest Market Size By 2023
Figure 13 China Held the Largest Share of the Overall Pressure Sensor Market in APAC (2016)
Figure 14 Pressure Sensor Market in China Expected to Grow at the Highest CAGR Globally
Figure 15 Optical Pressure Sensor Technology Market to Grow at the Highest CAGR During the Forecast Period
Figure 16 Absolute Sensors to Hold the Largest Market By 2023
Figure 17 Market Dynamics: Overview
Figure 18 Pressure Sensors and Internet of Things (IoT)
Figure 19 Value Chain of Pressure Sensor Market
Figure 20 Pressure Sensor Market, By Product Type
Figure 21 Differential Pressure Sensor Expected to Witness the Highest Growth in the Pressure Sensor Market During the Forecast Period
Figure 22 Pressure Sensor Market Shipment, By Product Type (Million Units)
Figure 23 Optical Absolute Pressure Sensors to Register the Highest CAGR During the Forecast Period
Figure 24 Optical Differential Pressure Sensors Market to Register the Highest CAGR During the Forecast Period
Figure 25 Market for Optical Gauge Pressure Sensors Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Market for Optical Vacuum Pressure Sensors to Grow at the Highest CAGR During the Forecast Period
Figure 27 Optical Sealed Pressure Sensors to Register the Highest CAGR During the Forecast Period
Figure 28 Pressure Sensor Market, By Technology
Figure 29 Pressure Sensor Market, By Technology (USD Million)
Figure 30 Piezoresistive Pressure Sensor Market for Consumer Electronics to Grow at the Highest CAGR During the Forecast Period
Figure 31 Capacitive Pressure Sensors for Consumer Electronics Expected to Register the Highest CAGR During the Forecast Period
Figure 32 Electromagnetic Pressure Sensor Market for Consumer Electronics to Grow at the Highest CAGR During the Forecast Period
Figure 33 Resonant Pressure Sensor Market for Consumer Electronics Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 Optical Pressure Sensor Market for Automotive to Grow at the Highest CAGR During the Forecast Period
Figure 35 Market for Other Pressure Sensors for Consumer Electronics Expected to Grow at the Highest CAGR During the Forecast Period
Figure 36 Pressure Sensor Market, By Application
Figure 37 Automotive Application Expected to Lead the Pressure Sensor Market During the Forecast Period
Figure 38 Asia Pacific Expected to Register the Highest CAGR for the Automotive Application in the Pressure Sensor Market During the Forecast Period
Figure 39 Asia Pacific Expected to Register the Highest CAGR in the Market for the Oil & Gas Application of Pressure Sensors (2017–2023)
Figure 40 North America Expected to Register the Highest CAGR for the Consumer Electronics Application of the Pressure Sensor Market During the Forecast Period
Figure 41 Asia Pacific Expected to Register the Highest CAGR in the Medical Application of the Pressure Sensor Market During the Forecast Period
Figure 42 Asia Pacific Expected to Register the Highest CAGR in the Utilities Application of the Pressure Sensor Market During the Forecast Period
Figure 43 Asia Pacific Expected to Register the Highest CAGR for the Industrial Application of the Pressure Sensor Market During the Forecast Period
Figure 44 Asia Pacific Expected to Register the Highest CAGR in the Aviation Application of the Pressure Sensor Market During the Forecast Period
Figure 45 Asia Pacific Expected to Register the Highest CAGR in the Marine Application of the Pressure Sensor Market During the Forecast Period
Figure 46 Europe Expected to Register the Highest CAGR in the Other Applications of the Pressure Sensor Market During the Forecast Period
Figure 47 Geographic Snapshot (2017–2023)
Figure 48 Asia Pacific Expected to Register the Highest CAGR During the Forecast Period
Figure 49 Segmentation: North America
Figure 50 North America: Market Snapshot
Figure 51 Segmentation: Europe
Figure 52 Europe: Market Snapshot
Figure 53 Segmentation: APAC
Figure 54 APAC: Market Snapshot
Figure 55 Segmentation: RoW
Figure 56 Companies Adopted New Product Launches as the Key Growth Strategy Between January 2014 and July 2017
Figure 57 Market Evaluation Framework: Product Launches Fuelled Growth and Innovation Between 2014 and 2016
Figure 58 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 59 ABB: Company Snapshot
Figure 60 Emerson Electric: Company Snapshot
Figure 61 General Electric: Company Snapshot
Figure 62 Honeywell: Company Snapshot
Figure 63 Infineon Technologies: Company Snapshot
Figure 64 NXP Semiconductors: Company Snapshot
Figure 65 Omron: Company Snapshot
Figure 66 Robert Bosch: Company Snapshot
Figure 67 Siemens: Company Snapshot
Figure 68 Stmicroelectronics: Company Snapshot

The pressure sensor market is expected to grow from USD 8.30 Billion in 2017 to USD 11.30 Billion by 2023, at a CAGR of 5.27% between 2017 and 2023. The growth of this market is fueled by advancements in MEMS technology and its rapid adoption in connected devices, growing demand from automotive and medical device industries, increasing adoption of pressure sensors in consumer goods and wearables, and stringent government regulations. Developments in the pressure sensor market ecosystem through organic and inorganic growth strategies, such as product developments, merger and acquisition, partnerships, collaborations, and agreements, further drive the growth of this market.

Among the different product types, the market for differential pressures sensors is expected to grow at the highest CAGR between 2017 and 2023. Differential pressure sensors provide the difference between two pressure sources through two ports, allowing users to provide required pressure inputs to the device for measuring the readings. This flexibility offered by the device helps drive the growth of the differential pressure sensor market at the highest CAGR during the forecast period.

The pressure sensor market for the optical technology is expected to grow at a high CAGR between 2017 and 2023 driven by the growing adoption of optical technology over other technologies. In places that are remote or experience very high temperature, optical pressure sensors are used for various applications. In applications where other technologies can fail due to electromagnetic interference, optical pressure sensors can work very well due to their immunity to interference. These sensors also work well in the presence of chemicals or explosive materials.

Among various applications, automotive held the largest share of the overall pressure sensor market in 2016 owing to the increased use of pressure sensors in oil pressure monitoring, fuel pressure monitoring, nitrous pressure monitoring, transmission pressure monitoring, and tire pressure monitoring.

Asia Pacific (APAC) is expected to hold the largest share of the pressure sensor market during the forecast period. The pressure sensor market in countries such as China, India, Japan, and South Korea is expected to grow at the highest CAGR due to the increasing deployment of automated storage and retrieval systems (ASRS) and rising awareness about the advantages of automated systems.

The key restraining factor for the growth of the pressure sensor market is the intense pricing pressure. The consumers of pressure sensors are key players in applications such as utilities, oil & gas, consumer electronics, automotive, oil & gas, aviation, marine, medical, industrial, and others. The major demand for pressure sensors is from the automotive and medical applications. While both these industries are growing rapidly, they face a stiff price competition in the market. Therefore, the players in these applications demand low-cost pressure sensors to bring down the price of the final product.

Key market players such as Honeywell (US), ABB (Switzerland), NXP Semiconductors (Netherland), Infineon Technologies (Germany), Emerson Electric (US), General Electric (US), Siemens (Germany), STMicroelectronics (Switzerland), Robert Bosch (Germany), TE Connectivity (Switzerland), Schneider Electric (France), Denso (Japan), Continental (Germany), Endress+Hauser (Switzerland), SSI Technologies (US), and Delphi (UK) focus on strategies such as product launches and developments, agreements, mergers and acquisitions, partnerships, and collaborations to enhance their product offerings and expand their business.

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