Pressure Sensor Market

The global pressure sensor market is expected to be valued at USD 12.4 billion in 2024 and is projected to reach USD 17.0 billion by 2029; it is expected to grow at a CAGR of 6.5% from 2024 to 2029. Market participants have adeptly addressed rising pressure sensor demands in diverse industries, extending their global reach through strategic growth approaches like introducing new products, acquiring assets, forging partnerships, fostering collaborations, establishing alliances, and expanding their operations.

Some major players in the pressure sensor market with a significant global presence include Honeywell International Inc. (US), ABB (Switzerland), Emerson Electric Co. (US), Amphenol Corporation (US), TE Connectivity (Switzerland), Sensata Technologies, Inc. (US), TT Electronics (UK), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), and NXP Semiconductors (Netherlands). These players have incorporated organic and inorganic growth strategies, including collaborations, product launches, and partnerships, to strengthen their international footprint and capture a more significant market share.

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Major Pressure Sensor Companies Include:

• Honeywell International Inc. (US)
• ABB (Switzerland)
• Emerson Electric Co. (US)
• Amphenol Corporation (US)
• TE Connectivity (Switzerland)
• Sensata Technologies, Inc. (US)
• TT Electronics (UK)
• Rockwell Automation (US)
• Schneider Electric (France)
• Siemens (Germany)
• STMicroelectronics (Switzerland)
• Infineon Technologies AG (Germany)
• NXP Semiconductors (Netherlands)

For instance, in November 2024, ABB (Switzerland) unveiled its P-Series pressure transmitter portfolio at CIIE, featuring the P-100, P-300, and high-precision P-500 series. Designed to enhance process control and energy efficiency, the transmitters integrate digital technologies, such as Bluetooth, RFID, and advanced HMI, supporting industrial digital transformation across various sectors.

Honeywell International Inc. (US):

Honeywell International Inc. is a diversified technology and manufacturing company offering building automation systems, commercial combustion control systems, scanners, computer devices, wearable devices, radio frequency Identification (RFID) solutions, connected vehicle solutions, advanced automotive technologies, protective equipment, sensors, and switches. These products and solutions have applications in construction, retail, manufacturing, automotive, energy and utilities, aerospace & defense, healthcare, and chemicals industries. The company operates through the following business segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions . Honeywell International Inc. strategically positions itself as a key player in the pressure sensors market by focusing on innovation and technological advancement. The company is committed to developing cutting-edge products and solutions aligned with Industry 4.0 standards. Notably, it significantly emphasizes leveraging the latest technologies and trends in industrial sensors, including pressure sensors. For instance, in October 2023, it realigned its business segments around compelling megatrends, such as automation, signalling a dedicated effort towards technological progression within the pressure sensors domain. It provides safety switches to several industries, such as aerospace, oil refinery, chemicals, petrochemicals, healthcare, and mining. It has a strong presence in regions such as North America and Europe.

TE Connectivity (Switzerland):

TE Connectivity is a global industrial technology leader that designs and manufactures a range of connectivity and sensor solutions. The company’s products find applications in end-use markets, including automotive, aerospace & defense, industrial, oil & gas, marine, consumer electronics, and medical. It operates through three reportable segments: transportation solutions, industrial solutions, and communications solutions. The company offers pressure sensors through its transportation solutions business segment. The primary products offered through the transportation solutions segment include terminals and connector systems and components, sensors, relays, antennas, application tooling, and wire and heat shrink tubing. It offers different sensors, such as pressure, force, position, humidity, and flow, that customers use across multiple industries, including automotive, industrial equipment, commercial transportation, medical solutions, aerospace & defense, and consumer applications. The company has its geographical presence in Asia Pacific, Europe, the Americas, and the Middle East & Africa. It has over 100 manufacturing and engineering centers across 140 countries. In addition, it has over 50 subsidiaries in 4 regions. First Sensor AG (Germany), Alpha Technics (US), American Sensor Technologies, Inc. (US), and Precision Interconnect Inc. (US) are among its subsidiaries.

Market Ranking

The pressure sensor market features a competitive landscape with several established players holding significant market shares across key verticals, such as industrial automotive, medical, manufacturing, utilities , and aviation. Major players in the pressure sensor market include Honeywell International Inc. (US), ABB (Switzerland), Emerson Electric Co. (US), Amphenol Corporation (US), and TE Connectivity (Switzerland). These companies offer robust sensor portfolios with a focus on accuracy, ruggedness, and reliability to support mission-critical applications. Honeywell is known for its wide range of industrial-grade sensors strongly integrated into aerospace and medical applications. ABB emphasizes digitalization and smart sensor solutions for industrial automation. Emerson focuses on high-performance sensors for process industries. Amphenol and TE Connectivity are leaders in sensor miniaturization and rugged solutions for automotive and harsh environments. These companies leverage strategic acquisitions, product innovations, and partnerships to expand their technological capabilities and strengthen their global footprint in the pressure sensor market.

Related Reports:

Pressure Sensor Market by Sensing Method (Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical, MEMS, Acoustic), Type (Absolute, Gauge, Differential, Sealed, Vacuum), Range PSI (Up to 100, 101-1,000, <1,000) - Global Forecast to 2030

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