Pressure sensor market is anticipated to grow at a significant CAGR of 13.9% during the forecast period (2024-2031).The market growth is attributed to the increasing integration of pressure sensors in various applications such as 3D printing, air quality testing, automated testing systems, chemical monitoring, leak testing, nuclear power monitoring, pneumatic system monitoring, and water quality testing.Additionally, the increasing demand for differential pressure sensors in industrial applications suitable for differential pressure sensor measurement of oil tanks, water tanks, and pipelines in industries like petroleum fields, chemical plants, and others drives the growth of the pressure sensor market.
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Pressure sensors based on Microelectromechanical Systems (MEMS) have been in widespread use for many years.Also, new trends in pressure sensors have emerged, including improved multifunctionality, sensitivity, accuracy, and smaller chip and package sizes. Advancements in sensor materials, design, fabrication, and packaging techniques have been common in recent decades, driven by the need for performance improvement.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Pressure Sensor Market Report Segment
By Product Type
- MEMS Pressure Sensor
- Pressure Transducer/Transmitter
- Other (Piezoelectric Pressure Sensors, Optical Pressure Sensors, Resonant Pressure Sensors, Electromagnetic Pressure Sensors and Capacitive Pressure Sensors)
By Application
- Consumer Electronics
- Automotive
- Medical
- Industrial
- Energy and Utilities
- Aerospace and defense
- Others (Marine, Waste Water Treatment and Management, Infrastructure (Smart City) and Mining)
Global Pressure Sensor Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global pressure sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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