Pressure Sensor Market to Witness the Highest Growth During Forecast Period

Northbrook, IL — (SBWIRE) — 02/24/2022 — The global pressure sensor market is projected to reach USD 21.9 billion by 2026 from an estimated USD 14.8 billion in 2021, at a CAGR of 8.2% from 2021 to 2026.

Major factors driving the growth of the market include increased demand for pressure sensors in automotive and stringent regulation for automotive.

Global Pressure Sensor Market with COVID-19 Impact

The outbreak and the spread of the COVID-19 pandemic had a negative impact on the pressure sensor market in 2020, resulting in decreased shipments of pressure sensors. This resulted in declined revenues leading to low growth trends of the market during the first half of 2020. This trend continued to prevail till the first quarter of 2021.

Ask for PDF Brochure:

The optical technology segment is projected to grow at the highest CAGR during the forecast period

Growth can be attributed to the increasing use of optical technology-based pressure sensors in harsh environments. These sensors are small in size, flexible, and are made with the use of non-toxic materials. They are resistant to electromagnetic interference and operate well in applications where other pressure sensing technologies fail due to such disturbances. These pressure sensors perform well in the presence of chemicals or explosive materials as well. Owing to this, they are highly suitable for medical and oil & gas applications.

The market for the differential pressure sensors segment is projected to grow at the highest CAGR from 2021 to 2026

Growth can be attributed to their extensive usage in the industrial environment. In industrial processes, differential pressure sensors are installed as core elements of numerous devices to measure the flow of liquids and gases due to the pressure differences across these. They are also used to measure pressure in air, acids, bases, compressed gases, water, steam, pressure drops across oil filters or air filters, fluid levels, and flow rates. In addition, differential pressure sensors can be easily retrofitted and mounted on the surfaces of vessels.

The consumer electronics segment is projected to grow at the highest CAGR from 2021 to 2026

The consumer electronics segment is projected to grow at the highest CAGR from 2021 to 2026. Growth can be attributed to the rising demand for pressure sensors in smartphones, wearables, and tablets due to their various advantages such as small size, lower cost, and high power efficiency. Due to advancements in the MEMS technology, these sensors can be further reduced in size and integrated with various consumer electronic devices. Along with the above-mentioned devices, pressure sensors have a demand from gaming and navigation applications and home appliances.

In 2026, the APAC is projected to hold the largest share of the overall pressure sensor market

The market in the APAC is expected to grow at the highest CAGR during the forecast period. The APAC is a manufacturing hub for automotive, consumer electronic devices and components. The growth of the pressure sensor market in the APAC can be attributed to the large-scale production of electronic components and increased investments in R&D activities related to pressure sensor in the region.

Countries such as China, Japan, India, and South Korea are major contributors to the growth of the pressure sensor market in APAC. Factors such as the acceptance of innovative technologies and the increased popularity of advanced consumer electronics are driving the growth of the pressure sensor market in this region.

Request Free Sample Report:

Key Market Players

Honeywell International Inc. (US), ABBv (Switzerland), Emerson Electric Co. (US), Amphenol (US), Sensata Technologies, Inc. (US), TE Connectivity Ltd. (US), Micro Sensor Co. Ltd (China), BD SENSORS GmbH (Germany), Quartzdyne, Inc. (US), and TT Electronics (UK) are some of the key players in the pressure sensor market.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

For more information on this press release visit:

Media Relations Contact

Amish Keswani
Telephone: 1-888-600-6441
Email: Click to Email Amish Keswani