A pressure sensor is a device that senses pressure and converts it into an electric signal where the signal works as a quantitative measure of the pressure. Pressure sensors are commonly used in applications such as automotive ABS monitoring systems, detecting leaks in vacuum systems, monitoring compressed air systems, blood pressure monitors, and weather monitoring stations among others. The automotive sector accounts for a major share in the demand for pressure sensors. Factors such as increasing vehicle production and need for advanced driver-assistance systems (ADAS) in vehicles have been driving the automotive pressure sensor market. Additionally, pressure sensors are also increasingly being used for airbag deployment, transmission control, and emission control in vehicles.

The pressure sensors market is estimated to be valued at USD 22.92 Bn in 2024 and is expected to reach USD 30.92 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

Increasing Pressure Sensors Market Demand from the automotive sector for applications such as ABS systems, airbags, transmission control units, and emission monitoring systems is expected to be a major factor driving the market growth over the forecast period. Rapid automation across various industries has also increased pressure sensor requirements.

Get More Insights On- Pressure Sensors Market

Get this Report in Japanese Language: 圧力センサー市場

Get this Report in Korean Language: 압력센서시장