Pressure sensors are used for numerous applications. The current pressure sensor technologies cover almost every field where high-tech applications are deployed.
What are the drivers behind the growth in the pressure sensor market?
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The global pressure sensor market is expected to grow from US$ 5 billion in 2018 to US$ 11 billion by 2025.
Pressure measure device is known for measuring the pressure of liquid or gases. It usually serves as a transducer and produces a signal in compliance with the applied strain. The pressure sensors are usually used in applications like pressure sensing, altitude measurement, depth measurement and flow sensing.
Some of the most popular pressure sensing technologies include piezoresistive, electromagnetic, resonant solid state, capacitive and optical.
Over the years, demand for pressure sensors increased as they deliver output reliability, real-time tracking and cost-effectiveness, which leads to increased research and development expenditure by market vendors. Pressure sensors are commonly used in applications for control and monitoring. The use of pressure sensors has been driven by factors including increasing demand for smart and wireless pressure sensors and regulatory measures established in North American and European markets.
The major driver which will fuel the demand growth in the coming years is the increasing adoption of Internet of Things (IoT). The increase in IoT-compatible devices is anticipated to drive the market growth, as the pressure sensors enable the production of smart homes and buildings, smart communities and smart factories.
The developments in nanotechnology and microtechnology are anticipated to promote further market growth of pressure sensor devices. The pressure sensor market growth is set to increase due to the growing demand in automotive and medical applications. The pressure sensor industry constantly evolves as creativity pursues the patterns of the market.
The increasing use of electronic devices in automobiles and the increasing popularity of electric vehicles have had a positive impact on the market for pressure sensors, helping to monitor everything from electronic windows to steering to power control and exhaust emissions.
In healthcare, it can be used for lung function and monitoring of tube fluid levels. It has made life easier for patients to monitor symptoms and alert medical professionals when problems arise. The continuous flow of data or fluid measurement from respiratory data can inform nurses and doctors.
One of the biggest drivers to raise market demand is the widespread deployment of pressure sensors in automotive vehicles. The growing connectivity and automation in the automotive sector intensified the adoption of pressure sensors. The tire pressure monitoring system (TPMS) has been mandated for better safety in various countries such as the US, South Korea, Japan, China, Israel and in the EU. This is expected to generate significant demand across the markets for pressure sensors.
The growing technological advances in micro-electro-mechanical systems (MEMS) technology, along with the growing use of pressure sensor technology in connected devices is a key factor expected to drive global market development.
Multifunctional devices that combine numerous MEMS elements in one system can help to promote the use of pressure sensing in consumer applications.
The ability to measure air pressure increases the accuracy of position sensing for handheld devices such as smartphones and tablets that already have accelerators, gyroscopes and GPS receivers.