Market growth and diversified application prospects of the pressure sensor industry

The development trend of the pressure sensor industry is good, and the market size is showing an increasing trend. The global market size is expected to grow from 21.95 billion US dollars in 2025 to 31.33 billion US dollars in 2032, with a compound annual growth rate of 5.2%. The Chinese market is expected to have an average annual compound growth rate of 11% from 2024 to 2028.

The upstream of its industrial chain involves the supply of raw materials such as semiconductor materials, the midstream includes production processes such as chip design and manufacturing, and the downstream is widely used, covering fields such as automobiles, consumer electronics, industry, and healthcare. Among them, automotive electronics is the single track with the largest application scale of pressure sensors, accounting for over 35%.

With the development of Industry 4.0, the Internet of Things, and intelligent manufacturing technologies, as well as the rise of the new energy industry, pressure sensors, as key measuring components, can be used to monitor equipment status. The market demand will continue to increase, and the industry has broad development prospects.