Pressure Transducer Market is Anticipated to Witness High Growth Owing to Rising Adoption in Automotive Sector



The pressure transducer market has been growing rapidly due to the increasing applications across different end-use verticals such as automotive, process & industrial automation, oil & gas, and consumer electronics. Pressure transducers help in measuring both gauge and absolute pressure of gases and liquids. They convert pressure inputs into an analog or digital signal and are used across various industries to monitor process parameters. Rising adoption of pressure transducers in automotive vehicles for tire pressure monitoring systems (TPMS) and electronic stability control (ESC) has been a key growth driver for the market. Increasing penetration of automotive vehicles across developing nations is further propelling the demand.


The Global Pressure Transducer Market is estimated to be valued at US$ 10.2 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the pressure transducer market are ABB Ltd., Honeywell International Inc., Robert Bosch GmbH, Panasonic Corporation, Sensata Technologies, Inc. These players are focusing on new product launches and partnerships to gain higher market shares.

There is high growth potential for pressure transducers in emerging applications such as internet of things (IoT) devices, wearables, and industrial robotics. Also, increasing adoption of wireless pressure transducers is opening new opportunities in remote monitoring across various industries.

Major players are expanding globally especially in developing regions of Asia Pacific and Middle East & Africa to tap the growth opportunities. Mergers and acquisitions are helping players to expand their product portfolio and geographic footprint.

Market Drivers
Rising automotive production across the world is a key market driver. Improving economic conditions and growing preference for passenger vehicles is positively influencing the automotive pressure transducer demand. Additionally, stringent regulations regarding vehicle safety is augmenting the adoption of pressure transducers in advanced driver assistance systems (ADAS) and electronic control units (ECU).

Market Restraints
High cost of pressure transducers compared to conventional sensors is a major challenge especially for cost-sensitive applications and price-conscious customers. Design complexities also limit the usage of pressure transducers in certain point-of-care medical diagnostic devices.

Segment Analysis
The pressure transducer market can be segmented based on product type, technology, application, and region. Based on product type, the absolute pressure transducers segment dominated the market in 2024 due to higher usage in medical, automotive, oil & gas and industrial applications. These devices are capable of measuring pressures relative to absolute zero pressure. Based on technology, strain gauge pressure transducers dominated as these devices provide high accuracy, response time, and durability at low cost.

Global Analysis
Regionally, Asia Pacific dominated the global market in 2024 attributed to increasing adoption of pressure transducers in manufacturing, automotive, and oil & gas industries in China, India, and other emerging countries.

North America is expected to grow at a significant rate during the forecast period. The increasing usage of pressure transducers in medical devices and automotive industries will augment the regional market. Europe holds a substantial share in the global market and is anticipated to maintain its lead over the forecast timeframe due to rising demand from chemical, food & beverages, and automotive industries in Germany, U.K, and Italy.

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What Are The Key Data Covered In This Pressure Transducer Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Pressure Transducer's growth between 2024 and 2031.

:- Accurate calculation of the size of the Pressure Transducer and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Pressure Transducer Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Pressure Transducer vendors

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

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