APAC Pressure Sensors Market Size (2024 - 2029)

The Asia Pacific pressure sensors market is poised for significant growth, driven by the increasing demand in sectors such as smartphones, automotive, and smart devices. This region, being a leader in electrical and electronics manufacturing, holds a substantial portion of the global market share, with countries like China and Taiwan at the forefront of MEMS technology production. The automotive industry, particularly in China, presents substantial growth opportunities due to the rise of connected cars and stringent safety regulations. Despite the setbacks caused by the pandemic, which led to reduced demand and production in key sectors, the market's potential remains robust over the forecast period.

Market Size of APAC Pressure Sensors Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Asia Pacific Pressure Sensors Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 10.30 %
Market Concentration Medium

Major Players

Asia Pacific Pressure Sensors Market Companies

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

APAC Pressure Sensors Market Analysis

The Asia Pacific Pressure sensor market is expected to register a CAGR of 10.3% during the period 2021-2026. The market is expected to grow in the studied region due to rapid sales of smartphones, automotive and smart devices in manufacturing, and smart home devices.

  • Asia-Pacific is the largest region in the electrical and electronics manufacturing market, accounting for more than 50% of the global market share. The region is also a significant vendor of MEMS technologies, especially in China and Taiwan.
  • On the other hand, China is the world's largest car market and the world's largest production site for cars, including electric cars, with much growth potential. There are 27 automotive manufacturing and assembly plants in Malaysia.
  • As these industries account for a significant portion of the pressure sensor market, hence the region offers an excellent opportunity over the forecast period. The growing concept of connected cars and China's regulations regarding automotive safety are also expected to drive the adoption of MEMS pressure sensors.
  • The pandemic had a negative impact on the market as the market witnessed a decrease in demand for smartphones and less production of vehicles in the automotive industry. Most of the factories were discontinued, and many factory automation projects were put on hold. Such instances had a negative impact on the market.

APAC Pressure Sensors Industry Segmentation

The pressure sensor detects, measures, and transmits the information, which helps analyze the performance of a device. It uses IC fabrication technology made on silicon wafers, monitors and controls the pressure of gases and liquids, and measures different pressures, such as absolute, vacuum, gauge, and differential pressure. Pressure sensors are used in numerous applications, which include medical, automotive, industrial, aerospace and defense, consumer electronics, food and beverage, HVAC, etc.

The study covers the qualitative and quantitative aspects of the market segmented by region and also mitigates the risks associated with the COVID-19 impact.

By Application
Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)
Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)
Consumer Electronics
Industrial
Aerospace and Defence
Food and Beverage
HVAC
By Country
China
India
Japan
South Korea
Rest of Asia Pacific
Need A Different Region Or Segment?
Customize Now

APAC Pressure Sensors Market Size Summary

The Asia Pacific pressure sensors market is poised for significant growth, driven by the rapid expansion of industries such as smartphones, automotive, and smart devices. As the largest region in the electrical and electronics manufacturing sector, Asia Pacific holds a substantial share of the global market, with countries like China and Taiwan leading in MEMS technology production. The automotive industry, particularly in China, presents a lucrative opportunity for pressure sensors due to the country's status as the largest car market and production hub. The increasing adoption of connected cars and stringent automotive safety regulations are expected to further propel the demand for MEMS pressure sensors. However, the market faced challenges during the pandemic, with decreased demand for smartphones and reduced vehicle production impacting market growth.

In addition to the automotive sector, the medical industry is anticipated to hold a significant share of the pressure sensors market, with applications in devices such as ventilators, blood pressure monitors, and drug delivery systems. Companies like Honeywell are at the forefront, offering advanced pressure sensing solutions that enhance the accuracy and efficiency of medical devices. The market is moderately fragmented, with major players like SensatA Technologies, Bosch Sensortec, and Siemens AG dominating the landscape. These companies are leveraging innovative technologies to expand their market presence and secure new contracts. Recent developments, such as the introduction of differential pressure sensors by MS Motorservice International GmbH and the creation of health-monitoring optical fiber sensors by Hong Kong Polytechnic University, highlight the ongoing advancements and opportunities within the Asia Pacific pressure sensors market.

Explore More

APAC Pressure Sensors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Assessment of Impact of COVID-19 on the Industry

    3. 1.3 Market Drivers

      1. 1.3.1 Growth Of End-user Verticals, such as Automotive and Healthcare

      2. 1.3.2 Increasing Adoption of MEMS and NEMS Systems in the Industry

    4. 1.4 Market Restraints

      1. 1.4.1 High Costs Associated with Sensing Products

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)

      2. 2.1.2 Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)

      3. 2.1.3 Consumer Electronics

      4. 2.1.4 Industrial

      5. 2.1.5 Aerospace and Defence

      6. 2.1.6 Food and Beverage

      7. 2.1.7 HVAC

    2. 2.2 By Country

      1. 2.2.1 China

      2. 2.2.2 India

      3. 2.2.3 Japan

      4. 2.2.4 South Korea

      5. 2.2.5 Rest of Asia Pacific

APAC Pressure Sensors Market Size FAQs

The APAC Pressure Sensors Market is projected to register a CAGR of 10.30% during the forecast period (2024-2029)

SensatA Technologies , Honeywell International Inc., Bosch Sensortec GmbH, ABB Ltd. and Siemens AG are the major companies operating in the APAC Pressure Sensors Market.

Asia Pacific Pressure Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)