Pressure Sensor Market Poised for 6.4% CAGR Growth to $18.6B by 2031
Event summary
- Global pressure sensor market projected to grow from $12.8B in 2025 to $18.6B by 2031, a 6.4% CAGR.
- STMicroelectronics acquired NXP Semiconductors' MEMS sensors business for up to $950M in H1 2026.
- Honeywell introduced the 13MM Pressure Sensor in September 2025 for cleanroom environments.
- Piezoresistive technology held the largest market share in 2025, driven by automotive and industrial applications.
- Asia-Pacific region expected to exhibit the fastest growth rate due to industrialization and electronics manufacturing.
The big picture
The pressure sensor market is being reshaped by advancements in MEMS technology and the growing adoption of industrial automation and IoT devices. The strategic acquisitions and product innovations, such as Honeywell's 13MM Pressure Sensor and STMicroelectronics' acquisition of NXP's MEMS business, highlight the industry's focus on enhancing sensor capabilities and expanding market reach. The Asia-Pacific region's rapid growth underscores the global shift towards industrialization and electronics manufacturing.
What we're watching
- Technological Advancements
- The pace at which MEMS technology and wireless connectivity enhance pressure sensor performance and cost efficiency.
- Regulatory Impact
- Whether stringent safety and emission regulations will continue to drive adoption of advanced pressure sensing technologies.
- Market Competition
- How pricing competition and commoditization of standard pressure sensors will affect profitability.
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