Global Piezoelectric Pressure Sensors Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Piezo pressure sensors are widely used in applications for their durability and precise measurement of pressure changes using the piezo effect. The growing trend in the market shows an increasing use of these sensors, in gadgets and smart home setups.
Market Key Insights
- The Piezoelectric Pressure Sensors market is projected to grow from $2.9 billion in 2024 to $5.6 billion in 2034. This represents a CAGR of 6.9%, reflecting rising demand across Industrial Process Monitoring, Healthcare and Biomedical and Automotive Industry.
- PCB Piezotronics, Honeywell International Inc, Kistler Instrumente AG are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Piezoelectric Pressure Sensors market and are expected to observe the growth CAGR of 4.5% to 6.6% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 7.9% to 9.5%.
- Transition like Smart Technology Integration is expected to add $400.0 million to the Piezoelectric Pressure Sensors market growth by 2030
- The Piezoelectric Pressure Sensors market is set to add $2.7 billion between 2024 and 2034, with manufacturer targeting Medical & Industrial & Manufacturing Application projected to gain a larger market share.
- With Rising demand in automotive industry, and Advanced healthcare applications, Piezoelectric Pressure Sensors market to expand 95% between 2024 and 2034.
Opportunities in the Piezoelectric Pressure Sensors
Piezo pressure sensors are increasingly being utilized in the healthcare industry well.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Demand in Automotive Industry, and Integration in Smart Devices
The increasing usage of Piezo Pressure Sensors in the field is also a significant factor influencing the market growth in healthcare industries since these sensors play a vital role in tasks ranging from monitoring blood pressure to measuring intracranial pressure accurately and promptly essential for critical care and surgical interventions which boosts their popularity, in the healthcare sector.
Restraint: High Manufacturing Cost
Opportunity: Enhanced Automotive Applications and Smart City Infrastructure Development
The increasing adoption of cities is significantly fueling the need for advanced sensor technologies like piezoelectric pressure sensors in various applications such as traffic management systems as well as waste management and water distribution setups, in urban areas worldwide to streamline operations efficiently and effectively support city infrastructure development efforts.
Challenge: Technical Limitations
Supply Chain Landscape
Murata
Arkema Group
TE Connectivity
Honeywell
Panasonic
Siemens
Automotive industry
Healthcare sector
Oil and gas industry
Murata
Arkema Group
TE Connectivity
Honeywell
Panasonic
Siemens
Automotive industry
Healthcare sector
Oil and gas industry