Global Strain Gauge Pressure Sensors Market Outlook
Revenue, 2024
$3.7B
Forecast, 2034
$6.4B
CAGR, 2025 - 2034
5.5%
The Strain Gauge Pressure Sensors industry revenue is expected to be around $3.9 billion in 2025 and expected to showcase growth with 5.5% CAGR between 2025 and 2034. The broad use of these sensors in sectors like healthcare as well, as environmental solutions has made them a common presence and highlights their importance in today's industrial landscape.
Strain Gauge Pressure Sensors are tools that transform pressures mechanical force into a detectable electrical signal known for their exact precision and versatility in measuring resistive pressure effectively The current market is witnessing significant progress in miniaturization and wireless features, with the IOT (IoT) integration viewed as the upcoming frontier.
Market Key Insights
- The Strain Gauge Pressure Sensors market is projected to grow from $3.7 billion in 2024 to $6.4 billion in 2034. This represents a CAGR of 5.5%, reflecting rising demand across Industrial Monitoring, Vehicle Testing and Healthcare Equipment.
- Honeywell, Kavlico Corporation, OMEGA Engineering Inc are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Strain Gauge Pressure Sensors market and are expected to observe the growth CAGR of 3.6% to 5.3% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 6.3% to 7.6%.
- Transition like Shift Towards MEMS Technology has greater influence in United States and Germany market's value chain; and is expected to add $115 million of additional value to Strain Gauge Pressure Sensors industry revenue by 2030.
- The Strain Gauge Pressure Sensors market is set to add $2.6 billion between 2024 and 2034, with manufacturer targeting Oil & Gas & Industrial Machinery Application projected to gain a larger market share.
- With Increasing industrial automation, and Growing demand in the automotive sector, Strain Gauge Pressure Sensors market to expand 71% between 2024 and 2034.
Opportunities in the Strain Gauge Pressure Sensors
The rise of the IOT and automation has also ushered in an era where machines interact with each other at unprecedented levels.
Growth Opportunities in North America and Europe
The Strain Gauge Pressure Sensors market has experienced growth thanks to significant technological advancements and the presence of key industry players. Continuous innovation in this sector and its widespread use in logistics sectors present promising market opportunities. Neverthelessonetheless on the hand there are some potential risks due to intense competition, in the market.
The Strain Gauge Pressure Sensors market is steadily expanding thanks to the rise in the transportation and energy industries in the region with potential due to the focus, on energy efficiency and reducing emissions significantly; however competition is fierce as companies must innovate constantly to maintain a competitive edge.
Market Dynamics and Supply Chain
01
Driver: Increasing Industrial Automation, and Advancements in Microelectromechanical Systems Technology
The increasing use of automation worldwide plays a crucial role in driving the market for strain gauge pressure sensors. These sensors are also vital for automated operations since they offer information about pressure fluctuations, in machinery that enhance safety and operational efficiency. Advancements in technology play a key role in driving the need for strain gauge pressure sensors as they lead to smaller sizes and improved performance while also making these sensors more affordable for use, in diverse industries.
Theindustry'sneed for enhanced safety features and improved fuel efficiency is also driving the expansion of the strain gauge pressure sensors market The utilization of these sensors is also varied across applications, like monitoring tire pressure fuel injection systems and measuring brake fluid pressure.
02
Restraint: Technological Challenges
One of the major challenges impeding the growth of the strain gauge pressure sensors market is the increasing technological complexity. These sensors, particularly the ones used for high precision applications are highly intricate and sophisticated, requiring a thorough understanding of their operational principles and maintenance requirements. This may restrain potential customers, especially in markets where there is a lack of skilled technical labor, from adopting these sensors.
03
Opportunity: Automotive Sector Revolution and Biomedical Implantations
The expansion of the auto industry and the rising integration of sensors in cars to enhance performance and safety create an opening for the strain gauge pressure sensors market. Contemporary vehicles come equipped with strain gauge pressure sensors for tasks such as monitoring tire pressure and sensing brake fluid and engine oil pressures. Additionally plan to ramp up demand, with the rise of self driving cars and electric vehicles.
Strain gauge pressure sensors are increasingly getting recognized for their potential in biomedical applications, particularly in implantable devices. The ability of these sensors to accurately measure physiological parameters, coupled with their miniaturized size, makes them suitable for integration into medical implants. Such applications range from heart monitors to insulin pumps, becoming a key part of personalized healthcare solutions.
04
Challenge: Elevated Costs Associated with Maintenance and Replacements
Pressure sensors that utilize strain gauges are delicate and susceptible to damage over time as they are continuously subjected to a range of pressures leading to the need, for upkeep and eventual replacement, which can increase the overall expenses linked with these sensors.
Supply Chain Landscape
1
Raw Material Suppliers
OmronTE Connectivity
2
Component Fabrication
VPGHoneywell
3
Assembly & Testing
HoneywellBosch
4
Product Distribution & End Users
Texas InstrumentsNXP Semiconductors
1
Raw Material Suppliers
OmronTE Connectivity
2
Component Fabrication
VPGHoneywell
3
Assembly & Testing
HoneywellBosch
4
Product Distribution & End Users
Texas InstrumentsNXP Semiconductors
Use Cases of Strain Gauge Pressure Sensors in Industrial Monitoring & Vehicle Testing
Industrial Monitoring : In industrial monitoring applications like those in the oil and gas industry and power plants or waste management sectors; Strain Gauge Pressure Sensors play a role by detecting and measuring pressure conditions accurately and efficiently to ensure safety and operational effectiveness are maintained at a high level. Honeywell is well regarded as a player in providing these sensors for such critical applications due, to their precision and ability to collect real time data effectively.
Vehicle Testing : Car makers and testers rely on these sensors to gauge pressure levels in components like brakes and engines under conditions like high pressure and temperature settings, for precise data that enhances safety and performance in the automotive sector significantly; a major industry player harnesses this technology is TE Connectivity.
Healthcare Equipment : In the field of healthcare sensors play a role in tracking important vital signs such as blood pressure and breathing patterns. They provide benefits such as intrusive monitoring, precise measurements and consistent data collection. One prominent player, in this sector is Medtronic, known for its use of Strain Gauge Pressure Sensors.
Recent Developments
Pressure sensors using strain gauge technology play a role in measuring pressure across industries such as automotive and healthcare are incorporating the latest advancements both in technology and market trends significantly lately. The growth of the market is primarily driven by advancements in sensor technologies and the increasing demand for various applications. A notable trend in the market is the move towards making sensors smaller, in size.
December 2024 : Siemens Corporation has launched strain gauge pressure sensors that offer improved sensitivity and quick data transmission capabilities to boost their market reach.
October 2024 : Honeywell International Inc introduced a range of strain gauge pressure sensors designed specifically for the aerospace sector to expand their presence, in different market sectors.
August 2024 : ABB Ltd has created a pressure sensor using AI technology to boost precision and minimize downtime in operations.
Impact of Industry Transitions on the Strain Gauge Pressure Sensors Market
As a core segment of the S&E Technology industry,
the Strain Gauge Pressure Sensors market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards MEMS Technology and IOT Integration have redefined priorities
across the S&E Technology sector,
influencing how the Strain Gauge Pressure Sensors market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards MEMS Technology
The Strain Gauge Pressure Sensors market is going through a change because of the use of Micro Electro Mechanical Systems technology which allows for the production of small and lightweight sensors that are more efficient overall. This advancement is making sensors used in devices, like HVAC systems and aircraft more energy efficient as well as improving implantable medical devices. The shift towards making things smaller continues to impact the creation of inventive products opening up fresh opportunities, for the use of strain gauge pressure sensors. This industry transition is expected to add $115 million in the industry revenue between 2024 and 2030.
02
IOT Integration
The market is also being influenced by the increasing prevalence of technology.