The global ≤ 5 mm² pressure sensor market size was estimated at USD 1.17 billion in 2023 and is expected to grow at a CAGR of 6.5% from 2024 to 2030. Mobile devices such as smartphones and tablets are increasing worldwide across all age groups. The adoption of smartphones has increased significantly in emerging economies, such as Brazil, Mexico, and India, coinciding with the continued rollout of high-speed mobile data networks. India is experiencing a high smartphone penetration rate due to the increasing adoption of budget smartphones among the middle-class and lower-middle-class income groups. According to Ericsson Mobility Report, worldwide mobile subscriptions reached 8.46 billion in 2023. Smartphone subscriptions stood at 6.62 billion in 2022, growing to 6.97 billion in 2023.
Pressure sensors are essential for improving the overall functionality of smartphones and tablets. These sensors are used in various applications, such as barometric pressure measurement, which enables altitude determination. This capability is particularly useful in navigation apps, where altitude data can provide more accurate location tracking in activities such as hiking, climbing, or even urban navigation, where elevation changes may impact route planning. In addition, barometric pressure sensors can be used for weather forecasting, giving users insights into potential weather changes based on atmospheric pressure variations.
The growing demand for thinner and lighter smartphones and tablets presents the need for internal components with smaller form factors that do not compromise performance. This demand for miniaturization is particularly important for pressure sensors, which must fit into increasingly limited spaces while maintaining accuracy and reliability. Pressure sensors ≤ 5 mm² are ideally suited for this purpose, as they can be integrated into the tight confines of modern mobile devices. Their small size also allows for more flexible placement within the device, enabling manufacturers to optimize internal layouts and accommodate critical components such as batteries and cameras.
In addition, the constant rise in the number of minimally invasive medical procedures globally is a key factor driving the market. Pressure sensors ≤ 5 mm² are crucial components in microcatheters and implantable medical devices, enabling the precise monitoring of physiological parameters within the body. Microcatheters are tiny, flexible tubes used in minimally invasive medical procedures to navigate the body's vascular system or other small, intricate pathways. Integrating pressure sensors within these microcatheters allows for real-time internal pressure monitoring, vital for diagnostic and therapeutic purposes.
Moreover, pressure sensors within microcatheters can also assist in guiding the catheter through the body. By detecting pressure changes as the catheter moves through different anatomical regions, these sensors can help navigate tight or complex areas, such as the coronary arteries. It ensures that the catheter reaches the target site safely and efficiently, minimizing the risk of complications.
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Pressure sensors are essential for improving the overall functionality of smartphones and tablets. These sensors are used in various applications, such as barometric pressure measurement, which enables altitude determination. This capability is particularly useful in navigation apps, where altitude data can provide more accurate location tracking in activities such as hiking, climbing, or even urban navigation, where elevation changes may impact route planning. In addition, barometric pressure sensors can be used for weather forecasting, giving users insights into potential weather changes based on atmospheric pressure variations.
The growing demand for thinner and lighter smartphones and tablets presents the need for internal components with smaller form factors that do not compromise performance. This demand for miniaturization is particularly important for pressure sensors, which must fit into increasingly limited spaces while maintaining accuracy and reliability. Pressure sensors ≤ 5 mm² are ideally suited for this purpose, as they can be integrated into the tight confines of modern mobile devices. Their small size also allows for more flexible placement within the device, enabling manufacturers to optimize internal layouts and accommodate critical components such as batteries and cameras.
In addition, the constant rise in the number of minimally invasive medical procedures globally is a key factor driving the market. Pressure sensors ≤ 5 mm² are crucial components in microcatheters and implantable medical devices, enabling the precise monitoring of physiological parameters within the body. Microcatheters are tiny, flexible tubes used in minimally invasive medical procedures to navigate the body's vascular system or other small, intricate pathways. Integrating pressure sensors within these microcatheters allows for real-time internal pressure monitoring, vital for diagnostic and therapeutic purposes.
Moreover, pressure sensors within microcatheters can also assist in guiding the catheter through the body. By detecting pressure changes as the catheter moves through different anatomical regions, these sensors can help navigate tight or complex areas, such as the coronary arteries. It ensures that the catheter reaches the target site safely and efficiently, minimizing the risk of complications.
Global ≤ 5 mm² Pressure Sensor Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the global ≤ 5 mm² pressure sensor market report based on product, type, technology, application, and region.Product Outlook (Revenue, USD Million, 2018 - 2030)
- Absolute Pressure Sensor
- Differential Pressure Sensor
- Gauge Pressure Sensor
Type Outlook (Revenue, USD Million, 2018 - 2030)
- Wired
- Wireless
Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Piezoresistive
- Capacitive
- Resonant Solid State
- Others
Application Outlook (Revenue, USD Million, 2018 - 2030)
- Automotive
- Oil & Gas
- Consumer Electronics
- Medical
- Industrial
- Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- UAE
- Kingdom of Saudi Arabia
- South Africa
The leading players in the Less Than Or Equal to 5 Mm² Pressure Sensor market include:
- Robert Bosch GmbH
- STMicroelectronics
- TDK Corporation
- NXP Semiconductors
- ALPS ALPINE CO., LTD
- Althen Sensors and Controls
- Phoenix Sensors
- Goertek.
- ROHM Co., Ltd
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. = 5 mm² Pressure Sensor Market: Product Estimates & Trend Analysis
Chapter 5. = 5 mm² Pressure Sensor Market: Type Estimates & Trend Analysis
Chapter 6. = 5 mm² Pressure Sensor Market: Technology Estimates & Trend Analysis
Chapter 7. = 5 mm² Pressure Sensor Market: Application Estimates & Trend Analysis
Chapter 8. = 5 mm² Pressure Sensor Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The leading players in the Less Than Or Equal to 5 Mm² Pressure Sensor market include:- Robert Bosch GmbH
- STMicroelectronics
- TDK Corporation
- NXP Semiconductors
- ALPS ALPINE CO., LTD
- Althen Sensors and Controls
- Phoenix Sensors
- Goertek.
- ROHM Co., Ltd
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.17 Billion |
| Forecasted Market Value ( USD | $ 1.79 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
