Saudi Arabia Pressure Sensor Market
Saudi Arabia Pressure Sensor Market - By Function (Pressure Sensing, Altitude Sensing, Flow Sensing, Depth Sensing, Temperature Sensing); By Product (Absolute Pressure Sensors, Differential Pressure Sensors, Gauge Pressure Sensors); By Sensor Type (Wired, Wireless); By Technology (Piezoresistive, Electromagnetic, Capacitive, Resonant Solid-State, Optical); By End Use (Automotive On-Vehicle, Medical Devices, Process Control Solutions, HVAC Systems), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: February 2023
- Report ID: BWC23124
- Available Format: PDF
- Page: 200
Report Overview
An increasing demand for energy-efficient pressure sensors and stringent regulations for automotives are projected to propel the expansion of Saudi Arabia pressure sensor market during the forecast period between 2023 and 2029.
Saudi Arabia Pressure Sensor Market - Industry Trends & Forecast Report, 2029
Saudi Arabia pressure sensor market size was estimated at USD 267.36 million in 2022. During the forecast period between 2023 and 2029, the size of Saudi Arabia pressure sensor market is projected to grow at CAGR of 6.91% reaching a value of USD 424.5 million by 2029. Major growth drivers for Saudi Arabia pressure sensor market include increasing stringent government rules for automotive safety, increase in consumer electronics, and rising demand for micro electromechanical systems (MEMS) technology. Pressure sensors are becoming increasingly used in a variety of industries, including alarm systems, water purifiers, medical breathing appliances, refrigeration systems, and off-road structures. Also, as consumers shift toward more automation-based solutions and services, there is a greater emphasis on IoT-based devices due to their innovative and advanced uses. Pressure sensors are in high demand due to their increasing application in domestic appliances such as refrigerators and washing machines. Numerous pressure sensor manufacturers are likewise concentrating on developing unique solutions that will improve the consumer experience. Likewise, rising military spending across the globe is paving the way for technology like as drones and unmanned aerial vehicles (UAVs). Such aspects are expected to fuel the expansion of overall market during the forecast period.
Saudi Arabia Pressure Sensor Market – Overview
A pressure sensor is a device that monitors and converts liquid and gas pressure into signals. Signals are typically electrical, but they can also be optical, optic, or aural. The force necessary to keep a fluid from expanding is known as pressure, and it is often expressed in force per unit area. A pressure sensor is commonly employed as a transducer, creating a signal in response to applied pressure. Pressure sensors are used to monitor a variety of electronic equipment, including programmable controllers, microprocessors, and computers. Pressure sensors are affected by technology, design, performance, applications, and pricing. The most common units for measuring pressure are Pascal (Pa), Bar (bar), N/mm2, or psi (pounds per square inch). Absolute pressure sensors, gauge pressure sensors, sealed gauge pressure sensors, and differential pressure sensors are some of the pressure sensors on the market today. Pressure sensors are classified based on the pressure ranges they detect, the operational temperature ranges they operate at, and, most importantly, the sort of pressure they monitor. Micro-electro-mechanical systems (MEMS) technology breakthroughs, as well as increased use of this technology in connected devices, are driving market expansion.
Saudi Arabia Pressure Sensor Market
Growth Drivers
Increasing Adoption of Technology Advancements
The growing use of IoT (Internet of things) solutions is a major element driving the global growth of the pressure sensor market. Pressure sensors are being employed to develop smart houses as well as other wearable devices such as smartwatches and biosensors that let users measure their health state, such as bpm and oxygen levels. Furthermore, as industrialization and technological advancements accelerate, pressure sensors are being developed using micro-electro-mechanical systems (MEMS) and nano-electro-mechanical systems (NEMS), making them suitable for biomedical applications and wireless communication solutions, among others. Furthermore, pressure sensors are widely employed in the automotive industry, where they aid in the deployment of passenger safety applications such as tire pressure monitoring systems (TPMS) and advanced driver assistance systems (ADAS).
Restraints
Significant Pricing Pressure
Sensors aid boost automation in electronic systems; nevertheless, they come at an extra expense, thus they are avoided in cost-effective applications. The incorporation of sensors enables new functionality and makes systems more automated; yet it incurs some additional expense and is thus avoided in cost-effective applications. In devices, which are continuously used for a prolonged duration, such as smart phones, laptops, and cameras, these sensors create heating issues and reduces their overall life as these devices have components, which are temperature sensitive. Sensors and devices that use batteries as their power source limit battery life because they rely on the device battery for operation.
Hence such factors are anticipated to impede the overall market expansion.
Impact of COVID-19 on Saudi Arabia Pressure Sensor Market
COVID-19 had a detrimental impact on the pressure sensor market by reducing demand from the industrial, automotive, and consumer electronics industries. Lockdowns enacted by numerous countries suspended corporate operations, hindered or temporarily stopped the transfer of completed goods and raw materials, and impacted automobile supply chain activity. On the contrary, because pressure sensor manufacturing required employees to be physically present on-site, manufacturing facilities began to recuperate and resume operations. Furthermore, pressure sensors are in high demand in the healthcare business, where they are being used in invasive medical applications such as blood pressure monitoring, accelerating the need for high-accuracy, low-cost pressure sensors.
Saudi Arabia Pressure Sensor Market
Segmental Coverage
Saudi Arabia Pressure Sensor Market – By Function
By function, Saudi Arabia pressure sensor market is segmented Pressure Sensing, Altitude Sensing, Flow Sensing, Depth Sensing, and Temperature Sensing.
Saudi Arabia Pressure Sensor Market – By Product
Based on product, Saudi Arabia pressure sensor market is divided into Absolute Pressure Sensors, Differential Pressure Sensors, and Gauge Pressure Sensors segments. The absolute pressure held the highest market share in 2022. The increasing demand for error-free engine functionality in the manufacture of safe and secure automobiles is a crucial element driving the segment's growth. Furthermore, the growing demand for these absolute pressure sensors for vacuum packing of medical products in a clean environment propels the segment forward. An absolute pressure sensor is a closed system that generates pressure readings that are unaffected by ambient pressure by reference a perfect vacuum. Absolute pressure sensors are employed in applications where industrial, high-performance vacuum pumps must be monitored. The differential pressure sensor segment is expected to dominate at the fastest rate. Differential pressure sensors are used in industrial settings to determine the flow of liquids and gases using a pressure differential. Several differential pressure sensor vendors are forming alliances with other companies to acquire technical support for a wide range of industrial applications.
Saudi Arabia Pressure Sensor Market – By Sensor Type
Based on sensor type, Saudi Arabia pressure sensor market is bifurcated into Wired and Wireless segments. The wired segment held a higher market share in 2022. Wired pressure sensors are available in a variety of technologies, including photoelectric, capacitive, and inductive. The rising demand for wired pressure sensors in industrial, automotive, and other sectors is expected to drive the growth of the wired pressure sensors segment during the forecast period due to their lower radio frequency interference, smaller size, compatibility between manufacturers, and lower cost installation properties. A wired pressure sensor's lower power consumption contributes to the segment's growth. The wireless segment is expected to hold the highest market share. Wireless pressure sensors' advantages, such as mobility, increased safety, and cost-effectiveness, are likely to boost the segment's expansion. During the forecast period, the increased use of wireless pressure sensors in applications such as consumer products, industrial automation & manufacturing, air compressor monitoring, and pool pump systems is likely to drive segment growth. The wireless pressure sensor segment is expanding due to self-contained, wellhead pressure, battery-powered monitoring, and casing pressure monitoring solutions.
Saudi Arabia Pressure Sensor Market – By Technology
Based on technology, Saudi Arabia pressure sensor is segmented into Piezoresistive, Electromagnetic, Capacitive, Resonant Solid-state, and Optical. The optical segment is expected to hold the highest market share during the forecast period Because of its increasing usage and environmental benefits over other technologies. Due to its resilience to interference, optical technology ensures trouble-free operation in electromagnetic interference environments. These sensors are also beneficial in chemical or explosive material applications, propelling the optical technology-based pressure sensor market forward.
Saudi Arabia Pressure Sensor Market – By End Use
Based on end use, Saudi Arabia pressure sensor is segmented into Automotive On- vehicle, Medical Devices, Process Control Solutions, and HVAC Systems.
Competitive Landscape
Major players operating in Saudi Arabia pressure sensor market include AlphaSense, City Technology Ltd., Dynament Ltd., Figaro Engineering Inc., Membrapor AG., Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens AG, and GfG Europe Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Saudi Arabia |
Product/ Service Segmentation |
Function, Product, Sensor Type, Technology, End Use |
Key Players |
AlphaSense, City Technology Ltd., Dynament Ltd., Figaro Engineering Inc., Membrapor AG., Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens AG, GfG Europe Ltd |
By Function
-
Pressure Sensing
-
Altitude Sensing
-
Flow Sensing
-
Depth Sensing
-
Temperature Sensing
By Product
-
Absolute Pressure Sensors
-
Differential Pressure Sensors
-
Gauge Pressure Sensors
By Sensor Type
-
Wired
-
Wireless
By Technology
-
Piezoresistive
-
Electromagnetic
-
Capacitive
-
Resonant Solid-State
-
Optical
By End Use
-
Automotive On-Vehicle
-
Medical Devices
-
Process Control Solutions
-
HVAC Systems
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Pressure Sensor Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Stringent regulations for Automotive
- Increasing Demand for Energy-Efficient Pressure Sensors
- Restraints
- Significant Pricing Pressure
- Opportunities
- Rising Adoption of IOT
- Challenges
- Decline in Demand from Oil and Gas Industry
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Industry Value Chain Analysis
- Saudi Arabia Pressure Sensor Market Overview
- Market Vertical & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Function
- Pressure Sensing
- Altitude Sensing
- Flow Sensing
- Depth Sensing
- Temperature Sensing
- By Product
- Absolute Pressure Sensors
- Differential Pressure Sensors
- Gauge Pressure Sensors
- By Sensor Type
- Wired
- Wireless
- By Technology
- Piezoresistive
- Electromagnetic
- Capacitive
- Resonant Solid-state
- Optical
- Others
- By End Use
- Automotive On-Vehicle
- Medical Devices
- Process Control Solutions
- HVAC Systems
- Others
- By Function
- Market Vertical & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Pressure Sensor Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Saudi Arabia Pressure Sensor Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- AlphaSense
- City Technology Ltd.
- Dynament Ltd.
- Figaro Engineering Inc.
- Membrapor AG.
- Nemoto & Co., Ltd.
- Robert Bosch LLC.
- ABB Ltd.
- Siemens AG.
- GfG Europe Ltd
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Saudi Arabia Pressure Sensor Segmentation
Figure 2 Saudi Arabia Pressure Sensor Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Pressure Sensor Market Size, By Value (USD Million), 2019–2029
Figure 5 Saudi Arabia Pressure Sensor Market Share, By Function, By Value, 2019–2029
Figure 6 Saudi Arabia Pressure Sensor Market Share, By Product, By Value, 2019–2029
Figure 7 Saudi Arabia Pressure Sensor Market Share, By Sensor Type, By Value, 2019–2029
Figure 8 Saudi Arabia Pressure Sensor Market Share, By Technology, By Value, 2019–2029
Figure 9 Saudi Arabia Pressure Sensor Market Share, By End Use, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Pressure Sensor Market Size, By Value (USD Million), 2019–2029
Table 2 Saudi Arabia Pressure Sensor Market Size, By Function, By Value, 2019–2029
Table 3 Saudi Arabia Pressure Sensor Market Size, By Product, By Value, 2019–2029
Table 4 Saudi Arabia Pressure Sensor Market Size, By Sensor Type, By Value, 2019–2029
Table 5 Saudi Arabia Pressure Sensor Market Size, By Technology, By Value, 2019–2029
Table 6 Saudi Arabia Pressure Sensor Market Size, By End Use, By Value, 2019–2029
Table 7 AlphaSense Company Overview
Table 8 AlphaSense Financial Overview
Table 9 City Technology Ltd. Company Overview
Table 10 City Technology Ltd. Financial Overview
Table 11 Dynament Ltd. Company Overview
Table 12 Dynament Ltd. Financial Overview
Table 13 Figaro Engineering Inc. Company Overview
Table 14 Figaro Engineering Inc. Financial Overview
Table 15 Membrapor AG. Company Overview
Table 16 Membrapor AG. Financial Overview
Table 17 Nemoto & Co., Ltd. Company Overview
Table 18 Nemoto & Co., Ltd. Financial Overview
Table 19 Robert Bosch LLC. Company Overview
Table 20 Robert Bosch LLC. Financial Overview
Table 21 ABB Ltd. Company Overview
Table 22 ABB Ltd. Financial Overview
Table 23 Siemens AG. Company Overview
Table 24 Siemens AG. Financial Overview
Table 25 GfG Europe Ltd Company Overview
Table 26 GfG Europe Ltd Financial Overview
Market Segmentation
By Function
-
Pressure Sensing
-
Altitude Sensing
-
Flow Sensing
-
Depth Sensing
-
Temperature Sensing
By Product
-
Absolute Pressure Sensors
-
Differential Pressure Sensors
-
Gauge Pressure Sensors
By Sensor Type
-
Wired
-
Wireless
By Technology
-
Piezoresistive
-
Electromagnetic
-
Capacitive
-
Resonant Solid-State
-
Optical
By End Use
-
Automotive On-Vehicle
-
Medical Devices
-
Process Control Solutions
-
HVAC Systems
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.