North America Pressure Sensors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Pressure Sensors Market Analysis
The North American pressure sensor market is expected to grow at a CAGR of 9.1% during the period 2021-2026. The market is expected to witness steady growth during this period with the ongoing industrial restorations and activities.
- Owing to numerous applications across various industries, such as aerospace, automotive, healthcare, consumer goods, etc., pressure sensors have witnessed significant growth over the years. This can be attributed to the evolution of measurement technologies, as pressure and level measuring devices have become as diverse as their areas of application, ranging from laboratory applications, plant and mechanical engineering to process technology.
- Though MEMS (micro-electro-mechanical systems) have been in the market for a long time, the most prominent trend in the pressure measurement industry over the past few years has been a drive toward smaller parts, increased accuracy, and improved reliability. This has triggered the growth of MEMS-based pressure sensors, as manufacturers leverage advances in microprocessor technology to introduce key improvements in the area of pressure measurement.
- The growth in IoT connected devices is projected to fuel the growth of the market studied, as pressure sensors are transforming the development of smart homes and buildings, smart cities, and smart factories.
- Covid-19 pandemic had an adverse impact on the industry as most of the businesses activities and upgradation projects were put on hold to contain the spread of the virus. However, the market has witnessed a comeback in early 2021 and is expected to grow henceforth.
North America Pressure Sensors Market Trends
This section covers the major market trends shaping the North America Pressure Sensors Market according to our research experts:
Automotive Industry to Show Significant Growth
- The automotive sector accounted for the largest market share by application type, owing to several applications of pressure sensors in automobiles and in the automotive industry. The appropriate automotive pressure sensor can deliver cost-effective reliability and long operational life, whether the application is in the engine, tire, or passenger compartment.
- The demand for the type of sensor depends on the location of installation. If TMPS is located inside of the rims, they are often equipped with wireless power systems enabled by magnetic induction, as these sensors are hard to reach for battery replacement activities once installed.
- Further, evaporative emissions are being subjected to more stringent regulations, especially in North America and Europe. With up to 20% of global hydrocarbon emissions occurring from vehicles, there is a considerable challenge for automotive manufacturers to develop more efficient EVAP systems, triggering research and development activities for better vapor pressure sensors.
- However, in recent times, innovations in windshield wiping technology are increasingly opening up new opportunities to the pressure sensors market. Mercedes has adopted a new windshield wiping technology called Magic Vision Control in its S and SL class vehicles, which washer into wiper.
United States to Hold the Highest Market Share
- North America is dominating the global pressure sensor market and is estimated to grow significantly over the forecast period.
- The region also has the highest adoption of automation and smart devices in almost every industry. Owing to a high rate of automation, the region is a dominating market for smart homes and smart offices. In comparison to the world, the region has also witnessed the highest adoption of IT in the healthcare industry.
- According to the American Automotive Policy Council, automakers and their suppliers are America’s largest manufacturing sector, responsible for 3% of America’s GDP. They are also America’s largest exporters and have exported more than USD 690 billion in vehicles and parts over the last five years, approximately USD 76 billion more than the next largest exporter, i.e., aerospace.
- The researchers at Harvard University have developed a platform for creating soft robots with embedded advanced pressure sensors that can sense movement, pressure, touch, and even temperature.
- Governmental regulations in the region to ensure passenger safety in the automobile sector are expected to be a significant growth factor for the pressure sensor market. For instance, the US government passed the TREAD Act to mandate the installation of the Tire Pressure Monitoring System (TPMS) in all types of automobiles so that drivers can be cautious about the under-inflation of automobiles within 20 minutes of its detection.
North America Pressure Sensors Industry Overview
The North American Pressure Sensor market is partially fragmented and consists of several players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many companies are increasing their market presence by securing new contracts and tapping new markets.
- September 2021 - TDK Corporation (TSE: 6762) announces the worldwide availability of the InvenSense ICP-20100 platform, a new generation, feature-rich barometric pressure sensor ideal for applications in smartphones, tablets, drones, and smart home appliances. With architectural innovations, ICP-20100 improves on the industry-leading accuracy, long-term drift, and temperature stability of the SmartPressure product family.
- February 2021 - North Carolina State University researchers reported on the lightweight, soft textile-based sensor prototype patch. The device incorporates a lattice of conductive yarns and is connected to a tiny computer. They tested the system on a prosthetic limb and in walking experiments with two human volunteers, finding the system could reliably track pressure changes in real-time.
North America Pressure Sensors Market Leaders
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ABB LIMITED
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BOSCH SENSORTEC GMBH
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GE MEASUREMENT & CONTROL
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HONEYWELL INTERNATIONAL INC.
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SCHNEIDER ELECTRIC SE
*Disclaimer: Major Players sorted in no particular order
North America Pressure Sensors Market News
- March 2021 - Frost and Sullivan recognize XSENSOR Technology Corporation with the 2021 North America Technology Innovation Leadership Award. Its Intelligent Dynamic Sensing platform enables precise measurements, high-quality visualizations, smart data, and artificial intelligence (AI)-powered analysis to optimize product performance, comfort, and safety. The patented technology employs high accuracy and reliability sensor elements to reveal the pressure distribution data between static and dynamic surfaces.
North America Pressure Sensors Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Assessment of Impact of COVID-19 on the Industry
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4.3 Market Drivers
- 4.3.1 Growth Of End-user Verticals, such as Automotive and Healthcare
- 4.3.2 Increasing Adoption of MEMS and NEMS Systems in the Industry
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4.4 Market Restraints
- 4.4.1 High Costs Associated with Sensing Products
- 4.5 Industry Value Chain Analysis
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4.6 Industry Attractiveness - Porter's Five Force Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Application
- 5.1.1 Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)
- 5.1.2 Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)
- 5.1.3 Consumer Electronics
- 5.1.4 Industrial
- 5.1.5 Aerospace and Defence
- 5.1.6 Food and Beverage
- 5.1.7 HVAC
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5.2 By Country
- 5.2.1 United States
- 5.2.2 Canada
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 ABB Ltd
- 6.1.2 All Sensors Corporation
- 6.1.3 Bosch Sensortec GmbH
- 6.1.4 Endress+Hauser AG
- 6.1.5 GMS Instruments BV
- 6.1.6 Honeywell International Inc.
- 6.1.7 Invensys Ltd
- 6.1.8 Kistler Group
- 6.1.9 Rockwell Automation Inc.
- 6.1.10 Rosemount Inc. (Emerson Electric Company)
- 6.1.11 Sensata Technologies Inc.
- 6.1.12 Siemens AG
- 6.1.13 Yokogawa Corporation
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
** Subject To AvailablityNorth America Pressure Sensors Industry Segmentation
The pressure sensor detects, measures, and transmits the information, which helps analyze the performance of a device. Pressure sensors are used in numerous applications, which include medical, automotive, industrial, aerospace and defense, consumer electronics, food and beverage, HVAC, etc.
The market also covers the qualitative and quantitive performance of pressure sensors in the region. It also covers the study of the impact of COVID-19 in the market.
| By Application | Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others) |
| Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others) | |
| Consumer Electronics | |
| Industrial | |
| Aerospace and Defence | |
| Food and Beverage | |
| HVAC | |
| By Country | United States |
| Canada |
North America Pressure Sensors Market Research FAQs
What is the current NA Pressure Sensors Market size?
The NA Pressure Sensors Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)
Who are the key players in NA Pressure Sensors Market?
ABB LIMITED , BOSCH SENSORTEC GMBH , GE MEASUREMENT & CONTROL , HONEYWELL INTERNATIONAL INC. and SCHNEIDER ELECTRIC SE are the major companies operating in the NA Pressure Sensors Market.
What years does this NA Pressure Sensors Market cover?
The report covers the NA Pressure Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the NA Pressure Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
NA Pressure Sensors Industry Report
Statistics for the 2024 NA Pressure Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NA Pressure Sensors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
