US Pressure Sensors Market Size (2024 - 2029)

The United States pressure sensors market is anticipated to experience significant growth, driven by the increasing adoption of automation and smart devices across various industries. The region's leadership in integrating IT within the healthcare sector and the implementation of regulations such as the TREAD Act for automotive safety further contribute to the market's expansion. Additionally, advancements in wireless pressure sensor technology are enhancing applications like water tower level monitoring. Despite disruptions caused by the COVID-19 pandemic, the market is poised for steady growth as manufacturing activities recover and adapt to new challenges.

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Market Size of US Pressure Sensors Industry

United States Pressure Sensors Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 9.70 %
Market Concentration High

Major Players

US Pressure Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Pressure Sensors Market Analysis

The United States Pressure sensor market is expected to grow at a CAGR of 9.7% during the period 2021-2026. The market is expected to witness steady growth during this period with the ongoing industrial restorations and activities.

  • The region 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.
  • 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.
  • The growing advancement in wireless pressure sensors is also being used in monitoring water tower levels. For instance, a device, BMP380, designed to provide altitude information to navigation instruments, gives absolute pressure to altitude calculation and integrates gas, pressure, humidity, and temperature sensors in a single package.
  • The COVID-19 outbreak and recent nationwide lockdown across the globe have affected manufacturing activities, with a substantial portion of the global pressure sensors and other semiconductor components are manufactured. Although, in May 2020, many of these manufacturing sites recovered and started their operations. However, the fluctuation caused in starting four months in 2020 could result in order delays and lead time across the supply chain during 2020. Also, pressure sensor manufacturing requires people to be physically on-site.

US 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
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US Pressure Sensors Market Size Summary

The United States pressure sensors market is poised for significant growth, driven by the increasing adoption of automation and smart devices across various industries. The region's leadership in integrating IT solutions within the healthcare sector and its robust automotive industry, which mandates the use of pressure sensors for safety and regulatory compliance, further bolster this market. The ongoing technological advancements, particularly in wireless pressure sensors, are enhancing applications such as water level monitoring and automotive safety features. Despite challenges posed by the COVID-19 pandemic, which temporarily disrupted manufacturing activities, the market has shown resilience, with companies like WIKA USA ramping up production to meet the rising demand for medical ventilators. This demand is expected to continue as innovations, such as pressure sensor caps for improved helmet fit, emerge to address specific safety concerns.

The market landscape is characterized by a mix of established players and emerging companies, with major firms like Honeywell and Bosch Sensortec leading the charge in developing high-performance sensors for diverse applications, including industrial, HVAC, and consumer electronics. The introduction of new products, such as Honeywell's media-isolated stainless steel pressure sensors and Bosch's BMP390 barometric sensor, highlights the industry's focus on innovation and adaptability. Additionally, strategic acquisitions, such as Sensata Technologies' purchase of Xirgo Technologies, underscore the importance of sensor-rich solutions in enhancing market presence and expanding into new sectors. As the demand for pressure sensors continues to grow, driven by technological advancements and regulatory requirements, the market is expected to experience sustained expansion and increased competition.

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US Pressure Sensors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Assessment of Impact of COVID-19 on the Industry

    3. 1.3 Market Drivers

      1. 1.3.1 Growth Of End-user Verticals, such as Automotive and Healthcare

      2. 1.3.2 Increasing Adoption of MEMS and NEMS Systems in the Industry

    4. 1.4 Market Restraints

      1. 1.4.1 High Costs Associated with Sensing Products

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)

      2. 2.1.2 Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)

      3. 2.1.3 Consumer Electronics

      4. 2.1.4 Industrial

      5. 2.1.5 Aerospace and Defence

      6. 2.1.6 Food and Beverage

      7. 2.1.7 HVAC

US Pressure Sensors Market Size FAQs

The US Pressure Sensors Market is projected to register a CAGR of 9.70% during the forecast period (2024-2029)

ABB LIMITED , BOSCH SENSORTEC GMBH , GE MEASUREMENT & CONTROL , HONEYWELL INTERNATIONAL INC. and SCHNEIDER ELECTRIC SE are the major companies operating in the US Pressure Sensors Market.

US Pressure Sensors Report Snapshots

United States Pressure Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)