Market Size of NA Pressure Sensors Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 |
NA Pressure Sensors Market Size Summary
The North American pressure sensor market is experiencing robust growth, driven by its extensive applications across diverse industries such as aerospace, automotive, healthcare, and consumer goods. The evolution of measurement technologies has led to the development of more sophisticated pressure and level measuring devices, enhancing their applicability in areas ranging from laboratory settings to process technology. The trend towards smaller, more accurate, and reliable micro-electro-mechanical systems (MEMS) has significantly contributed to the market's expansion. Additionally, the proliferation of IoT-connected devices is further propelling market growth, as pressure sensors play a crucial role in the development of smart homes, cities, and factories. Despite the initial setbacks caused by the Covid-19 pandemic, the market has rebounded and is poised for continued growth.
North America holds a dominant position in the global pressure sensor market, supported by its high adoption of automation and smart devices across various sectors. The automotive industry, a major consumer of pressure sensors, benefits from their application in enhancing vehicle safety and efficiency, particularly with stringent regulations on emissions. The region's strong manufacturing sector, especially in automotive and aerospace, along with advancements in healthcare IT, underscores its market leadership. The presence of key players and ongoing innovations, such as those in windshield wiping technology and soft robotics, are expected to sustain the market's growth trajectory. Government regulations, like the TREAD Act, further bolster the demand for pressure sensors, ensuring their continued relevance and necessity in the North American market.
NA Pressure Sensors Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Assessment of Impact of COVID-19 on the Industry
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1.3 Market Drivers
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1.3.1 Growth Of End-user Verticals, such as Automotive and Healthcare
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1.3.2 Increasing Adoption of MEMS and NEMS Systems in the Industry
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1.4 Market Restraints
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1.4.1 High Costs Associated with Sensing Products
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Automotive (Tire Pressure, Break Fluid Pressure, Vapor Pressure in Fuel Tank, Fuel Injection and CDRi, and Manifold Absolute Pressure among others)
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2.1.2 Medical (Continuous Positive Airway Pressure (CPAP), Ventilators and Inhalers, and Blood Pressure Monitoring, Among Others)
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2.1.3 Consumer Electronics
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2.1.4 Industrial
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2.1.5 Aerospace and Defence
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2.1.6 Food and Beverage
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2.1.7 HVAC
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2.2 By Country
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2.2.1 United States
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2.2.2 Canada
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NA Pressure Sensors Market Size 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.
