US Pressure Sensors Market Size (2024 - 2029)

US Pressure Sensors Market Analysis

The US Pressure Sensors Market size is estimated at USD 21.54 billion in 2024, and is expected to reach USD 32.42 billion by 2029, growing at a CAGR of 7.5% during the forecast period (2024-2029).

• The US pressure sensors market is expected to grow significantly over the forecast period due to the advancements in sensor technologies and increasing automation in several industries across the country requiring accurate and real-time pressure measurement. In many process applications, hydraulics, and pneumatics, pressure sensors monitor relative system pressure. 
• These sensors have witnessed significant growth over the years owing to the increasing applications across various industries, such as aerospace, automotive, healthcare, consumer goods, etc. From laboratory applications to plant and mechanical engineering, pressure and level measuring devices have become as diverse as their application areas due to the evolution of measurement technologies.
• The country has the highest adoption of automation and smart devices in almost every industry. Owing to the aggressive automation in the country, the government is promoting the adoption of smart homes and smart commercial spaces. Compared to the world, the United States has also witnessed the most increased adoption of IT in the healthcare industry.
• The increasing adoption of the Internet of Things (IoT) is another major factor spearheading the market's growth. Pressure sensors are transforming the development of smart homes and buildings, smart factories, and smart cities. Hence, the increase in IoT-connected devices is anticipated to fuel the market's growth.
• In the automotive industry, the US government's TREAD Act mandates that they undertake some actions to improve tire safety, e.g., by issuing a directive on improving durability and resistance standards for tires, improving tire labeling information, or requiring drivers to be informed when tires are excessively inflated. Also, it mandates 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 cars within 20 minutes of its detection.
• Although the integration of pressure sensors increases the industrial automation level, it incurs an additional cost, which limits their use in cost-sensitive applications. Furthermore, the critical issue for small and mid-sized pressure sensor manufacturers, primarily because of their lack of cash, is the rising development costs associated with R&D activities to produce new products.

US Pressure Sensors Industry Segmentation

Pressure sensors are devices or instruments that measure the pressure in gases or liquids. They are composed of a sensing element that can determine the applied pressure and components that enable information to be interpreted for an input signal. The pressure sensor generates a signal by measuring how much pressure has been exerted.

The US pressure sensors market is segmented by application (automotive, medical, consumer electronics, industrial, aerospace and defense, food and beverage, HVAC, and other applications). The report offers market sizes and forecasts for all the above segments in value (USD).