NA Pressure Sensors Market Size

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.