US Pressure Sensors Market Size

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.