Air Pressure Sensors Global Market 2024 - By Demand, Share, Size, Trends, Forecast To 2033
Global air pressure sensors market size is expected to reach $24.62 Bn by 2028 at a rate of 7.5%, segmented as by type, absolute air pressure sensor, differential air pressure sensor, gauge air pressure sensor
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The air pressure sensors market size is expected to see strong growth in the next few years. It will grow to $24.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the rise of electric vehicles, growth in autonomous vehicles, increasing reliance on data analytics, rising demand for connected cars, urbanization, and traffic congestion. Major trends in the forecast period include integration with AI and machine learning, a shift towards sustainable mobility, advancements in sensor fusion technology, personalized vehicle experiences, and enhanced sensor accuracy.
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Segmentation & Regional Insights
The air pressure sensors market covered in this report is segmented –
1) By Type: Absolute Air Pressure Sensor, Differential Air Pressure Sensor, Gauge Air Pressure Sensor
2) By Sensor Type: Wired Sensors, Wireless Sensors
3) By Technology: Piezoresistive, Capacitive, Electromagnetic, Resonant Solid-State, Optical, Other Technologies
4) By End-User: Automotive, Aerospace And Defense, Manufacturing, Medical, Other End-Users
Asia-Pacific was the largest region in the air pressure sensors market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the air pressure sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing automotive sector is expected to propel the growth of the air pressure sensors market going forward. The automotive sector refers to the design, development, manufacturing, marketing, and sale of motor vehicles, including cars, trucks, buses, motorcycles, and other types of vehicles. The automotive sector is expanding due to improved economic conditions, government incentives and regulations, consumer preferences and lifestyle changes, innovation, and competition. Air pressure sensors are used in the automotive sector to monitor and regulate tire pressure, engine performance, and airbag deployment systems for enhanced safety and efficiency. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Therefore, the growing automotive sector is driving the growth of the air pressure sensors market.
Key Industry Players
Major companies operating in the air pressure sensors market are Siemens AG, General Electric Company, Panasonic Corporation, Denso Corporation, Continental AG, Schneider Electric SE, Honeywell International Inc., Texas Instruments Incorporated, TE Connectivity Ltd., STMicroelectronics, Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Amphenol Corporation, Analog Devices Inc., Autoliv Inc., Alps Alpine Co. Ltd., Omron Corporation, Ametek Inc., Sensata Technologies, Keller America Inc., Curtiss-Wright Corporation, Bourns Inc., First Sensor AG, Memsic Inc., Bosch Sensortec GmbH, E+E Elektronik, Delphi Technologies, BD|SENSORS GmbH
The air pressure sensors market report table of contents includes:
1. Executive Summary
2. Air Pressure Sensors Market Characteristics
3. Air Pressure Sensors Market Trends And Strategies
4. Air Pressure Sensors Market - Macro Economic Scenario
5. Global Air Pressure Sensors Market Size and Growth
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32. Global Air Pressure Sensors Market Competitive Benchmarking
33. Global Air Pressure Sensors Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Air Pressure Sensors Market
35. Air Pressure Sensors Market Future Outlook and Potential Analysis
36. Appendix
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