What Has Been the Growth of the Air Pressure Sensors Market So Far?
The air pressure sensors market has seen considerable growth due to a variety of factors.
• The air pressure sensors market will grow from $18.43 billion in 2024 to $19.86 billion in 2025 at a CAGR of 7.8%.
The growth is attributed to advancements in automotive technologies, increased safety and efficiency awareness, greater industrial automation, enhanced GPS accuracy, and a demand for more precise monitoring in both the automotive and industrial sectors.
What Are the Future Growth Projections for the Air Pressure Sensors Template Market?
The air pressure sensors market is expected to maintain its strong growth trajectory in upcoming years.
• The air pressure sensors market is expected to grow to $26.43 billion by 2029, with a CAGR of 7.4%.
Growth is driven by the rise of electric and autonomous vehicles, the growing reliance on data analytics, the increasing demand for connected cars, urbanization, and traffic congestion. Key trends include integration with AI and machine learning, the shift toward sustainable mobility, advancements in sensor fusion technology, personalized vehicle experiences, and enhanced sensor accuracy.
What Are the Critical Driver Fuelling The Air Pressure Sensors Market's Growth?
The expansion of the automotive industry is anticipated to drive the growth of the air pressure sensors market. The automotive sector encompasses the design, development, production, marketing, and sale of vehicles, including cars, trucks, buses, and motorcycles. This industry is expanding due to improved economic conditions, government regulations and incentives, consumer preferences, innovations, and heightened competition. Air pressure sensors in vehicles help monitor tire pressure, engine performance, and airbag deployment for increased safety and efficiency. For example, in May 2023, the European Automobile Manufacturers Association reported a 5.7% increase in global motor vehicle production in 2022, reaching 85.4 million units. Thus, the expanding automotive sector contributes to the growth of the air pressure sensors market.
What Are The Major Segments Within The Global Air Pressure Sensors Market?
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
Subsegments:
1) By Absolute Air Pressure Sensor: High-Precision Absolute Pressure Sensors, Low-Pressure Absolute Sensors, Absolute Pressure Sensors For Weather Forecasting, Altimeter And Aviation Applications, Absolute Pressure Sensors For Environmental Monitoring
2) By Differential Air Pressure Sensor: Low-Range Differential Pressure Sensors, High-Range Differential Pressure Sensors, Differential Pressure Sensors For Hvac Applications, Differential Pressure Sensors For Air Flow Monitoring, Differential Pressure Sensors For Industrial Equipment And Filtration
3) By Gauge Air Pressure Sensor: Automotive Gauge Pressure Sensors (Tire Pressure Monitoring), Industrial Gauge Pressure Sensors, Gauge Pressure Sensors For Hydraulic Systems, Gauge Sensors For Pneumatic Applications, Gauge Pressure Sensors For Process Control Systems
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Which Trends Are Expected To Transform The Air Pressure Sensors Market?
Companies in the air pressure sensors market are enhancing their offerings with products like barometric air pressure sensors to provide more precise measurements. For instance, in June 2023, Infineon Technologies AG, a Germany-based semiconductor company, launched two XENSIV barometric air pressure sensors. These sensors are designed for engine management and pneumatic seat systems, providing accurate and reliable pressure measurements to improve automotive performance.
Who Are the Key Players In The Air Pressure Sensors Market?
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
What Is The Most Dominant Region In The Air Pressure Sensors Market?
Asia-Pacific was the largest region in the air pressure sensors market in 2024. 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.
