Key Trends Impacting the Air Flow Sensor Market: Fact.MR Report

Analog Technology Variants Dominate Sales in Air Flow Sensor Industry

Also known as air velocity sensors, air flow sensors are devices, which are primarily used to measure air speed and pressure with higher levels of accuracy. In addition, air flow sensors are also capable of measuring density and volume of air flowing in an area.

The operation of air flow sensors in precision critical and finds use in a range of applications, with requirements for configurations to be customized to a higher degree. Most applications of airflow sensors are associated to the automotive industry. However, recent times have also witnessed increased use in health care applications as well.

The global air flow sensors market is being projected to grow at a moderate CAGR of ~ 3.6 per cent through the forecast period till 2026 to meet a value of around USD 2,557.1 million in this period at an incremental opportunity of USD 634.6 million. This growth will account for the sales of around 62,724,000 units by the end of the forecast period.

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Product Innovation and Acquisitions Become Key to Business Strategy

The global air flow sensors market comprises a number of large scale tech enterprises including names such as Robert Bosch GmbH, TE Connectivity, OMRON Corporation, Honeywell International Inc., Siemens AG, DENSO Corporation, TDK Corporation, Delphi Technologies, and Continental AG among others.

Most such air flow sensor manufacturers help in the development of innovations for new product offerings, while also displaying interest towards acquisitions of smaller competitors to increase market presence around the world.

Other key strategies being employed by manufacturers includes developments to an efficient and well-structured supply chain for bolstering retail networks to increase their reach to a broader demographic of potential buyers.

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 Increased Applications in Healthcare Bolster Growth

Across Europe and the Asia Pacific region, are witnessing an increasing in modern healthcare infrastructure to support the growing ageing population in this region. This will continue to drive up the demand for specialized air flow sensors for the foreseeable future.

The air flow sensors market of China is expected to be a dominant force in the industry, with control over 20 per cent of overall market activity. On the other hand, North America is now expected to account for sizeable shares with a faster rate of growth owing to the higher demand of HVAC systems.

In addition, the world is witnessing increased spending towards the costs of handling ailments such as cardiovascular diseases, respiratory diseases, and cancers, owing to rising incidences of lifestyle based problems. This in turn can result in growth for air flow sensors in devices such as ventilators, analyzers, patient monitoring systems, oxygen concentrators, anesthesia devices, sleep apnea machines, and spirometers among others.

Air flow sensors can be found in both analog and digital variants, and analog air flow sensors are witnessing a greater level of adoption accounting for more than 60 per cent of the overall sales. This can be attributed to the wide scope of applications for this type of device in fields such as automation, aerospace, food and beverage, and chemicals.

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