Air Flow Sensors Market is expected to reach US$ 3.50 billion by 2030 | The Insight Partners

According to the new research report on " Airflow Sensor Market Size and Forecasts (2020 - 2030), Global Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the market is expected to reach US$ 3.50 billion by 2030 and register a CAGR of 4.8% from 2022 to 2030.

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Airflow sensor market is growing significantly due to its application in diverse industries. The airflow sensors are used widely in the automotive industry. In automotive vehicles, they are important for maintaining optimal fuel efficiency and emission levels and help the engine control unit adjust fuel injection to ensure efficient combustion. Also, the automotive industry has observed the increasing penetration of electric vehicles worldwide. Thus, the automotive industry is one factor for the growth of airflow sensor market. Subsidies and benefits provided by governments of developing nations such as India give consumers a hard push toward electric vehicle. The rise in electronic vehicle demand and market share affects the growth of internal combustion vehicles (ICEs) and parts. The impact of this can be observed in the industry where OEMs of internal combustion vehicles are extending their product line and have started producing components of electric vehicles. Electric vehicles are considered substitutes for ICEs, which downturns the demand for ICE parts. Therefore, with the increasing penetration of EVs in the automotive industry, the need for airflow sensors is increasing significantly propelling the market share of airflow sensor market.

The List of Companies - Air Flow Sensor Market

Honeywell International Inc.
POSIFA Microsystems Inc.
Siemens AG,
Denso Corporation
Bosch,
Degree Controls Inc.
TE Connectivity Corporation
CARDONE Industries
Sensirion AG Switzerland
Analog Devices

Airflow Sensor Market: Key Findings of Study

HVAC systems also use these sensors to monitor and regulate air intake, which helps in boosting the market share of airflow sensor market. In November 2020, Honeywell expanded its Healthy Buildings Air Quality offering to help measure and improve commercial building indoor air quality without changing any HVAC infrastructure with the help of an indoor air quality (IAQ) sensors and Honeywell Electronic Air Cleaners (EACs) with UV Systems. Honeywell EACs with UV filter help remove impurities from the air and provide filtration and disinfection without significantly impeding airflow. The new IAQ sensors include Honeywell's Particulate Matter Sensor PM2.5, Total Volatile Organic Compound (TVOC) Sensor, and All-in-One IAQ Sensor. Additionally, airflow sensors play a vital role in aerospace applications, ensuring accurate airflow measurement for engine performance and control. Such a huge application of airflow sensors propelling to the growth of airflow sensor market growth.

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The airflow sensor market in Europe is expected to grow significantly during the forecast period. The European airflow sensor market includes Germany, France, Italy, the UK, Russia, and the Rest of Europe. Western European countries are more advanced than the NORDIC and other East European countries. Therefore, the automotive, manufacturing, and automation industries in Western Europe are more advanced technologically which helps to boost the airflow sensor market size. The semiconductors industry in the Netherlands is growing quickly.

The Dutch government invests in this industry as part of its "Technology and Innovation Strategy," which is a part of its broader "National Technology Strategy" that was scheduled for release in July 2023. Further, the government of the Netherlands is taking several steps to improve semiconductor manufacturing. For instance, it publishes additional export measures for advanced semiconductor equipment manufacturing, drive the use of airflow sensors and ultimately the airflow sensor market.

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This release was published on openPR.