Press release
Surge in Commercial Vehicle Production to Drive Smart Pneumatics Market Towards $6.4 Billion by 2029
Smart Pneumatics Market
What Is The Projected Market Size Of The Global Smart Pneumatics Market And Its Growth Rate?
• The smart pneumatics market size has grown strongly, rising from $4.67 billion in 2024 to an estimated $4.96 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%.
• The market is expected to continue its strong growth, reaching $6.4 billion by 2029 with a CAGR of 6.6%.
• The growth trends can be attributed to increasing healthcare expenditure, a rise in the geriatric population, growing healthcare infrastructure, and the advent of technological trends such as artificial intelligence (AI) integration, edge computing integration, cloud-based solutions, cybersecurity measures, predictive diagnostics, and health monitoring.
What Is Driving The Growth In The Smart Pneumatics Market?
The increased production of commercial vehicles is a key driver propelling the growth of the smart pneumatics market. Commercial vehicles extensively utilize smart pneumatics in their braking, suspension, and gearbox systems, significantly contributing to predictive maintenance, monitoring, and improvement in overall equipment effectiveness. For instance, the commercial vehicle (CV) plants produced 78,805 units in 2024, a rise of 5.8% from 74,505 in 2023, according to the Society of Motor Manufacturers and Traders (SMMT).
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Who Are The Key Players Driving Smart Pneumatics Market Growth?
Key market players include:
• Cypress Envirosystems Inc.
• Siemens AG
• Schneider Electric SE
• Honeywell International Inc.
• Mitsubishi Heavy Industries Ltd.
• ABB Ltd.
• Eaton Corporation plc
• Emerson Electric Co.
• Parker Hannifin Corporation
• Rockwell Automation Inc.
• Bosch Rexroth AG
• SMC Corporation
• Festo Inc.
• IMI Precision Engineering Ltd.
• SICK AG
What Are The Key Trends In The Smart Pneumatics Market?
Key trends include:
• Integration of Artificial Intelligence (AI)
• Use of Edge Computing
• Adoption of Cloud-based solutions
• Implementation of Cybersecurity measures
• Predictive diagnostics and health monitoring
What Are The Segments Of The Global Smart Pneumatics Market?
Segments of the market include:
1) By Component: Hardware, Software, Services
2) By Distribution Channel: Direct, Indirect
3) By Industry: Oil And Gas, Energy And Power, Water And Wastewater, Automotive, Semiconductor, Food And Beverage
Which Region Leads The Smart Pneumatics Market?
Asia-Pacific dominated the smart pneumatics market in 2024 and is expected to be the fastest-growing region during the forecast period. Other regions analyzed in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart Pneumatics Market Global Market Report?
- Market Size Analysis: Analyze the Smart Pneumatics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Pneumatics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Pneumatics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Pneumatics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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