Press release
Major Market Shift in Air Pressure Sensors Industry: Innovative Developments In Barometric Air Pressure Sensors
Air Pressure Sensors Market Size
In recent times, the market for air pressure sensors has experienced robust growth. The market, which stood at $18.43 billion in 2024, is projected to rise to $19.86 billion in 2025, marking a compound annual growth rate (CAGR) of 7.8%. Factors driving the strong growth during the historical period include advances in automotive technology, heightened safety and efficiency awareness, rising industrial automation, improved GPS system accuracy, and an increasing demand for more exact monitoring in the automotive and industrial sectors.
The market size for air pressure sensors is projected to experience robust expansion in the coming years, scaling up to a value of $26.43 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. This anticipated surge over the forecast period is due mainly to factors such as the emergence of electric vehicles, the advancement in autonomous vehicles, a growing dependence on data analytics, an increasing demand for connected cars, rapid urbanization, and rising traffic congestion problems. Notable market trends expected during this period include increased integration with AI and machine learning, a growing inclination towards environmentally-friendly mobility, development in sensor fusion technology, custom vehicle experiences, and improved sensor precision.
What Factors Are Fueling Growth in the Air Pressure Sensors Market?
The upward trend in the automotive sector is predicted to fuel the expansion of the air pressure sensors market. The term 'automotive sector' encompasses the conceptualization, creation, production, promotion, and distribution of vehicles such as cars, trucks, buses, motorcycles, amongst others. Growth in this sector is being stimulated by factors like stronger economic conditions, governmental stimulus and rules, shifts in consumer tastes and lifestyles, technological advancements, and competition. Air pressure sensors, utilized in this sector, help in maintaining tire pressure, optimizing engine performance, and controlling airbag systems for better safety and increased productivity. For example, the European Automobile Manufacturers Association, a Belgium-based automobile manufacturer's group, stated in May 2023 that the global production of motor vehicles climbed to 85.4 million units in 2022. This implies a significant 5.7% rise in comparison to 2021. Thus, the burgeoning automotive sector underpins the augmentation of the air pressure sensors market.
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Which Businesses Are at the Forefront of Air Pressure Sensors Market Development?
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 Are the Latest Innovations in the Air Pressure Sensors Market?
Big corporations active in the air pressure sensors market are concentrating their efforts on creating innovative products such as barometric air pressure sensors, with the objective of fulfilling the rising need for accurate and dependable pressure measurements. Barometric air pressure sensors are instruments that gauge the atmospheric pressure, converting it into an electrical signal for use in different systems for purposes of control and monitoring. To illustrate, back in June 2023, Infineon Technologies AG, a German semiconductor manufacturing firm, introduced two new XENSIV barometric air pressure sensors. These sensors were expertly crafted for engine management and pneumatic seat systems, with the goal of offering precise and trustworthy measurements to boost performance and efficiency in automotive uses. These newly introduced products, supported by Infineon's proficiency in sensor technology, are anticipated to propel the progression of engine management and pneumatic seat systems, thus enriching functionality and user satisfaction.
How Is the Air Pressure Sensors Market Segmented?
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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Where Is the Air Pressure Sensors Market Growth Most Prominent?
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.
What Is Covered In The Air Pressure Sensors Global Market Report?
- Market Size Analysis: Analyze the Air Pressure Sensors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Air Pressure Sensors 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 Air Pressure Sensors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Air Pressure Sensors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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