Press release
The Expanding Automotive Sector Drives Growth In The Air Pressure Sensors Market Driver: A Major Catalyst in the Evolution of the Air Pressure Sensors Market in 2025
Air Pressure Sensors
The surge in the automotive industry is predicted to intensify the growth of the air pressure sensors market. The term "automotive industry" encapsulates the conception, production, marketing, and sales of motor vehicles, which include cars, trucks, buses, motorcycles, and other vehicle types. Factors such as improved economic conditions, government stimuli and regulations, shifts in consumer preferences, changes in lifestyle, innovation, and competition contribute to the expansion of the automotive industry. Air pressure sensors find their use in this industry to keep a check on and adjust the tire pressure, engine functioning, and airbag activation systems for better safety and efficiency. For example, the European Automobile Manufacturers Association, a Belgium-situated automobile manufacturers association, stated in May 2023 that in 2022, motor vehicles' global production touched 85.4 million units, marking a significant growth of 5.7% compared to 2021. As a result, the escalating automotive industry fuels the expansion of the air pressure sensors market.
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What is the projected compound annual growth rate (CAGR) of the air pressure sensors market from 2025 to 2034, and what factors influence it?
The market for air pressure sensors has seen robust growth in the past few years. In terms of figures, the market is predicted to expand from a value of $18.43 billion in 2024 to about $19.86 billion in 2025, at a compound annual growth rate (CAGR) of 7.8%. Factors contributing to the growth during the historical period include developments in the automotive field, heightened consciousness about safety and efficiency, a rise in industrial automation, improvements in the accuracy of GPS systems, and the ever-growing necessity for precise monitoring in both the automotive and industrial sectors.
In the upcoming years, the air pressure sensors market is projected to experience notable growth, with expectations to reach $26.43 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. Contributors to this projected growth during the forecast period include the rise in electric and autonomous vehicles, the increasing dependency on data analytics, rising demands for connected cars, urbanization, and traffic congestion. Significant trends during the forecast period are the incorporation of AI and machine learning, a transition towards sustainable mobility, improvements in sensor fusion technology, personalized vehicle experiences, and improved sensor accuracy.
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How are the latest trends influencing the growth of the air pressure sensors market?
Top firms in the air pressure sensors market, such as Infineon Technologies AG, are prioritizing the creation of inventive products like barometric air pressure sensors due to increasing needs for precise, trustworthy pressure measurements. Barometric air pressure sensors transform atmospheric pressure into an electric signal, useful for monitoring and control systems. To illustrate, in June 2023, Infineon Technologies AG, a semiconductor producer from Germany, introduced two fresh XENSIV barometric air pressure sensors, specifically engineered for engine management and pneumatic seat systems to deliver precise and trustworthy readings for enhanced performance and efficiency in auto applications. Capitalizing on Infineon's mastery in sensor technology, these new introductions are anticipated to drive innovation in engine management and pneumatic seat systems, improving functionality and user experiences.
What are the major segments of the air pressure sensors market and their role in driving growth?
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 regions are key players in the growth of 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.
Who are the key firms paving the way for growth 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
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What Is Covered In The Air Pressure Sensors Global Market Report?
•Market Size Forecast: Examine the air pressure sensors market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the air pressure sensors market for a structured understanding.
•Key Players Overview: Analyze major players in the air pressure sensors market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the air pressure sensors market.
•Segment Contributions: Evaluate how different segments drive overall growth in the air pressure sensors market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the air pressure sensors market.
•Industry Challenges: Identify potential risks and obstacles affecting the air pressure sensors market.
•Competitive Landscape: Review strategic developments in the air pressure sensors market, including expansions, agreements, and new product launches.
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