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Steady Expansion Forecast for Air Pressure Sensors Market, Projected to Reach $26.43 Billion by 2029
Air Pressure Sensors Market
Air Pressure Sensors Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for air pressure sensors has seen a significant increase in the recent past. Its value is projected to rise from $18.43 billion in 2024 to $19.86 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.8%. The historic growth of this market is credited to progresses in automotive technology, heightened consciousness about safety and efficiency, an upswing in industrial automation, improved GPS system accuracy, and a rising demand for more intricate monitoring in both the automotive and industrial sectors.
Air Pressure Sensors Market Size Forecast: What's the Projected Valuation by 2029?
The market for air pressure sensors is projected to experience robust growth over the coming years, reaching a valuation of $26.43 billion by 2029, representing a compound annual growth rate (CAGR) of 7.4%. This projected growth during the forecast period can be linked to factors such as the emergence of electric cars, advancements in autonomous vehicles, increasing dependence on data analytics, the rising demand for vehicles connected to the internet, the rapidly growing urban population, and frequent traffic jams. Key trends that are predicted to make a big impact during the forecast era are integration with artificial intelligence and machine learning, a move towards eco-friendly transportation, progress in sensor fusion technology, bespoke vehicle experiences and improved sensor precision.
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What Are the Drivers Transforming the Air Pressure Sensors Market?
The expansion of the automotive industry is anticipated to boost the progress of the air pressure sensors market. The automotive industry encompasses the creation, development, production, promotion, and selling of motor vehicles, including cars, buses, trucks, motorcycles, and various other types of vehicles. Factors such as favorable economic conditions, governmental incentives and laws, shifts in consumer preferences, lifestyle alterations, innovation, and competition are leading to the growth of the automotive industry. Air pressure sensors, which are utilized in this industry to check and adjust tire pressure, engine function, and airbag system operation, thereby enhancing safety and efficiency. For example, as per the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers organization, global motor vehicle production hit 85.4 million units in 2022, marking a significant 5.7% increase from 2021. Thus, the expanding automotive industry is propelling the air pressure sensors market's growth.
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What Long-Term Trends Will Define the Future of the Air Pressure Sensors Market?
Leading corporations in the air pressure sensors market are shifting their attention towards the creation of innovative products like barometric air pressure sensors, in order to cater to the increasing requirement for precise and dependable pressure data. Barometric air pressure sensors are equipment that quantify the atmospheric pressure. These sensors transform the atmospheric pressure into an electronic signal that can be utilized by various systems for supervision and regulation purposes. For instance, Infineon Technologies AG, a semiconductor manufacturing company from Germany, introduced two new XENSIV barometric air pressure sensors in June 2023. These sensors are custom-made for engine management and pneumatic seat systems, with the aim to offer precise and consistent measurements for better performance and efficiency in automotive applications. Taking advantage of Infineon's proficiency in sensor technology, these new introductions are forecasted to drive the progress of engine management and pneumatic seat systems, improving functionality and user interface.
Which Segments in the Air Pressure Sensors Market Offer the Most Profit Potential?
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 Firms Dominate the Air Pressure Sensors Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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