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Air Pressure Sensors Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Air Pressure Sensors Market Size By 2025?
The market size of air pressure sensors has greatly expanded within the recent years. Projected growth indicates that by 2025, the value will have risen from 2024's $18.43 billion to $19.48 billion, embodying a 5.7% compound annual growth rate (CAGR). Several factors have propelled this historical growth, such as advancements in the automotive industry, heightened emphasis on safety and efficiency, the rise of industrial automation, improved GPS system accuracy, and an increased demand for precise monitoring within automotive and industrial domains.
How Big Is the Air Pressure Sensors Market Size Expected to Grow by 2029?
The market size of air pressure sensors is projected to witness considerable growth in the forthcoming years. It is anticipated to reach a value of $24.94 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%. This growth during the forecast period can be credited to factors such as the emergence of electric vehicles, a surge in autonomous vehicles, a heightened dependence on data analytics, escalating demand for connected cars, urbanization, and traffic congestion. During this forecast period, major developments are expected like the incorporation of AI and machine learning, moving towards greener mobility, advancements in sensor fusion technology, personalized vehicle experiences, and improved sensor precision.
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Which Key Market Drivers Powering Air Pressure Sensors Market Expansion and Growth?
The escalation in the automotive industry is anticipated to spur the air pressure sensors market's expansion. The term "automotive sector" encompasses the creation, conception, production, promotion, and distribution of motor vehicles, which includes cars, trucks, coaches, motorcycles, and other types of vehicles. The boost in the automotive domain is influenced by beneficial economic circumstances, government encouragements and rules, consumer inclinations and lifestyle shifts, invention, and rivalry. Air pressure sensors, which are employed in the automotive industry, oversee and control tire pressure, engine efficiency, and airbag activation mechanisms, thus bolstering safety and effectiveness. For instance, data from the Belgium-based European Automobile Manufacturers Association in May 2023 states that in 2022, the worldwide production of motor vehicles escalated to 85.4 million units, marking a considerable growth of 5.7% from 2021. Consequently, the burgeoning automotive industry is catalyzing the expansion of the air pressure sensors market.
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Which Emerging Trends Are Transforming the Air Pressure Sensors Market in 2025?
To accommodate the growing need for accurate and dependable pressure measurements, leading businesses in the air pressure sensors market are concentrating on the creation of innovative products like barometric air pressure sensors. Such sensors are tools that determine atmospheric pressure and transform it into an electronic signal. This signal can then be incorporated into multiple systems for supervision and regulation purposes. For example, in June 2023, Infineon Technologies AG, a semiconductor manufacturer from Germany, introduced two new XENSIV barometric air pressure sensors. These sensors are particularly engineered for engine management systems and pneumatic seat systems, with the goal of delivering precise and trustworthy measurements that can enhance performance and efficacy in automotive applications. These latest products, backed by Infineon's skillfulness in sensor technology, are projected to stimulate the development of engine management and pneumatic seat systems, thereby improving functionalities and end-user experiences.
What Are the Emerging Segments in the Air Pressure Sensors Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Air Pressure Sensors Industry?
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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