Air Pressure Sensor Market - Forecasts from 2023 to 2028

The air pressure sensor market is estimated to grow at a CAGR of 6.58% during the forecast period.

An air pressure sensor is a device used to measure air or gas pressure in a given environment, and it consists of a transducer that converts the applied pressure into an electrical signal, which can then be measured and interpreted by electronic systems. The different air pressure sensors include absolute air pressure sensors, differential air pressure sensors, and gauge air pressure sensors used in the automotive, aerospace & defense, industrial, and medical sectors for precise air pressure monitoring. Growing automotive production coupled with product launches of sensors to measure tire pressure is positively impacting the market growth. Also, an increase in the use of medical devices such as ventilators will further boost the demand for air pressure sensors.

Bolstering growth in automotive production and product launches will drive market growth.

Air pressure sensors are crucial for several automotive applications. One primary application is tire pressure monitoring systems (TPMS), which have become mandatory safety features in many regions. TPMS relies on air pressure sensors to continuously monitor the tire pressure of any vehicle and provide real-time feedback to the driver. In December 2022, Sensata Technologies launched a smart tire-mounted sensor solution that gave customers higher safety, performance, and extra data insights about tire OEMs. Additionally, air pressure sensors play a significant role in engine management systems, providing accurate readings of intake manifold pressure and enabling precise control of air-fuel mixture ratios. This helps optimize engine performance, fuel efficiency, and emissions control. Automotive production has shown a significant increase owing to the favorable investment inflows by manufacturers coupled with high consumer demand for new energy vehicles. According to the International Energy Agency in 2022, 10 million electric vehicles were produced in 2022, an increase from 6.7 million in 2021. According to the International Organization of Motor Vehicle Manufacturers (OICA) in 2022, passenger car production in China increased from 21.4 million in 2021 to 23.8 million in 2022. Such progressive developments illustrate that air pressure sensors hold a great demand in the future.

The market is anticipated to expand, fuelled by the spike in ventilator usage and increased respiratory disorders.

Air pressure sensors are essential in healthcare devices such as ventilators, anesthesia machines, and respiratory therapy equipment. These sensors provide critical information about air pressure levels, ensuring the appropriate delivery of oxygen and other gases to patients. Air pressure sensors help maintain the desired therapeutic pressure levels by monitoring and controlling air pressure required for respiratory disorders therapy, such as positive airway pressure (CPAP) and bi-level positive airway pressure (BiPAP). The rise in the cases of respiratory disorders and the increase in ventilator usage will drive the demand for air pressure sensors. According to the Australian Institute of Health and Welfare (AIHW) report in 2023, around one-third (7.5 million) of Australians suffered from a respiratory disorder in 2022, in which 5.1 million people had allergic rhinitis and 2 million had asthma. According to the Centers for Disease Control and Prevention (CDC), in 2020, the use of ventilators increased by 25-31% between Q2 2020 to Q4 2020.

The Asia Pacific region is expected to hold a significant market share throughout the projected period.

Asia-Pacific is expected to constitute a considerable market share due to the rapid industrialization and economic growth in countries like China and India, coupled with the growing emphasis on new energy vehicle adoption and improving medical infrastructure in such major countries. In 2021, the Chinese government set a goal of having 40 percent of the vehicles sold in the country be EVs by 2030. This will propel the production of electric vehicles in China, thereby simultaneously boosting the demand for air pressure sensors for tire pressure monitoring applications. In April 2021, to expedite the clearance of medical devices such as ventilators, nebulizers, oxygen concentrators, and oxygen canisters, the government of India made it easier to import critical medical devices by easing the requirements for clearance under the Legal Metrology Act. These progressive developments will propel regional market growth.

Market Developments:

• April 2022: Kistler launched the world's smallest piezoresistive, media-isolated pressure sensor that combined excellent measuring features with universal applicability and can be used in engine development and hydraulic and pneumatic applications in hot and cold environments.
• October 2021: Rohm introduced a waterproof barometric pressure sensor, BM1390GLV-Z, to measure the atmospheric air pressure, and the product was resistant to external disturbances.
• September 2019: TE Connectivity acquired the pressure sensor business of Elmos to expand its global presence in pressure sensors, particularly in medical, transportation, and industrial applications.

Market Segmentation:

By Type

• Absolute Air Pressure Sensor
• Differential Air Pressure Sensor
• Gauge Air Pressure Sensor

By End-User

• Automotive
• Aerospace & Defense
• Manufacturing
• Medical
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Others