Air Pressure Sensors Global Market Report 2024

Air pressure sensors are instruments employed for measuring the pressure of gases or liquids. These sensors transform pressure into an analog electrical signal, which can then be interpreted and utilized by different systems. They play a crucial role in various industries by providing essential data for monitoring, controlling, and ensuring safety.

The primary categories of air pressure sensors include absolute, differential, and gauge types. Absolute sensors measure the total atmospheric pressure, encompassing both atmospheric pressure and any additional pressure within a system. These sensors utilize different technologies such as wired and wireless systems, including piezoresistive, capacitive, electromagnetic, resonant solid-state, optical, among others. They find applications across diverse sectors including automotive, aerospace and defense, manufacturing, medical, and others.

The air pressure sensors market research report is one of a series of new reports that provides air pressure sensors market statistics, including air pressure sensors industry global market size, regional shares, competitors with a air pressure sensors market share, detailed air pressure sensors market segments, market trends and opportunities, and any further data you may need to thrive in the air pressure sensors industry. This air pressure sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The air pressure sensors market size has grown strongly in recent years. It will grow from $17.17 billion in 2023 to $18.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. Historical growth can be credited to advancements in automotive technology, heightened emphasis on safety and efficiency, expanding industrial automation, improved GPS accuracy, and the need for precise monitoring in automotive and industrial sectors.

The air pressure sensors market size is expected to see strong growth in the next few years. It will grow to $24.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. Projected growth is expected due to the surge in electric vehicles, expansion of autonomous vehicle technology, growing adoption of data analytics, increasing demand for connected vehicles, urbanization trends, and challenges posed by traffic congestion. Key trends in the forecast period include integration with AI and machine learning, a move towards sustainable transportation solutions, advancements in sensor fusion technology, customized vehicle experiences, and improved sensor precision.

The expanding automotive sector is anticipated to drive the growth of the air pressure sensors market in the coming years. This sector encompasses the design, development, manufacturing, marketing, and sales of motor vehicles, including cars, trucks, buses, motorcycles, and other types of vehicles. The growth of the automotive sector is attributed to improved economic conditions, government incentives and regulations, changing consumer preferences and lifestyles, innovation, and competition. Air pressure sensors are crucial in the automotive industry for monitoring and regulating tire pressure, engine performance, and airbag deployment systems, thereby enhancing safety and efficiency. For instance, according to the European Automobile Manufacturers Association, in 2022, the global production of motor vehicles reached 85.4 million units, marking a significant 5.7% increase compared to 2021. Thus, the expanding automotive sector is fueling the demand for air pressure sensors.

Leading companies in the air pressure sensors market are increasingly focusing on developing innovative products, such as barometric air pressure sensors, to cater to the rising demand for precise and reliable pressure measurements. Barometric air pressure sensors measure atmospheric pressure and convert it into an electrical signal for various monitoring and control applications. For example, in June 2023, Infineon Technologies AG, a semiconductor manufacturing company based in Germany, introduced two new XENSIV barometric air pressure sensors. These sensors are designed specifically for engine management and pneumatic seat systems, aiming to deliver accurate and reliable measurements to enhance performance and efficiency in automotive applications. Leveraging Infineon's sensor technology expertise, these new products are expected to advance engine management and pneumatic seat systems, improving functionality and user experiences.

In December 2023, Angst+Pfister AG, a Switzerland-based provider of technical components and comprehensive solutions, acquired the MEMS pressure sensor die business of Acuity Inc. for an undisclosed amount. This acquisition allows Angst+Pfister to utilize Acuity's expertise in high-accuracy, low-pressure sensors, strengthening its position in the pressure sensor market. Acuity Inc. is a US-based company specializing in air pressure sensors.

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.

Asia-Pacific was the largest region in the air pressure sensors market in 2023. 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.

The countries covered in the air pressure sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The air pressure sensors market consists of sales of gauge pressure sensors, sealed pressure sensors, and tire pressure sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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