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Air Pressure Sensor Market

Market Insights on Air Pressure Sensor covering sales outlook, demand forecast & up-to-date key trends

2019 Analysis and Review of Global Air Pressure Sensor Market (By Region - North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific) 2020 - 2030

Air Pressure Sensor Market Overview

The global air pressure sensor market is expected to register a CAGR 4% between 2020 and 2030. Increase in demand for reliable sensors, low cost maintenance, and high performance are anticipated to fuel the growth of the market. The demand for air pressure sensors market is rapidly increasing as they are widely used across industries such as petrochemicals, building, shipbuilding, aircraft, and medical sector among many others.

In building, medical and automotive sector, MEMS-based pressure sensors are widely used. Additionally, the shift from analog to digital has led to development of smarter air pressure sensors that deliver efficient performance. Advancements in ICT technology as well as nanotechnology applications are emerging as new trends in the global air pressure sensor market.

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Industrial Expansion to Boost Demand for Air Pressure Sensors

Improved sensitivity in pressure sensors has strongly contributed to the demand of the global air pressure sensor market. Growth of industries, increasing exploration activities, and improving disposable incomes supporting the sale of automobiles have all made a significant impact on the market.

Advancement in technology, such as real-time monitoring for vehicles, is opening new doors to the growth of pressure sensors for medical and automotive applications. In coming years, it is anticipated that penetration of MEMS technology is going to lead the overall global air pressure sensor market. However, higher cost of the investment for production, could act as a major restraint in the global air pressure sensor market.

Nikhil Kaitwade
Principal Consultant
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Asia Pacific to Lead as Emerging Economies Boost Manufacturing Activities

On the basis of region, Asia Pacific, Japan and Latin America are expected to be the growth engines of for the global market. Asia Pacific is anticipated to dominate the global air pressure sensor market as China and India continue to be the key manufacturing hubs for the world. In Latin America, Brazil is expected to present the largest opportunity in terms of revenue of the air pressure sensor market. The remaining regions are expected to grow at a steady rate over the forecast period.

Air Pressure Sensor Market: Key Players

Some of the key market participants in global air pressure sensor market are ABB Ltd., Analog Devices, Inc., Analog Devices, Inc., Analog Devices, Inc., Emerson Electric, General Electric, Freescale Semiconductor, Honeywell International, Robert Bosch GmbH and others.

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Key Highlights

Report Metric

Details

Base year considered

2019

Actual estimates/Historical data

2014 - 2018

Forecast period

2020 - 2030

Forecast units

Value (USD) Bn

Segments covered

  • Region

Market Outlook

  • Global air pressure sensor market to surge at a CAGR of 4%
  • Advanced sensing technologies to drive market
  • Asia Pacific to lead as manufacturing remains integral to growth of developing economies

Regions covered

North America, the Middle East and Africa, Europe, and Central and South America, Asia Pacific

Key Players

ABB Ltd., Analog Devices, Inc., Analog Devices, Inc., Analog Devices, Inc., Emerson Electric, General Electric, Freescale Semiconductor, Honeywell International, Robert Bosch GmbH and others

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Find your sweet spots for generating winning opportunities in this market.

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Air Pressure Sensor Market