The airflow sensors market size is projected to reach US$ 3.50 billion by 2030 from US$ 2.41 billion in 2022. The market is expected to register a CAGR of 4.8% during 2022–2030. Integration of sensor technologies with the Internet of Things (IoT) is likely to remain a key trend in the market.
HVAC systems use airflow sensors to ensure efficient operation and reduce energy consumption. HVAC systems have airflow sensors that allow them to compare the area's actual temperature with a target temperature and take appropriate action. HVAC controls are frequently employed in various business sectors, including hospitality, corporations, retail, and residential.
Airflow sensors are used to determine the volume or mass of flow of air in a channel. There are two categories of airflow sensors. They are mass airflow sensors and volume airflow sensors. Airflow sensors are easy to install and gauge the entire pressure, the static pressure of the airflow, and the air velocity. Airflow sensors find applications in an extensive range of industrial systems. In automotive vehicles, airflow sensors are crucial for maintaining optimal fuel efficiency and emission levels and help the engine control unit adjust fuel injection to ensure efficient combustion.
The automotive industry is a major end-user of airflow sensors. The increasing demand for automotive vehicles simultaneously drives the need for airflow sensors, as these sensors are used in engines and exhaust systems to monitor and control airflow. The automotive industry is growing rapidly worldwide. Also, the penetration of EVs across the world is increasing significantly. According to the European Commission, the automotive industry provides direct and indirect jobs to 13.8 million Europeans, representing 15.1% of total European employment. As per the statistics cited by the European Federation for Transport and Environment, the UK government committed to a net zero emissions target by 2050 and proposed a ban on the sales of all polluting vehicles by 2035. Hence, net zero emissions initiatives and demand for eco-friendly vehicles among consumers drive the air flow sensors market.
Numerous industries such as automotive, aerospace, manufacturing, power & utility, and others are highly demanding volume flow sensors that withstand extreme conditions. This encourages market players to develop volume flow sensors for extreme applications. For instance, in September 2023, ENVEA introduced AirFlow P, a high-temperature version of the volume flow sensor for extreme applications. AirFlow P is a sensor for volume flow measurement in dust loaden sensors suitable for high-temperature applications up to 800 °C.
Key segments that contributed to the derivation of the air flow sensors market analysis are type and application.
The geographic scope of the air flow sensors market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Countries such as Japan, India, China, Australia, Singapore, Taiwan, and Indonesia have a plethora of manufacturing industries, including electronics, food & beverage, chemicals, textiles, automobiles, and healthcare. Moreover, government initiatives such as "Made in China 2025" and "Made in India" boost these industries in different Asia Pacific countries, which propels the demand for airflow sensors. Further, China has a rapidly growing aerospace industry. A team of technologically well-versed candidates and young scientists in Beijing have played significant roles in missions such as Chang'e lunar probes and the Tianwen Mars exploration in the past. Such developments in the aerospace industry drive the airflow sensors market growth in China. Further, the growing awareness of the importance of monitoring air quality bolsters the demand for HVAC systems in the Asia Pacific, thereby benefiting the airflow sensors market in the region.
The regional trends and factors influencing the Air Flow Sensors Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Air Flow Sensors Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2.41 Billion |
| Market Size by 2030 | US$ 3.5 Billion |
| Global CAGR (2022 - 2030) | 4.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Air Flow Sensors Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Air Flow Sensors Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The airflow sensors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the air flow sensors market are listed below:
The “Air Flow Sensors Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Air Flow Sensor Market
The global air flow sensors market is expected to reach US$ 3.50 billion by 2030.
The global air flow sensors market is estimated to register a CAGR of 4.8% during the forecast period 2022–2030.
Asia Pacific dominated the air flow sensors market in 2022.
Increasing demand for airflow sensors in the automotive industry is the major factors that propel the global air flow sensors market.
Integration of sensor technologies with the Internet of Things (IoT) to play a significant role in the global air flow sensors market in the coming years.
The key players holding majority shares in the global air flow sensors market are Honeywell International Inc., POSIFA Microsystems Inc., Siemens AG, Denso Corporation, Bosch, Degree Controls Inc., TE Connectivity Corporation, CARDONE Industries, Sensirion AG Switzerland, and Analog Devices.