The global air flow sensors market is estimated to reach US$ 3,140 million by 2032, with sales growing at a sluggish CAGR of 3.4% from 2022 to 2032. The target market was valued at US$ 2,242 million in 2022. The air flow sensors market is driven by the heightened demand for the same in the agriculture, automotive, healthcare, food, and beverage sectors. Air flow sensors can be used for all types of gases and volatile chemicals while delivering cost and energy-efficient control. Owing to escalating demand, manufacturers are also keen on offering new products that are capable of controlling an entire HVAC system in smart buildings. These aspects foster growth for the air flow sensors market.
Air flow sensors serve to transfer fluid from one location to another. As a result of this function, different kinds of air flow sensors are witnessing an upsurge in demand in the oil industry. Likewise, the healthcare sector, too, requires air flow sensors for a variety of applications such as oxygen concentrators, sleep apnea machines, respiratory equipment, ventilators, patient monitoring systems, and anesthesia, among others. Moreover, air flow sensors offer a quick response time, high resistance, high resistance, and improved engine performance which drives its demand in the automotive sector. These considerations contribute to the global growth of the air flow sensors market.
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With the OEM quality air flow sensors becoming available at a large scale for specific automotive applications, the market size of air flow sensors is also expected to grow. The increasing availability of configurable air flow sensors at manufacturing plants also augurs well for the overall market. Furthermore, the rise in the number of vendors coupled with precise flow measurements also aids the expansion of the air flow sensors market size. Again, the market observes rising demand from emerging economies which bodes well for the global market. Though the market is expected to observe steady growth over the projection period, it will not be without challenges. Certain contaminated air flow sensors are unable to precisely measure airflow which will serve as an impediment to the overall market growth in the forthcoming years.
Key Takeaways:
- Increasing investment in the market and rising IoT applications of air flow sensors will strengthen market prospects.
- The air flow sensors market in Europe will dominate the global space with a revenue share of 24%.
- North America’s air flow sensor market will be close second to Europe with a revenue share of 16%.
- The start-ups in this market will focus on product development to gain an advantage over other businesses.
Competitive Landscape
DENSO EUROPE, First Sensor AG, Degree Controls Inc., TE Connectivity Corporation, Honeywell International Inc., Delta OHM, Systec Controls, Siemens AG, and Delphi Technologies, among others, are a few of the primary players in the air flow sensors market profiled in the full version of the report.
In a highly competitive environment, leading market players are focusing on product development and innovation. These participants also launch novel products to expand their consumer base. Organizations in this market also employ mergers, acquisitions, and partnerships to enhance their market footprints. For instance, DENSO EUROPE offers systems for everyday use like household air conditioning equipment along with industrial systems to attract a wider consumer base. In a recent development, Degree Controls Inc. launched Rooster Sensor200, the first BACnet velocity and temperature sensor with a built-in color touch panel.
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More Insights Into Air Flow Sensors Market
In its latest report, FMI offers an unbiased and detailed analysis of the global air flow sensors market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. The report delivers insights into market drivers, restraints, opportunities, trends, and segmentation. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of type, sensing wire, output signals, application, and region.
According to the reports, based on region, the air flow sensors market in Europe will exhibit considerable growth. The target market in this region will dominate the international marketplace with a revenue share of 24%. High demand for analog sensors in Germany and the U.K are driving the growth of the market in Europe. North America, too, presents notable growth in the market with a revenue share of 16%. Escalating demand for automobiles and extensive use of air flow sensors in industrial, medical, and non-governmental sectors will aid the expansion of the market in North America. Thus, North America and Europe will contribute substantially to the global growth of the air flow sensors market.
Key Segments Profiled in the Air Flow Sensors Market Survey
By Type:
- Volume Air Flow Sensors
- Mass Air Flow Sensors
By Sensing Wire:
- Hot Wire Air Flow Sensors
- Cold Wire Air Flow Sensors
By Output Signals:
- Analog Air Flow Sensors
- Digital Air Flow Sensors
By Application:
- Automobiles
- Aerospace
- Data Centers
- Spirometers
- Leak Detection in Pressurized Air Systems
- Engine Control
- Industrial Gas Flow Measurement
- HVAC
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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