Airflow Sensor Market Size, Share & Trends Estimation Report By Type (Vane Airflow Sensor, Karman Vortex Airflow Sensor, Hot Wire Airflow Sensor, Hot Film Airflow Sensor), By Flow Range (Up to 10 SLPM, Up to 50 SLPM, Above 50 SLPM), By Application (Commercial Vehicles, Passenger Cars, Others), By Region, And Segment Forecasts, 2023 - 2030
The Global Air Flow Sensors Market Size Is Anticipated To Be Evaluated At US$ 2,242 Mn In 2022 And Is Expected To Reach US$ 3,140 Mn In 2030. The Sales Of Air Flow Sensors Are Likely To Grow At A CAGR Of 3.4% In The Forecast Period.
Airflow Sensor Market Overview:
An automotive mass air flow sensor is a sensor between the car engine and air filter that calculates the mass air flow or controls the amount of air entering the internal combustion engine. The engine control unit is responsible for delivering the proper amount of fuel and air to the engine which requires information related to airflow. The mass air flow (MAF) sensor market is expected to grow with the increasing demand and supply of automotive parts and accessories in the market. The growing preference for fuel-efficient vehicles in the market has made airflow sensors an integral part of vehicles, which is expected to boost the demand for airflow sensors in the near future.
Airflow Sensor market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Airflow Sensor market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Segments Covered in Airflow Sensor Market Research:
Market Key Players:
Bosch, Honeywell, Analog Devices, Denso, TE Connectivity, K&N Engineering, CARDONE Industries, Elta Automotive Ltd, POSIFA Microsystems Inc, IM GROUP, And Others.
- Vane Airflow Sensor
- Karman Vortex Airflow Sensor
- Hot Wire Airflow Sensor
- Hot Film Airflow Sensor
- Up to 10 SLPM
- Up to 50 SLPM
- Above 50 SLPM
- Commercial Vehicles
- Passenger Cars
North America, the market is expected to grow at a CAGR of around 7.3% during the forecast period. This region held the largest share in the global airflow sensor market in 2020, accounting for around 35% of the total market share.
In Europe, the airflow sensor market is expected to grow at a CAGR of around 7.1% during the forecast period. In 2020, Europe held the second-largest share in the global airflow sensor market, accounting for around 30% of the total market share. The growth of the European market is attributed to the increasing adoption of smart building technologies, rising demand for HVAC systems, and the presence of well-established automotive and aerospace industries.
The Asia-Pacific region is also seeing significant growth in the airflow sensor market, with an expected CAGR of around 8.2% during the forecast period. In 2020, this region held the third-largest share in the global airflow sensor market, accounting for around 25% of the total market share. The growth of the Asia-Pacific market can be attributed to the increasing demand for HVAC systems, growing automotive industry, and rising awareness about air quality monitoring.
In Latin America, the airflow sensor market is expected to grow at a CAGR of around 6.7% during the forecast period. In 2020, Latin America held a small share in the global airflow sensor market, accounting for around 5% of the total market share. The growth of the Latin American market can be attributed to the increasing demand for HVAC systems and growing automotive and aerospace industries.
Finally, the Middle East and Africa region is expected to see a CAGR of around 5.9% during the forecast period. In 2020, this region held a small share in the global airflow sensor market, accounting for around 5% of the total market share. The growth of the Middle East and Africa market can be attributed to the increasing demand for HVAC systems and growing automotive and aerospace industries in the region.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
The airflow sensor market size is likely to expand as OEM quality airflow sensors become more prevalent for certain automotive applications. Additionally, the growth of the airflow sensor market is attributed to the high availability of configurable airflow sensors in manufacturing plants.
The proliferation of vendors and accurate flow measurement are the major drivers driving the surge in demand for airflow sensors. Moreover, increasing demand in developing countries for sensors is significantly contributing to the growth of airflow sensors market share.
Various types of air flow sensors in purification systems are incorporated to perform specific purposes such as fluid purification and conveyance. This is expected to increase the demand and increase the air flow sensor market share over the forecast period.
Airflow sensors are expected to transform the market due to their wide application range and durability. In addition to this, increasing use of analog and digital formats for control, display, recovery and switching functions in various applications is expected to drive sales of airflow sensors.
There are several challenges facing airflow sensors by manufacturers, which are expected to hamper the demand and global airflow sensors market growth. These challenges are high airflow sensor prices, operational optimization, and unplanned outages.
Air flow sensors are used for shift suggestion in many vehicles with automatic transmissions. This presents significant challenges for airflow sensor market players and hinders the growth of their market share.
Airflow Sensor Market report scope:
Important Points from this Airflow Sensor Market Report
- Estimate Airflow Sensor market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Airflow Sensor market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
What is the CAGR of Airflow Sensor market?
The Airflow Sensor Market is growing at a CAGR of 3.39% During Forecast Period.
What are the key types of Airflow Sensor market?
Vane Airflow Sensor, Karman Vortex Airflow Sensor, Hot Wire Airflow Sensor, Hot Film Airflow Sensor,
What are the key applications of Airflow Sensor market?
Commercial Vehicles, Passenger Cars
Who are the key players in Airflow Sensor market?
Bosch, Honeywell, Analog Devices, Denso, TE Connectivity, K&N Engineering, CARDONE Industries, Elta Automotive Ltd, POSIFA Microsystems Inc, IM GROUP, And others.