At 2.0% CAGR, the Middle East & Africa Air Flow Sensor Market is Projected to be Worth US$ 175.33 million by 2030, Says Business Market Insights
According to Business Market Insights research, the Middle East & Africa air flow sensor market was valued at US$ 149.85 million in 2022 and is expected to reach US$ 175.33 million by 2030, registering a CAGR of 2.0% from 2022 to 2030. Increasing demand for airflow sensors in automotive industry and growing popularity of digital airflow sensors are among the critical factors attributed to the Middle East & Africa air flow sensor market expansion.
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. Airflow sensors are used widely in the automotive industry, especially in EVs. The airflow sensors are important for maintaining optimal fuel efficiency and emission levels and help the engine control unit adjust fuel injection to ensure efficient combustion. Therefore, with the increasing deployment of airflow sensors in the automotive industry, especially in EVs, the airflow sensors market is growing significantly globally.
On the contrary, limited availability of raw materials hampers the growth Middle East & Africa air flow sensor market.
Based on type, the Middle East & Africa air flow sensor market is bifurcated into volume air flow sensors and mass air flow sensors. The mass air flow sensors segment held 61.0% share of the Middle East & Africa air flow sensor market in 2022, amassing US$ 91.35 million. It is projected to garner US$ 110.16 million by 2030 to expand at 2.4% CAGR during 2022-2030.
Based output signal, the Middle East & Africa air flow sensor market is bifurcated into analog and digital. The digital segment held 71.9% share of the Middle East & Africa air flow sensor market in 2022, amassing US$ 107.68 million. It is projected to garner US$ 128.39 million by 2030 to expand at 2.2% CAGR during 2022-2030.
Based on application, the Middle East & Africa air flow sensor market is segmented into automotive, aerospace, manufacturing, power & utility, others. The automotive segment held 38.7% share of Middle East & Africa air flow sensor market in 2022, amassing US$ 57.94 million. It is projected to garner US$ 69.27 million by 2030 to expand at 2.3% CAGR during 2022-2030.
Based on country, the Middle East & Africa air flow sensor market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The UAE held 36.3% share of Middle East & Africa air flow sensor market in 2022, amassing US$ 54.41 million. It is projected to garner US$ 65.29 million by 2030 to expand at 2.3% CAGR during 2022-2030.
Key players operating in the Middle East & Africa air flow sensor market are Analog Devices Inc, Denso Corp, Honeywell International Inc, Robert Bosch GmbH, Sensirion AG, Siemens AG, and TE Connectivity Ltd, among others.
In 2022; DENSO Corporation, a leading mobility supplier, and United Semiconductor Japan Co., Ltd. (USJC), a subsidiary of global semiconductor foundry United Microelectronics Corporation, have agreed to collaborate.
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