Automotive Air Flow Sensors Market Size

Automotive Air Flow Sensors Market size was valued at USD 1.4 billion in 2023 and is estimated to register a CAGR of over 3.5% between 2024 and 2032. The growth of the market can be attributed to the presence of stringent emissions standards across the globe. Globally, governments and regulatory bodies are implementing new emission standards to lower vehicular pollution. For instance, in March 2024, U.S. Environmental Protection Agency (EPA) announced, Multi-Pollutant Emissions Standards for model years 2027 and later light-duty and medium-duty vehicles that set protective standards to lower harmful air pollutant emissions from these vehicles starting with model year 2027.

The new standards are built upon EPA’s standards for federal greenhouse gas emissions standards for passenger cars and light trucks model years 2023 through 2026. These standards are aimed to improve public health by reducing smog-pollution from vehicles and helping drivers to save money through lower fuel and maintenance costs. This technology plays a major role in monitoring and controlling engine emissions, ensuring compliance with such stringent regulations. ?

Furthermore, the growth in vehicle production across the globe is driving the demand for automotive air flow sensors. According to International Organization of Motor Vehicle Manufacturers around 5.85 million vehicles were produced in India in 2023 as compared to 5.45 million vehicles in 2022, witnessing a growth of 7%.  Similarly, around 9 million vehicles were produced in Japan in 2023 as compared to 7.8 million vehicles in 2022, attaining a growth of 15%. The expanding automotive industry is boosting the market for these sensors.

The high cost of airflow sensors is a major factor hindering the growth of the market. Advanced air flow sensors require advanced technology and materials, leading to higher development and manufacturing costs, making them expensive for both OEMs and consumers. Furthermore, the cost of replacing defective or worn-out sensors can be high, which restrains consumers from opting for high-end sensors in the aftermarket?