Manifold Absolute Pressure Sensor Market Size

Manifold Absolute Pressure Sensor Market size was valued at USD 865 million in 2023 and is estimated to register a CAGR of over 4% between 2024 and 2032. The growth of the market can be attributed to the increased advancements in engine management systems. New engine management systems depend on precise and real-time data to enhance engine performance, fuel efficiency, and emissions. MAP sensors provide critical input regarding manifold pressure, which is crucial for adjusting the air-fuel mixture, ignition timing, and other engine parameters.

Also, the increasing adoption of turbocharged and supercharged engines in vehicles is driving the demand for MAP sensors. Turbocharging and supercharging technologies increase engine power and efficiency by forcing more into the combustion chamber. MAP sensors are important in these systems to precisely measure the pressure in the intake manifold and guarantee optimal engine performance.

Rapid urbanization and economic growth in emerging countries, particularly in Asia Pacific and Latin America, are leading to increased vehicle ownership and automotive production in the region. According to the International Organization of Motor Vehicle Manufacturers, around 4 million vehicles were manufactured in Mexico in 2023 as compared to 3.5 million in 2022, showing a growth of nearly 14%. Similarly, around 770 thousand vehicles were manufactured in Malaysia in 2023 in comparison to 700 thousand vehicles in 2022. The expansion of automotive markets in developing countries is driving the global demand for MAP sensors.

Rapid advancements in automotive technology, including the growing shift towards EVs and autonomous driving, led to changes in engine designs and reduced reliance on traditional combustion engines. This potentially impacts the demand for MAP sensors in the long term. Also, automotive manufacturers often face pressure to reduce costs and improve profitability. This can lead to negotiations for lower prices with sensor suppliers, affecting profit margins for MAP sensor manufacturers.