Automotive Pressure Sensor Market – Market Overview
Automotive pressure sensors have played a significant role in improving efficiency to consummate the rising environmental and safety concerns. Nowadays, automotive pressure sensor manufacturers are using Integrated MEMS technology for the micro-fabrication of electrical and mechanical components. MEMS sensors are used for measurement and motion detection with full accuracy are more in demand for airbag systems. The global automotive pressure sensor market is estimated to experience staggering growth over the forecast period with the growing demand and increasing awareness for safety features in an automobiles. The growing automotive sector around the world hailed the new strategies for advancement in automotive components, and automotive pressure sensor is one of them. The projected rise in the adoption of electric and self-driven vehicles in the coming years will create an ample opportunity for the manufacturers in the automotive pressure sensor market over the forecast period.
Automotive Pressure Sensor Market – Dynamics
The growth of automobile production and sales, along with increasing penetration of ABS, airbags, engine control, and TPMS among other applications for automotive pressure sensors to offer opportunity for the automotive pressure sensor market over the forecast period. Apart from aforementioned growth factors the growing demand for electric vehicles is also fueling the demand for pressure sensors. The growing vehicle electrification and adoption of advanced vehicle and occupant safety features are tend to enhance the demand for automotive pressure sensors. The automotive pressure sensor market remains an attractive and growing market, characterized by high production volumes together with high reliability and low cost.
Automotive Pressure Sensor Market – Regional Analysis
The global automotive pressure sensor market can be segmented into seven regions: North America, Europe, East Asia (Japan, China, and South Korea), South Asia (India, Thailand, Malaysia, Indonesia, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America. North America is among the prominent market for automotive pressure sensors, the rising demand and mandatory installation of safety features have fueled the demand for automotive pressure sensors. The Asia Pacific region is also among the most prominent and significantly growing market for automotive pressure sensors, primarily driven by the rising production and sales of passenger cars and commercial vehicles. China, India, Japan, and South Korea are the prominent automotive hubs in APAC region. In 2018, the automotive production in APAC region was more than 50 million, which is about 50% of the global automotive production. Along with being significant hub for automotive production and sales, the installation of pressure sensor is also prominent as the demand for ABS, airbags, engine control and other applications is growing at a substantial pace in the APAC region, making it the hotspot for the automotive pressure sensor market.
Automotive Pressure Sensor Market - Key Segments
The global automotive pressure sensor market can be segmented on the basis of vehicle type, technology, application, vehicle category, and transduction type.
According to vehicle type, the automotive pressure sensor market can be segmented as:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
According to application, the automotive pressure sensor market can be segmented as:
- Engine Control
- Antilock Braking System
- Airbag System
- Tire Pressure Monitoring Systems
- Other Applications
According to technology, the automotive pressure sensor market can be segmented as:
- Strain Gauge
According to vehicle category, the automotive pressure sensor market can be segmented as:
- Conventional Vehicle
- Electric Vehicle
According to transduction type, the automotive pressure sensor market can be segmented as:
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Automotive Pressure Sensor Market: Key Players
Manufacturers of automotive pressure sensors are actively engaged in accommodating the surge in demand for new technology. Some of the market participants in the global automotive pressure sensor market are Continental AG, Sensirion AG, Robert Bosch GmbH, Delphi Technologies, Denso Corporation, Elmos Semiconductor AG, Infineon Technologies AG, NXP Semiconductors, Panasonic Corporation, and Renesas Electronics Corporation among others players.
Automotive Pressure Sensor Market: Competitive Analysis
The future of the global automotive pressure sensor market looks promising with growth in the automobile sector. The market is changing rapidly with the ongoing growth of the electric vehicle market along with vehicle electrification. Globally, the automotive pressure sensor market is fragmented because of the presence of international and domestic key market players. More modern technologies are being introduced from time-to-time, which are intended to enhance automotive pressure sensors.
The research report presents a comprehensive assessment of the automotive pressure sensor market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated automotive pressure sensor market data. It also contains projections using a suitable set of assumptions and methodologies. The automotive pressure sensor market report provides analysis and information according to market segments such as vehicle type, technology type, vehicle category, application, and transduction type.
The Automotive Pressure Sensor Market Report Covers Exhaustive Analysis On:
- Market Segments in the Automotive Pressure Sensor Market
- Automotive Pressure Sensor Market Dynamics
- Automotive Pressure Sensor Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Automotive Pressure Sensor Market
- Value Chain of the Automotive Pressure Sensor Market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of LatAm)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The automotive pressure sensor market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The automotive pressure sensor market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The automotive pressure sensor market report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of the parent market
- Changing automotive pressure sensor market dynamics in the industry
- In-depth automotive pressure sensor market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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