The global Automotive Pressure Sensors market size is projected to reach approximately USD 10,300 Million by 2030, at a CAGR of 9% from 2020 to 2030. A pressure sensor is designed to measure the pressure found in gases or liquids. Pressure is a measurement of the force that stops fluid from expanding and is usually expressed in terms of force per square unit of area. A pressure sensor is a device that transmits an electrical signal when in contact with varying pressure.
Automotive pressure sensors are getting increasingly difficult to purchase due to the lockdown. While the majority of manufacturers are unfortunately facing these issues, it also decreases the production of cars, which affects those impacted the most. Many pressure sensor manufacturers have been feeling the effects of the all-out lockdown over the past few months. New, non-stop sales have not been coming in and their supply chain has also been disrupted meaning that factories are often idle. Automotive industries are dealing with some negative effects of the lockdown that resulted in their plant's operations being disrupted, which led to a shortage of pressure sensors.
The automotive pressure sensors market is expected to grow in the coming years due to the increasing demand for safety and security features in vehicles. Pressure sensors are used in a variety of applications such as tire pressure monitoring, engine control, and transmission control. The increasing demand for fuel-efficient and emission-reduction vehicles is also expected to boost the demand for pressure sensors.
MEMs sensors are high-precision sensors that serve a wide array of automotive applications. They were originally expensive and were used on luxury vehicles. However, in recent years, the installation of these pressure sensors has increased due to government regulations regarding the security of passengers. MEMs sensors project huge growth due to the development in CMOS tech. It will be more advanced and integrated in the future. With an increase in the installation of pressure sensors, automotive vehicles are expected to have a safer ride while passengers are also likely to enjoy improved safety. This will result in increased spending on pressure sensors and the market is expected to boom.
Several factors are restraining the growth of the automotive pressure sensors market. Firstly, the high cost of pressure sensors is a major barrier to adoption, as automotive manufacturers are increasingly looking to reduce costs. Secondly, the automotive industry is highly competitive, and pressure sensors are not currently a standard feature on vehicles. This means that there is little incentive for manufacturers to adopt them, as they would be at a competitive disadvantage. Finally, the automotive sector is currently facing several challenges, including the transition to electric vehicles, which is likely to have an impact on the demand for pressure sensors.
Automotive pressure sensors are used in a wide range of automotive applications, from simple pressure gauges to complex engine management systems. This growth in the automotive industry is driven by the increasing demand for electric cars and soaring growth rates in China. and India.
Based on Application, the global Automotive Pressure Sensors market has been segmented based on ABS, Airbag, TPMS, Engine, HVAC, & Transmission. The TPMS segment is the fastest growing in the global Automotive Pressure Sensors market.
Based on the technology, the global Automotive Pressure Sensors market has been segmented based on MEMS, Strain Gauge, & Ceramic. The MEMS segment is expected to be the fastest growing in the global Automotive Pressure Sensors market.
Based on the vehicle type, the global Automotive Pressure Sensors market has been segmented based on Passenger Vehicle and Commercial Vehicle. The commercial vehicles segment is expected to be the largest in the global Automotive Pressure Sensors market.
Regional Analysis By region, the global Automotive Pressure Sensors market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region holds the largest market for the Automotive Pressure Sensors business.
Due to the presence of large countries like China & India, Asia Pacific regions are dominating the global automotive industries. The market value of pressure sensors has become high due in part to this boom. In the last couple of years, sales of automotive pressure sensor systems have increased significantly. This increase is largely attributed to increases in global digitalization and innovations that are slowly revolutionizing the industry. Automotive pressure sensor system manufacturers have since adapted to these changes and are now expanding their products across a broad range of car models & vehicles in emerging countries. In this region, rapid growth in the production of cars & trucks is leading to a rise in the automotive pressure sensor market.
Increasing demand for commercial vehicles has led to an increase in demand for automotive pressure sensors over the past few years. The North American region is seeing a sustained amount of growth as companies from all over the world continue to set up in this area. This is due to its large automotive system manufacturers and others who are focused on key developments such as expansion, mergers & acquisitions, product launches, and more. Growth in demand for automotive pressure sensors is expected to be driven by factors like the overall increasing number of vehicles being made in the region and growing production at high-tech manufacturers.
The market comprises various national and international players. The market players are investing in R&D and also finding new ways to develop and improve product portfolios. Various players are entering into expansion, new product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.
Prominent players in the global Automotive Pressure Sensors market include Infineon, Sensata, Robert Bosch, Denso, Delphi, Texas Instruments, NXP, Analog Device, Melexis, General Electric, and TE Connectivity.
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for global Automotive Pressure Sensors market segmented by product type, material type, category, shape and distribution channel by value (in US dollars). Also, to understand the consumption/ demand created by consumers of Automotive Pressure Sensors during the period of 2019-2030
To identify and infer, the drivers, restraints, opportunities and challenges for the global Automotive Pressure Sensors market
To find out the factors which are affecting the sales of Automotive Pressure Sensors among consumers
To identify and understand the various factors involved in the global Automotive Pressure Sensors market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies002E
| Report Attribute/Metric | Details |
| Market Size 2030 | USD 10,300 Million |
| Compound Annual Growth Rate (CAGR) | 9%(2022-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Technology, Vehicle Type |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Infineon, Sensata, Robert Bosch, Denso, Delphi, Texas Instruments, NXP, Analog Device, Melexis, General Electric, and TE Connectivity |
| Key Market Opportunities | Increase usage in the automotive sector |
| Key Market Dynamics | Growth in the MEMs sensors |
Automotive Pressure Sensor Market Highlights:
Frequently Asked Questions (FAQ) :
The global Automotive Pressure Sensors market is growing at a CAGR of ~ 9% over the next 7 years
Infineon, Sensata, Robert Bosch, Denso, Delphi, Texas Instruments, NXP, Analog Device, Melexis, General Electric, and TE Connectivity are the major companies operating in the global Automotive Pressure Sensors market.
North America is expected register the highest CAGR during 2021 - 2030
Asia Pacific holds the largest share in 2021
The study period of global Automotive Pressure Sensors market is 2020 - 2030
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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