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The automotive pressure sensor Market is fundamentally affected by different market factors that aggregately shape its elements. The auto business has embraced trend setting innovations because of the developing accentuation on vehicle execution and security. Pressure sensors expect a pivotal part in noticing and coordinating various limits inside a vehicle, for instance, tire pressure, engine oil strain, and brake fluid strain. As security rules become more unbending all over the planet, the interest in auto pressure sensors continues to rise, driving business area improvement.
Another key market factor is the developing pattern toward electric vehicles (EVs). The shift towards cleaner and more maintainable transportation has prompted a flood in the creation of electric vehicles. Auto pressure sensors are essential parts in these vehicles, utilized for checking battery pressure and guaranteeing proficient working. The demand for pressure sensors is anticipated to rise steadily as the automotive industry gradually moves toward electrification.
Moreover, progressions in sensor advances contribute essentially to the market's development. Producers are putting resources into innovative work to improve the exactness, unwavering quality, and effectiveness of car pressure sensors. Scaling down of sensors and the fuse of imaginative materials add to further developed sensor execution, making them more interesting to automakers. These innovative progressions not just take special care of the interest for better security includes yet in addition support the general development of the Auto Pressure Sensor Market.
The worldwide car market's geological and monetary factors likewise assume an essential part in forming the tension sensor market. Arising economies, with a developing working class and expanding extra cash, are seeing an ascent in car deals. This flood in vehicle deals straightforwardly means a more popularity for pressure sensors. Moreover, severe discharge standards in different locales are empowering automakers to consolidate progressed sensor advancements to enhance motor execution and diminish outflows.
The transaction of market contest is one more element affecting the Market. As additional organizations enter the sensor producing space, rivalry heightens, driving advancement and pushing makers to offer savvy arrangements. This opposition benefits customers as it prompts the accessibility of cutting-edge sensor advances at additional reasonable costs.
The reseller's exchange for auto pressure sensors additionally contributes altogether to the general market elements. As vehicles age, there is a rising requirement for sensor substitutions and redesigns. The demand for pressure sensors in the aftermarket is driven by wear and tear, technological obsolescence, and shifting performance requirements. This secondary selling section addresses a significant piece of the Automotive Pressure Sensor Market, as vehicle proprietors try to upgrade the security and proficiency of their more established vehicles.
The Market is molded by a mix of elements that mirror the developing scene of the auto business. The accentuation on wellbeing, the shift towards electric vehicles, innovative progressions, worldwide financial circumstances, market rivalry, and the post-retail request on the whole add to the development and improvement of this market. As car advancements keep on developing, the job of tension sensors is probably going to turn out to be considerably more fundamental, guaranteeing the ideal exhibition and security of vehicles across the globe.
Automotive Pressure Sensor Market Highlights:
Automotive Pressure Sensors Market Overview
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.
Market Dynamics
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.
Drivers
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Growth in the MEMs 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.
Restraint:
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High costs
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.
Opportunity:
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Increase usage in the automotive sector
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.
Market Segment Overview
By Application
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.
By Technology
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.
By Vehicle Type
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.
Global Automotive Pressure Sensors Market Share, by Region, 2020 (%)
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.
Asia-Pacific Market
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.
North America 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.
Competitive Landscape
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.
Industry Developments
January 2024: In Belgium, Melexis has introduced its first Triphibian MEMS pressure sensor using a new patented architecture.
Melexis’ Triphibian MEMS pressure sensor operates in gas and liquid measurements from 2 to 70 bar and is packaged in a 16-pin SO16 package.
The sensing mechanism consists of a cantilever with the diaphragm suspended at its tip, which enables the sensor to withstand pressure spikes up to 2000 bar/msec and static bursts up to 210 bar. The two available calibrated ranges (10 or 35 bar) are each tailored for different EV thermal management systems, such as low/high-pressure refrigeration loops.
To facilitate integration with advanced electric vehicles' thermal management systems, the factory-calibrated device measures absolute pressure and provides a proportional analog output signal.
According to Melexis, this novel ability is made possible by Triphibian technology for MEMS sensors that can make accurate measurements even when in contact with liquids above five bars.
The MLX90830’s design inherently offers more mechanical ruggedness than rear-side exposed solutions with a pressure difference between the glass pedestal side and wire bonding side. Equally applicable for cryogenic media, this allows the MLX90830’s first-ever use in MEMS pressure sensors to operate under such conditions, thus making it able to survive being frozen.
It includes an analog output driver interface, digital hardware, voltage regulators and a sensor readout circuit. The bridge resistors on the membrane consist of piezo-resistive elements, which form part of Wheatstone Bridge, generating an output signal. This signal is amplified and converted into digital format so that Digital Signal Processing (DSP), which is sixteen-bit, applies temperature compensation before providing the result as an analog output per se.
For instance, this sensor also features advanced protection against overvoltage (above +40 V) and reverse voltage (below -40 V). Therefore, it can be used with trucks. The MLX90830 has been developed as a Safety Element out of Context (SEooC) under ISO 26262, enabling up to ASIL B system integration, ensuring it meets the latest EV safety demands.
Scope of the Report
Global Automotive Pressure Sensors Market, by Application
- ABS
- Airbag
- TPMS
- Engine
- HVAC
- Transmission
Global Automotive Pressure Sensors Market, by Technology
- MEMS
- Strain Gauge
- Ceramic
Global Automotive Pressure Sensors Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Global Automotive Pressure Sensors Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World
- South America
- Middle East
- Africa
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