Automotive Pressure Sensors Market is driven by Installation of Electronic Components in Automobiles


Posted March 27, 2019 by rechaldey

The automotive pressure sensors market is valued at USD 3.68 Billion in 2016 and is projected to grow at a CAGR of 9.70% during the forecast period, to reach USD 8.84 Billion by 2025.

 
According to the market research Automotive Pressure Sensors Market by Application (ABS, Airbag, TPMS, Engine, HVAC, & Transmission), Technology (MEMS, Strain Gauge, & Ceramic), Transduction (Piezoresistive, Capacitive, Optical, Resonant), Vehicle, EV, & Region - Global Forecast to 2025. The market report analyzes and forecasts the market size, in terms of volume (million units) and value (USD million), for passenger cars and commercial vehicles. It also forecasts the market size, in terms of volume (thousand units) and value (USD thousand), for electric vehicles.

The automotive pressure sensors market is valued at USD 3.68 Billion in 2016 and is projected to grow at a CAGR of 9.70% during the forecast period, to reach USD 8.84 Billion by 2025.

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The research methodology used in the report involves various secondary sources such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive pressure sensors market. Both, bottom-up and top-down approaches have been used to estimate and validate the size of the global automotive pressure sensors market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of automotive pressure sensors by the number of pressure sensors installed in the automobiles of that region.

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The automotive pressure sensors are typically used to gauge the pressure of liquid and gases in a vehicle. Hence, they can be used in many systems of a vehicle. The automotive pressure sensors market is segmented by application into the transmission, engine control system, power steering, HVAC, airbags, ABS, and direct TPMS. The engine control system is estimated to hold the largest share of the market, by application. Automotive pressure sensors for the engine control system are used in the engine, fuel injection pump, and exhaust.

Browse and in-depth TOC on Automotive Pressure Sensors Market
177 - Tables
96 - Figures
74 – Pages

ABS is estimated to be the fastest growing market for automotive pressure sensors, by application. Factors contributing to the growth of this segment include the mandates related to safety and security features. For example, the mandatory installation of ABS in passenger cars from 2018 in India can boost the market for automotive pressure sensors.

By technology, the market for MEMS pressure sensors is estimated to experience the highest growth during the forecast period. With the advent of the era of advanced technologies, the use of advanced MEMS pressure sensors has increased. The MEMS pressure sensors are widely used in all major advanced applications of electric as well as conventional vehicles.

By electric vehicle type, HEV is estimated to hold the largest share of the automotive pressure sensors market during the forecast period. The market growth can be attributed to the high level of production of HEVs during the forecast period. Also, the higher installation rate of pressure sensors in its powertrain system, as compared to BEV and FCEV, has triggered the growth of the market.

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Market key-players
The global automotive pressure sensors market is dominated by a few players such as NXP (Netherlands), Infineon Technologies (Germany), Sensata (US), and Texas Instruments (US) along with tier I and tier II suppliers.

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Last Updated March 27, 2019