Automotive Pressure Sensors Market worth 8.84 Billion USD by 2025


Posted June 26, 2019 by rechaldey

The global automotive pressure sensors market is projected to grow at a CAGR of 9.70% from 2017 to 2025

 
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 global automotive pressure sensors market is projected to grow at a CAGR of 9.70% from 2017 to 2025, to reach a market size of USD 8.84 Billion by 2025 from USD 4.21 Billion in 2017.

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Engine control application holds the largest market share in 2017
The engine system, which includes the engine, exhaust, and fuel pumps, holds the largest share of the automotive pressure sensors market. With technological advancement in the architecture of engine control system, the installation of advanced pressure sensors is required for the efficient operation of the system.

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MEMS pressure sensors– Largest share of automotive pressure sensors market in 2017
Micro Electronic Mechanical Systems (MEMS) sensors are one of the most lucrative innovations in the automotive semiconductor industry, owing to their cost-effectiveness and high reliability. MEMS pressure sensors serve manifold applications in the automotive industry, which include measuring manifold air pressure (MAP), fuel rail, fuel tank, and engine oil. As this technology caters the requirement of powertrain and safety systems of automotive industry, MEMS technology is expected to acquire the largest market for automotive pressure sensors

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The ecosystem of the automotive pressure sensors market consists of manufacturers such as Infineon (Germany), NXP (Netherlands), Robert Bosch (Germany), Continental (Germany), and Analog Devices (US) and research institutes such as the Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

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Last Updated June 26, 2019