Automotive Pressure Sensor Market Highlights:
The key market players of the global automotive pressure sensor market are Sensata (US), Analog Device (US), Texas Instruments (US), General Electric (US), Infineon (Germany), Robert Bosch (Germany), Delphi (UK), NXP (Netherlands), Melexis (Belgium), and TE Connectivity (Switzerland), Denso (Japan).
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Automotive Pressure Sensor Market Drivers and Restraints:
The global automotive pressure sensor market is estimated to show staggering growth over the forecast period primarily driven by influential factors such as the growing demand and increasing awareness for safety features in automotive vehicles and the stringent government regulations with the concern of road safety. According to Market Research Future (MRFR), the global automotive pressure sensor market is assessed to rise at a 7% CAGR over the forecast period.
The growing deployment of electronic devices in vehicles and the rising popularity of electric powered vehicles has consequently had a positive impact on the automotive pressure sensor market and is estimated to drive the market over the forecast period. Manufacturers have shifted their focus on producing advanced driver assistance systems in vehicles, which is subsequently increasing the demand for automotive pressure sensors in the market.
The market is hindered by the frequent technological changes needed to provide high-quality products, the need for excellent manufacturing and design expertise, and the heavy investments required for R&D. But the growing environmental concerns are raising the need for environmentally friendly vehicles with lower emissions, thus, offering opportunities for market growth over the forecast period.
Global Automotive Pressure Sensor Market Segments Analysis:
The automotive pressure sensor market is segmented on the basis of application, technology, vehicle type, and region.
- Based on application, the global market for automotive pressure sensors has been segmented into ABS, airbags, TPMS, HVAC, and transmission. TPMS is estimated to rise at a comparatively higher CAGr over the forecast period.
- Based on technology, the market for automotive pressure sensors has been segmented into MEMS, strain, and gauge and ceramic. MEMS segment is estimated to rise at a higher CAGR over the forecast period.
- By vehicle type, the market for automotive pressure sensors is segmented into a passenger vehicle and commercial vehicle. Passenger vehicle segment is estimated to show market growth over the forecast period.
- Based on region, the global automotive pressure sensors market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Global Automotive Pressure Sensor Market Regional Analysis:
North America is the largest regional market for automotive pressure sensor market, owing to the presence of major market players, technological advancements and the high demands for vehicles, and is estimated to show staggering growth over the forecast period.
The Asia Pacific is assessed as the fastest growing regional market for automotive pressure sensors, primarily driven by the rising number of sales of passenger vehicles, driven by the growing purchasing power and disposable income of consumers in this region, especially in developing countries like India and China. Both China and India are automobile manufacturers and have a production rate, which helps sustain the market growth of automotive pressure sensors.
The economic growth, investments of global market players and the technological advancements towards the automotive industry is further driving the market in this region. The growing adoption of automotive lightweight vehicles, connected cars, automated driverless vehicles, is also a driver of the automotive pressure sensor market in APAC region. Additionally, the APAC region is estimated for fast market growth due to the low cost of manufacturing, raw materials, and labor costs.
Report Overview:
The report for Global Automotive Pressure Sensor Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
TABLE 1 EUROPE AUTOMOTIVE PRESSURE SENSOR, BY REGION 2011-2027, ($ MILLION) 19
TABLE 2 EUROPE AUTOMOTIVE PRESSURE SENSOR FOR MINING, BY REGION 2011-2027, (MILLION) 19
TABLE 3 EUROPE AUTOMOTIVE PRESSURE SENSOR FOR MARINE, BY REGION 2011-2027, (MILLION) 20
TABLE 4 EUROPE AUTOMOTIVE PRESSURE SENSOR FOR WATERTREATMENT, BY REGION 2011-2027, (MILLION) 20
TABLE 5 EUROPE AUTOMOTIVE PRESSURE SENSOR FOR PHARMACEUTICAL, BY REGION 2011-2027, (MILLION) 20
TABLE 6 EUROPE AUTOMOTIVE PRESSURE SENSOR FOR CHEMICAL, BY REGION 2011-2027, (MILLION) 21
Continued…
LIST OF FIGURES:
FIG. 1 AUTOMOTIVE PRESSURE SENSOR INDUSTRY SEGMENTATION
FIG. 2 GLOBAL AUTOMOTIVE PRESSURE SENSOR MARKET VOLUME & REVENUE, (TONS) (USD MILLION), 2012 – 2023
FIG. 3 AUTOMOTIVE PRESSURE SENSOR ECOSYSTEM ANALYSIS
FIG. 4 AUTOMOTIVE PRESSURE SENSOR INDUSTRY IMPACT FORCES
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