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The global automotive pressure sensors market was valued at USD 4.65 billion in 2019, and it is expected to reach a value of USD 7.48 billion by 2025, registering a CAGR of about 8.23% during the forecast period (2020-2025).
Top Companies operating in the Global Automotive Pressure Sensors market profiled in the report: Honeywell International, Inc., Denso Corporation, Robert Bosch GmbH, ST Microelectronics NV, Infineon Technologies AG, Sensata Technologies, Inc., NXP Semiconductor NV
Scope of the Report
Automotive pressure sensors are used in three types of vehicle types, which include Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles. The market is further segmented by Application (Tire pressure Monitoring Systems, Brake Booster Systems, Engine Management Systems, Exhaust Gas Recirculation Systems, Air Bag Systems, Vehicle Dynamic Control).
Key Market Trends
Tire Pressure Monitoring Systems (TPMS) Expected to be the Most Significant Application
– TPMS utilizes pressure monitoring sensors within each tire that monitors specific pressure levels and sends all the data to the centralized control module. TPMS was mandated in the U.S. and EU in 2007 and 2014 respectively. The law came about as a result of over 100 deaths in the late 1990s that were attributed to vehicles running with underinflated tires. There are two types of TPMS, direct (dTPMS) and indirect (iTPMS).
– TPMS is getting smart with the advent of connected cars or autonomous vehicles technology. The technology is increasing the adoption of TPMS as it provides real-time data on vehicle tire pressure, and also offers critical information on tire temperature. High tire temperatures can indicate an excess of friction caused by misalignment of the wheels, which can also contribute to early tire wear and less safe driving. Hence safety awareness among individuals is another factor driving the increased adoption of TPMS.
Global Automotive Pressure Sensors Market Split by Product Type and Applications:
Market Segment by Type, covers:
Light Commercial Vehicles
Heavy Commercial Vehicle
Market Segment by Applications, covers:
Tire pressure Monitoring System
Brake Booster System
Engine Management System
Exhaust Gas Recirculation System
Air Bag System
Vehicle Dynamic Control
Regional Analysis For Automotive Pressure Sensors Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Automotive Pressure Sensors Market Report:
-Comprehensive assessment of all opportunities and risk in the Automotive Pressure Sensors market.
-Automotive Pressure Sensors market recent innovations and major events.
-Detailed study of business strategies for growth of the Automotive Pressure Sensors market-leading players.
-Conclusive study about the growth plot of Automotive Pressure Sensors market for forthcoming years.
-In-depth understanding of Automotive Pressure Sensors market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Automotive Pressure Sensors market.
Automotive Pressure Sensors Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Pressure Sensors Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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