Automotive pressure sensors market global sales, revenue, price and gross marg in forecast to 2025
Automotive Pressure Sensors Market Worth 8.84 Billion USD by 2025
"Automotive pressure sensors market by application (ABS, airbag, TPMS, engine, HVAC, & transmission), technology (MEMS, strain gauge, & ceramic), transduction (piezo resistive, capacitive, optical, resonant), vehicle, EV, & region - global forecast to 2025", published by marketsandmarkets™, the global 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. The major factors driving the growth of the automotive pressure sensors market are the increasing installation of advanced driver assistance systems, stringent automotive safety and security norms introduced by the government and rising preference of vehicle electrification among oems and tier I suppliers.
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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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Asia pacific: rapid vehicle electrification in Chinese market is propelling the growth of Asia pacific market the growth of the automotive pressure sensors market in Asia pacific region is expected to be driven by growing vehicle production, government regulations pertaining vehicle safety, rapid vehicle electrification, pressure sensors demand and supply equilibrium, and growing semiconductor industry.
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Browse 96 market data tables and 74 figures spread through 177 pages and in-depth TOC on "automotive pressure sensors market by application (ABS, airbag, TPMS, engine, HVAC, & transmission), technology (MEMS, strain gauge, & ceramic), transduction (piezo resistive, capacitive, optical, resonant), vehicle, EV, & region - global forecast to 2025“
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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