Automotive pressure sensor: Market Share, Industry Insights with Key Company’s Profiles-Forecast to 2030
Market Highlights According to MRFR, the automotive pressure sensor market is expected to register a CAGR of almost 7%. Market Scenario Over a period, the automotive pressure sensor witnessed steady development. The boom in the automobile industry is projected to have a positive impact on the demand for car pressure sensors. Growing demand for safety features in vehicles, strict regulatory requirements and increasingly increasing safety consciousness among individuals are some of the factors that drive the automotive pressure sensor market in the first place. The rapidly rising introduction of advanced driver assistance systems into vehicles has given the automotive pressure sensor market a positive outlook. With the growing popularity of vehicle electrification among individuals, the demand for automotive pressure sensor, is expected to register high growth rate during the forecast period. Earlier available only in premium vehicles, automotive manufacturers have begun integrating these features into entry-level vehicles and expanding their customer base to drive demand in the market for automotive pressure sensors. In addition, there has been a rise in demand for automotive pressure sensor market with the increase in demand from commercial vehicles. The growth of the automotive industry in Asia-Pacific is also expected to fuel the demand over the assessment period, along with the increasing number of market entrants. Competitive Dynamics The key players of global automotive pressure sensor market, as identified by MRFR, are Robert Bosch (Germany), Infineon (Germany), Sensata (US), General Electric (US), Denso (Japan), Texas Instruments (US), NXP (Netherlands), Analog Device (US), Melexis (Belgium), Delphi (UK), and TE Connectivity (Switzerland). The global market is substantially driven by the competitive nature of the market. Major players are likely to invest in research and development projects towards product development. Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/4906 Market Segmentation The market has been segmented based on application, technology, and vehicle type. By application, the market has been segmented into ABS, Airbags, TPMS, HVAC, and transmission. By technology, the market has been segmented into MEMS, strain, and Gauge and ceramic. By vehicle type, the market has been divided into passenger vehicles and commercial vehicles.