New Fact.MR Report: Impact of COVID-19 Crisis on Automotive Pressure Sensor Production and Demand

CITY, Country, 2021-Feb-26 — /EPR Network/ —

Automotive pressure sensors have played a significant role in improving efficiency to consummate the rising environmental and safety concerns. Nowadays, automotive pressure sensor manufacturers are using Integrated MEMS technology for the micro-fabrication of electrical and mechanical components. MEMS sensors are used for measurement and motion detection with full accuracy are more in demand for airbag systems. The global automotive pressure sensor market is estimated to experience staggering growth over the forecast period with the growing demand and increasing awareness for safety features in an automobiles. The growing automotive sector around the world hailed the new strategies for advancement in automotive components, and automotive pressure sensor is one of them. The projected rise in the adoption of electric and self-driven vehicles in the coming years will create an ample opportunity for the manufacturers in the automotive pressure sensor market over the forecast period.

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The growth of automobile production and sales, along with increasing penetration of ABS, airbags, engine control, and TPMS among other applications for automotive pressure sensors to offer opportunity for the automotive pressure sensor market over the forecast period. Apart from aforementioned growth factors the growing demand for electric vehicles is also fueling the demand for pressure sensors. The growing vehicle electrification and adoption of advanced vehicle and occupant safety features are tend to enhance the demand for automotive pressure sensors. The automotive pressure sensor market remains an attractive and growing market, characterized by high production volumes together with high reliability and low cost.

Automotive Pressure Sensor Market – Regional Analysis

The global automotive pressure sensor market can be segmented into seven regions: North America, Europe, East Asia (Japan, China, and South Korea), South Asia (India, Thailand, Malaysia, Indonesia, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America. North America is among the prominent market for automotive pressure sensors, the rising demand and mandatory installation of safety features have fueled the demand for automotive pressure sensors. The Asia Pacific region is also among the most prominent and significantly growing market for automotive pressure sensors, primarily driven by the rising production and sales of passenger cars and commercial vehicles. China, India, Japan, and South Korea are the prominent automotive hubs in APAC region. In 2018, the automotive production in APAC region was more than 50 million, which is about 50% of the global automotive production. Along with being significant hub for automotive production and sales, the installation of pressure sensor is also prominent as the demand for ABS, airbags, engine control and other applications is growing at a substantial pace in the APAC region, making it the hotspot for the automotive pressure sensor market.

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The global automotive pressure sensor market can be segmented on the basis of vehicle type, technology, application, vehicle category, and transduction type.

According to vehicle type, the automotive pressure sensor market can be segmented as:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

 According to application, the automotive pressure sensor market can be segmented as:

• Engine Control
• HVAC
• Antilock Braking System
• Airbag System
• Tire Pressure Monitoring Systems
• Transmission
• Other Applications

According to technology, the automotive pressure sensor market can be segmented as:

• MEMS
• Strain Gauge
• Ceramic

According to vehicle category, the automotive pressure sensor market can be segmented as:

• Conventional Vehicle
• Electric Vehicle

According to transduction type, the automotive pressure sensor market can be segmented as:

• Piezoresistive
• Capacitive
• Optical
• Resonant

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Manufacturers of automotive pressure sensors are actively engaged in accommodating the surge in demand for new technology. Some of the market participants in the global automotive pressure sensor market are Continental AG, Sensirion AG, Robert Bosch GmbH, Delphi Technologies, Denso Corporation, Elmos Semiconductor AG, Infineon Technologies AG, NXP Semiconductors, Panasonic Corporation, and Renesas Electronics Corporation among others players.

Automotive Pressure Sensor Market: Competitive Analysis

The future of the global automotive pressure sensor market looks promising with growth in the automobile sector. The market is changing rapidly with the ongoing growth of the electric vehicle market along with vehicle electrification. Globally, the automotive pressure sensor market is fragmented because of the presence of international and domestic key market players. More modern technologies are being introduced from time-to-time, which are intended to enhance automotive pressure sensors.

The research report presents a comprehensive assessment of the automotive pressure sensor market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated automotive pressure sensor market data. It also contains projections using a suitable set of assumptions and methodologies. The automotive pressure sensor market report provides analysis and information according to market segments such as vehicle type, technology type, vehicle category, application, and transduction type.

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