Automotive Pressure Sensor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2026

Press Release

Global Automotive Pressure Sensor Industry is valued approximately at USD 4.40 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2019-2026. An automotive pressure sensor is a device used for pressure measurement of gases or liquids in a vehicle. These sensors are mainly used to reduce the fuel consumption, minimize onboard weight of vehicle and abide by government regulations towards the safety of passenger. Also, automotive pressure sensors are rapidly gaining popularity among OEM. Further, some pressure sensors have pressure switches, which turn on or off at a particular pressure. For example, a water pump can be operated by a pressure switch, so that it starts when water is released from the system, lowering the pressure in a reservoir. Increasing number of vehicles worldwide, rising concentration on passenger safety and stringent government regulations concerning emissions are the few factors responsible for high CAGR of the Industry over the forecast period. For instance, Globally, it is estimated that cars’ production wasis nearly 73.4 million units in 2017, represent an increase from 72.1 million in units in 2016, as per International Organization of Motor Vehicle Manufacturers (OICA). Also, the commercial vehicle production is nearly 25.13 billion worldwide in 2018, up from 23.84 billion in 2017, as per International Organization of Motor Vehicle Manufacturers (OICA). Thus, increasing production of vehicles is expected to promoterise the adoption of pressure sensors around the world. Moreover, rising technologicales advancements and innovations such as advanced driver assistance systems (ADAS) & lane departure warning (LDW) systems areis the major factors likely to create lucrative growth opportunity to the Industry in the upcoming years. However, high cost of pressure sensors is one of the major factors anticipated to limiting the growth of global Automotive Pressure Sensor Industry during the forecast period.

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Market Segmentation

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

By Application

  • Tire Pressure Monitoring System
  • Brake Booster System
  • Engine Management System
  • Exhaust Gas Recirculation System
  • Air Bag System
  • Vehicle Dynamic Control

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Brief introduction about Automotive Pressure Sensor Market:

Chapter 1. Global Automotive Pressure Sensor Market Size (Sales) Market Share by Type (Product Category) [1,2,3,] in 2020

Chapter 2. Automotive Pressure Sensor Market by Application/End Users [1,2,3]

Chapter 3. Global Automotive Pressure Sensor Sales (Volume) and Market Share Comparison by Applications

Chapter 4. Global Automotive Pressure Sensor Sales and Growth Rate (2020-2025)

Chapter 5. Automotive Pressure Sensor Market Competition by Players/Suppliers, Region, Type, and Application

Chapter 6. Automotive Pressure Sensor (Volume, Value and Sales Price) structure specified for each geographic region included.

Chapter 7. Global Automotive Pressure Sensor Players/Suppliers Profiles and Sales Data

Chapter 8. Company primary Information and Top Competitors list are being provided for each vendor listed in the report.

Chapter 9. Market  Sales, Revenue, Price and Gross Margin (2020-2025) table for each product type which includes Cost Structure Analysis, Key Raw Materials Analysis & Price Trends

Chapter 10. Supply Chain, Sourcing approach and Downstream Buyers, Industrialized Chain Analysis

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