Press release
Automotive Fuel Tank Pressure Sensor Market Trends, Business Strategies and Opportunities, Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Automotive Fuel Tank Pressure Sensor" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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An automotive fuel tank pressure sensor is a pressure measuring device that is located in an automotive fuel tank. It measures and monitors the vapor inside the fuel tank. It is a part of the fuel pump assembly and is mounted either on top of the fuel tank or inside the fuel tank. An automotive fuel tank pressure sensor senses the internal pressure of the rail to measure the quantity of fuel remains in the fuel rail.
Implementation of stringent norms on the automotive industry regarding carbon emissions by global regulatory bodies is a major factor that is estimated to drive the automotive fuel tank pressure sensor market during the forecast period. The automotive fuel tank pressure sensor monitors and alerts the vehicle owner of fuel leaks and evaporative control (EVAP) system leaks, thereby making the vehicle more efficient and economical. The automotive industry is likely to witness an increase in demand for automotive fuel tank pressure sensors due to the technological advancements in the industry. An automotive fuel tank pressure sensor measures the positive and negative pressure of the fuel tank. It also helps vehicle owners to stay in compliance with federal and state regulations regarding emissions from fuel systems. A faulty sensor is likely to result in engine stalls and engine noise. This is expected to hamper the automotive fuel tank pressure sensor market.
The automotive fuel tank pressure sensor can segmented based on location, vehicle type, pressure range, and region.
Based on location, the automotive fuel tank pressure sensor market can be divided into inside type and on top type. Automotive fuel tank pressure sensors mounted inside the fuel tanks are estimated to account for a large share of the market, as compared to automotive fuel tank pressure sensors mounted on top of the fuel tanks, as they provide better and accurate validation.
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Based on vehicle type, the automotive fuel tank pressure sensor market can be classified into passenger vehicles and commercial vehicles. The passenger vehicles segment can be further sub-segmented into hatchbacks, sedans, multi-purpose vehicles, and sport utility vehicles. The commercial vehicles segment can be further split into lightweight commercial vehicles and heavy commercial vehicles.
Based on pressure range, the automotive fuel tank pressure sensor market can be segregated into low pressure range, mid pressure range, and high pressure range. Low pressure ranges from -6.67kpa to 6.67kpa, mid pressure ranges from 12.5kpa to 115kpa, and high pressure ranges from 15kpa to 350kpa.
In terms of geography, the automotive fuel tank pressure sensor market can be segmented into Asia Pacific, Europe, North America, Latin America, Middle East & Africa, and Rest of the World (ROW). Asia Pacific accounts for a major share of the global automotive fuel tank pressure sensor market due to the high adoption rate of automotive fuel tank pressure sensors and the booming automotive sector, leading to the production of more number of vehicles installed with automotive fuel tank pressure sensors, especially in China, Japan, India, and South Korea. North America is also expected to witness an increase in demand for automotive fuel tank pressure sensors in the automotive industry during the forecast period due to stringent norms enacted by state regulation bodies regarding emissions. The automotive fuel tank pressure sensor market in Europe, especially in France, the U.K., Germany, and Italy, is anticipated to expand during the forecast period due to rapid technological developments in the automotive industry in the region.
Key players operating in the global automotive fuel tank pressure sensor market are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Siemens AG, NXP Semiconductors, and Honeywell International Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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