Automotive Pressure Sensors Market Growth and Technology Advancement Outlook 2021 to 2026

The Global Automotive Pressure Sensors Market Research Report Forecast 2021 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Automotive Pressure Sensors market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehend Automotive Pressure Sensors data that enhances the understanding, scope, and application of this report.

The global automotive pressure sensors market was valued at USD 4.65 billion in 2019, and it is expected to reach a value of USD 7.48 billion by 2025, registering a CAGR of about 8.23% during the forecast period (2020-2025).

Top Companies in the Global Automotive Pressure Sensors Market: Infineon, Sensata, Denso, and Melexis and Others.

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Company Development:

- April 2019 - DENSO, the world’s second largest mobility supplier, announced to invest USD 1.6 billion to strengthen development and production of Automotive Electrification Products and Systems. This is done to support its aggressive development and production of electrified automotive products, systems, and technologies.
- November 2018 – Infineon Technologies AG strengthened its long-term partnership with DENSO Corporation, a global supplier of advanced automotive technology, systems, and components, to bolster its automotive business.

Scope of the Report:

Automotive pressure sensors are used in three types of vehicle types, which include Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles. The market is further segmented by Application (Tire pressure Monitoring Systems, Brake Booster Systems, Engine Management Systems, Exhaust Gas Recirculation Systems, Air Bag Systems, Vehicle Dynamic Control).

Key Market Trends:

Tire Pressure Monitoring Systems (TPMS) Expected to be the Most Significant Application

- TPMS utilizes pressure monitoring sensors within each tire that monitors specific pressure levels and sends all the data to the centralized control module. TPMS was mandated in the U.S. and EU in 2007 and 2014 respectively. The law came about as a result of over 100 deaths in the late 1990s that were attributed to vehicles running with underinflated tires. There are two types of TPMS, direct (dTPMS) and indirect (iTPMS).
- TPMS is getting smart with the advent of connected cars or autonomous vehicles technology. The technology is increasing the adoption of TPMS as it provides real-time data on vehicle tire pressure, and also offers critical information on tire temperature. High tire temperatures can indicate an excess of friction caused by misalignment of the wheels, which can also contribute to early tire wear and less safe driving. Hence safety awareness among individuals is another factor driving the increased adoption of TPMS.
- Also, several manufacturers are manufacturing TPMS based on Bluetooth Low Energy (BLE) communication standards. BLE helps in cutting down on development, qualification and logistical costs while allowing over-the-air firmware updates and other general maintenance that would otherwise not be possible. BLE ensures that TPMS sensors are constantly kept up-to-date, secured, and optimized.
- In Europe, the European Tyre and Rubber Manufacturers' Association recently praised the European Parliament committee for endorsing revised European Union tire pressure monitoring systems rules. The regulation updates existing vehicle safety rules to extend TPMS requirements to light and heavy commercial vehicles, trailers and buses.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Automotive Pressure Sensors Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team. 

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