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Automotive Pressure Sensor Global Market 2024 Industry Trends Strategic Outlook and Growth Projections
Automotive Pressure Sensor Global Market
As per the report, the automotive pressure sensor market size has grown strongly in recent years. It will grow from $11.09 billion in 2023 to $11.88 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The automotive pressure sensor market size is expected to see strong growth in the next few years. It will grow to $15.70 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
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What Is Driving The Growth Of The Global Automotive Pressure Sensor Market?
The Surge Of Electric Vehicles And The Automotive Pressure Sensor Market
The increasing demand for electric vehicles is anticipated to drive the growth of the automotive pressure sensor market. Electric vehicles are automobiles powered by electric motors, utilizing rechargeable batteries or other energy storage systems as their primary source of propulsion. The increasing demand for electric vehicles is driven by factors such as stringent emission regulations, advancements in battery technology, growing environmental awareness, government incentives, and rising fuel costs. Automotive pressure sensors enhance the demand for electric vehicles by ensuring the efficient operation of critical systems such as battery management, tire pressure monitoring, and cooling systems, thereby improving performance, safety, and reliability
What Is The Key Trend In The Global Automotive Pressure Sensor Market?
Infineon's XENSIV Sensor Integrates MEMS And ASIC For Advanced Tire Monitoring
Major companies operating in the automotive pressure sensor market are focusing on innovative products such as tire pressure sensors, to enhance vehicle safety and performance and to provide real-time monitoring and alerts, helping to prevent accidents and improve fuel efficiency. Tire pressure sensors are devices installed in vehicles to monitor and transmit real-time tire pressure data to the driver, ensuring optimal tire performance and safety.
How Is The Global Automotive Pressure Sensor Market Segmented?
The automotive pressure sensor market covered in this report is segmented -
1) By Technology: Piezoelectric, Capacitive, Optical, Electromagnetic, Resonant, Other Technology
2) By Fuel Type: Petrol, Diesel, Electric, Hybrid, Other Fuel Types
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
4) By Application: Heating Ventilation And Air Conditioning (HVAC) Pressure Sensor, Fuel Pressure Sensor, Oil Pressure Sensor, Manifold Pressure Sensor, Tire Pressure Monitoring Sensor, Airbag System, Engine Control System, Power Steering, Transmission, Antilock Braking System (ABS), Other Applications
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
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How Is The Competitive Landscape Of The Global Automotive Pressure Sensor Market?
Major companies operating in the automotive pressure sensor market are Robert Bosch, Siemens AG, General Electric, DENSO Corporation, Continental AG, Honeywell, ABB, Texas Instruments Incorporated, TE Connectivity, ST Microelectronics, Infineon, NXP Semiconductors, Amphenol Corporation, Analog devices, Sensata Technologies, Allegro Microsystems LLC, CTS Corporation, Elmos Semiconductor, Delphi Technologies, Gp50
Contents Of The Global Automotive Pressure Sensor Market
1. Executive Summary
2. Automotive Pressure Sensor Market Report Structure
3. Automotive Pressure Sensor Market Trends And Strategies
4. Automotive Pressure Sensor Market - Macro Economic Scenario
5. Automotive Pressure Sensor Market Size And Growth
…..
27. Automotive Pressure Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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