Press release
Automotive Pressure Sensor Market Anticipated To Witness Robust Growth, Surpassing $16.82 Billion By 2029
Automotive Pressure Sensor
What Is the Current Automotive Pressure Sensor Market Size and Its Estimated Growth Rate?
The automotive pressure sensor market has grown strongly in recent years. It will increase from $11.88 billion in 2024 to $12.77 billion in 2025, at a CAGR of 7.5%. This growth is due to higher vehicle production, stricter emission regulations, growing demand for fuel-efficient vehicles, and increasing disposable income.
The automotive pressure sensor market will grow to $16.82 billion in 2029 at a CAGR of 7.1%, fueled by smart transportation initiatives, ADAS demand, and EV adoption. Trends include multifunctional sensors, telematics integration, sensor fusion, and autonomous vehicle applications.
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How Are Emerging Segments Shaping the Automotive Pressure Sensor Market Landscape?
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
Subsegments:
1) By Piezoelectric: High-Pressure Sensors, Low-Pressure Sensors, Dynamic Pressure Sensors, Differential Pressure Sensors
2) By Capacitive: Differential Capacitive Pressure Sensors, Absolute Capacitive Pressure Sensors, Gauge Capacitive Pressure Sensors, Microcapacitive Pressure Sensors
3) By Optical: Fiber Optic Pressure Sensors, Fabry-Perot Interferometric Pressure Sensors, Optical Fiber Bragg Grating Pressure Sensors
4) By Electromagnetic: Inductive Pressure Sensors, Magnetostrictive Pressure Sensors, Eddy Current Pressure Sensors
5) By Resonant: Surface Acoustic Wave (SAW) Pressure Sensors, Quartz Crystal Resonance Pressure Sensors, Resonant MEMS Pressure Sensors
6) By Other Technology: Strain Gauge Pressure Sensors, Piezoresistive Pressure Sensors, Optical MEMS Pressure Sensors, Microelectromechanical Systems (MEMS)-Based Pressure Sensors, Capacitive MEMS Pressure Sensors
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Which Growth Factors Are Influencing Automotive Pressure Sensor Market Expansion?
The increasing demand for electric vehicles (EVs) is expected to drive the automotive pressure sensor market. EVs are powered by electric motors and rechargeable batteries, and their demand is rising due to factors like stricter emission regulations, advancements in battery technology, growing environmental awareness, government incentives, and rising fuel costs. Automotive pressure sensors support the efficient operation of critical systems such as battery management, tire pressure monitoring, and cooling systems, enhancing performance, safety, and reliability. For example, in 2023, nearly 14 million new electric cars were registered worldwide, marking a 35% year-on-year increase, thus driving the pressure sensor market.
Who Are the Dominant Players Across Different Automotive Pressure Sensor Market Segments?
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
What Trends Are Driving Growth in The Automotive Pressure Sensor Market?
Companies in the automotive pressure sensor market are developing innovative products like tire pressure sensors to enhance vehicle safety, performance, and fuel efficiency by providing real-time monitoring and alerts. For example, in September 2023, Infineon Technologies AG, a German semiconductor manufacturer, launched the XENSIV SP49 tire pressure monitoring sensor. The sensor integrates MEMS sensors and an ASIC to provide smart tire functionalities like auto-position sensing, tire inflation assistance, and detection of blowouts.
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Which Geographic Regions Are Expected to Dominate the Automotive Pressure Sensor Market in the Coming Years?
Asia-Pacific was the largest region in the automotive pressure sensor market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive pressure sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Pressure Sensor Market?
2. What is the CAGR expected in the Automotive Pressure Sensor Market?
3. What Are the Key Innovations Transforming the Automotive Pressure Sensor Industry?
4. Which Region Is Leading the Automotive Pressure Sensor Market?
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