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The Surge Of Electric Vehicles And The Automotive Pressure Sensor Market: The Driving Engine Behind Automotive Pressure Sensor Market Evolution in 2025
Automotive Pressure Sensor
Automotive Pressure Sensor Market Size Growth Forecast: What to Expect by 2025?
The market for automotive pressure sensors has experienced a robust expansion in the past few years. There's an anticipated growth from $11.88 billion in 2024 to $12.77 billion in 2025, pushing the compound annual growth rate (CAGR) up to 7.5%. The historical period saw an increase, which was a result of several factors including a surge in vehicle production, strict emission standards, rising demand for fuel-saving vehicles, the growing understanding of the importance of vehicle maintenance, and a boost in disposable income.
How Will the Automotive Pressure Sensor Market Size Evolve and Grow by 2029?
In the forthcoming years, the automotive pressure sensor market is projected to witness significant expansion, with its value reaching $16.82 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.1%. This anticipated surge during the forecasted timeframe can be linked to the consistent growth of electric and hybrid cars, the escalating demand for connected car technologies, an intensified focus on vehicle electrification, the rise in the government's smart transportation initiatives, and the elevated demand for improved safety features. Predicted trends for the forecast period incorporate the evolution of miniaturized and multi-functional sensors, the incorporation of pressure sensors into telematics systems, advanced driver-assistance systems (ADAS) integration, advancements in sensor fusion technologies, and a heightening demand for sensors within self-driving automobiles.
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What Drivers Are Propelling the Growth of Automotive Pressure Sensor Market Forward?
The surge in demand for electric vehicles is expected to fuel the expansion of the automotive pressure sensor market. Electric vehicles, powered by electric motors and using rechargeable batteries or other energy storage mechanisms for propulsion, are growing in popularity. This demand is propelled by various factors, such as strict emission rules, advancements in battery technology, heightened environmental consciousness, government incentives, and escalating fuel prices. Automotive pressure sensors contribute to the popularity of electric vehicles by facilitating efficient functioning of crucial systems like battery management, tire pressure monitoring, and cooling systems, thus improving performance, safety, and dependability. For example, in April 2024, information provided by the France-based International Energy Agency indicated that nearly 14 million new electric cars were registered worldwide in 2023, closely aligning with the 2023 Global EV Outlook forecast and bringing the total to 40 million. This equates to a 35% increase year-on-year, with sales 3.5 million higher than in 2022. Hence, the growing demand for electric vehicles is propelling the automotive pressure sensor market.
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Which Emerging Trends Are Transforming the Automotive Pressure Sensor Market in 2025?
The focus of predominant companies in the automotive pressure sensor market is on innovation, particularly in products like tire pressure sensors. They strive to improve both safety and performance of vehicles and provide real-time monitoring and alerts, which can enhance fuel efficiency and prevent accidents. Tire pressure sensors are mechanisms installed in vehicles that give real-time feedback on tire pressure to drivers, thereby guaranteeing optimal performance and safety of the tires. Illustratively, Infineon Technologies AG, a German manufacturer of automotive semiconductors, introduced the XENSIV SP49 tire pressure monitoring sensor in September 2023. This development marks a noteworthy technological breakthrough in the automotive pressure sensor market. The sensor encompasses Microelectromechanical Systems (MEMS) sensors and an Application-Specific Integrated Circuit (ASIC) which facilitates smart tire features such as auto-position sensing on-tire, assistance with tire inflation, blowout detection, and load identification. The powerful 32-bit Arm M0+ core, extensive flash memory, and improved acceleration sensing capabilities make this possible.
What Are the Key Segments in the Automotive Pressure Sensor Market?
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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Who Are the Key Players Shaping the Automotive Pressure Sensor Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Automotive Pressure Sensor Market?
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.
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