Press release
Automotive Pressure Sensor Market on Path to Hit $16.06 Billion by 2029 at 6.2% CAGR
Automotive Pressure Sensor Market
Automotive Pressure Sensor Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been significant growth in the automotive pressure sensor market size in the past few years. Expansion from $11.88 billion in 2024 to $12.6 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%, is expected. The earlier growth phase can be linked to factors such as rising vehicle production, strict emission regulations, an increase in demand for fuel-efficient vehicles, enhanced awareness about vehicle maintenance, and an uptick in disposable income.
What Is the Expected CAGR for the Automotive Pressure Sensor Market Growth Through 2029?
In the coming years, the automotive pressure sensor market is anticipated to experience robust growth, expanding to $16.06 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. The anticipated growth during this forecast period is stimulated by factors such as the sustained increase in electric and hybrid vehicles, escalating demand for connected car technologies, intensified focus on vehicle electrification, augmenting government initiatives promoting smart transportation, and growing demand for improved safety features. Upcoming trends for the forecast period encompass the evolution of miniature and multifunctional sensors, incorporation of pressure sensors in telematics systems, enhanced incorporation of advanced driver-assistance systems (ADAS), progress in sensor fusion technologies, and heightened demand for sensors in autonomous vehicles.
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What Are the Primary Drivers Behind Automotive Pressure Sensor Market Growth?
The automotive pressure sensor market is projected to grow, spurred by escalating demand for electric vehicles. These vehicles are propelled by electric motors, rather than conventional fuels, and the sources of their power are rechargeable batteries or other energy storage systems. This mounting demand is driven by critical factors like rigorous emission regulations, breakthroughs in battery technology, expanding environmental consciousness, government incentives, and rising fuel expenses. With automotive pressure sensors, electric vehicles get a boost as they ensure the smooth functioning of essential systems like battery management, tire pressure monitoring, and cooling systems. This boosts performance, safety, and reliability. Take for example, in April 2024, the International Energy Agency, an autonomous organization based in France, released data indicating that approximately 14 million new electric cars were registered globally in 2023. This is closely mirrored the 2023 Global EV Outlook forecast, bringing the total to 40 million. This indicates a 35% annual increase with 3.5 million more sales than in 2022. Consequently, the surging demand for electric vehicles is fuelling the automotive pressure sensor market.
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What Are the Key Segments Driving Automotive Pressure Sensor Market Growth?
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), After market
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
What Are the Technological Trends Impacting the Automotive Pressure Sensor Market?
Firms that major in the automotive pressure sensor market are intently concentrating on unique future-oriented products which include tire pressure sensors, with an aim of enhancing vehicle safety, performance, and providing alerts and real-time supervision to aid in the prevention of accidents and promotion of fuel economy. These tire pressure sensors are gadgets incorporated within vehicles to deliver and oversee tire pressure details in real-time to the driver, this assures the best performance and safety of the car's tires. For instance, in 2023's September, Infineon Technologies AG, a firm headquartered in Germany and specializes in manufacturing automotive semiconductors, unveiled the XENSIV SP49, a tire pressure supervision sensor. This innovation is significant in boosting the automotive pressure sensor market technology. The sensor assimilates Microelectromechanical Systems (MEMS) sensors and an Application-Specific Integrated Circuit (ASIC) to facilitate clever tire operations like automated on-tire positioning sensing, aiding tire inflation, recognizing blowouts, and determining loads with the help of its robust 32-bit Arm M0+ core, enormous flash memory, and improved acceleration sensing capabilities.
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Who Are the Major Competitors in 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
Which Region Dominates the Automotive Pressure Sensor Market Share in 2025?
Asia-Pacific was the largest region in the automotive pressure sensor market in 2024. 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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