Press release
Top Players and Industry Competition in the Automotive Pressure Sensor Market
Automotive Pressure Sensor
Projected Market Size and Growth Trajectory of the Automotive Pressure Sensor Market
The market for automotive pressure sensors is anticipated to grow steadily, reaching a valuation of $16.06 billion by 2029. This reflects a compound annual growth rate (CAGR) of 6.2%. Several factors contribute to this growth, including the rising adoption of electric and hybrid vehicles, increased integration of connected car technologies, a stronger emphasis on vehicle electrification, expanding government initiatives promoting smart transportation, and heightened demand for advanced safety features. Key market trends expected during this period include the development of smaller, multifunctional sensors, the merging of pressure sensors with telematics systems, greater adoption of advanced driver-assistance systems (ADAS), improvements in sensor fusion technologies, and a surge in sensor usage within autonomous vehicles.
Download a free sample of the automotive pressure sensor market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17085&type=smp
Top Companies Driving the Automotive Pressure Sensor Market Forward
The automotive pressure sensor market features several prominent players shaping its future. These include 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, and Gp50.
A significant development occurred in November 2023 when Millar Inc., a US-based manufacturer specializing in pressure sensor-enabled medical devices, acquired Sentron, a Netherlands-based company that produces fully integrated pressure and pH sensors. This acquisition opens new avenues for innovation and global market expansion for both firms.
Evolving Trends Shaping the Future of Automotive Pressure Sensors
Automotive leaders are increasingly focusing on innovative products such as tire pressure sensors, which contribute to vehicle safety and performance by offering real-time monitoring and alerts. These sensors help prevent accidents and enhance fuel efficiency by maintaining optimal tire performance.
For example, in September 2023, Infineon Technologies AG from Germany introduced the XENSIV SP49 tire pressure monitoring sensor. This device integrates Microelectromechanical Systems (MEMS) sensors with an Application-Specific Integrated Circuit (ASIC) to provide advanced tire functionalities, including automatic tire position sensing, assistance with inflation, blowout detection, and load identification. It achieves these capabilities thanks to a powerful 32-bit Arm M0+ core, large flash memory, and optimized acceleration sensing.
View the full automotive pressure sensor market report:
https://www.thebusinessresearchcompany.com/report/automotive-pressure-sensor-global-market-report
Key Segmentation in the Global Automotive Pressure Sensor Market
The automotive pressure sensor market is categorized into several important segments for detailed analysis:
1) Technology: Piezoelectric, Capacitive, Optical, Electromagnetic, Resonant, and Other Technologies
2) Fuel Type: Petrol, Diesel, Electric, Hybrid, and Other Fuel Types
3) Vehicle Type: Passenger Vehicles, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV)
4) Application: Sensors for HVAC pressure, fuel pressure, oil pressure, manifold pressure, tire pressure monitoring, airbag systems, engine control, power steering, transmission, anti-lock braking systems (ABS), among others
5) Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket
Further subsegments break down the technologies more specifically:
- Piezoelectric sensors include high-pressure, low-pressure, dynamic pressure, and differential pressure sensors
- Capacitive sensors cover differential, absolute, gauge, and microcapacitive types
- Optical sensors involve fiber optic, Fabry-Perot interferometric, and optical fiber Bragg grating sensors
- Electromagnetic sensors consist of inductive, magnetostrictive, and eddy current types
- Resonant technologies include surface acoustic wave (SAW), quartz crystal resonance, and resonant MEMS sensors
- Other technologies include strain gauge, piezoresistive, optical MEMS, microelectromechanical systems (MEMS)-based sensors, and capacitive MEMS pressure sensors
Together, these segments provide a comprehensive framework for understanding the varied technologies, applications, and market approaches defining the automotive pressure sensor industry today.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Top Players and Industry Competition in the Automotive Pressure Sensor Market here
News-ID: 4322287 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
