Automotive Pressure Sensors Market to grow at 7% compound annual growth rate from 2018 to 2023, according to “Global Automotive Pressure Sensors Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on
Global Automotive Pressure Sensors Market Highlights:
The market for automotive pressure sensor systems is expected to grow with an increase in demand for automobile, majorly in the U. S. There is an immense demand of commercial vehicles in the country. With the increase in demand of commercial vehicles, there has been an increase in demand for automotive pressure sensor market. The growth of the North America region is also driven by the presence of major automotive system manufacturers, which are mainly focusing on key developments such as expansion, mergers & acquisition, product launch and others.
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Automotive Pressure Sensors Market Key Companies Studied in this report are:
Infineon (Germany), Sensata (US), Robert Bosch (Germany), Denso (Japan), Delphi (UK), Texas Instruments (US), NXP (Netherlands), Analog Device (US), Melexis (Belgium), General Electric (US), and TE Connectivity (Switzerland).
Earlier available only in premium vehicles, automobile manufacturers have started integrating these features in entry level vehicles and broaden their customer base thus propelling the demand in the automotive pressure sensor market. With the increasing popularity of vehicle electrification among individuals, the market for automotive pressure sensor, is expected to register high growth rate during the forecast period.
Market Segments Analysis:
The global Automotive Pressure Sensor market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Application: Comprises ABS, Airbag, TPMS, Engine, HVAC, & Transmission.
Segmentation by Technology: Comprises MEMS, Strain Gauge, & Ceramic.
Segmentation by Vehicles: Comprises Passenger Vehicle and Commercial Vehicle.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Geographical regions Analysis:
The market for automotive pressure sensor systems is expected to grow with an increase in demand for automobile, majorly in the U. S. There is an immense demand of commercial vehicles in the country. With the increase in demand of commercial vehicles, there has been an increase in demand for automotive pressure sensor market. The growth of the North America region is also driven by the presence of major automotive system manufacturers, which are mainly focusing on key developments such as expansion, mergers & acquisition, product launch and others. Existence of major manufacturers and availability of sophisticated technology in this region is expected to propel the demand in the automotive pressure sensor market during the forecast period. Owing to all these factors, the growth of the region is expected to grow at a rapid pace.
Due to the presence of most populous countries of the world such as China and India, the dominance of Asia Pacific becomes evident in the global automotive pressure sensor systems market value. Automotive Pressure Sensor systems market has been experiencing rapid growth in the last two years, owing to the rising sales of passenger cars, emerging economies, shift of global players and technological advancements, as they are giving the much needed thrust to the market. Rapid rise in vehicle production compliments the automotive pressure sensor market in this region. Another major reason behind Asia Pacific leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09 and have been able to showcase continued growth in automobile production and sales, across the globe.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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