Market Overview

Global Automotive Pressure Sensors Market 2018-2022 | Growing Demand for Automobiles to Boost Demand | Technavio

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Technavio
analysts forecast the global automotive pressure sensors market to grow
at a CAGR of over 4% during the forecast period, according to
their latest market research report. However, the growth momentum of the
market is expected to decelerate due to a decline in the year-over-year
growth.

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Technavio has published a new market research report on the global automotive pressure sensors marke ...

Technavio has published a new market research report on the global automotive pressure sensors market from 2018-2022. (Graphic: Business Wire)

The increased adoption of MEMS technology by automakers is one of the
major trends being witnessed in the global
automotive pressure sensors market 2018-2022
.
Micro-electro-mechanical systems are miniature systems that combine
minute mechanical structures with electronic circuits. Typical
individual structures have a size of a few micrometers. The MEMS sensor
element is usually packaged together with an ASIC and made into a single
unit. Cost reduction, size, and weight reduction, reliability, and
enhanced functionalities are some of the advantages of MEMS. MEMS
pressure sensors have replaced the traditional silicon-based pressure
sensor in almost every automotive application, such as ABS, airbags, and
in engine transmission systems.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global automotive pressure sensors market is the
growing demand for automobiles:

Global automotive pressure sensors market:
Growing demand for automobiles

The growth of the global automotive pressure sensors market is dependent
on the growth of the global automotive industry. The global automobile
market has grown considerably in the past few years. In 2017, the global
production of passenger vehicles and commercial vehicles was estimated
at more than 97 million, posting a growth of 2.36% when compared with
that of 2016. More than 98 million automobiles are estimated to be
produced in 2018.

According to a senior analyst at Technavio for research on automotive
electronics, "Growing environmental and safety concerns due to
increasing vehicle population, especially in fast-growing cities in
these countries, are forcing governments to impose stringent vehicle
emission and safety norms that are in line with those mandated in the
developed regions. Thus, more number of automobiles are being equipped
with various systems such as EGR system, ABS, and airbag, which require
pressure sensors for functioning. Other advanced systems such as TPMS
are expected to be mandated in vehicles over the forecast period,
thereby driving the demand for pressure sensors."

Global automotive pressure sensors market:
Segmentation analysis

The global automotive pressure sensors market research report provides
market segmentation by end-user (passenger vehicles and commercial
vehicles), and by region (the Americas, EMEA, and APAC). It provides an
in-depth analysis of the prominent factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

The passenger vehicles segment held the largest market share in 2017,
accounting for nearly 73% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 54%. The
region is expected to dominate the market through 2022, with an increase
in its market share.

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  • Market segmentation analysis

Market Sizing

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Market Segmentation

Geographical Segmentation

  • Regional comparison
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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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