Global Automotive Pressure Sensors Market Size, Share and Trends Analysis Report, By Vehicle Type (Light Commercial Vehicle and Heavy Commercial Vehicle), By Application (Tire Pressure Monitoring System, Brake Booster System, Engine Management System, and Others), Forecast Period (2022-2028)

The global automotive pressure sensors market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2022-2028). Over time, the automotive pressure sensor market has seen continuous expansion. The automotive pressure sensor market is likely to benefit from the expansion in the automotive industry. The automotive pressure sensor market is largely driven by increased demand for safety features in automobiles, severe government regulations, and fast-expanding safety consciousness among individuals. The automotive pressure sensor market has a bright future due to the growing integration of advanced driver assistance systems in automobiles.

Automotive manufacturers have been increasingly integrating automotive pressure sensors in vehicles as the New Car Assessments Program awards safety ratings based on vehicle safety performance. Previously only accessible in premium vehicles, automakers have begun to integrate these features into entry-level vehicles in order to extend their customer base, hence driving demand in the automotive pressure sensor market. The market for automotive pressure sensors is predicted to rise rapidly during the forecast period, owing to the growing popularity of car electrification among consumers.

The dominance of Asia-Pacific in the global automotive pressure sensor systems market value is evident due to the existence of the globe’s most populous countries, such as China and India. Due to increased passenger vehicle sales, emerging economies, shifts in global players, and technical improvements, the automotive pressure sensor systems market has seen tremendous growth in the previous two years, providing the market with much-needed momentum. The automotive pressure sensor market in this region benefits from the rapid increase in car production.

Some major players in the market include DENSO Corp., Honeywell International Inc., Infineon Technologies AG, and Robert Bosch GmbH. ST Microelectronics NV, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.

Robert Bosch GmbH offers MEMS (micro-electro-mechanical system) sensor technology in chip format an acceleration sensor is made up of microscopic silicon comb-shaped fingers that interlock with one another. The combs shift against each other in the event of an abrupt change, such as when the car brakes are applied or when it slips. As a result, the distance between the fingers changes, which has an impact on the voltage applied to the combs. This difference is observable and can be converted into an electric signal by the sensor.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Vehicle Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- DENSO Corp., Honeywell International Inc., Infineon Technologies AG, Robert Bosch GmbH. ST Microelectronics NV, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Pressure Sensors Market Report by Segment

By Vehicle Type

• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Application

• Tire Pressure Monitoring System
• Brake Booster System
• Engine Management System
• Others

Global Automotive Pressure Sensors Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa