Global Automotive Pressure Sensor Market by Type (ABS, Airbags, TPMS, Engine Control System, HVAC, Power Steering, Transmission), By Application (Passenger Vehicle, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Automotive Pressure Sensor Market size is projected to grow at a CAGR of around 6.7% from 2021 to 2028. The global automotive pressure sensor market was valued at US$ 1,089.1 Million in 2018 and is expected to reach US$ XXXX.X Million by 2028 with the help of growing demand for electric vehicles (EVs) and the rising popularity of autonomous driving technology in passenger cars.

An automotive pressure sensor is an electronic component that monitors the air or fluid pressure within a vehicle’s battery, engine management system, fuel injectors, and other parts of its operation. These sensors are used in passenger cars to monitor tire pressures through TPMS systems for ensuring safe driving conditions on highways. Pressure sensors are also used in commercial vehicles for Airbag systems and engine control.

On the basis of Type, the global automotive pressure sensor market is segmented into ABS, Airbags, TPMS, Engine Control systems, HVAC, and Power Steering.

ABS:

ABS is an anti-lock braking system that helps vehicle drivers maintain steering control during braking on slick or slippery surfaces such as snow or ice, wet roads or graveled roads, etc., by preventing wheel lockup while braking which can lead to skidding and loss of control. ABS sensors use pressure sensors to measure the car’s deceleration and braking force, which in turn are used to help determine when wheel lockup is about to occur so that it can be prevented by either applying more brakes or releasing some brake before wheel lock-up occurs.

Airbags:

These are safety devices that give protection to the driver and passengers in case of an accident. The airbag sensor monitors pressure from a gas generator, which produces air for inflating the device when necessary. Airbag sensors are connected to an airbag control unit which activates the device in case of a collision. The sensor can also be replaced with other pressure sensing devices like piezoelectric film or capacitive systems that measure changes in voltage due to decreases in air pressure from the gas generator.

TPMS:

TPM is one of the most popular systems used on cars these days as it helps drivers know about the tire pressure and avoid any mishaps due to a flat tire. The Tire Pressure Monitoring System (TPMS) is designed for monitoring tire pressures emitted from inflatable safety belts around each wheel and monitors inflation levels by using built-in pressure sensors. These are usually fitted at least on one side of all four tires, although there has been some development work done to have them installed on both sides.

Engine Control Systems:

In this scenario, engine control sensors monitor input signals from other parts like throttle position sensor or fuel level sensor which feed data back to ECM controller where it processes these inputs before sending signal output commands back again via actuators. These are components of an engine that measure a car's operational parameters such as temperature, voltage, etc. Engine control systems also command fuel injectors, ignition systems, and airflow meters.

HVAC:

HVAC is the abbreviation for Heating, Ventilation, and Air Conditioning. HVAC units are also sometimes referred to as heating and cooling systems or climate control systems. The purpose of these appliances is to regulate temperature levels indoors and provide a comfortable environment conducive to work or living in general. They do so by circulating air over various components - such as coils, fans, motors, filters, pumps, etc - that either heat it up (in winter) or cool it down (during summer).

Power Steering:

The power steering system is used in the automobile to steer and control the direction of rotation. This type of system can be found on vehicles with front-wheel drive, rear-wheel drive, all-wheel drive, or four-wheel drive. Power steering systems are also installed for use by disabled people that cannot operate a manual vehicle without it due to their disability. The power-assisted pump fluidly delivers gas from the reservoir through hydraulic lines to an actuator where pressure is created which turns the wheels left and right at the driver’s command using various means such as pedals mounted on floorboards for manual transmission cars or foot controls operated electronically for automatic transmission cars.

On the basis of Application, the global automotive pressure sensor market is segmented into Passenger vehicles or Commercial vehicles.

Passenger Vehicles:

Passenger Vehicles are built with various sensors that control the engine, fuel supply, and temperature. The information from these sensors is processed by the ECM controller where it calculates how much power should be delivered to a car's wheels through actuators and sends signals back again to Engine Control Systems (ECS) once more for feedback. The sensors in a passenger vehicle can be categorized into two main types, such as hydraulic and electronic. Hydraulic pressure sensors are often used to measure the fluid levels of engine oil, coolant, and brake fluid with respect to temperature. Electronic pressure sensors on the other hand measure air intakes for feedback control from Mass Air Flow (MAF) meters or Engine Control Systems (ECS).

Commercial Vehicles:

The application of automotive pressure sensors in Commercial vehicles includes ABS, Airbags, TPMS, and Engine Control Systems. Commercial vehicles like trucks and busses rely on pressure sensors to help monitor their tire pressures. The sensors send data wirelessly through the vehicle's computer system, which will then display the value of each individual tire as well as a warning if one has insufficient air in it. This technology also helps in preventing accidents by providing drivers with alerts if a tire is about to lose pressure. It can warn of other problems as well, such as extreme temperature change and under-inflation, which may lead to the risk of overheating or catastrophic blowouts.

On the basis of Region, the global automotive pressure sensor market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North American region accounted for the largest market share in 2017. In this region, the US is one of the major markets. It has a large and well-established automotive industry with its high vehicle production capacity and demand from both internal as well as international customers. Canada too, which is one of the most developed economies among all other countries near to it, contributed significantly toward increasing regional revenue shares during 2011-2017

Latin American countries that are economically stable have been growing at an exponential rate due to their lucrative investment opportunities coupled with political stability. South America's two main players Brazil and Argentina account for more than 90% of total sales throughout these regions respectively while Central America continues to expand steadily owing to increased production of natural resources and commodities.

Europe is one of the most mature markets globally owing to its wide industrial base which comprises more than 500 companies that employ over 380,000 people across 38 member nations. In addition to this qualitative aspect, these regions offer favorable fiscal terms including reduced tax rates on capital gains and dividends making them more attractive for international investors.

Asia Pacific (APAC) boasts one of the fastest-growing automotive markets globally owing to increased demand from increasingly affluent populations coupled with low-interest credit conditions fueling economic growth across this region's many developing countries like China and India. Consequently, investments have been pouring into new facilities to meet growing demand in the region's automotive sector. In 2017, China represented more than a quarter of all global vehicle sales and is expected to maintain its position as the world's largest market for at least another decade according to IHS Automotive Research. In fact, it is projected that by 2027 there will be no country with a larger annual new-car sales volume than China based on current trends.

Growth Factors For The Global Automotive Pressure Sensor Market:

The factors driving the global automotive pressure sensor market are growing demand for improved fuel efficiency in vehicles, increasing use of advanced driver-assistance systems, and high product innovation. The major restraining factor is an increase in the adoption of electronic power steering (EPS) systems which reduces the need to replace oil seals that cause leakages leading to a slowdown or decline in this segment. The growth can be attributed to increasing demand in the commercial vehicle and passenger vehicle application segments, owing to the higher risk involved with driving on bad roads or congested cities. Moreover, stringent regulations for emission control are increasingly demanding sensors that measure air density so as to accurately determine an optimum combustion ratio; such requirements will also fuel the market growth over the course of this study’s timeframe.

Up Market Research published a new report titled “Automotive Pressure Sensor Market research report which is segmented by Types (ABS, Airbags, TPMS, Engine Control System, HVAC, Power Steering, Transmission), By Applications (Passenger Vehicle, Commercial Vehicle), By Players/Companies Robert Bosch, Continental, DENSO, Analog Devices, Sensata Technologies, Delphi, Infineon Technologies, STMicroelectronics, Valeo, Hitachi, Autoliv, Mobis, ZF, NXP Semiconductors, Bourns”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Pressure Sensor Market Report Segments:

The market is segmented by Type ABS, Airbags, TPMS, Engine Control System, HVAC, Power Steering, Transmission and By Application Passenger Vehicle, Commercial Vehicle.

Some of the companies that are profiled in this report are:

1. Robert Bosch
2. Continental
3. DENSO
4. Analog Devices
5. Sensata Technologies
6. Delphi
7. Infineon Technologies
8. STMicroelectronics
9. Valeo
10. Hitachi
11. Autoliv
12. Mobis
13. ZF
14. NXP Semiconductors
15. Bourns

Automotive Pressure Sensor Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Pressure Sensor Market

Overview of the regional outlook of the Automotive Pressure Sensor Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Pressure Sensor Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Pressure Sensor Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. ABS

                2. Airbags

                3. TPMS

                4. Engine Control System

                5. HVAC

                6. Power Steering

                7. Transmission

                1. Passenger Vehicle

                2. Commercial Vehicle

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Pressure Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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• Business Expansion Strategies
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Automotive Pressure Sensor Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.