USD 6.70 Billion
Global Automotive Pressure Sensors Market Size, Share, Growth Analysis, By Type(Speed, Position), By Application(Powertrain, Exhaust), By Vehicle Type(Passenger Cars, Light Commercial Vehicles (LCV)) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2214 |
Region:
Global |
Published Date: April, 2024
Pages:
220
|
Tables:
94 |
Figures:
76
Global Automotive Pressure Sensors Market Insights
Global Automotive Pressure Sensors Market size was valued at USD 6.70 Billion in 2022 and is poised to grow from USD 7.40 Billion in 2023 to USD 250.33 Billion by 2031, growing at a CAGR of 10.4% in the forecast period (2024-2031).
The TPMS uses pressure monitoring sensors in each tire that monitor a specific pressure level and transmit data to a centralized control module. TPMS tend to have major advantages in passenger vehicles, where tire pressure monitoring is considered an important safety measure. The global automotive pressure sensors industry is taking steps to provide products that help in reducing the impact of collisions, reducing the number of fatalities and improving the overall safety of vehicles. This will fuel the growth of the global automotive pressure sensors industry during the forecast period.
Continued advances in sensor technology, including the development of non-contact 3D magnetic sensors, drive innovation in the global automotive pressure sensors market. These advances make pressure sensors more accurate, more portable too and durability to meet the evolving needs of automakers.
Stringent regulations on vehicle emissions, safety and fuel efficiency increase the demand for pressure sensors in vehicles. Governments all over the world have issued regulations as it mandates the installation of pressure sensors in vehicles to monitor things like tire pressure and engine emissions, boosting market growth. Growing Electric Vehicle (EV) Market: Increasing adoption of electric vehicles is driving demand for pressure sensors used in battery systems, heating systems, and other critical applications. As the electric vehicle market expands, pressure detection demand is expected to increase accordingly. Emerging autonomous driving technology requires the integration of advanced sensors including pressure sensors to control and monitor vehicles Pressure sensors are important for various autonomous driving functions such as adaptive cruise control, collision avoidance.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Temperature Sensors
Growth Rate
10.4% CAGR
Global Automotive Pressure Sensors Market ($ Bn)
Country Share for North America Region (%)
Global Automotive Pressure Sensors Market By Sensor (%)
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Global Automotive Pressure Sensors Market Segmental Analysis
Based on the type, the market is fragmented into speed, position, pressure, temperature, and others. Based on application, the market is segmented into powertrain, exhaust, chassis, ADAS, and others. Based on vehicle type, the market is divided into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). Based on region, the market is segmented into North America, Europe, Asia Pacific, Rest of the World.
Analysis by Sensor Type
Vehicles use position sensors segment to detect the position of the steering wheel, pedals, manifold flaps, various actuators, valves that can be used to detect and send data about roof or seat position, roof or door closure and provide a vehicle the essential functions have functioned accordingly. Thus, the position sensor segment is likely to dominate the global automotive pressure sensors market share during the forecast period owing to several applications.
The temperature sensor market segment is also predicted to show growth in the global automotive pressure sensors market. Transmission fluid temperature, exhaust gas temperature, engine oil temperature, fuel temperature, coolant water temperature should be monitored to ensure reliable operation of a car engine over its durability.
Analysis by Vehicle Type
The passenger car segment holds the largest market share in the global automotive pressure sensors market. Sensors for mass airflow, coolant and oxygen send signals to the engine control unit to monitor emission rates, monitor temperature changes, adjust spark timing and provide precise fuel delivery. So, the passenger car segment is the largest in the market so due to increasing consumer demand for environmentally friendly safety-conscious vehicles It is expected to gain share.
The light commercial vehicle segment accounted for 14.57% of the global automotive pressure sensors market. The segment will show incremental growth over the forecast period due to increasing awareness of safety and security products and government regulations.
Global Automotive Pressure Sensors Market By Sensor, 2023 (%)
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Global Automotive Pressure Sensors Market Regional Insights
The North America region in the global automotive pressure sensors market is expected to grow significantly. The increasing sales of electric vehicles and the rapid adoption of ADAS products are the reasons for the increased adoption of in-vehicle sensors in North America. North America is expected to grow significantly during the forecast period. The North America regional market is expected to grow owing to the increasing demand for pressure sensors in the TPMS EGR system used in the automotive segment. Key players in the region are also key drivers of market growth. At the same time, increasing demand for pressure sensors in industries such as oil, gas, petrochemicals and pharmaceuticals is also driving rapid market growth in this segment.
The Asia Pacific region in the global automotive pressure sensors market size was estimated at USD 5.52 billion by 2020 and is projected to reach USD 8.51 billion by 2028, growing at a CAGR of 6.77% during the forecast period. Asia Pacific is dormant revealed that the disposable income of the middle class increases in the case of OEMs, cost advantages such as lower vehicle manufacturing costs and availability of cheaper labor but the number of deaths due to vehicles due to accidents has increased in recent years.
Global Automotive Pressure Sensors Market By Region, 2024-2031
- Largest
- Fastest
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Global Automotive Pressure Sensors Market Dynamics
Drivers
Increasing Pressure Detection Requirements to Maximize Growth
- Modern restraint systems use side-by-side airbag pressure devices to meet passenger vehicle safety requirements. The pressure sensor is integrated into the vehicle’s side doors and transmits digital accident signals to the central airbag unit. In addition, the air pressure sensor improves engine efficiency by optimizing spark development in petrol and diesel engines. Thus, the market is expected to grow owing to the increasing use of pressure sensors in engine and automotive safety systems.
Greater Emphasis on Vehicle Safety and Efficiency
- Increased emphasis on vehicle safety and efficiency acts as a key driver for the expansion of the global automotive pressure sensor market. Worldwide, vehicle manufacturers and law enforcement agencies place a high priority on safety features and technologies to reduce accident rates and enhance overall road safety. Pressure sensors play an important role in the advanced safety systems used in modern vehicles. These sensors are used in systems such as tire pressure monitoring system (TPMS), electronic stability control (ESC), brake assist system, airbag deployment system etc. By accurately measuring pressure changes in different parts of the vehicle so, pressure sensors provide real-time monitoring and monitoring, which facilitates rapid response to changing driving conditions and potential safety hazards.
Restraints
Rising Costs and Restrictions in Bad Weather Hinder Growth
- Minimization has made it difficult to reduce the cost of sensors used in advanced driver assistance systems to a target level, most sensors are currently constrained in signal bandwidth and measurement range, making it more difficult to distinguish between system noise and signals, such as roadblocks complications occur. These factors are expected to restrain the growth of the market.
Cost and Technical Difficulties
- Cost and technological challenges pose significant restrictions to the growth of the global automotive pressure sensor market, impacting market dynamics and the pace of innovation. While pressure sensors offer significant advantages in terms of safety, efficiency and performance, their widespread adoption in all automotive component segments faces barriers related to cost and technical complexity.
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Global Automotive Pressure Sensors Market Competitive Landscape
The competitive environment of the Global Automotive Pressure Sensors Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global automotive pressure sensor market presents a competitive scenario characterized by the presence of many prominent players and the development of niche players and startups. Key market players include well-known sensor manufacturers such as Bosch, Continental AG, Denso Corporation, Delphi Technologies and Sensata Technologies. These companies compete based on factors such as products, technological innovation, pricing, and geographical presence. Strategic initiatives such as mergers and acquisitions, partnerships and collaborations are frequently observed among market players to expand their product lines, increase technological capacity and strengthen their market position, cost and technical difficulties.
Top Player’s Company Profiles
- AUTOLIV INC
- DENSO Corporation
- Robert Bosch GmbH
- Continental AG
- ST Microelectronics NV
- Infineon Technologies AG
- Sensata Technologies Inc.
- NXP Semiconductor NV
- Allegro Microsystems, LLC
- Texas Instruments Incorporated
- AlphaSense
- City Technology Ltd.
- Dynament Ltd.
- Figaro Engineering Inc.
- Membrapor
- Nemoto Kyorindo co., Ltd.
- Robert Bosch GmbH
- ABB Ltd.
- Siemens
- GfG Europe Ltd.
Recent Developments
- In June 2023, Thermo Control implemented an Ecostructure Building Management System (BMS) solution in a new plant built by IFM Prover in Sibiu, Romania in partnership with Schneider Electric. This system serves to monitor all electrical and mechanical equipment installed in the factory. In addition, the plant has reduced operating costs by increasing energy efficiency by integrating lighting and electrical wiring, and heat pumps into the BMS solution.
- In February 2023, Bosch Sensortec unveiled new sensors at CES 2023, including an AI-enabled sensor and a magnetometer. The newly introduced BMP585 barometric pressure sensors enable altitude tracking even in harsh environments, such as those fitted to gear designed for swimming these sensors boast extremely low energy consumption, and monitoring realize longer battery life while delivering higher accuracy and less noise.
- In July 2021, Goodyear launched the DrivePoint-Tire Pressure Monitoring System for trucks and passenger cars. This innovative solution requires no tire positioning as the sensors can be mounted on the valves quickly reducing the complexity of installation and associated downtime.
Global Automotive Pressure Sensors Key Market Trends
- Adoption of Non-Interacting 3D Magnetic Sensors: Automakers are promoting non-interacting 3D magnetic sensors to replace potentiometers or optical systems using traditional positioning methods. These sensors prevent damage and contamination errors, save space, and ensure accurate measurements in high-temperature environments. Creators can use 3D magnetic sensation for the modification of the vehicles, such as Gir-Stika, Peadel and Movemental Sensation, STMCROElectronics, Elmos etc. made in the sensation of isha, so the number of acceptable sensors have accidentally advanced technicians.
Global Automotive Pressure Sensors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Commercial automotive comfort capabilities are expected to grow rapidly over the next few years due to more stringent regulations and safety inspections (in particular, emergency braking assist) and increasing vehicle safety awareness therefore there are also rules for point analysis. These vehicles need long-range radar sensors for features such as adaptive cruise control and approximately medium range rear facing radar sensors to detect blind spots and, moreover, 12 ultrasonic sensors for features such as parking assist. Thus, the use of precision sensors is expected to increase as the demand for autonomous vehicles increases.
The global automotive pressure sensors market is witnessing significant growth driven by advancements in automotive technology, increasing focus on vehicle safety and efficiency, and increasing demand for electric and autonomous vehicles Important data is available for systems such as brake and tire pressure monitoring.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.70 Billion |
| Market size value in 2031 | USD 250.33 Billion |
| Growth Rate | 10.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Pressure Sensors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Pressure Sensors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Pressure Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Pressure Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Pressure Sensors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Pressure Sensors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Pressure Sensors Market Report Snapshots
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