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

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 competitive environment of the 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 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. '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.'

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.

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.

The North America region in the 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.