Infinium Global Research has added a new report on Automotive Pressure Sensors Market. The report presents analysis of global as well as regional markets of automotive pressure sensors market over the period of 2016 to 2024. Pressure sensors are the key components in reducing emissions and fuel consumption to decrease the air pollution. Automotive Pressure sensors can vary drastically in technology, design, performance, application suitability, and cost. Rising environmental and safety concerns due to the increasing vehicle numbers is forcing governments to enforce stringent vehicle emission and safety norms in the developed regions. This has resulted in an increased number of automobiles equipped with various safety systems such as EGR(Exhaust gas recirculation), ABS, and airbags, which require pressure sensors for functioning that eventually drives the growth of the Automotive pressure sensors market. In addition, Growing popularity of micro-electromechanical system and nano-electromechanical systems are anticipated to strengthen the growth prospectus of the automotive pressure senor market. However, complex manufacturing process and high cycle time are curtaining the demand for automotive pressure sensor market. The technological advancement in several industries such as automotive, healthcare, and oil and gas, the applications and functionalities of pressure sensors are evolving continuously. Therefore, the demand for piezoresistive pressure sensors and engine optimization is attributed to have wide range of applications in automotive sector. Emergence of fusion box technology is providing several growth opportunities for the key players in the automotive pressure sensor market.
Asia pacific prevailed the automotive pressure sensor market and it is expected to continue its dominance over the upcoming years. Moreover, rapid level of industrialization in Asia pacific region is contributing the growth for automotive pressure sensor market. The boosting market in china is driving the market for automotive pressure sensors. Asia Pacific followed by North America and Europe accounted for more than half of the global market revenue share. The existing vehicles in North America are equipped with advanced safety features and body electronics that serve the majority of the market. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global automotive pressure sensors market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the global automotive pressure sensors market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the automotive pressure sensors market worldwide.
The report segments the global automotive pressure sensors market on the basis of Application and Vehicle Type.
Global Automotive Pressure Sensors Market by Application
· Tire Pressure Monitoring Systems
· Brake Booster Systems
· Exhaust Gas Recirculation Systems
· Engine Management Systems
· Air Bag Systems
· Vehicle Dynamic Control
Global Automotive Pressure Sensors Market by Vehicle Type
· Passenger Car
· Commercial Vehicles
Companies Profiled in the Report
· Robert Bosch
· Infineon technologies
· Sensata Technologies
· Continental AG
· Texas Instruments
· Analog Devices
· NXP Semiconductors
About Infinium Global Research
Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
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