According to a new market report by Lucintel, the future of the global automotive pressure sensor market looks promising with opportunities in the automotive industry. The global automotive pressure sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 5% from 2020 to 2025. The major growth drivers for this market are high growth of MEMS technology and increasing demand for piezoelectric automotive applications.
To download report brochure, please go to www.lucintel.com/automotive-pressure-sensor-market.aspx and click "download brochure" tab from the menu.
In this market, MEMS, strain gauge, and ceramic are the major technologies of automotive pressure sensors. Lucintel forecasts that the MEMS sensor segment is expected to witness the highest growth over the forecast period due to its wide use in all major advanced applications of electric as well as conventional vehicles.
Within this market, ABS is expected to witness the highest growth over the forecast period due to mandates related to safety and security features in vehicles.
APAC will remain the largest region over the forecast period due to growth of the automotive industry.
Denso, Delphi, Continental, Analog Devices, NXP, Texas Instruments, Melexis, and TE Connectivity are among the major manufacturers of the global automotive pressure sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive pressure sensor market by transduction, technology, application, vehicle, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Automotive Pressure Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive pressure sensor market by transduction, technology, application, vehicle, and region, as follows:
By Transduction [$M shipment analysis for 2014 – 2025]:
Piezoresistive
Capacitive
Optical
Resonant
By Technology [$M shipment analysis for 2014 – 2025]:
MEMS
Strain Gauge
Ceramic
By Application [$M shipment analysis for 2014 – 2025]:
ABS
Airbag
TPMS
Engine
HVAC & Transmission
By Vehicle [$M shipment analysis for 2014 – 2025]:
Passenger Car
Commercial Vehicles
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.