According to a new market report by Lucintel, the future of the global manifold absolute pressure sensor market looks promising with opportunities in automotive industry. The global manifold absolute 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 demand for more secure vehicles, rising need for error-free engine functionality, and consumers’ inclination towards security as well as safety.
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In this market, 1 bar, 2 bar, 3 bar, and 4 bar are the four types pressure ratings used in manifold absolute pressure sensors. By fuel type, the market can be segmented as diesel, petrol, and others. In this market includes by vehicle type, light commercial vehicle, passenger cars, heavy vehicles and others.
Within the manifold absolute pressure sensor market, light commercial vehicles, passenger cars, and heavy commercial vehicles are the major vehicle types.
Asia Pacific is expected to witness the highest growth over the forecast period, supported by growth of the automotive industry.
Continental AG, Mitsubishi Electric, Denso, Hella, Infineon, CTS Corporation, NXP Semiconductors, Robert Bosch, and Delphi Technologies are among the major manufacturers of the manifold absolute pressure sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global manifold absolute pressure sensor market by pressure rating, fuel type, application, vehicle type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Manifold Absolute 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 manifold absolute pressure sensor market by pressure rating, fuel type, application, vehicle type, and region as follows:
By Pressure Rating [$M shipment analysis for 2014 – 2025]:
By Fuel Type [$M shipment analysis for 2014 – 2025]:
By Application [$M shipment analysis for 2014 – 2025]:
Exhaust Gas Recirculation (EGR)
Barometric Pressure
By Vehicle Type [$M shipment analysis for 2014 – 2025]:
Light Commercial Vehicles
Passenger Cars
Heavy Commercial Vehicles
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
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.
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