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Automotive Pressure Sensor Market Share

ID: MRFR//3476-HCR | 111 Pages | Author: Sejal Akre| November 2024

The piece of the pie situating systems of the Automotive Pressure Sensor Market are basic components that characterize how organizations contend and lay out their presence in the business. One common procedure utilized by organizations is separation. In a jam-packed market, organizations center around creating remarkable elements and functionalities in their tension sensors to stand apart from contenders. This could be accomplished through advancements in sensor technology, such as the capacity to simultaneously monitor multiple parameters, improve accuracy, or speed up response times. Companies aim to increase their market share by providing distinct benefits, attracting customers who value distinct product features.

Cost situating is one more key technique in the Automotive Pressure Sensor Market. A few organizations decide to contend in light of evaluating, offering financially savvy arrangements without settling for less on quality. This procedure focuses on a more extensive client base, especially in cost delicate business sectors. Organizations might accomplish cost benefits through effective assembling processes, economies of scale, or vital provider connections. This approach permits them to acquire a portion of the overall industry by engaging thrifty clients and protecting agreements with automakers searching for practical sensor arrangements.

Joint effort and organizations address an essential methodology for portion of the overall industry situating. Organizations in the Market frequently team up with car makers to coordinate their sensors into new vehicle models. Sensor manufacturers have the potential to capture a sizable portion of the market by forging strong alliances with significant players in the automotive sector. These coordinated efforts add to income development as well as improve the believability and perceivability of the sensor maker as a solid industry accomplice.

Geological extension is a significant system for piece of the pie situating, particularly as the car business keeps on globalizing. Companies want to have a strong presence in important automotive markets all over the world. This includes figuring out territorial requests, following nearby guidelines, and fitting items to meet the particular requirements of each market. By extending their impression universally, organizations can take advantage of different client bases, reinforce their memorability, and gain a greater portion of the overall industry.

Consistent advancement and innovative work (Research and development) are key systems for piece of the pie situating in the Automotive Pressure Sensor Market. With innovation developing quickly, organizations that put resources into Research and development to foster state of the art sensor arrangements can acquire an upper hand. By remaining in front of mechanical patterns, organizations position themselves as pioneers in development, drawing in clients who focus on the most recent progressions in sensor innovation. This system assists in catching with promoting share as well as lays out a drawn-out presence in the business.

Market division is an essential methodology that includes focusing on unambiguous client fragments with custom-made items. Organizations investigate the assorted requirements of the car market and foster strain sensors that take care of various applications and vehicle types. This permits organizations to catch pieces of the pie in specialty fragments where their sensors offer the most worth. Whether focusing on business vehicles, extravagance vehicles, or explicit sensor applications, compelling division empowers organizations to situate themselves as experts, specifically market sections.

Brand situating is a procedure that spotlights on building areas of strength for a conspicuous brand picture in the Market. A deeply grounded brand with a positive standing for dependability, quality, and development can order at exceptional cost and draw in a reliable client base. Organizations put resources into promoting endeavors to impart their image esteem and separate themselves from contenders. A solid brand picture assists in acquiring with promoting share as well as gives an establishment to future development and extension.

In rundown, the piece of the pie situating systems in the Market are different and dynamic. Separation, evaluating, coordinated effort, geological extension, development, market division, and brand situating are fundamental techniques utilized by organizations to lay out major areas of strength for an in the serious market. As innovation proceeds to progress and client inclinations develop, organizations that adjust and adjust their techniques to showcase patterns will be better situated to succeed and catch a critical portion of the Automotive Pressure Sensor Market.

Covered Aspects:

Report Attribute/Metric	Details
Base Year For Estimation	2022
Forecast Period	2022-2030
Growth Rate	9%(2022-2030)

Automotive Pressure Sensor Market Highlights:

Automotive Pressure Sensor Market Trends

Automotive Pressure Sensor Market Analysis

Automotive Pressure Sensor Market Share

Automotive Pressure Sensor Companies

Automotive Pressure Sensors Market Overview

The global Automotive Pressure Sensors market size is projected to reach approximately USD 10,300 Million by 2030, at a CAGR of 9% from 2020 to 2030. A pressure sensor is designed to measure the pressure found in gases or liquids. Pressure is a measurement of the force that stops fluid from expanding and is usually expressed in terms of force per square unit of area. A pressure sensor is a device that transmits an electrical signal when in contact with varying pressure.

Market Dynamics

The automotive pressure sensors market is expected to grow in the coming years due to the increasing demand for safety and security features in vehicles. Pressure sensors are used in a variety of applications such as tire pressure monitoring, engine control, and transmission control. The increasing demand for fuel-efficient and emission-reduction vehicles is also expected to boost the demand for pressure sensors.

Drivers

Growth in the MEMs sensors

MEMs sensors are high-precision sensors that serve a wide array of automotive applications. They were originally expensive and were used on luxury vehicles. However, in recent years, the installation of these pressure sensors has increased due to government regulations regarding the security of passengers. MEMs sensors project huge growth due to the development in CMOS tech. It will be more advanced and integrated in the future. With an increase in the installation of pressure sensors, automotive vehicles are expected to have a safer ride while passengers are also likely to enjoy improved safety. This will result in increased spending on pressure sensors and the market is expected to boom.

Restraint:

High costs

Several factors are restraining the growth of the automotive pressure sensors market. Firstly, the high cost of pressure sensors is a major barrier to adoption, as automotive manufacturers are increasingly looking to reduce costs. Secondly, the automotive industry is highly competitive, and pressure sensors are not currently a standard feature on vehicles. This means that there is little incentive for manufacturers to adopt them, as they would be at a competitive disadvantage. Finally, the automotive sector is currently facing several challenges, including the transition to electric vehicles, which is likely to have an impact on the demand for pressure sensors.

Opportunity:

Increase usage in the automotive sector

Automotive pressure sensors are used in a wide range of automotive applications, from simple pressure gauges to complex engine management systems. This growth in the automotive industry is driven by the increasing demand for electric cars and soaring growth rates in China. and India.

Market Segment Overview

By Application

Based on Application, the global Automotive Pressure Sensors market has been segmented based on ABS, Airbag, TPMS, Engine, HVAC, & Transmission. The TPMS segment is the fastest growing in the global Automotive Pressure Sensors market.

By Technology

Based on the technology, the global Automotive Pressure Sensors market has been segmented based on MEMS, Strain Gauge, & Ceramic. The MEMS segment is expected to be the fastest growing in the global Automotive Pressure Sensors market.

By Vehicle Type

Based on the vehicle type, the global Automotive Pressure Sensors market has been segmented based on Passenger Vehicle and Commercial Vehicle. The commercial vehicles segment is expected to be the largest in the global Automotive Pressure Sensors market.

Global Automotive Pressure Sensors Market Share, by Region, 2020 (%)Regional Analysis

By region, the global Automotive Pressure Sensors market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific region holds the largest market for the Automotive Pressure Sensors business.

Asia-Pacific Market

Due to the presence of large countries like China & India, Asia Pacific regions are dominating the global automotive industries. The market value of pressure sensors has become high due in part to this boom. In the last couple of years, sales of automotive pressure sensor systems have increased significantly. This increase is largely attributed to increases in global digitalization and innovations that are slowly revolutionizing the industry. Automotive pressure sensor system manufacturers have since adapted to these changes and are now expanding their products across a broad range of car models & vehicles in emerging countries. In this region, rapid growth in the production of cars & trucks is leading to a rise in the automotive pressure sensor market.

North America Market

Increasing demand for commercial vehicles has led to an increase in demand for automotive pressure sensors over the past few years. The North American region is seeing a sustained amount of growth as companies from all over the world continue to set up in this area. This is due to its large automotive system manufacturers and others who are focused on key developments such as expansion, mergers & acquisitions, product launches, and more. Growth in demand for automotive pressure sensors is expected to be driven by factors like the overall increasing number of vehicles being made in the region and growing production at high-tech manufacturers.

Competitive Landscape

The market comprises various national and international players. The market players are investing in R&D and also finding new ways to develop and improve product portfolios. Various players are entering into expansion, new product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.

Prominent players in the global Automotive Pressure Sensors market include Infineon, Sensata, Robert Bosch, Denso, Delphi, Texas Instruments, NXP, Analog Device, Melexis, General Electric, and TE Connectivity.

Industry Developments

January 2024: In Belgium, Melexis has introduced its first Triphibian MEMS pressure sensor using a new patented architecture.

Melexis’ Triphibian MEMS pressure sensor operates in gas and liquid measurements from 2 to 70 bar and is packaged in a 16-pin SO16 package.

The sensing mechanism consists of a cantilever with the diaphragm suspended at its tip, which enables the sensor to withstand pressure spikes up to 2000 bar/msec and static bursts up to 210 bar. The two available calibrated ranges (10 or 35 bar) are each tailored for different EV thermal management systems, such as low/high-pressure refrigeration loops.

To facilitate integration with advanced electric vehicles' thermal management systems, the factory-calibrated device measures absolute pressure and provides a proportional analog output signal.

According to Melexis, this novel ability is made possible by Triphibian technology for MEMS sensors that can make accurate measurements even when in contact with liquids above five bars.

The MLX90830’s design inherently offers more mechanical ruggedness than rear-side exposed solutions with a pressure difference between the glass pedestal side and wire bonding side. Equally applicable for cryogenic media, this allows the MLX90830’s first-ever use in MEMS pressure sensors to operate under such conditions, thus making it able to survive being frozen.

It includes an analog output driver interface, digital hardware, voltage regulators and a sensor readout circuit. The bridge resistors on the membrane consist of piezo-resistive elements, which form part of Wheatstone Bridge, generating an output signal. This signal is amplified and converted into digital format so that Digital Signal Processing (DSP), which is sixteen-bit, applies temperature compensation before providing the result as an analog output per se.

For instance, this sensor also features advanced protection against overvoltage (above +40 V) and reverse voltage (below -40 V). Therefore, it can be used with trucks. The MLX90830 has been developed as a Safety Element out of Context (SEooC) under ISO 26262, enabling up to ASIL B system integration, ensuring it meets the latest EV safety demands.

Scope of the Report

Global Automotive Pressure Sensors Market, by Application

Airbag

TPMS

Engine

HVAC

Transmission

Global Automotive Pressure Sensors Market, by Technology

MEMS

Strain Gauge

Ceramic

Global Automotive Pressure Sensors Market, by Vehicle Type

Passenger Vehicle

Commercial Vehicle

Global Automotive Pressure Sensors Market, by Region

North America
- US
- Canada
- Mexico

Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia-Pacific

Rest of the World
- South America
- Middle East
- Africa

Automotive Pressure Sensor Companies

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