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Rising GNI Per Capita Expected to Drive the Scale of Automotive Pressure Sensors During the Forecast Period

The engine system, which includes the engine, exhaust, and fuel pumps, holds the largest share of the automotive pressure sensors market. With technological advancement in the architecture of engine control system, the installation of advanced pressure sensors is required for the efficient operation of the system.

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Rising GNI Per Capita Expected to Drive the Scale of Automotive Pressure Sensors During the Forecast Period

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  1. Rising GNI Per Capita Expected to Drive the Scale of Automotive Pressure Sensors During the Forecast Period The report "Automotive Pressure Sensors Market by Application (ABS, Airbag, TPMS, Engine, HVAC, & Transmission), Technology (MEMS, Strain Gauge, & Ceramic), Transduction (Piezoresistive, Capacitive, Optical, Resonant), Vehicle, EV, & Region - Global Forecast to 2025", The global automotive pressure sensors market is projected to grow at a CAGR of 9.70% from 2017 to 2025, to reach a market size of USD 8.84 Billion by 2025 from USD 4.21 Billion in 2017. The major factors driving the growth of the automotive pressure sensors market are the increasing installation of advanced driver assistance systems, stringent automotive safety and security norms introduced by the government, and rising preference of vehicle electrification among OEMs and Tier I suppliers. Browse 96 market data Tables and 74 Figures spread through 177 Pages and in-depth TOC on "Automotive Pressure Sensors Market by Application (ABS, Airbag, TPMS, Engine, HVAC, & Transmission), Technology (MEMS, Strain Gauge, & Ceramic), Transduction (Piezoresistive, Capacitive, Optical, Resonant), Vehicle, EV, & Region - Global Forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/automotive-pressure-sensor-market-150568300.html Early buyers will receive 10% customization on reports. Engine control application holds the largest market share in 2017 The engine system, which includes the engine, exhaust, and fuel pumps, holds the largest share of the automotive pressure sensors market. With technological advancement in the architecture of engine control system, the installation of advanced pressure sensors is required for the efficient operation of the system. MEMS pressure sensors– Largest share of automotive pressure sensors market in 2017 Micro Electronic Mechanical Systems (MEMS) sensors are one of the most lucrative innovations in the automotive semiconductor industry, owing to their cost-effectiveness and high reliability. MEMS pressure sensors serve manifold applications in the automotive industry, which include measuring manifold air pressure (MAP), fuel rail, fuel tank, and engine oil. As this technology caters the requirement of powertrain and safety systems of automotive industry, MEMS technology is expected to acquire the largest market for automotive pressure sensors. The automotive pressure sensors are typically used to gauge the pressure of liquid and gases in a vehicle. Hence, they can be used in many systems of a vehicle. The automotive pressure sensors market is segmented by application into the transmission, engine control system, power steering, HVAC, airbags, ABS, and direct TPMS. The engine control system is estimated to hold the largest share of the automotive pressure sensors

  2. market, by application. Automotive pressure sensors for the engine control system are used in the engine, fuel injection pump, and exhaust. ABS is estimated to be the fastest growing market for automotive pressure sensors, by application. Factors contributing to the growth of this segment include the mandates related to safety and security features. For example, the mandatory installation of ABS in passenger cars from 2018 in India can boost the market for automotive pressure sensors. By technology, the market for MEMS pressure sensors is estimated to experience the highest growth during the forecast period. With the advent of the era of advanced technologies, the use of advanced MEMS pressure sensors has increased. The MEMS pressure sensors are widely used in all major advanced applications of electric as well as conventional vehicles. Know more about Automotive Pressure Sensors Market Asia Pacific: Rapid vehicle electrification in Chinese market is propelling the growth of Asia Pacific market The growth of the automotive pressure sensors market in Asia Pacific region is expected to be driven by growing vehicle production, government regulations pertaining vehicle safety, rapid vehicle electrification, pressure sensors demand and supply equilibrium, and growing semiconductor industry. The governments in Asia Pacific region are taking several initiatives to improve vehicle safety and are thus driving OEMs to increasingly install safety features in vehicles. Moreover, the booming production of electric vehicles in China is also driving the market for passive sensors like pressure sensors. The report profiles the most promising players in the pressure sensors market. The market presents an interesting picture of a large number of big and small players that have become a force to reckon. The key players in this market are Infineon (Germany), Sensata (US), Robert Bosch (Germany), Denso (Japan), Delphi (UK), Texas Instruments (US), NXP (Netherlands), Analog Device (US), Melexis (Belgium), General Electric (US), and TE Connectivity (Switzerland). Speak to our analyst about Automotive Pressure Sponsors Market About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now

  3. coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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