Automotive Pressure Sensors Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Automotive Pressure Sensors market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Automotive Pressure Sensors Market report is anticipated to register a CAGR of 8.14% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Automotive Pressure Sensors Market are –
- Robert Bosch Gmbh
- Nxp Semiconductor
- Continental Ag
- Panasonic Corporation
- Honeywell International Inc
- And St Microelectronics Nv
In 2017, the automotive pressure sensor market was valued at USD 3.98 billion and is expected to reach a value of USD 6.36 billion by 2023, registering a CAGR of about 8.14% during 2018-2023 (the forecast period). The report cover regions like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. By type of vehicles, the scope of the report includes light commercial vehicles, heavy commercial vehicles, and alternative fuel vehicles. By application, it is limited to tire pressure monitoring systems, brake booster systems, engine management system, exhaust gas recirculation systems, air bag systems, and vehicle dynamic control.
In Terms of Product Type, the Passenger Cars Segment accounted for the Highest Market Share
Due to the rising purchasing power of the millennial population, the demand for passenger cars is growing. For an average consumer, truck is a reliable option, as it has good fuel efficiency and safety features. These factors drive the growth of the heavy weight vehicles segment. Premium vehicles and utilities continue to drive the sales rate of light vehicles, which cumulatively is expected to contribute to a growth in demand for temperature sensors during the forecast period.
The Engine Management Systems Segment Holds the Major Share in Application
The engine management systems (EMS) are small in size, therefore their engines are made eco-friendly, without compromising the performance of vehicles. Reduction in the size of engine increases the fuel efficiency, leading to a better mileage. Barometric pressure sensor is an essential part in EMS for gasoline and diesel engines. Fuel economy standards, such as carbon dioxide, carbon monoxide, and nitrogen oxide emission limits, are getting stringent worldwide, thus, there are many restrictions on emissions .This factor has compelled manufacturers to develop fuel-efficient EMS complying with emission standards, therefore, driving the demand for EMS in the pressure sensors market during the forecast period.
Asia-Pacific Holds the Major Market Share among all Other Regions
The growth in Asia-Pacific owes to the development of automotive industry in countries, like China and India. The regulations imposed, regarding safety and emission controls, in North America, Europe, and Latin America are expected to boost the market significantly, during the forecast period. The Middle East & African market is anticipated to witness a stagnant growth during the forecast period.
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Scope of the Report:
The report analyses Automotive Pressure Sensors market, which includes –
- Analysis of the growth of Automotive Pressure Sensors market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Automotive Pressure Sensors market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Automotive Pressure Sensors market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Automotive Pressure Sensors market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Automotive Pressure Sensors Market Report:
- Varying dynamics of the Automotive Pressure Sensors industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Automotive Pressure Sensors market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Automotive Pressure Sensors market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Automotive Pressure Sensors Market Report:
- The report analyses how stringent emission control norms will drive the global Automotive Pressure Sensors market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Automotive Pressure Sensors market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Automotive Pressure Sensors:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Automotive Pressure Sensors Market Report @ https://www.360marketupdates.com/TOC/12885976#TOC
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