Global Automotive Pressure Sensors market is projected to grow to USD 8.82 Billion by 2027, at a CAGR of over 9% backed by growing automobile demands, increasing automobile production and growing technological advancements. Use of sensors in electric vehicles in also increases which is further generating the demand of automotive pressure sensors. Automotive pressure sensors for the engine control system are used in the engine, fuel injection pump, and exhaust. Moreover, the mandatory installation of ABS in passenger cars from 2022 in some countries will also boost the market for automotive pressure sensors.
Many industries are adapting quickly to the transition to digital technology. With the help of software and mobile applications, business owners can make things more convenient and efficient. Automotive software is a set of programmable data instructions used to run computer-based in-vehicle applications, including software for embedded systems within vehicles.
In-vehicle computer applications include telematics, infotainment, powertrain, body control and comfort, communication, advanced driver assistance systems (ADAS), and protection. The future of the automobile industry involves cars communicating with each other and with drivers. With so many vehicles needing maintenance and repair, it can be hard for employees to keep track of tasks. Therefore, every workshop, garage, and car shop should invest in the proper automotive software. This will enhance the usefulness and convenience for customers provided by automobile manufacturers.
The use of ADAS technologies in vehicles, increasing usage of connected car services, and the introduction of technological innovations for enhanced user interface (UI) are expected to boost the expansion of the automotive software market. However, the absence of standard protocols for developing software platforms, lack of linked infrastructure, and the troubleshooting and servicing of automotive software are impeding the growth of the industry. Additionally, the potential of 5G and AI, the increasing development of semi-autonomous and autonomous vehicles, and the monetization of data in the extended automotive ecosystem are expected to create attractive growth prospects for the market.
Some of the major key players operating in Automotive Pressure Sensors are Robert Bosch GmbH, Continental AG, Delphi, Denso, Infineon, Texas Instruments, NXP, General Electric etc.
Objective of the Study:
- To assess the demand-supply scenario of Automotive Pressure Sensors which covers production, demand and supply of Automotive Pressure Sensors market globally.
- To analyze and forecast the market size of Automotive Pressure Sensors in terms of volume and Value.
- To classify and forecast global Automotive Pressure Sensors based on vehicle type, Transduction Type, Application, Technology and regional distribution.
- To identify drivers and challenges for global Automotive Pressure Sensors market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Automotive Pressure Sensors market.
- To identify and analyze the profile of leading players involved in the manufacturing of global Automotive Pressure Sensors.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on “ Global Automotive Pressure Sensors Market”https://www.techsciresearch.com/report/global-automotive-pressure-sensors-market/1591.html
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of Automotive Pressure Sensors manufacturers operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings and regional presence of all major Automotive Pressure Sensors supplier across the globe.
TechSci Research calculated the market size for global Automotive Pressure Sensors using a bottom-up technique, wherein manufacturers’ volume sales data for different types of warehouse vehicles, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturer to arrive at the overall market size. Multiple secondary sources such as directories, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Automotive Pressure Sensors manufacturers
- Automobile Manufacturers
- Pressure Sensors Companies
- Traders and distributors of automotive pressure sensors
- Raw material suppliers
- Research Institutes
- Associations, organizations, forums and alliances related to Automotive Pressure Sensors manufacturers.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Automotive Pressure Sensors manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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