The automotive pressure sensors market is estimated to grow at a CAGR of 9.70% during the forecast period, to reach USD 8.84 Billion by 2025. The most significant factor driving the automotive pressure sensors market is the increasing vehicle production, which is leading to a rise in demand for advanced pressure sensors in the automobile. The rising trend of vehicle electrification and growing demand for advanced safety, convenience, and comfort systems are some of the other factors driving the growth of the automotive pressure sensors market.
Increased demand for high-end vehicles and growing stringency of emission regulations have changed the market dynamics for automotive pressure sensors manufacturers. In addition, the leading OEMs are also collaborating with local players to expand their product portfolio and customer base. For example, in June 2017, NXP collaborated with Elektrobit, a leading developer of embedded and connected technology solutions, to develop a new platform for automated driving system. This collaboration helped to integrate NXP’s BlueBox, which is a comprehensive autonomous vehicle computer, with EB robinos software of Elektrobit. In recent years, automotive technologies and products have seen several innovations. One such innovation is the MEMS pressure sensor, which is used in various applications of the automotive industry.
The automotive pressure sensors market is dominated by a few global players and many regional players. The ecosystem of the automotive pressure sensors market includes research & development, raw material supply, assembly and manufacturing, system integration, marketing and sales, automotive manufacturing, end-users, and post sales service. The report also profiles the most promising players in the automotive pressure sensors market. The competitive leadership mapping of this market presents an interesting picture of many big and small players that have become a force to reckon. A few of the key players include Infineon (Germany), Sensata (US), Robert Bosch (Germany), Denso (Japan), and Delphi (UK).
Delphi (UK) is a global supplier of technologies for the automotive and commercial vehicle markets, with a major focus on pressure sensors. The company offers various kinds of automotive sensors such as HVAC temperature sensors, transmission temperature sensors, battery sensors, ammonia sensors, pressure sensors, digital speed and position sensors, and flat response knock sensors. It has an advanced product offering as it actively launches new products in the pressure sensors market. For example, in October 2017, Delphi launched a series of new pressure sensor families to cater the demand of the North American automotive industry. The company has expanded its engine management portfolio that includes one new mass air flow (MAF) sensor for more than 400,000 vehicles; three new manifold absolute pressure sensors covering more than 11 million vehicles.
Another key market player is Infineon (Germany), which is one of the largest suppliers of automotive pressure sensors across the globe. In October 2016, Infineon acquired Dutch fabless MEMS company, Innoluce, for complementing its sensor assortment for automated driving technology. This acquisition helped in expanding the MEMS and integrated signal processing circuitry.
Other major players in the pressure sensors market for automotive are focusing on expanding their regional presence to achieve continuous and sustainable development. This is evident from several collaborations and joint venture projects these companies have undertaken in recent years.
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
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