The global automotive pressure sensors market to grow at a CAGR of 6.47% during the period 2017-2021.
Global Automotive Pressure Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. To calculate the market size, the report considers the combination of top-down and bottom-up approaches, wherein the in-house databases have been used to arrive at the global automotive pressure sensors market.
According to the report, one of the major drivers for this market is rising focus on passenger and environmental safety. The automotive industry has been witnessing growing consumer demand for fuel-efficiency, safety, reduced emissions in the interests of promoting a better driving and travel experience. This has resulted in an increased demand for automotive pressure sensors.
The latest trend gaining momentum in the market is shifting focus of OEMs toward autonomous vehicles to influence pressure sensors market. Companies such as Delphi, Continental, Bosch, Audi, Mercedes-Benz, and Google are working to expand the autonomous driving concept. Such campaigns and promotions have widened the market acceptance of semi-autonomous features in passenger vehicle. Self-driving cars are already becoming a reality. Automotive majors such as Mercedes-Benz and BMW are in the advanced levels of achieving such a reality.
Further, the report states that one of the major factors hindering the growth of this market is rising demand for EVs to affect automotive pressure sensors market. Automobiles today have an electronic component content going as high as 50% of the cost of the automobile owing to increased safety features like driver assistance system (DAS) and regulatory mandates stipulating mandatory installation of OBD2 to reduce greenhouse gas (GHG) emissions.
- Infineon Technologies
- Sensata Technologies
Other Prominent Vendors:
- Analog Devices
- Emerson Electric
- Freescale (NXP Semiconductors)
- Murata Manufacturing
- Silicon Microstructures
- TE Connectivity
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by geography
Part 08: Market drivers
Part 09: Market challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
Part 14: Extras
For more information about this report visit http://www.researchandmarkets.com/research/bmcl65/global_automotive
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SOURCE Research and Markets