Automotive Pressure Sensor Market to Reach $16.06 Billion by 2029, Expanding at 6.2% CAGR

Offering reliable and timely data, this report is a key resource for anyone building or refining their automotive pressure sensor industry roadmap.

What Is The Expected CAGR For The Automotive Pressure Sensor Market Through 2025?
The automotive pressure sensor market size has grown strongly in recent years. It will grow from $11.88 billion in 2024 to $12.6 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing vehicle production, stringent emission regulations, growing demand for fuel-efficient vehicles, growing awareness of vehicle maintenance, and increasing disposable income.

The automotive pressure sensor market size is expected to see strong growth in the next few years. It will grow to $16.06 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to continued growth of electric and hybrid vehicles, rising demand for connected car technologies, growing focus on vehicle electrification, increasing government initiatives for smart transportation, and rising demand for enhanced safety features. Major trends in the forecast period include development of miniaturized and multifunctional sensors, integration of pressure sensors with telematics systems, increasing integration of advanced driver-assistance systems (ADAS), advancements in sensor fusion technologies, and increasing demand for sensors in autonomous vehicles.

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Which Key Factors Will Influence Automotive Pressure Sensor Market Growth Over 2025-2034?
The increasing demand for electric vehicles is anticipated to drive the growth of the automotive pressure sensor market. Electric vehicles are automobiles powered by electric motors, utilizing rechargeable batteries or other energy storage systems as their primary source of propulsion. The increasing demand for electric vehicles is driven by factors such as stringent emission regulations, advancements in battery technology, growing environmental awareness, government incentives, and rising fuel costs. Automotive pressure sensors enhance the demand for electric vehicles by ensuring the efficient operation of critical systems such as battery management, tire pressure monitoring, and cooling systems, thereby improving performance, safety, and reliability. For instance, in April 2024, according to the data shared by the International Energy Agency, a France-based autonomous organization, nearly 14 million new electric cars were registered globally in 2023, closely tracking the 2023 Global EV Outlook forecast and bringing the total to 40 million. This represents a 35% year-on-year increase, with 3.5 million more sales than in 2022. Therefore, the increasing demand for electric vehicles is driving the automotive pressure sensor market.

Comprehensive Segment-Wise Insights Into The Automotive Pressure Sensor Market
The automotive pressure sensormarket covered in this report is segmented –

1) By Technology: Piezoelectric, Capacitive, Optical, Electromagnetic, Resonant, Other Technology
2) By Fuel Type: Petrol, Diesel, Electric, Hybrid, Other Fuel Types
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
4) By Application: Heating Ventilation And Air Conditioning (HVAC) Pressure Sensor, Fuel Pressure Sensor, Oil Pressure Sensor, Manifold Pressure Sensor, Tire Pressure Monitoring Sensor, Airbag System, Engine Control System, Power Steering, Transmission, Antilock Braking System (ABS), Other Applications
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket

Subsegments:
1) By Piezoelectric: High-Pressure Sensors, Low-Pressure Sensors, Dynamic Pressure Sensors, Differential Pressure Sensors
2) By Capacitive: Differential Capacitive Pressure Sensors, Absolute Capacitive Pressure Sensors, Gauge Capacitive Pressure Sensors, Microcapacitive Pressure Sensors
3) By Optical: Fiber Optic Pressure Sensors, Fabry-Perot Interferometric Pressure Sensors, Optical Fiber Bragg Grating Pressure Sensors
4) By Electromagnetic: Inductive Pressure Sensors, Magnetostrictive Pressure Sensors, Eddy Current Pressure Sensors
5) By Resonant: Surface Acoustic Wave (SAW) Pressure Sensors, Quartz Crystal Resonance Pressure Sensors, Resonant MEMS Pressure Sensors
6) By Other Technology: Strain Gauge Pressure Sensors, Piezoresistive Pressure Sensors, Optical MEMS Pressure Sensors, Microelectromechanical Systems (MEMS)-Based Pressure Sensors, Capacitive MEMS Pressure Sensors

What Are The Prominent Trends In The Automotive Pressure Sensor Market?
Major companies operating in the automotive pressure sensor market are focusing on innovative products such as tire pressure sensors, to enhance vehicle safety and performance and to provide real-time monitoring and alerts, helping to prevent accidents and improve fuel efficiency. Tire pressure sensors are devices installed in vehicles to monitor and transmit real-time tire pressure data to the driver, ensuring optimal tire performance and safety. For instance, in September 2023, Infineon Technologies AG, a Germany-based automotive semiconductor manufacturer, launched the XENSIV SP49 tire pressure monitoring sensor. This represents a significant technological innovation in the automotive pressure sensor market. The sensor integrates Microelectromechanical Systems (MEMS) sensors and an Application-Specific Integrated Circuit (ASIC) to enable smart tire functionalities such as on-tire auto-position sensing, assistance with tire inflation, detection of blowouts, and identification of loads. This is made possible by its powerful 32-bit Arm M0+ core, large flash memory, and optimized acceleration sensing capabilities.

Analysis Of Key Players In Automotive Pressure Sensor Market
Major companies operating in the automotive pressure sensor market are Robert Bosch, Siemens AG, General Electric, DENSO Corporation, Continental AG, Honeywell, ABB, Texas Instruments Incorporated, TE Connectivity, ST Microelectronics, Infineon, NXP Semiconductors, Amphenol Corporation, Analog devices, Sensata Technologies, Allegro Microsystems LLC, CTS Corporation, Elmos Semiconductor, Delphi Technologies, Gp50

View the full automotive pressure sensor market report here:
https://www.thebusinessresearchcompany.com/report/automotive-pressure-sensor-global-market-report

What Are The Key Regional Trends In The Automotive Pressure Sensor Market?
Asia-Pacific was the largest region in the automotive pressure sensor market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive pressure sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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