Market Snapshot
Study Period:
2018-2024
Base Year:
2018
Fastest Growing Market:
North America
Largest Market:
Asia Pacific
PURCHASE REPORT
Market Overview
- Moreover, due to increase in pressure sensor applications, such as the use of a barometric pressure sensor to perform altitude correction when driving at high-altitude, pressure sensors are used in automotive to achieve high accuracy at a low price.
- Additionally, the automotive industry is the biggest and the oldest market for pressure sensors. Therefore, powertrain applications account for more than 50% of the pressure sensors business, followed by safety, with Tire Pressure Monitoring Systems (TPMS) being the most significant single automotive application.
- The rising environmental and safety concerns coupled with stringent government regulations for vehicle emmissions and safety norms, owing to the increasing number of vehicles are some factors driving the need for automotive pressure sensors in the market.
Scope of the Report
| By Vehicle Type | |
| Passenger Cars | |
| Light Commercial Vehicles | |
| Heavy Commercial Vehicles |
| By Application | |
| Tire pressure Monitoring Systems | |
| Brake Booster Systems | |
| Engine Management Systems | |
| Exhaust Gas Recirculation Systems | |
| Air Bag Systems | |
| Vehicle Dynamic Control | |
| Other Applications |
| Geography | ||||||
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Key Market Trends
Tire Pressure Monitoring Systems (TPMS) Expected to be the Most Significant Automotive Application
- TPMS is getting smart with the advent of connected cars or autonomous vehicles technology. The technology is increasing the adoption of TPMS as it provides real-time data on vehicle tire pressure, and also offers critical information on tire temperature. High tire temperatures can indicate an excess of friction caused by misalignment of the wheels, which can also contribute to early tire wear and less safe driving. Hence safety awareness among individuals is another factor driving the increased adoption of TPMS.
- Also, several manufacturers are manufacturing TPMS based on Bluetooth Low Energy (BLE) communication standards. BLE helps in cutting down on development, qualification and logistical costs while allowing over-the-air firmware updates and other general maintenance that would otherwise not be possible. BLE ensures that TPMS sensors are constantly kept up-to-date, secured, and optimized.
- Recently Baolong and NXP rolled off 15 million sensors for tire pressure monitoring off the production line as a result of the close collaboration that started in 2004.
Asia-Pacific Expected to Hold the Largest Market Share
The Asia-Pacific region has been a home to the manufacturers that provide sensors with China, India, Japan, and Taiwan Being the major contributors. The growth in Asia-Pacific owes to the development of automotive industry in countries, like China and India. Also, the Asia-Pacific region has been the largest contributor to the automotive industry’s growth over the past few years. The growing economy and advancements in the regulatory framework in the region have also helped the passenger car sensors market boom in the region.
- The major trend driving the Asia-Pacific automotive sensor market is miniaturization and improved communication capabilities, which in-turn enable their integration into vehicles without interfering with the basic functionalities of the vehicle. Increasing automotive light vehicle production is also driving the pressure sensor market in Asia-Pacific. Other factors such as low cost, compact size, ecofriendly nature, and bulk manufacturing capability are the key factors that are helping the automotive sensors market grow.
- Recently, with the advent of connected cars and automated driverless vehicles the demand for technologically advanced sensors, which have better efficiency and reliability in terms of functioning, have increased substantially.
- Also, rise in government grants to improve industrial infrastructure along with the availability of cheap labor and raw materials has been few additional key factors that have substantially increased the production of automotive sensors. Increased R&D in the sensor industry is creating opportunities for technological advancements that open up new horizons for sensor applications.
Competitive Landscape
The global automotive pressure sensors market is consolidated with few major players holding the majority of the share in the market. Although, it can be assumed that almost all pressure sensor manufacturers serve as automotive suppliers, the barrier to entry for prospective automotive suppliers is quite high. Organizations, like Robert Bosch has aggregated production volume of automotive, as well as consumer markets to reduce cost, and further increase its competitive advantage. Other players, like Infineon, Sensata, Denso, and Melexis are mainly focused on the automotive sector, with vertical integration being a usual phenomenon in the sector.
- Robert Bosch GmbH introduced the SMP14x, a hydraulic pressure sensor for automatic transmissions that enables a high degree of driving comfort to the vehicle's passenger.
Major Players
- Honeywell International Inc.
- Denso Corporation
- Robert Bosch GmbH
- ST Microelectronics NV
- Infineon Technologies AG
* Complete list of players covered available in the table of contents below
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Table of Contents
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1. INTRODUCTION
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Focus On Passenger Safety
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4.2.2 Miniaturization Leading to an Increased Range of Applications Across the Industry
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4.2.3 Stringent Government Regulation Concerning Emissions and Safety
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4.3 Market Restraints
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4.3.1 Dynamic Emission Regulations
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4.3.2 Fluctuating Raw Material Prices
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4.4 Industry Value Chain / Supply Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Force Analysis
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4.5.1 Bargaining Power of Suppliers
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4.5.2 Bargaining Power of Buyers/Consumers
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4.5.3 Threat of New Entrants
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4.5.4 Threat of Substitute Products
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4.5.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Vehicle Type
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5.1.1 Passenger Cars
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5.1.2 Light Commercial Vehicles
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5.1.3 Heavy Commercial Vehicles
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5.2 By Application
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5.2.1 Tire pressure Monitoring Systems
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5.2.2 Brake Booster Systems
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5.2.3 Engine Management Systems
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5.2.4 Exhaust Gas Recirculation Systems
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5.2.5 Air Bag Systems
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5.2.6 Vehicle Dynamic Control
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5.2.7 Other Applications
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5.3 Geography
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5.3.1 North America
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5.3.1.1 US
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5.3.1.2 Canada
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5.3.2 Europe
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5.3.2.1 UK
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5.3.2.2 Germany
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5.3.2.3 France
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5.3.2.4 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 China
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5.3.3.2 India
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5.3.3.3 Japan
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5.3.3.4 Rest of Asia-Pacific
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5.3.4 Latin America
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5.3.4.1 Mexico
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5.3.4.2 Argentina
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5.3.4.3 Brazil
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5.3.4.4 Rest of Latin America
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5.3.5 Middle East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 UAE
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5.3.5.3 South Africa
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5.3.5.4 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Honeywell International Inc.
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6.1.2 Denso Corporation
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6.1.3 Robert Bosch GmbH
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6.1.4 ST Microelectronics NV
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6.1.5 Infineon Technologies AG
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6.1.6 Sensata Technologies, Inc.
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6.1.7 NXP Semiconductor NV
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*List Not Exhaustive -
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
