Quick Summary:
In the rapidly evolving automotive industry, keeping abreast of market trends, competitive dynamics and emerging opportunities is critical. Acquiring our latest market research report on the Global Automotive Pressure Sensors provides the insight executives need to make informed decisions and stay ahead of the curve. Estimated at US$5.9 Billion in 2022 and projected to reach US$10.1 Billion by 2030, the market presents compelling growth prospects across key segments including Engine Control Systems.
Showcasing in-depth analysis of various jurisdictions, the report proves instrumental in decoding the changing regional trends. With the U.S market estimated at US$1.6 billion and China's soaring growth trailing an impressive 11.2% CAGR, it’s a tool essential to understanding this complex, multifaceted market. Furthermore, the report presents insightful competitor analysis, featuring industry leaders such as Continental AG and Honeywell International Inc., among others. Iterate for success by leveraging our actionable insights, immersive research and complimentary updates for one year.
Global Automotive Pressure Sensors Market to Reach $10.1 Billion by 2030
The global market for Automotive Pressure Sensors estimated at US$5.9 Billion in the year 2022, is projected to reach a revised size of US$10.1 Billion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030. Engine Control System, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$3.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the ABS segment is readjusted to a revised 7.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 11.2% CAGR
The Automotive Pressure Sensors market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2030.Select Competitors (Total 46 Featured) -
- Continental AG
- Honeywell International, Inc.
- NXP Semiconductors NV
- Panasonic Corporation
- Robert Bosch GmbH
- STMicroelectronics
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Automotive Pressure Sensors?
What is the growth rate of the Global Market for Automotive Pressure Sensors?
What is the forecasted size of the Global Market for Automotive Pressure Sensors?
Who are the key companies in the Global Market for Automotive Pressure Sensors?
| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 5.9 Billion |
| Forecasted Market Value ( USD | $ 10.1 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Continental AG
- Honeywell International, Inc.
- NXP Semiconductors NV
- Panasonic Corporation
- Robert Bosch GmbH
- STMicroelectronics
