Rise in Sale of Automotive Sensor and EV Cars Expected to Trigger Market
The next driving factor for the automotive pressure sensor market is the rising number of sales of EV cars, as it is crucial for monitoring critical systems like batteries and cooling. Similar to automotive sensors the EV car market is also experiencing a boost at a constant pace. As per the data of the International Energy Agency, the sale of the electric car reached the mark of 14 million in the year 2023 where 95% of this sale was recorded in Europe, China, and the United States. Thus, with the rising automotive sensor and EV car sales, the automotive pressure sensor market is expected to gain traction.
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Revolutionizing Automotive Pressure Sensing with MEMS and IoT Technology
Additionally, the scalability of MEMS production helps reduce costs, making advanced sensor technology more accessible. The IoT-based pressure sensors are highly used in vehicles to monitor parameters like critical tire pressure and engine performance in real-time this immediately identifies the issues and minimizes proactive maintenance. Diagnostics can be performed with the help of advanced data analytics, reducing the time for repairing and also offering timely maintenance to optimize the service schedule. It further enhances safety as it notifies the driver of any abnormal pressure levels and its connectivity with Advanced Driver Assistance Systems. The sharing of data among manufacturers, service providers, and fleet operators is further efficient by cloud connectivity and enables effective monitoring and management of vehicle health across commercial fleets which makes IoT-based pressure sensors an attractive option.
Recent Trends in the Automotive Pressure Sensor Industry
- Shift towards wireless pressure sensors to reduce wiring and improve data accuracy.
- Development of self-calibrating sensors to maintain accuracy with minimal manual intervention.
- Increased use of miniaturized sensors for space-constrained applications, especially in electric vehicles.
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Aging Sensor and Calibration Hinder the Automotive Pressure Sensor Market Demand
Novel Innovation in Automotive Pressure Sensors Market Drives the Overall Demand
The KP464 BAP sensor from Infineon combined density measurement with additional diagnostics, such as manifold air pressure monitoring. In November 2022, Melexis, a global microelectronics engineering company, introduced a new series of integrated pressure sensors. They were intended for use in automotive engine management. The MLX90824 determined the absolute pressure and then delivered a digital output signal using the SENT protocol, whereas the brother product MLX90822 provided an analog output voltage. These factory-calibrated devices measured pressure spans from 1 to 4 bar. The MLX90824 and MLX90822 consisted of a sensor readout circuit, digital hardware, voltage regulators, and SENT or analog output drivers, plus all the essential passive components. A pre-calibrated NTC thermistor (negative temperature coefficient) input was available for the MLX90824 (SENT output). This allowed customers to interface their NTC through the pressure sensor without end-calibration.
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Promising Opportunities for Automotive Pressure Sensors Market in North America and Asia-Pacific
Also, Asia Pacific can be considered a promising market due to the rising production of cars and commercial vehicles. Various countries of Asia Pacific are becoming major automotive hubs, driven by both local consumption and export opportunities. According to the report of the International Organization of Motor Vehicle Manufacturers, out of the top five global vehicle manufacturers, four belong to the Asia Pacific region. As per the data in 2023, China tops the list of global production of cars and commercial vehicles and has combined produced 30 million units, followed by Japan, which holds the third rank and annually produces 8.9 million units. India held the fourth rank and produced a total of 5.8 million units, while South Korea secured the fifth rank and produced 4.2 million units. This makes the Asia-Pacific region promising for the automotive interior material market.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Belgium, Sweden, Austria, Slovakia, Hungary, Romania, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Nigeria, Iran, Rest of MEA |
Automotive Pressure Sensor Market Research Report Covers In-depth Analysis on:
- Automotive pressure sensor market detailed segments and segment-wise market breakdown
- Automotive pressure sensor market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in automotive pressure sensor industry)
- Current, historical, and forthcoming 10 years market valuation in terms of automotive pressure sensor market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Automotive pressure sensor market demand analysis
- Automotive pressure sensor market pricing analysis over the forecast period (by key segment and by region)
- Automotive pressure sensor market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the automotive pressure sensor market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in the automotive pressure sensor market
- Automotive pressure sensor market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on the automotive pressure sensor market forecast by countries
- Mergers and acquisitions in the automotive pressure sensor market
- Essential information to enhance market position
- Robust research methodology