LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive pressure sensors market and it is poised to grow by USD 614.21 mn during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Demand for safer and smarter systems in automobiles is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.35% and the incremental growth of the market is anticipated to be USD 614.21 mn.
Who are the top players in the market?
Continental AG, Delphi Technologies, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors NV, Robert Bosch GmbH, Sensata Technologies Inc., TE Connectivity Ltd., and Texas Instruments Inc, are some of the major market participants.
What is the key market driver?
The demand for automobiles is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 56% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Continental AG, Delphi Technologies, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors NV, Robert Bosch GmbH, Sensata Technologies Inc., TE Connectivity Ltd., and Texas Instruments Inc. are some of the major market participants. The demand for automobiles will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Automotive Pressure Sensors Market 2020-2024: Segmentation
Automotive Pressure Sensors Market is segmented as below:
- Passenger Vehicles
- Commercial Vehicles
- North America
- South America
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Automotive Pressure Sensors Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive pressure sensors market report covers the following areas:
- Automotive Pressure Sensors Market Size
- Automotive Pressure Sensors Market Trends
- Automotive Pressure Sensors Market Industry Analysis
This study identifies the demand for safer and smarter systems in automobiles as one of the prime reasons driving the automotive pressure sensors market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Pressure Sensors Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive pressure sensors market growth during the next five years
- Estimation of the automotive pressure sensors market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive pressure sensors market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive pressure sensors market, vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Continental AG
- Delphi Technologies
- DENSO Corp.
- Honeywell International Inc.
- Infineon Technologies AG
- NXP Semiconductors NV
- Robert Bosch GmbH
- Sensata Technologies Inc.
- TE Connectivity Ltd.
- Texas Instruments Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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