"Automotive pressure sensors market by application (ABS, airbag, TPMS, engine,
HVAC, & transmission), technology (MEMS, strain gauge, & ceramic), transduction
(piezo resistive, capacitive, optical, resonant), vehicle, EV, & region - global forecast to
2025", published by marketsandmarkets™, the global market is projected to grow at a
CAGR of 9.70% from 2017 to 2025, to reach a market size of USD 8.84 billion by 2025
from USD 4.21 billion in 2017. The major factors driving the growth of the automotive
pressure sensors market are the increasing installation of advanced driver assistance
systems, stringent automotive safety and security norms introduced by the government
and rising preference of vehicle electrification among oems and tier I suppliers.
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