Automotive Pressure Sensors Market : Global Industry Analysis , Trends , Market Size and Forecasts up to 2023
The market size of automotive pressure sensors is determined based on the top down approach . The market size is validated using primary interview with the participants working in some of the leading players in the automotive pressure sensors market . The primary interview participants typically includes managers and CXO level executives of the leading players in this market . The primary interviews not only help identify the market size of the automotive pressure sensors market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market . The views of primary respondents were reconciled to provide qualitative analysis of the automotive pressure sensors market . The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market . The bottomup approach is used to validate the global market size of automotive pressure sensors . With the help of primary interviews and secondary research the market size of automotive pressure sensors is determined for each country studied , which then is added to arrive at regional market size and there by obtaining global market size . This in turn helps us to validate the market size of automotive pressure sensors in the world market .
Executive Summary Global Automotive Pressure Sensors Market Highlights , ( USD Million )
The global automotive pressure sensors market is expected to grow at a CAGR of 9.28 % between 2017 and 2023 in terms of value . The increase in production of vehicles is one of the primary growth for the automobile pressure sensor market . Additionally the government regulations have become mandatory for the use of pressure sensors in automobiles . Also due to the technological advancements such as microelectro chemical system is the driving factor for the growth of the market . Inspite of high demand for advanced automotive systems there are some restraining factors which hamper the growth of market such as complex manufacturing process , optimizing cost and quality trade-off . Application of pressure sensor in autonomous car would present growth opportunities for the key players in the automotive pressure sensor market . The leading players in the global Automotive Pressure Sensors market include Robert Bosch , Denso , Delphi , Infineon , Sensata , Continental , Texas Instruments , Melexis , Analog Devices , and NXP .
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