Infinium Global Research Automotive Pressure Sensors Market | Page 8

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
theleading 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
bottom-up 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 thereby obtaining global market size. This in turn helps
us to validate the market size of automotive pressure sensorsin 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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