Report ID: SQMIG25A2271
Report ID:
SQMIG25A2271 |
Region:
Global |
Published Date: November, 2024
Pages:
220
|
Tables:
94 |
Figures:
76
The North America region in the global automotive pressure sensors market is expected to grow significantly. The increasing sales of electric vehicles and the rapid adoption of ADAS products are the reasons for the increased adoption of in-vehicle sensors in North America. North America is expected to grow significantly during the forecast period. The North America regional market is expected to grow owing to the increasing demand for pressure sensors in the TPMS EGR system used in the automotive segment. Key players in the region are also key drivers of market growth. At the same time, increasing demand for pressure sensors in industries such as oil, gas, petrochemicals and pharmaceuticals is also driving rapid market growth in this segment.
The Asia Pacific region in the global automotive pressure sensors market size was estimated at USD 5.52 billion by 2020 and is projected to reach USD 8.51 billion by 2028, growing at a CAGR of 6.77% during the forecast period. Asia Pacific is dormant revealed that the disposable income of the middle class increases in the case of OEMs, cost advantages such as lower vehicle manufacturing costs and availability of cheaper labor but the number of deaths due to vehicles due to accidents has increased in recent years.
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Report ID: SQMIG25A2271