Connected Car
The global automotive pressure sensors market was�valued at USD 4.65�billion in 2019, and it is expected to reach a value of USD 7.48�billion by 2025, registering a CAGR of about 8.23% during the forecast period (2020-2025). – Additionally, the automotive industry is the biggest and the oldest market for pressure sensors. Therefore, powertrain applications account for more than 50% of the pressure sensors business, followed by safety, with Tire Pressure Monitoring Systems (TPMS) being the most significant single automotive application. Other factors such as low cost, compact size, eco-friendly nature, and bulk manufacturing capability are the key factors that are helping the automotive sensors market grow. Competitive LandscapeThe global automotive pressure sensors market is consolidated with a few major players holding the majority of the share in the market.