Europe Automotive Pressure Sensor Market – Industry Analysis and Forecast (2019-2026)
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Europe Automotive Pressure Sensor Market is expected to reach US$ XX Billion by 2026 from US$ XX Billion in 2018 at a CAGR of XX%.
Europe Automotive Pressure Sensor Market
Automotive pressure sensor market for Europe divided by technology, transduction type, vehicle, electric vehicle type, application, and geography.
Based on technology, the market has been bifurcated into ceramic, MEMS, and strain gauge pressure sensors. Considering all these segments, it is MEMS that has held the largest market share followed by other types. Huge demand and applications across the automotive and electric sector have been some of the major drivers that have driven the growth of MEMS. Furthermore, demand has also been quite high by leading car manufacturers for a miniaturized version of systems capable of doing the complete work which has also boosted overall growth for this segment.
Transduction type segment includes piezoresistive, capacitive, resonant and optical pressure sensor among others. The piezoresistive type has dominated the market due to factors such as better reliability, safety control along with optimization.
The market based on vehicle type has been divided into passenger cars and commercial vehicles out of which passenger cars held the largest market share. Higher availability of options, better services along with commercialization growth has led passenger cars to hold the largest market share.
Automotive pressure sensor market on the basis of electric vehicle type has been segmented into battery electric vehicle, fuel cell electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Battery electric vehicle held a larger share as compared to other types with factors such as easier access to gas stations along with more government subsidies acting as some of the major drivers for the growth of this segment.
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