26 June 2019 –
The Global Vehicle Pressure Sensors Market is
estimated to grow at an exponential CAGR by the year 2023. In the modern-day
automotive industry, temperature sensing and climate control are among the
vital functions in automotive electronics. They can instantly determine the
intensity of warmth and the direction of incoming solar rays.
The vehicle pressure sensor market is primarily driven by
the growing disposable income of millennial population and is set to experience
a further boost during future prospects.
The vehicle pressure sensors market has been segmented into
alternative fuel vehicles, light commercial vehicles, and heavy commercial
vehicles based on its type. By type, the market can be bifurcated into Body
Electronics and power train. Adoption of advanced utilities and luxury
automotive continue to propel the sales for light weight vehicles over the
commercial segment.
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Geographical segmentation has presented a detailed analysis
of vehicle pressure sensor market growth prospects across the regions of North
America, the Asia Pacific, Europe, the Middle East, and Africa, and Latin
America. Asia-Pacific has been attributed to emerging as the fastest growing
region during the forecast year. The Indian and Chinese government policies are
keen on implementing rapid vehicle electrification, vehicle safety, and
export-oriented standards in order to grab the international attention, which
shall be fueling their foreign trades in the upcoming years.
EPCOS sensors stand out for its long-life stability and
excellent measuring accuracy. Its advanced technologies allow large-scale and
cost-efficient production of dependable sensors. They offer sensor bodies over
molded with plastic or specific insulating materials for ensuring its
performance efficiency even in adverse environmental conditions. They are
available in a variety of shapes, along with a wide variety of connector and
cable geometries.
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