End User (Automotive, Aerospace & Defense, Healthcare, Oil & Gas)
Out of the four types of end users, the automotive segment is estimated to gain the largest market share in the year 2037. Pressure sensors are employed in emission control systems to monitor parameters such as exhaust gas recirculation (EGR) pressure and evaporative emission control system (EVAP) pressure. The increasing focus on reducing vehicle emissions to meet environmental regulations has led to the integration of pressure sensors in emission control systems. Pressure sensors play a crucial role in engine management systems, monitoring parameters like intake manifold pressure, fuel pressure, and oil pressure.
Type (Gauge Pressure Sensors, Absolute Pressure Sensors, Differential Pressure Sensors)
Amongst these three segments, the absolute pressure sensors segment is expected to garner a significant share in the year 2037. The growth of the segment can be accredited to the automotive safety regulations. Regulatory bodies across the world have implemented stringent safety regulations for vehicles. Absolute pressure sensors are essential components in safety systems such as airbag deployment and rollover protection. According to the National Highway Traffic Safety Administration (NHTSA), airbags have saved over 50,000 lives in the United States alone, highlighting the critical role of absolute pressure sensors in automotive safety.
Our in-depth analysis of the Pressure Sensor Market includes the following segments:
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Author Credits: Abhishek Verma
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