Automotive Emission Sensors Market Share, Size, Price, Trends, Growth, Report, Forecast 2023-2028
The ‘Global Automotive Emission Sensors Market Share, Size, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global automotive emission sensors market, assessing the market on the basis of its segments like type, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Automotive Emission Sensors Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 14.20%
Automotive emission sensors are a crucial component of the exhaust system of an automobile which optimises the engine performance and manages its emission in order to facilitate a smooth and efficient driving experience. The rising sale of passenger vehicles, induced by the increasing disposable income and rapid urbanisation, is propelling the automotive emission sensors market growth. Increasing population is surging the number of cars purchased, fuelled by the necessity of automobiles to commute short and long distances.
The burgeoning transportation sector, owing to the rising domestic trading activities are spurring the demand for automotive emission sensors in trucks, vans, and buses, among others. Meanwhile, the market is being positively influenced by favourable policies of various governments aimed towards ensuring stringent emission standards in order to protect the environment.
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The increasing health concerns among daily drivers is further fuelling the demand for vehicles that are emission compliant, leading to a greater application of automotive emission sensors. Over the forecast period, the anticipated increase in awareness pertaining to the greater lifespan of the vehicle and minimised performance drops supported by these sensors are expected to aid the automotive emission sensors market.
Automotive Emission Sensors Industry Definition and Major Segments
Automotive emission sensors are the devices installed in an automobile which are used to track the amount of oxygen present in the vehicle, including in the exhaust and gas. Automotive emission sensors make possible the adjustment of air-to-fuel ratio by providing information about the oxygen levels to the engine computer. These sensors boost the overall efficiency of the exhaust system of an automobile, which is a major factor driving the demand for automotive emission sensors.
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Based on type, the market is segmented into:
• O2-Lambda Sensors
• NOx Sensors (Nitrogen Oxide Sensor)
• Particulate Matter Sensors
On the basis of application, the market is bifurcated into:
• Passenger Cars
• Commercial Vehicle
Based on region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Automotive Emission Sensors Market Trends
The key trends in the global automotive emission sensors market include the increasing investments towards bolstering the research, development, and innovation of automobiles by the leading automotive manufacturers, to gain a competitive edge with efficient and aesthetic automobiles. Additionally, the increasing funding from leading deep-tech investors, aimed towards advancing the automotive sensor technology are further expanding the opportunities for the market for automotive emission sensors.
Development of sensors incorporated with LiDAR-based camera monitoring systems for efficient detection of greenhouse emission is one crucial example of the market development. In geographical terms, Europe accounts for a decent share in the market, which is being driven by stringent European standards aimed towards decreasing vehicular pollution while improving the quality of air.
Road transport is a leading cause of air pollution across European cities which is a major advantage leading to the expansion of the automotive emission sensors market. The technologically advanced automotive infrastructure in the region, owing to the presence of automotive giants across strong economies such as Germany and the United Kingdom, are expected to augment the market dynamics in the forecast period.
Key Market Players
The major players in the automotive emission sensors market report are
- Continental AG
- DENSO Corporation
- Delphi Automotive, PLC
- Robert Bosch GmbH
- CoorsTek Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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