Global Exhaust Sensor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Exhaust Sensor Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global exhaust sensor market report has been segmented on the basis of sensor type, vehicle type, and region.
Global Exhaust Sensor Market: Overview
Exhaust sensors are designed to sense the exhaust from various engines which helps to determine accurate fuel mixture to reduce emissions from the exhausts.
Global Exhaust Sensor Market: Dynamics
Increasing production and sales of diesel engine vehicles in developing and developed countries is resulting into growing adoption of exhaust sensors in vehicles. This adoption is primarily due to environment concerns associated with emission from diesel engines which have negative impact on environment and individuals. These high production and adoption of exhaust sensors in turn increasing demand for diesel particulate filters, and exhaust sensors and gas recirculation from automotive manufacturing sector. Aforementioned are among major factors estimated to propel growth of the target market.
Increasing deployment of safety systems such as advanced driver assistance systems and microelectromechanical systems is factor projected to proliferate growth of the target market. Moreover, rising use of Auto Emergency Braking (AEB) systems in turn increases demand for exhaust sensors by various industries and is projected to support the global exhaust sensor market growth in the near future.
However, growing demand for battery-based electric vehicles and increasing complexity for integration of various electronics products in automobiles are major factors projected to hamper growth of the target market.
In addition, high cost and need for long life expectancy associated with advanced exhaust sensor are among some of the major challenging factors projected to restrain the global exhaust sensor market growth in the coming 10 years.
Growing trend of IC miniaturization and gasoline particulate filters and urea injection systems introduction in Euro Vi by players operating in the global market are major trends observed in the target market. These trends in turn is projected to support the global exhaust sensor market growth in the near future.
Increasing R&D activities for radio frequency particulate matter sensor is a key factor projected to create significant opportunities for prominent and new entry players in the exhaust sensor market.
Global Exhaust Sensor Market: Segment Insights
Among vehicle and sensor type of segments the vehicle type segment is projected to dominate in terms of CAGR in the target market. This segment growth is attributed to increasing production of automobiles which includes exhaust sensor as an internal part of the system.
Global Exhaust Sensor Market: Regional Insights
The Asia Pacific market is projected to dominate the global market in terms of revenue. This dominance is primarily attributed to high availability of manufacturing facilities and growing demand for automobiles, owing to increasing disposable income of individuals in this region. Also, Asia Pacific is anticipated for high penetration of diesel vehicles which in turn is projected to proliferate Asia Pacific market growth.
The North America market and Europe market is in maturation phase and is projected to witness lucrative revenue growth, owing to a decline in production of automobiles and increasing electronic parts export activities.
Global Exhaust Sensor Market Segmentation:
Segmentation by Sensor Type:
- NOx Sensor
- Oxygen Sensor
- MAP/MAF Sensor
- Particulate Matter Sensor
- Engine Coolant Temperature Sensor
- Exhaust Temperature and Pressure Sensor
Segmentation by Vehicle Type:
- Light Weight Commercial Vehicle (LCV)
- Medium Commercial Vehicle (MCV)
- Heavy Commercial Vehicle (HCV)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Hitachi Ltd.
- Stoneridge, Inc.
- Continental AG
- Denso Corporation
- Robert Bosch GmbH
- Delphi Automotive PLC
- Hella KGAA Hueck & Co.
- Infineon Technologies AG
- NGK Spark Plug Co., Ltd
- Sensata Technologies Holding NV
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