Automotive Exhaust Sensor Market: Passenger Cars Holds Lion Share Globally

From: FactMR
Published: Wed May 22 2019

 Growth of the global automotive exhaust sensor market is expected to remain impacted by increased penetration of diesel engine vehicles across developed countries. In addition stringent emission norms implemented by regulatory bodies has spurred the requirement for automotive exhaust sensor. However, growing penetration of electric vehicles might impede adoption of automotive exhaust sensor to a certain extent. This Fact.MR report discusses key prospects for growth of global automotive exhaust sensor market during the forecast period, 2017-2026, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

The interdisciplinary nature of microelectromechanical system (MEMS) sensors which are fabricated using integrated circuit (IC) batch processing techniques and have the ability to sense, actuate and control on the micro scale has grabbed eyeballs globally.

Nevertheless, MEMS has been regarded as one of the most sought-after technologies of the 21st century and has the potential to transform both consumer and industrial products by combining silicon-based microelectronics with micromachining technology. The use of MEMS as internal navigation sensors; air conditioning compressor sensor; brake force sensors & suspension control accelerometers has received accolades in the automotive landscape.

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In today’s era, automobiles are made of sophisticated technologically-based systems which depend on information coming from different sensors to discern the optimal conditions for fuel efficiency, engine performance and other aspects of automobiles. Accordingly, oxygen sensor has been regarded as one of the critical components in any car’s exhaust system. When it comes to aptly concoct a robust fuel-to-oxygen ration for the combustion, oxygen sensor plays a huge role.

Soaring fuel costs and relentless pressure on the automotive industry to curb emissions have led to booming market shares for passenger cars. According to the study, over 160,000,000 units of automotive exhaust sensors are anticipated to be sold by 2026 end. Meanwhile, there will be rising demand for automotive exhaust sensors for use in gasoline engines. On the basis of sales channel, OEMs are anticipated to be in the vanguard of automotive exhaust sensor market

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Automotive Exhaust Sensor Market: Overview

The report provides a deep dive analysis on the automotive exhaust sensor market propelled by quantitative and qualitative analysis. The report focuses on the segmentation of the market to offer a holistic approach of the market. Additionally, the report sheds light on the dynamics of the market that have considerable influence on the growth of the automotive exhaust sensor market, namely, drivers, opportunities, restraints and trends.

The report encompasses executive summary and overview section that provide a coherent analysis on the automotive exhaust sensor market. Besides, the report in the market overview section throws light on key players and market indicators.  The overview section in the report elucidates Porters’ Five Force analysis that aids in revealing the competitive scenario with regards to automotive exhaust sensor market. The report further focuses on the market outlook section which delves into reimbursement scenario of the region and sheds light on technological development.

Primary research and secondary research provides a coherent assessment on automotive exhaust sensor market. As such, the secondary research delineates trade journals, Factiva, press release, resourceful database and EC filing. Meanwhile, the report also encompasses absolute dollar opportunity analysis and Y-o-Y projections. The report is further propelled by primary research that prioritizes telephonic interview, veracious review from experts, unbiased and honest views from surveys and seasoned analyst.

Automotive Exhaust Sensor Market: Competitive Landscape

The robust analysis of competitive scenario of the automotive exhaust sensor market is backed up by the Porters’ Five Force Analysis. Subsequently, the Porters’ Five Force Analysis delves into coherent strategies used by leading companies in the automotive exhaust sensor market. In addition, the report is propelled by the inclusion of company profile, SWOT analysis, recent development, company profile, strategic overview and annual revenue.

Key players actively contributing to the market expansion include Sejong Industrial Co., Ltd., Harbin Airui Automotive Exhaust Systems Co. Ltd., Bosal International N.V., SANGO Co., Ltd., Yutaka Giken Co., Ltd., Futaba Industrial Co., Ltd., Benteler International AG, Friedrich Boysen GmbH & Co. KG, Eberspächer Group, Tenneco Inc., and Faurecia S.A.

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