Automotive Exhaust Gas Sensor Market Size, Share & Industry Analysis, By Sensor Type (NOx , O2, MAP/MAF, Particulate Matter, Exhaust Pressure & Temperature, Engine Coolant Temperature), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Automotive vehicles hold one of the most significant shares for rising emission levels globally. Increasing the sale of vehicles across the globe has led to increased emission levels. The exhaust gas sensors are used to measure the temperature of the exhaust gases and control the vehicular emissions. These sensors are controlled by the engine control unit (ECU). They protect the vehicular components that are situated in the flow of exhaust gases from overheating and also prevent damages to the parts of the vehicle. There are various types of exhaust gas sensors that perform different functions. The government of various countries is imposing stringent norms and regulations to control vehicular fuel emissions. The automotive companies are also investing heavily in the research and development to adopt advance technology and manufacture vehicles that emit the least amount of gases. All these factors are leading the growth of the automotive exhaust gas sensor market. Furthermore, the growing inclination of consumers towards vehicles that causes less emission is projected to drive the market over the forecast period.
Globally, owing to the constant rise in the number of vehicles, rising fuel emissions, and growing inclination of consumers towards vehicles that cause less emission is expected to drive the market of exhaust gas sensors over the forecast period. On the contrary, the high cost of these sensors and increasing adoption of the electric vehicle is expected to hinder the growth of the exhaust gas sensor market.
Key Market Driver -
Rising vehicular emissions owing to the rising number of vehicles and stringent government norms to curb fuel emission are driving the growth of the market.
Key Market Restraint -
Growing adoption of electric vehicles is expected to restrain the growth of automotive exhaust gas sensor market in the forecast period
Key Players Covered in the Automotive Exhaust Gas Recirculation (EGR) Market:
Some of the major companies that are present in the automotive exhaust gas sensor market include Analog Devices, Robert Bosch Gmbh, Tenneco, NGK Spark Plug Co., Denso Corporation, Faurecia, Infineon Technologies Ag, ABB, Hitachi Ltd, Stoneridge, Inc, Continental AG, Broadcom, Hella Kgaa Hueck & Co., and Sensata Technologies Holding Nv, among others.
Market Segmentation:
The global automotive exhaust gas sensor market has been segmented into sensor type, vehicle type, and geographical coverage. By sensor type, the market is further segmented into NOx, O2, MAP/MAF, particulate matter, exhaust pressure & temperature, and engine coolant temperature sensors. The NOx sensors hold the largest market share of the global exhaust gas sensor market and are estimated to dominate in the forecast period. NOx sensors play a vital role in monitoring and reducing NOx vehicular emissions. These sensors help in curbing the hazardous greenhouse effects caused by NOx emission and also assists in complying with the stringent norms and standards set by the government. By vehicle type, the market is further segmented into passenger cars and commercial vehicles. The passenger car market holds the largest share of the exhaust gas sensor market owing to the increasing production and sales of passenger cars across the globe. The increase in the disposable income of the consumers is also propelling the growth of the market.
Regional Analysis:
Geographically, the automotive Exhaust Gas Sensor market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific is anticipated to hold the largest market share in the exhaust gas sensor market. The rising production of vehicles in this region is one of the significant factors which is projected to maintain the dominance of Asia Pacific in this market. An increase in the GDP and disposable income of consumers and stringent government norms to curb the fuel emission is also another factor that is expected to maintain the dominance of Asia-Pacific. Europe is expected to hold the second-largest position in the market. Stringent emission norms and early adoption of advanced technology in this region are anticipated to maintain the second-largest position.
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Segmentation
ATTRIBUTE | DETAILS |
By Sensor Type |
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By Vehicle Type |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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