NEW
YORK, July 2, 2024 /PRNewswire/ -- The
global automotive exhaust gas sensors market size is
estimated to grow by USD
11.26 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 6.85%
during the forecast period. Increase in demand for
automobiles is driving market growth, with a trend
towards cloud integration with OBD. However, increasing
cost burden on oems poses a challenge. Key market players
include ABB Ltd., Analog Devices Inc., BorgWarner Inc., Broadcom
Inc., Continental AG, DENSO Corp., Emerson Electric Co., Faurecia
SE, HELLA GmbH and Co. KGaA, Hitachi Ltd., Honeywell International
Inc., Hyundai Motor Co., Infineon Technologies AG, MS Motorservice
International GmbH, Niterra Co. Ltd., Robert Bosch GmbH, Sensata
Technologies Inc., Stoneridge Inc., Tenneco Inc., and Tohoku
Shibaura Electronics Co. Ltd..
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landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Oxygen sensor,
Temperature sensor, NOx sensor, Particulate matter sensor, and
Differential pressure sensor), End-user (Passenger vehicles and
Commercial vehicles), and Geography (APAC, Europe, North America,
South America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
ABB Ltd., Analog
Devices Inc., BorgWarner Inc., Broadcom Inc., Continental AG, DENSO
Corp., Emerson Electric Co., Faurecia SE, HELLA GmbH and Co. KGaA,
Hitachi Ltd., Honeywell International Inc., Hyundai Motor Co.,
Infineon Technologies AG, MS Motorservice International GmbH,
Niterra Co. Ltd., Robert Bosch GmbH, Sensata Technologies Inc.,
Stoneridge Inc., Tenneco Inc., and Tohoku Shibaura Electronics Co.
Ltd.
|
Key Market Trends Fueling Growth
The automotive exhaust gas sensors market is driven by
advancements in sensor technology, enabling integration with
cloud-based systems. These innovations offer benefits such as
online support for repair services, fleet diagnostics, predictive
maintenance, and improved driving tracking. However, security and
privacy concerns arise due to the potential transfer of sensitive
vehicle and personal data without consent. Robust system security
and encryptions are essential prerequisites for cloud-connectivity
in exhaust gas sensors to mitigate these risks and ensure market
growth.
The Automotive Exhaust Gas Sensors market is experiencing
significant growth due to increasing regulations on emissions.
These sensors play a crucial role in measuring exhaust gases and
ensuring compliance with environmental standards. The market is
driven by technological advancements, such as the integration of
microelectromechanical systems (MEMS) and the development of
real-time monitoring systems. Additionally, the rise in demand for
fuel-efficient vehicles and the growing awareness of air quality
are key trends shaping the market. The use of autonomous vehicles
is also expected to boost the market, as sensors play a vital role
in their operation. Overall, the Automotive Exhaust Gas Sensors
market is poised for continued expansion in the coming
years.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The automotive exhaust gas sensors market is experiencing
growth due to stricter emission regulations. OEMs are investing in
new technologies and exhaust systems to meet these norms, including
engine improvements, NOx and particulate matter treatments, and
electronic controls. However, the use of precious metal sensors
adds to manufacturing costs and vehicle prices, potentially
decreasing demand. High-performance vehicles face even higher
sensor replacement costs. These factors may challenge profit
margins for OEMs and impact the market during the forecast
period.
- The Automotive Exhaust Gas Sensors market faces several
challenges. These sensors are essential for monitoring vehicle
emissions and maintaining environmental regulations. However, the
development of cost-effective and accurate sensors remains a
significant challenge. Additionally, the integration of these
sensors into complex vehicle systems requires extensive research
and development. Furthermore, the need for sensors to detect
various gases, such as carbon monoxide and nitrogen oxides, adds to
the complexity. Lastly, ensuring the sensors' durability and
reliability under extreme temperatures and conditions is a
continuous challenge. Despite these hurdles, advancements in
technology and materials continue to drive innovation in the
Automotive Exhaust Gas Sensors market.
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challenges - Download a Sample Report
Segment Overview
This automotive exhaust gas sensors market report extensively
covers market segmentation by
- Type
- 1.1 Oxygen sensor
- 1.2 Temperature sensor
- 1.3 NOx sensor
- 1.4 Particulate matter sensor
- 1.5 Differential pressure sensor
- End-user
- 2.1 Passenger vehicles
- 2.2 Commercial vehicles
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Oxygen sensor- Oxygen sensors are essential
components in automotive exhaust systems, monitoring exhaust gas
emissions and maintaining optimal engine performance. These
closed-loop sensors detect oxygen molecules to determine the
engine's air-fuel mixture, ensuring it adheres to the
stoichiometric ratio. Placed before and after the catalytic
converter, they help reduce hydrocarbons and NOx emissions.
Manufactured with zirconium bulbs and platinum electrodes, they
have become standard equipment due to increasing regulatory
compliance. New technologies like MEMS semiconductors are driving
down costs, leading to wider adoption and market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Automotive Exhaust Gas Sensors Market encompasses the
production, sales, and installation of sensors used to monitor
exhaust gas emissions in automotive vehicles. These sensors play a
crucial role in ensuring compliance with norms and regulations
regarding vehicular emissions. They measure physical properties
such as temperature, fluid level, and pressure to detect
overheating, NOx emissions, and other pollutants. Exhaust gas
sensors are integral components of engine control units in both
passenger cars and commercial vehicles. Their function is essential
for both efficiency, safety, and comfort, as well as for pollution
control. The market for these sensors is expanding, driven by the
growing demand for electric vehicles and the need for advanced
exhaust sensors to improve exhaust gas treatment systems in diesel
cars.
Learn and explore more about Technavio's in-depth research
reports
The global Automotive Engineering Service Providers (ESP) market
is witnessing significant growth, driven by advancements in vehicle
technologies and the increasing demand for innovative engineering
solutions. Concurrently, the global Micromobility market is booming
as urban areas embrace sustainable and efficient transportation
options, such as e-scooters and e-bikes. Additionally, the global
Automotive Digital Key market is expanding rapidly, fueled by the
rising adoption of connected cars and the need for enhanced vehicle
security and convenience. Together, these markets reflect a dynamic
shift towards smarter, more efficient, and secure mobility
solutions worldwide.
Market Research Overview
The Automotive Exhaust Gas Sensors market is a significant
segment in the automotive industry, focusing on the development and
implementation of sensors used to monitor exhaust gas emissions.
These sensors play a crucial role in ensuring compliance with
environmental regulations and improving vehicle performance. The
market encompasses various types of sensors, including oxygen
sensors, NOx sensors, and CO sensors. The demand for these sensors
is driven by stringent emission norms and the increasing awareness
of environmental sustainability. The market is also influenced by
technological advancements, such as the integration of advanced
sensors and the adoption of electric vehicles. The future of the
Automotive Exhaust Gas Sensors market lies in the development of
sensors that can accurately measure a wider range of emissions and
provide real-time data to optimize vehicle performance and reduce
emissions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Oxygen Sensor
- Temperature Sensor
- NOx Sensor
- Particulate Matter Sensor
- Differential Pressure Sensor
- End-user
-
- Passenger Vehicles
- Commercial Vehicles
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio