Automotive Emission Sensors Market Size, Share & Industry Analysis, By Type (O2-Lambda Sensors, NOX sensors (Nitrogen Oxide sensor)Particulate Matter Sensors), By Application (Passenger cars, Commercial Vehicle) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The emission from the vehicle causes air pollution and leads to an increase in greenhouse gas, thus increasing health and environment concerns. It has led to research and development of the technologies to reduce the emission from the vehicles. It has, in turn, managed to the development of emission sensors, to control the emission from the vehicle. The usage of automotive emission sensors varies for passenger cars to heavy commercial vehicles. The strict implementation of the emission standards across the globe will drive the automotive emission sensors market over the forecast period. The substantial efforts made by automotive industries to make a vehicle more proficient and smart with reduced emissions will also propel the demand for emission sensors market over the forecast period. The automotive emission sensor is an electronic device used to know the amount of oxygen present in the gas or liquid mixture and also supervise the unburned oxygen levels from the vehicle’s emission.
Key Market Driver -
Stringent government policies regarding emission of the vehicle will drive the automotive emission sensors market.
Key Market Restraint -
Increasing the demand for the battery electric vehicle will restraint the automotive emission sensors market.
However, the rising demand for the battery-electric vehicle will restraint the growth of the automotive emission sensors market. The government initiatives and subsidies are propelling the growth of the battery-electric car leading to hindrance for the emission sensors market. The different types of emission sensors are O2-Lamda sensors, NOX sensors, and particulate matter sensors.
Key Players Covered in the Global Automotive Emission Sensors Market:
The major players that are present in the global automotive emission sensors market include Continental AG (Germany), Denso Corporation (Japan), Faurecia, Robert Bosch GmbH ( Germany), Fujikura Ltd., Walker Products, Inc., Friedrichshafen AG., among others.
The global automotive emission sensors market has been segmented into type, application, and region. By type, further, the market has been segmented into O2-Lambda sensors, NOX sensors, and Particulate Matter sensors. The O2-Lambda sensor holds the largest market share and will retain its position over the forecast period owing to the frequent use of an O2-lambda sensor to measure the level of oxygen from the mixture in the vehicle. The NOX sensor is used to determine the level of nitrogen oxide in the combustion environment. The particulate matter sensors are used to determine the particulate matter present in an emission gas of the vehicle. By application, the market has been segmented into passenger cars and commercial vehicles. The passenger car segment is expected to dominate the market over the forecast period owing to the increasing sales and production from developing countries such as China, India, and South Korea. The growing demand for passenger cars with standard emission norms will propel the growth of this segment. The commercial vehicle segment is also expected to show good growth over the forecast period. The use of automotive emission sensors in a commercial vehicle is lower compared to passenger cars.
Regional Analysis:
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The market has been segmented into North America, Europe, Asia Pacific and the rest of the world. North America is anticipated to dominate the automotive emission sensors market over the forecast period amid the presence of the established players in this region with the high investment in the research and development of the technologies for the emission sensors. Europe is also expected to show growth over the forecast period owing to stringent government regulations concerning the emission from the vehicles. The increasing demand for telematics for the vehicles from this region will also fuel the growth of the automotive emission sensors market over the forecast period. Asia Pacific is estimated to show a steady growth of the automotive emission sensors market over the forecast period owing to increasing demand for passenger cars from developing countries such as India, China, and Japan. These nations are strengthening the emission standards as per requirement from Europe and North America, and this factor will also propel the growth of the automotive sensor market.
Segmentation
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- Ongoing
- 2023
- 2019-2022
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