Pune, India -- (SBWIRE) -- 01/11/2018 -- Global Automotive Air Flow Meter Market Information Report by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle), by Channel (Original Equipment Manufacturer and After Market) and by Regions - Global Forecast To 2023

Market Scenario

An air flow meter is prominently used to measure the volume of intake air flowing into the automotive system. An important characteristic of the automotive air flow meter is that it can measure and detect both forward and backward flow with equal sensitivity. Increasing need of integrated electronics systems in automotive industry, has led to the enhancement in technology of automotive electronics market keeping the comfort, safety and security features on the top of the priority list. Components such as air flow meter, fuel meter, and emission regulation system, provide vital information to the driver, which helps them track fuel consumption and maintain engine efficiency. An auto engine needs to meet the accurate blend of air and fuel so that the vehicle carburetor and catalyst are entirely operative. This is important for the vehicle carburetor and the catalyst to convert particulate emissions in the exhaust into harmless gases.

The Global automotive air flow meter market is expected to grow at ~ 8% CAGR during the forecast period.

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The global automotive air flow meter market is segmented according to vehicle type such as, heavy duty and light duty vehicle. Light duty vehicles are expected to hold the largest share of the market, owing to higher volume of light duty vehicles manufactured than heavy duty vehicle. The global automotive air flow meter is segmented by sale channel as aftersales market and original equipment market (OEM). Original equipment market (OEM) segment is expected to hold the largest share of the market, owing to the increase in the production of air flow meter by the original equipment market. The global automotive air flow meter is segmented by display type as analog type and digital type. Digital type is expected to hold the largest share of the market, owing to the increase in the number of applications of digital processing units in automotive sector.

The significant growth of air flow meter is majorly driven by the growing automotive industry with increased demand for precision and robustness of air flow. Increasing global concern for the exhaust emission and fuel economy is ensuing in the increased demand for durable and better efficient air flow meter. However, high manufacturing cost of the air flow meter, may hinder the growth of automotive air flow meter market.

Global Automotive Air Flow Meter Market

Currently, the automotive air flow meter market is in the growth stage. This is due to the increasing concerns of the efficiency of vehicles over the forecast years. The growth is primarily attributed to the large number of applications of automotive air flow meters in the automotive industry, which is likely to continue during the forecast years. Stringent government regulations to curb vehicle's exhaust emission is one of the major factors driving the air flow meter market, globally. The North American region is currently the leading region in automotive air flow meter market, and is followed by Europe and Asia Pacific.

Key Players

The key players of global automotive air flow meter market are Denso Corporation (Japan), Robert Bosch GmbH (Germany), Festo AG & Co. KG (Germany), Hitachi, Ltd. (Japan), Delphi Automotive PLC (U.K), ACDelco (U.S), Mitsubishi Motors Corporation (Japan), K&N Engineering, Inc. (U.S), Nissan Motor Co., Ltd. (Japan) and FLIR Systems (U.S).

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Market Research Analysis:

Increasing need for integrated electronics systems in automotive industry, has led to the enhancement in technology of automotive electronics market keeping the comfort, safety and security features on the top of the priority list. Components such as air flow meter, fuel meter, emission regulation system provides vital information to the driver, which helps them track fuel consumption and maintain engine efficiency. An auto engine needs to meet the accurate blend of air and fuel so that the vehicle carburetor and catalyst are entirely operative. This is important for the vehicle carburetor and the catalyst to convert particulate emissions in the exhaust into harmless gases.

Light duty vehicle type, expected to grow at the highest CAGR

Light duty vehicle will dominate the automotive air flow meter market. The significant rise in production of light duty vehicle across the globe, with the development of multibillion dollar logistics and transportation industry, will be the major driver for the growth of light duty vehicle in automotive air flow meter market. Light duty vehicles are more fuel economic and are less expensive. Thus a significant growth will be observed during the forecast period for light duty vehicle in global automotive air flow meter market.

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