The automotive exhaust sensor market is projected to reach USD 35,714.7 Million by 2020 from USD 25,961.8 Million in 2015. The growth of automotive sensors can be directly attributed to the increasing use of electronics in the automotive industry for safety, driving control, emission control, and luxury. Emission sensors are a commercially attractive segment of the overall automotive sensors market and are estimated to grow at a CAGR of 6.59% from 2015 to 2020.
Chicago, IL -- (SBWIRE) -- 08/11/2015 -- The report "Exhaust Sensor Market for Automotive by Sensor Type (Exhaust Temperature & Pressure, O2, NOX, Particulate Matter, Engine Coolant Temperature, & MAP/MAF Sensor), Fuel Type (Gasoline & Diesel), Vehicle Type, & by Region - Industry Trends & Forecast to 2020" defines and segments the automotive exhaust sensor market, with an analysis and forecast of the global market size, by volume and value.
Browse 77 market data tables and 73 figures spread through 177 pages and in-depth TOC on "Exhaust Sensor Market - Industry Trends & Forecast to 2020"
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The global automotive exhaust sensor market is projected to grow at a CAGR of 6.59% from 2015 to 2020 to reach USD 35,714.7 Million by 2020.
Asia-Oceania: Fastest-growing market, by value, for emission sensors
The Asia-Oceania region comprises countries such as China, India, Japan, and South-Korea. Recent infrastructure developments and industrialization activities in these countries have opened up new avenues, opportunities, and markets for OEMs. The demand for passenger cars is growing in these regions, triggered by an increase in per capita income and demand for luxury. The infrastructural developments and industrial investments have also propelled the growth of commercial vehicles and consequently, emission sensors in the region. Asia-Oceania has lenient emission norms compared to other regions; however, with countries such as China experiencing high pollution levels, the norms are anticipated to become increasingly stringent in the coming years. This would fuel the growth of the exhaust sensor market.
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Europe: Stable market for emission sensors
Western Europe is a matured market for the automotive industry. Additionally, the European automotive industry registered a negative CAGR owing to the Euro Crisis of 2008. However, the industry began recovering at a rapid rate after 2013. Prompted by environmental concerns related to rising emission levels across the region, the European Union has introduced stringent norms to keep emission levels under limits. These regulations have compelled automobile manufacturers to develop technologically advanced automotive exhaust sensors.
North America: One of the key markets for emission sensors
The North American region comprises the U.S., Canada, and Mexico, which is also a technologically advanced and matured automotive market. However, a number of OEMs are setting up manufacturing facilities in Mexico, owing to economical labor and low production costs. This has increased the vehicle production volume of the country, thereby increasing the demand for exhaust sensors.
The report covers the global automotive emission sensor market in terms of volume ('000 units) and value (USD Million) across the regions of Asia-Oceania, Europe, North America, and Rest of the World (RoW). It explains the qualitative and quantitative aspects of the automotive exhaust sensor market. The report briefly studies the market on the basis of region, sensor type, and vehicle type from 2015 to 2020.
It also provides an overview of technical factors and other important aspects of the automotive exhaust sensor market. It includes a value chain analysis, Porter's Five Forces analysis, a competitive landscape, and company profiles. In addition to this, 10 key players of the automotive exhaust sensor industry have been profiled.
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