Pune, India -- (SBWIRE) -- 01/25/2018 -- Global Exhaust Sensors for Automotive Market by Sensor Type (Exhaust Temperature & Pressure, O2, NOX, Particulate Matter, Engine Coolant Temperature, & MAP/MAF Sensor), Fuel Type (Gasoline & Diesel), Vehicle Type (Passenger, LCV, HCV), & by Region- Forecast to 2022

Robert Bosch GmbH, Continental AG, Delphi Co., Denso Corporation, Sensata Technologies Holding NV, Hella KGAA Hueck & Co., Hitachi Ltd, Infineon Technologies AG, NGK Spark Plug Co., Ltd, Stoneridge, Inc, and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Exhaust Sensors for Automotive market.

Exhaust Sensors for Automotive Global Market – Overview

A sensor is a device which detects or measures a physical property and indicates or responds to it. Types of automotive sensors include fluid level, temperature, and pressure and exhaust gas sensors. Sensors play a key role in safety, comfort, and emission control. The exhaust sensors measures the proportion of oxygen in the gas or liquid form that flows out of the exhaust system. It also helps in reducing and controlling the nitrogen oxide emission in gasoline as well as diesel powered vehicles According to a recent study report published by the Market Research Future, The global market of Exhaust Sensors for Automotive is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

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The increasing or decreasing demand of the automotive industry directly has an impact on the market. The total four wheeler production across the globe in 2015 was almost 90 million units and is expected to witness further growth and reach more than 100 million units, by the year 2020. Moreover, the increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, due to which there has been a rise in the use of automotive exhaust sensors in the vehicles. Another factor responsible for the increase in vehicle sales is the macroeconomic development and the rise in the global middle class consumers. This results as a primary factor driving the growth of the automotive exhaust sensors with technological developments and rapidly increasing disposable income among the consumers. Thus, the growth of the automotive exhaust sensors systems market is expected to go hand in hand with the automotive industry.

The automotive industry is moving towards electrification which have resulted in the growing demand for automation. The increase in demand for electrification of the vehicles have result in the growth of the market in future.

The major factor that has been a restraint for the automotive exhaust sensors market is the government regulations over its certification. The automotive exhaust sensors needs to clear all the certification process led by government and transportation department. However, several manufacturers face various difficulties in getting NOC from these departments. Moreover, the manufacturers need to obtain these certificate to sell or export their products to other countries such as US's DOT, China's CCC, Brazil's INMETRO, Japan's JAS, India's RTO and among others. Therefore, owing to this factors, the market has faced various challenges that could obstruct the market growth.

Industry/ Innovation/ Related News:

The key strategies followed by most companies within the global Exhaust Sensors for Automotive market are that of new product development.

In Feb 2016, Continental had begins producing urea sensors for more efficient exhaust-gas aftertreatment in diesel engines

In Nov 2017, Oxygen sensors of Denso Corporation have formed a critical component of Engine Management Systems (EMS).

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Exhaust Sensors for Automotive Market – Segmentation

The global Exhaust Sensors for Automotive market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Sensor Type : Comprises Exhaust Temperature & Pressure, O2, NOX, Particulate Matter, Engine Coolant Temperature, & MAP/MAF Sensor.
Segmentation by Fuel Type : Comprises Gasoline & Diesel.
Segmentation by Vehicle Type : Comprises Passenger, LCV, HCV.
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Exhaust Sensors for Automotive Market: Regional Analysis

Major automotive companies of the world are now expanding quickly to the regions such as Asia-Pacific (especially China, Japan, Thailand, India, and Malaysia), Latin America (Brazil), and others. These giant companies perceive a huge potential of automotive exhaust sensors systems and other automotive components in these countries and are investing to earn the benefits until the market becomes matured. Also, new entrants in emerging economies are investing in infrastructure development, large scale, and long term projects with the major automotive companies. The emerging economies such as China, Brazil, India, Japan, and other countries are boosting the automotive bumper as well as other components market. The growth of the country is eventually helping to increase the purchasing power of the customers, and which in turn boosting the growth of the industries.

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