Automotive Exhaust Sensor Market is expected to grow at a significant CAGR during the forecast period from 2021 to 2027. The market growth is attributed to the favorable government support for increasing passenger safety and security. Further, the increasing development in advanced driver-assistance systems (ADAS) technology tend to create demand for automotive exhaust sensors, which in turn, will drive the growth of the global market. Additionally, the major factors contributing to the growth of the market include the stringent vehicle emission standards and rising production of commercial and passenger vehicles. Increasing environment regulations related to vehicle emissions have augmented the adoption of automotive exhaust sensor systems in the vehicle components. In addition, the increasing demand for plug-in hybrid electric cars is further contributing to the demand for automotive exhaust sensor systems to control emission and improve fuel efficiency.
Europe is estimated to have a significant share in the market. The major European countries involved in automobile production include Germany, UK, and France. Key automobile companies operating in the region include Robert Bosch, Volkswagen, Daimler, BMW, Renault, Peugeot, Volvo, Continental AG, among others. Stringent regulations on emission control will likely to drive the growth of the market. The key market players in the automotive exhaust sensor market includes Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Sensata Technologies Holding NV, Hella KGAA Hueck & Co., Hitachi Ltd., Infineon Technologies AG, NGK Spark Plug Co., Ltd, and Stoneridge, Inc. Among others.
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A full report of Global Automotive Exhaust Sensor Market is available at: https://www.orionmarketreports.com/automotive-exhaust-sensor-market/41094/
The following Segmentation are covered in this report:
By Sensor Type
- Exhaust temperature and pressure sensor
- Oxygen sensor
- NOx sensor
- Particulate matter sensor
- Engine coolant temperature sensor
- MAP/MAF sensor
By Vehicle Type
- Passenger car
- LCV
- HCV
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Exhaust Sensor Market.
- The market share of the global Automotive Exhaust Sensor Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Exhaust Sensor Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Exhaust Sensor Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
