Automotive Exhaust Sensor Market: Middle East & Africa and Latin America are Anticipated to Remain the Fast-Expanding Markets
June 19, 2019 by Steve Blade
In terms of volume, the global automotive exhaust sensor market will record a CAGR of 3.5% during the forecast period 2017 to 2026, as projected by a recent Fact.MR report. Nearly US$ 2,000 Mn worth of automotive exhaust sensors are estimated to be sold globally by 2026-end.
The interdisciplinary nature of microelectromechanical system (MEMS) sensors which are fabricated using integrated circuit (IC) batch processing techniques and have the ability to sense, actuate and control on the micro scale has grabbed eyeballs globally.
Nevertheless, MEMS has been regarded as one of the most sought-after technologies of the 21st century and has the potential to transform both consumer and industrial products by combining silicon-based microelectronics with micromachining technology. The use of MEMS as internal navigation sensors; air conditioning compressor sensor; brake force sensors & suspension control accelerometers has received accolades in the automotive landscape.
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Table of Content
1. Global Economic Outlook
2. Global Automotive Exhaust Sensor Market - Executive Summary
3. Global Automotive Exhaust Sensor Market Overview
4. Pricing Point Analysis
To be Continue...........................................
In today’s era, automobiles are made of sophisticated technologically-based systems which depend on information coming from different sensors to discern the optimal conditions for fuel efficiency, engine performance and other aspects of automobiles. Accordingly, oxygen sensor has been regarded as one of the critical components in any car’s exhaust system. When it comes to aptly concoct a robust fuel-to-oxygen ration for the combustion, oxygen sensor plays a huge role.
Soaring fuel costs and relentless pressure on the automotive industry to curb emissions have led to booming market shares for passenger cars. According to the study, over 160,000,000 units of automotive exhaust sensors are anticipated to be sold by 2026 end. Meanwhile, there will be rising demand for automotive exhaust sensors for use in gasoline engines. On the basis of sales channel, OEMs are anticipated to be in the vanguard of exhaust sensor market.
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Key Projections on Future of Automotive Exhaust Sensor Market for Forecast Period 2017-2026 (In Terms of Volume)
Automotive Exhaust Sensor Market: Competitive Landscape
Nature of the global automotive exhaust sensor market is highly competitive and fragmented on the back of the occupancy of numerous international and regional players worldwide. As international players are concentrating on the expansion of their geographical reach, regional vendors are finding it difficult in competing against them based on product cost, safety, and quality. Key players actively contributing to the market expansion include Sejong Industrial Co., Ltd., Harbin Airui Automotive Exhaust Systems Co. Ltd., Bosal International N.V., SANGO Co., Ltd., Yutaka Giken Co., Ltd., Futaba Industrial Co., Ltd., Benteler International AG, Friedrich Boysen GmbH & Co. KG, Eberspächer Group, Tenneco Inc., and Faurecia S.A.
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