Automotive Exhaust Sensor Market
Automotive Exhaust Sensor Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0593
Segments Covered
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 Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
24.21 Billion |
 Revenue 2028:
|
27.79 Billion |
 Revenue CAGR
(2021 - 2028): |
1.74% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive Exhaust Sensor Market - Global Market Assessment, 2021 - 2028
Automotive Exhaust Sensor Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Exhaust Sensor market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Exhaust Sensor market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Exhaust Sensor in terms of revenue?
-
The global Automotive Exhaust Sensor valued at 24.21 Billion in 2020 and is expected to reach 27.79 Billion in 2028 growing at a CAGR of 1.74%%.
Which are the prominent players in the market?
-
The prominent players in the market are Continental AG, Robert Bosch GmbH, Stoneridge Inc., Delphi Automotive PLC, Infineon Technologies AG, NGK Spark Plug Co. Ltd, Hella KGAA Hueck & Co., Hitachi Ltd., Sensata Technologies Holding NV, Denso Corporation..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 1.74%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Exhaust Sensor include
- The increased adoption of a miniaturized form of conventional integrated circuits manufactured by using micro fabrication technology is expected to witness a huge demand in the years to come. The use of micro fabrication technology allows automotive exhaust sensors to work more accurately and is also reliable at the same time. It also helps in enhancing their response time, efficiency, communication capabilities, and robustness. In addition, most of the major manufacturers of automotive exhaust sensor manufacturers are making huge investments in research & development activities in order to come up with better micro fabrication technologies, which in turn are expected to fuel the market growth.
- The rising automotive sale and production across the globe is anticipated to augment the growth of the automotive exhaust sensors market during the forecast period. This is owing to the increase in manufacturing facilities in most of the emerging countries such as China, India, and Brazil among others. The prominent players of the automotive sector as well are focussing to invest and expand the business through different segments to gain better profitability. Furthermore, the increasing adoption of personal vehicles has also increased the global sales and production of automobiles which in turn is expected to support the growth of the automotive exhaust sensors market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Exhaust Sensor in 2020.
