About Automotive Exhaust Gas Sensors
A sensor is a device that senses physical, chemical, and process changes in the environment and informs the system electronically. It sends out electronic signals, which are recorded and measured, and based on the information a counteractive change is implemented. Types of automotive sensors include fluid level, temperature, pressure, wheel speed, and exhaust gas sensors.
Technavio’s analysts forecast the global automotive exhaust gas sensors market to grow at a CAGR of 6.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive exhaust gas sensors market for 2017-2021. To calculate the market size, the report considers a combination of top-down and bottom-up approaches, wherein our in-house databases have been used.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Exhaust Gas Sensors Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive exhaust gas sensors market: Robert Bosch, Continental, Delphi Automotive, DENSO, and Sensata Technologies.
Other Prominent Vendors in the market are: ABB, Analog Devices, Broadcom, Emerson Electric, Faurecia, Hitachi Automotive Systems, Hyundai KEFICO, NGK Spark Plugs, and Tenneco.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is smart NOx sensors with sensor control units operating independently. Sensor manufacturer NGK has developed an NOx sensor using the zirconia (ZrO₂) thick film technology. These sensors are being marketed as smart NOx sensors since they have an integrated sensor control unit, which allows the sensor to be deployed independently of the vehicle's ECU. The primary utility of having its own sensor control unit is that these sensors can be used to multiple modes.”
According to the report, one of the major drivers for this market is growing demand for passenger cars to contribute to the increasing demand for automotive exhaust gas sensors. An increase in urbanization and in the income and purchasing power parity of individuals has improved the demand for passenger cars worldwide. The demand for passenger cars is high in regions such as APAC, North America, Central Europe, and Western Europe.
Further, the report states that due to growing demand, electric cars are expected to pose a challenge to gasoline and diesel cars. Most countries worldwide are trying to address the problem of future energy requirements created due to rapid technological changes. Factors such as advances in batteries, rising oil prices, and increasing awareness of the need to reduce greenhouse gas emissions have led to high demand for electrical vehicles, which function on electricity instead of gasoline and diesel.
Robert Bosch, Continental, Delphi Automotive, DENSO, Sensata Technologies, ABB, Analog Devices, Broadcom, Emerson Electric, Faurecia, Hitachi Automotive Systems, Hyundai KEFICO, NGK Spark Plugs, Tenneco.