Global Exhaust Sensors Market 2016-2020
About Exhaust Sensors
Automobile pollution is a critical issue for governments globally. NOx and CO are the two principle gasses that cause air pollution, which has increased environmental and health concerns. This has led to significant research and development of technologies to reduce emissions and the development of exhaust sensors that can monitor and control vehicle emissions. Exhaust sensors are widely used in all types of automobiles, from passenger cars to HCVs. Among the widely used automobile sensors (O2, NOx, particulate matter, and differential pressure sensors), O2 sensors are mostly found in all automobiles.
Technavio’s analysts forecast the global exhaust sensor market to grow at a CAGR of 0.8% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global exhaust sensor market for 2016-2020. To calculate the market size, the report considers the the revenue generated from the sales of automotive exhaust sensors for heavy commercial vehicles (HCVs), light commercial vehicles (LCVs), and passenger cars.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Exhaust Sensor Market 2016-2020
Technavio recognizes the following companies as the key players in the global exhaust sensor market: Continental, Delphi Automotive, Denso, Hitachi Automotive Systems, Robert Bosch, and Sensata Technologies.
Other Prominent Vendors in the market are: ABB, Analog Devices, Broadcom, Emerson Process Management, Faurecia, NGK Spark Plug, Hyundai KEFICO, and Tenneco.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be increase in mergers and acquisitions. Existing vendors in the global exhaust sensor market intend to expand their market shares by increasingly being involved in mergers and acquisitions. For instance, Delphi Automotive acquired Antaya Technologies and Unwired Holdings in 2014 to increase its business operations in emerging markets. In October 2014, Sensata Technologies acquired Schrader International, a global leader in tire pressure monitoring sensors (TPMS), to expand its sensor product line. In January 2014, Denso merged its subsidiary Denso Wave with Denso Elecs, which manufactures a broad range of automatic data capture equipment, programmable controllers, industrial robots, sensors, and other apparatus and systems.”
According to the report, increased penetration of diesel engine vehicles will be a key driver for market growth. Diesel engines expel a large amount of particulate compared to gasoline engines. These gasses have a severe impact on the environment and the health of individuals. This generates a need for emission sensors like O2 and NOx sensors and technologies such as SCR, exhaust gas recirculation, and diesel particulate filters to limit emission levels. Fuel efficiency and the low cost of diesel are factors that are increasing the demand for diesel vehicles and sales of diesel vehicles across the globe. This is expected to have a direct positive impact on the demand for exhaust sensors.
Further, the report states that high price of exhaust sensors will be a challenge for the market. The majority of exhaust sensors fall in the price range of $100-$250, which is quite expensive for automobile manufacturers. Due to stringent rules for vehicle emission control in countries such as China, Europe, Japan, and the US, manufacturers are compelled to use these sensors in their vehicles. This increases the production cost of vehicles. These standards are expected to increase regulation-driven content such as exhaust sensors in vehicles from 40% to 60%, reducing the price-cost gap for the manufacturers.
Continental, Delphi Automotive, Denso, Hitachi Automotive Systems, Robert Bosch, Sensata Technologies, ABB, Analog Devices, Broadcom, Emerson Process Management, Faurecia, NGK Spark Plug, Hyundai KEFICO, Tenneco.
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