According to a new market report by Lucintel, the future of the global exhaust sensor market looks promising with opportunities in the aerospace, automotive, consumer electronics, healthcare, industrial, and other industries. The global exhaust sensor market is expected to grow with a CAGR of 6% from 2020 to 2025. The major growth drivers for this market are growth of the automotive industry and stringent emission standards and norms, globally.
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In this market, exhaust gas temperature sensors, exhaust gas pressure sensors, particulate matter sensors, NOX sensors, oxygen sensors, engine coolant temperature sensors, and MAP/MAF sensors are the major sensor types. Lucintel forecasts that the particulate matter sensor segment is expected to witness the highest growth during the forecast period due to emission norms that restrict particulate matter emission in diesel vehicles.
Within this market, diesel will remain the largest fuel type segment, and it is also expected to witness the highest growth over the forecast period due to high demand for commercial vehicles.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period, supported by economic growth in countries, like India and China. This factor is increasing the demand for passenger cars, which is further attracting automobile manufacturers to invest in technology, hence increasing the demand for exhaust sensors.
Robert Bosch GmbH, Continental AG, Delphi, Automotive PLC, Denso, Sensata Technologies Holding NV, Hella KGAA, Hitachi Ltd., Infineon, NGK Spark Plug Co., Ltd, and Stoneridge, Inc. are among the major manufacturers of the exhaust sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global exhaust sensor market by sensor type, fuel type, end use industry and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Exhaust Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global exhaust sensor market by sensor type, fuel type, end use industry and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Exhaust Gas Pressure Sensors
Exhaust Gas Temperature Sensors
Oxygen Sensors
NOx Sensors
Particulate Matter
Engine Coolant Temperature Sensors
MAP/MAF Sensors
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Aerospace
Automotive
Consumer Electronics
Healthcare
Industrial
Others
By Fuel Type [$M shipment analysis for 2014 – 2025]:
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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