Automotive Exhaust Sensor Market: Gasoline will remain the Dominant Engine

From: FactMR
Published: Wed Feb 27 2019


The global market for automotive exhaust sensor will exhibit a steady 4.0% CAGR, in terms of value, between the forecast period 2017 and 2026, as slated by a new Fact.MR report. Over 160,000,000 units of automotive exhaust sensors are expected to be sold worldwide by 2026-end.

In terms of volume, the 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.

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Miniaturization of integrated circuits has been providing a boost to the development of the automotive exhaust sensors since the recent past. Demand for microelectromechanical system (MEMS) sensors, miniaturized form of the conventional ICs that are manufactured with the aid of microfabrication technology, has been witnessing a substantial surge. Adoption of microfabrication technology enhances the accuracy and reliability of automotive exhaust sensors, meanwhile improving their efficiency, communication capabilities, response time, and robustness. Additionally, a large number of automotive exhaust sensor manufacturers are making enormous investments in research & development activities for coming up with better microfabrication technologies, which in turn will help them in boosting their revenue generation.

Automotive exhaust sensors are expected to exhibit the largest sales in North America, trailed by Europe and Asia-Pacific excluding Japan (APEJ). However, sales of automotive exhaust sensors in Europe will increase at a relatively higher CAGR than that in APEJ and North America through 2026.

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Middle East & Africa and Latin America are anticipated to remain the fast-expanding markets for automotive exhaust sensor. In contrast, the market in Japan will exhibit a sluggish expansion through 2026.

Automotive exhaust sensors are likely to witness huge demand from passenger cars and heavy commercial vehicles, with sales in these two vehicle type segments collectively estimated to exceed 120,000,000 units by 2026-end.

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 Automotive exhaust sensors will witness the highest demand for use in gasoline engines. However, growing penetration of diesel engines in developed nations has resulted into rapid adoption of automotive exhaust sensors for use in these engines recently. Automotive exhaust sensors are projected to register the fastest expansion for use in diesel engines through 2026, in terms of value. Although OEM remains the dominant sales channel for automotive exhaust sensors in terms of revenues, sales in aftermarket are poised to exhibit a relatively faster expansion through 2026.

Competition Tracking

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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