This market research report outlines the market forecast for automotive emission sensors until 2019. The research report details the market segmentation by Q2 sensors and NOx sensors. The report provides the market shares for APAC, Americas, and EMEA.The leading vendors analyzed by this report include Bosch, Denso, Tenneco, and Faurecia.
Technavio’s market research analysts estimate the global automotive emission sensor market to grow at a CAGR of around 4% between 2015 and 2019. The growth in the automotive emissions sensors market can be attributed to the implementation of tougher and stricter emission norms across the world. The increase in auto sales across the globe fosters the growing adoption of emission sensors in vehicles. APAC dominates the global market for automotive emission sensors, accounting for 53% of the total market share. Increase in demand for passenger cars in China, India, Japan, and South Korea, is triggering the demand for emission sensors in the region.
The new market research report from Technavio provides a breakdown and analysis of the automotive emission sensor segments by technology.
“Increased demand for smart emission sensors has led to the development of oxygen sensors which come with a heating element. It makes sensors react immediately as soon as the engine is ignited. These smart sensors come with a in-built heater, which heats up the sensors to the requiired operating temperature. This action decreases the reaction time and reduces contact of exhaust gases with ceramic bulbs. This trend is expected to result in a gradual increase in the life time of sensors as they are less prone to contaminants,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
Automotive O2 emission sensors are the highest revenue generating segment in this market. Since the introduction of on-board diagnostics, the number of O2 sensors used in a vehicle is also increasing. O2 sensors can ensure peak engine performance, improve fuel economy, minimize exhaust emissions, and reduce the risk of damaging catalytic converters. This segment is expected to generate revenues of $9 billion by 2019.
The key vendors in the global automotive emission sensor market include Bosch, Denso, Tenneco, and Faurecia. The market is highly fragmented, with the presence of a large number of established manufacturers and a significant number of small and medium-sized enterprises. The market is characterized by the presence of well diversified global and regional vendors.
A more detailed analysis is available in the Technavio report, Global Automotive Emission Sensor Market 2015-2019.
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