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Pulished Date January, 2021
ID: 10756
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Exhaust Sensors Market Segmentation by Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Engine Type (Diesel and Gasoline), By Sales Channel (OEM and Aftermarket) & By Region- Forecast till 2026

Pulished: January, 2021
ID: 10756
Pages: 175

Market Overview

In 2021, the global Exhaust Sensors Market valued at USD 28.71 billion and was projected to expand at a 4% CAGR to reach USD 36.33 billion by 2026.

Automotive Exhaust Sensors detects a physical feature and responds to it. Some of the primary automotive sensors are temperature, fluid level, and exhaust gas and pressure sensors. Sensors are used for safety, emission control, and comfort. Exhaust sensors are widely used in automobiles to measure the exhaust proportion in emission analyzed.

Recent Developments

In July 2017, Pricol Limited signed an MoU with Kerdea Technologies for the commercialization and development of Oxygen (O2) sensors. This agreement will help Pricol Limited meet the expected demand for exhaust sensors from the Indian region for the upcoming "Bharat Standard (BS)-VI regulations.

In July 2017, AVX Corporation announced their plan to acquire Transportation, Sensing & Control division from TT Electronics. This acquisition will enable AVX Corporation to expand the product offerings for the automotive market.

In April 2017, NGK SPARK PLUGS launched two new exhaust sensor products. The products defined on their capabilities as Mass Air Flow (MAF) Sensor and Manifold Absolute Pressure (MAP) Sensor is expected to be presented at "automechanika" held in June at Birmingham, UK.

Market Drivers

The increasing use of diesel engine vehicles is the primary driver for the exhaust sensors market's growth as diesel engines release more particulate matter than gasoline engines. It harms people's health and the environment, leading to increasing demand for exhaust sensors, diesel particulate filters, and exhaust gas recirculation. The low cost and efficiency of diesel are increasing the sales of diesel automobiles worldwide. The government regulations on emission is another factor driving the global market. Increasing automobile sales may further lead to driving the global exhaust sensors market's growth. The rise in electronic content in automobiles is also driving the expansion of the exhaust sensors market.

Increasing demand for IC miniaturization and commercial vehicles are other factors driving the worldwide exhaust sensors market's growth.

Restraints

Growing demand for battery-based electric vehicles and increasing complexity for integrating various electronics products in automobiles are significant factors that hinder the exhaust sensors market's growth. The high cost and need for long life expectancy associated with advanced exhaust sensors may further restrain the market growth during the anticipated timeframe.

Market Segmentation

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles 
  • Heavy Commercial Vehicles

Among these, passenger cars registered the lion's share in the global automotive exhaust sensors market. Passenger cars' dominance in the market can be primarily associated with the advent of stringent emission norms, which demand the installation of automotive exhaust sensors in passenger cars to check air pollutants, thereby significantly driving sales of the emission-efficient passenger cars. Besides, sales of automotive exhaust sensors in passenger cars and heavy commercial vehicles are estimated to witness an equal and the highest CAGR, in terms of value, through 2026, closely followed by light commercial vehicles.

By Engine Type

  • Gasoline 
  • Diesel 

Automotive exhaust sensors will observe the highest demand for use in gasoline engines. However, the growing penetration of diesel engines in developed nations has resulted in the rapid adoption of automotive exhaust sensors in these engines lately. Automotive exhaust sensors are projected to witness the fastest augmentation for diesel engines through 2026 in terms of value.

By Sales Channel

  • OEM
  • Aftermarket

Although OEM remains the leading sales channel for automotive exhaust sensors in terms of revenues, sales in the aftermarket are poised to witness a relatively faster expansion through 2026.

Regional Analysis

Asia-Pacific, comprising countries such as China, India, Japan, and South-Korea, is the fastest-growing market, by value, for emission sensors. Recent infrastructure developments and industrialization activities have opened new avenues, opportunities, and markets for OEMs and propelled commercial vehicles' growth and, consequently, emission sensors in these regions. Passenger cars' demand is increasing, triggered by a rise in per capita income and demand for luxury. Asia-Pacific has lenient emission regulations compared to other areas; however, with countries such as China experiencing high pollution levels, the standards are anticipated to become increasingly stringent in the coming years. It would fuel the growth of the exhaust sensor market.

Europe is a mature market for the automobile sector. Besides, the European automotive sector witnesses a negative CAGR due to the Euro Crisis of 2008. Nonetheless, the industry began recovering at a rapid pace after 2013. Prompted by environmental concerns about the rising emission levels across the region, the European Union has introduced stringent regulations to keep emission levels under limits. These regulations have compelled automobile manufacturers to develop technologically advanced automotive exhaust sensors.

The North American region comprising the U.S., Canada, and Mexico is one of the critical markets for emission sensors, a technologically advanced and matured automotive market. However, several OEMs set up manufacturing facilities in Mexico, owing to economic labor and low production costs. It has enhanced the vehicle production volume of the country, thereby improving the demand for exhaust sensors.

Key Players

The global automotive emission sensor market is dominated by major players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (U.S.), Sensata Technologies Holding N.V. (Netherlands), Delphi Automotive (U.K.), and Hitachi Automotive Systems (Japan).

Impact of COVID-19 on Exhaust Sensor Market 

The coronavirus pandemic had an immediate and critical impact on the globally integrated automotive industry. Symptoms include a disruption in Chinese parts exports, large scale manufacturing interruptions across Europe, and assembly plants' closure in the United States. It is placing intense pressure on an industry already coping with a downshift in global demand, negatively impacting the global exhaust sensors market.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Exhaust Sensors Market, By Vehicle Type             

                    6.1.1 Passenger Cars        

                    6.1.2 Light Commercial Vehicles 

                    6.1.3 Heavy Commercial Vehicles

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Exhaust Sensors Market, By Engine Type              

                    6.2.1 Diesel  

                    6.2.2 Gasoline        

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Exhaust Sensors Market, By Sales Channel           

                    6.3.1 Aftermarket   

                    6.3.2 OEM    

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Vehicle Type        

                    7.2.3 By Engine Type        

                    7.2.4 By Sales Channel      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Vehicle Type        

                    7.3.3 By Engine Type        

                    7.3.4 By Sales Channel      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Vehicle Type        

                    7.4.3 By Engine Type        

                    7.4.4 By Sales Channel      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Vehicle Type        

                    7.5.3 By Engine Type        

                    7.5.4 By Sales Channel      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Vehicle Type        

                    7.6.3 By Engine Type        

                    7.6.4 By Sales Channel      

8. Key Player Analysis                           

          8.1 Robert Bosch GmbH              

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Continental AG           

          8.3 Denso Corporation                

          8.4 Sensata Technologies Holding N.V            

          8.5 Delphi Automotive                

          8.6 Hitachi Automotive Systems            

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Exhaust Sensors Market By Region, From 2021-2026 ( USD Billion )
  2. Global Exhaust Sensors Market By Vehicle Type, From 2021-2026 ( USD Billion )
  3. Global Passenger Cars Market By Region, From 2021-2026 ( USD Billion )
  4. Global Light Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  5. Global Heavy Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  6. Global Exhaust Sensors Market By Engine Type, From 2021-2026 ( USD Billion )
  7. Global Diesel Market By Region, From 2021-2026 ( USD Billion )
  8. Global Gasoline Market By Region, From 2021-2026 ( USD Billion )
  9. Global Exhaust Sensors Market By Sales Channel, From 2021-2026 ( USD Billion )
  10. Global Aftermarket Market By Region, From 2021-2026 ( USD Billion )
  11. Global OEM Market By Region, From 2021-2026 ( USD Billion )

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