Global Automotive Oxygen Sensor Market Analysis, Drivers, Strategies, Segmentation, Application & Forecast 2023

The author of the report analyzed that the global automotive oxygen sensor market accounted for US$ 2,666.7 million in 2017. Every car manufactured after 1980, is equipped with an oxygen sensor. The sensor is a part of the emissions control system, and feeds data to the engine management computer. The goal of the sensor in the car is to ensure that the engine is running at top performance. This instrument is used for managing the exhaust emission of petrol, diesel and gas engine.
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Key Players: AG, CTS Corporation, Delphi Automotive LLP, Denso Corporation, Fujikura LTD, Robert Bosch GmbH, Spectra Premium Industries Inc, NGK Spark Plug CO., Ltd, Walker Products, Inc., Facet Srl, ERA SPA, Meat & Doria S.r.l., Analytical Industries Inc, Shaanxi Fortune Industries Co. Ltd, Oxigraf, Inc.

Oxygen sensor in automobiles limits the emission of harmful gases such as carbon monoxide, hydrocarbons, particulate matter, volatile organic compounds and sulfur oxide. Major step has taken into consideration by all the regulatory bodies worldwide to lessen the emissions. These regulations have led the automobile manufacturer to focus on solutions which may control or limit the emission by vehicle as well as improve car’s performance. This give rise to the use of sensor in various vehicles which include road or non-road such as (aircraft, ships etc.)

Sale of automobiles and oxygen sensor goes hand in hand. If automobile industry’s demand is rising, then the demand of oxygen sensor will also grow and vice versa. But recent study has shown that developed countries like the U. S, Canada Spain, Italy, Britain and many other have become a saturated market for automobile.

Uplifting economy has increased disposable income in developing countries like India Japan and china, owing to a luxurious lifestyle of people in this region. These factors have led to the growth of various end user industries such as automobiles, food & beverages, electronics, personal care products, etc. Among these automobile industry is expected to grow at a significant rate in this region. Therefore growing sale and demand of automobiles in the region is in turn expected to drive the growth of Asia Pacific automotive oxygen sensor market.

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Increase in the number of passenger cars over the last decade, is responsible for the emission of harmful gases in the environment, which is degrading the efficiency of cars. Oxygen sensor improves the functionality of the cars. These sensor provide features such as better resolution, higher accuracy as well as long-time stability especially under severe environmental conditions. The sensors not only improve the durability of the cars but also keep a track on emission of harmful gases and reduces the threat of air pollution from the environment.

When customers buy automobiles, they demand performance and efficiency at low cost and high reliability. These challenges are being met by modern control, advanced after treatment devices and innovative powertrains. These developments brought several technology breakthroughs. Innovation of oxygen sensor is an outcome of these development. These sensors boost up powertrain feature by reducing fuel consumption and vehicle emission, which end up giving more mileage to automobiles.

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