Gas Sensor Market in Automotive Sector Will Reach Over 1 Billion in Coming Years| Key Players : - ABB, ams AG, DENSO, Siemens, Yokogawa, AlphaSense, Inc., Bosch Sensortec GmbH
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The automotive gas sensor market is will reach over USD 1 billion due to an extensive use of these components to meet stringent emission levels and minimize vehicle energy consumption levels. Gas sensors also play a vital role as they offer emission management systems and provide real-time feedback to vehicular fuel, thus reducing the discrepancy between emissions observed in factory tests. Moreover, stringent government regulations across the globe to protect the environment are playing a crucial role in implementing these components in automotive vehicles for both, diesel and gasoline systems.
The key players covered in this study: -
• ams AG
• BlueSens gas sensor GmbH
• Sensors, Inc.
• City Technology
• AlphaSense, Inc.
• Amphenol Advanced Sensors
• Bosch Sensortec GmbH
• Figaro USA Inc
Low costs and high efficiency of the electrochemical gas sensor market which was valued at over USD 820 million in 2017 will drive the demand over the forecast period. These components are predominantly preferred in several applications due to their capability of accurately sensing combustible and toxic gases. These components are being extensively adopted across industrial plants, particularly in refineries and confined spaces owing to their ability to measure toxic gases having relatively low concentrations. The technology is also widely adopted across manufacturing plants as it helps in detecting a wide range of gases.
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The expanding automobile sector and rising trend of automation across a myriad range of domains are chronicled to be some of the major factors driving APAC gas sensor market. Reportedly, China and India are anticipated to be the major revenue pockets for APAC gas sensor market. The growth in these regions can be primarily credited to the phenomenally increasing technological developments with regards to curtailment of hazardous air pollutant emissions.
Allegedly, China has been remarkably incorporating miniaturized and wireless sensors to enable convenient detection of toxic gases. Moreover, the growing urbanization and demand for technologically upgraded products such as E- compressor and E-turbo is further fueling China gas sensors market share. Beijing and Shanghai are touted to be pivotal contributors to the rapidly deteriorating outdoor air quality, that exceeded the set particulate matter concentration by the WHO by a substantial proportion in 2017, which has further impelled China gas sensor market.
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However, in parallel to these developments the industry is also facing some major challenges with the exponentially increasing number of CO and CO2 sensors. The overcrowding of these devices has not only impacted the strategic landscape but has also raised a question on the product differentiation and innovations with regards to these sensors. Keeping this into consideration, the market players are vigorously investing in R&D activities to offer a diversified range of products, addressing the innovation and feasibility parameters. Some of the prominent names in the industry include Amphenol Corporation, Dynament, Bosch Sensortec, City Technology, Figaro Engineering Inc., Honeywell International Inc., Teledyne Technologies Incorporated, Trolex Ltd, and Siemens AG.
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