New Report: Automotive Oxygen Sensor Market 2022 Size, Growth Analysis Report, Forecast to 2028

The global automotive oxygen sensor market is anticipated to grow at a CAGR of 6.0% during the forecast period (2022-2028).

An automotive oxygen sensor is an electronic device used to measure the oxygen content in exhaust gases. It is also known as a lambda sensor and is used to regulate the air/fuel mixture and exhaust gas emissions in the internal combustion engine. The amount of oxygen in the exhaust gas is a good indicator of the combustion efficiency of an engine and is also the best place to monitor the air-to-fuel ratio. The total life of the exhaust system wholly depends on the oxygen sensor, as improper burning of the fuel can damage the internal components of the exhaust system as well as impact the overall performance of the vehicles.

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The rise in demand for vehicles with advanced features and technology, and the rise in the use of automotive vehicles along with strict government protocols that have to be followed with respect to emission control are some of the driving factors for the growth of the market. Moreover, the increase in the addition of automotive oxygen sensors in old vehicles, and the rise in digitalization in automotive parts are some other driving factors for the growth of the automotive oxygen sensor market. However, an increase in the adoption of electric vehicles to replace conventionally fueled vehicles is the restraining factor for the growth of the market.

The market is segmented based on the type and application. Based on the type, the market is sub-segmented into narrowband sensors and zirconia sensors. Narrowband sensor works on the rich lean principle. They are located close to the engine and then to the tailpipe. They are used to measure the amount of unburnt oxygen in the exhaust gas mixture and provide the engine management system with an accurate Air to Fuel Ratio (AFR) measurement. Zirconia sensors are used to measure the oxygen potential in various heating furnaces or exhaust pipes, and to calculate the corresponding oxygen concentration according to the principle of chemical equilibrium to monitor and control the combustion air ratio in the furnace to ensure the product quality. The wideband zirconia sensor is used in stratified fuel injection systems and can now also be used in diesel engines to satisfy the upcoming EURO and ULEV emission limits.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Robert Bosch GmbH, Denso Corp., and Continental AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

Global Automotive Oxygen Sensor Market Report by Segment

By Type
• Narrow Band Sensor
• Zirconia Sensor

By Application
• Passenger Vehicle
• Commercial Vehicles
• Two Wheelers

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This release was published on openPR.