With 14.1% CAGR, Remote Automotive Exhaust Sensing Market Growth to Surpass USD 147 Million

The global remote automotive exhaust sensing market size is projected to grow from USD 76 Million in 2022 to USD 147 Million by 2027; it is expected to grow at a CAGR of 14.1% from 2022 to 2027. The rise in awareness among consumers about vehicle pollution is also attributed to the increasing demand for remote automotive exhaust sensing systems to detect the pollutants from vehicle emissions.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202934663

By Offering: Services segment to propel market growth

The services segment is expected to hold the largest share of the remote automotive exhaust sensing market, and a similar trend is expected to be observed from 2022 to 2027. Primarily, government organizations collaborate with remote exhaust sensing system manufacturers to detect vehicular emissions. The sensing systems are offered by the manufacturers on a rental basis for a fixed time duration. Moreover, the key applications of these systems include analyzing the real-driving emissions emitted by the vehicle in traffic, identifying the highest polluting or manipulated vehicles in their free circulation, and designing efficient and fair mobility standards. These factors are expected to drive the market growth for the services segment.

North America likely to emerge as the second largest remote automotive exhaust sensing market during the forecast period

North America held the second-largest share of ~39% of the remote automotive exhaust sensing market in 2021. This growth is attributed to the presence of key market players such as Hager Environmental & Atmospheric Technologies (HEAT). Moreover, the norms and regulations formulated by the government of the countries in North America are expected to reduce the gas pollutants from on-road vehicles. Various government organizations, namely the International Council on Clean Transportation (ICCT), US Environmental Protection Agency (EPA), Office of Scientific and Technical Information (OSTI), and Canada Centre for Remote Sensing (CCRS), have stringent environmental norms and regulations initiated in accordance with vehicle emissions.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=202934663

Opus Group AB (Sweden), Hager Environmental & Atmospheric Technologies (US), Doppler Environmental Protection Technology Co., Ltd. (China), Anhui Baolong Environmental Protection Technology Co., Ltd. (China), Korea Environment Corporation (South Korea), and Hangzhou Chunlai Technology Co., Ltd. (China) are some of the key players in the remote automotive exhaust sensing market.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.