Press release
Steady Expansion Forecast for Automotive Oxygen Sensor Market, Projected to Reach $12.27 Billion by 2029
Automotive Oxygen Sensor Market Size
Automotive Oxygen Sensor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the automotive oxygen sensor has witnessed a substantial expansion in the previous years. The estimated growth projects a rise from $8.44 billion in 2024 to $9.12 billion in 2025, with an 8.0% compound annual growth rate (CAGR). The historic period's growth is resultant of an enhanced focus on fuel economy, an uptick in consumer knowledge, the proliferation of automotive production, the emergence of diesel engines, and strategic partnerships and collaborations.
Automotive Oxygen Sensor Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for the automotive oxygen sensor market with projections indicating robust growth in the coming years. The market size is predicted to escalate to $12.27 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%. This anticipated growth during the forecast period can be ascribed to the expansion of hybrid vehicles, the advent of autonomous vehicles, the integration of technologies such as the Internet of Things (IoT) and artificial intelligence (AI), emphasis on monitoring vehicle health, and sustainability campaigns. Key trends projected for the forecast period encompass the escalated adoption of wideband oxygen sensors, improvements in sensor materials and production methods, the transition towards integrated sensor solutions, the development in the commercial vehicle sector, and consumer inclination for environmentally friendly technologies.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-oxygen-sensor-global-market-report
What Are the Drivers Transforming the Automotive Oxygen Sensor Market?
The anticipated surge in vehicle manufacturing is set to fuel the expansion of the automotive oxygen sensor market. This surge can be attributed to the escalating worldwide need for transportation and economic growth. Automotive oxygen sensors, which play a crucial role in achieving optimal fuel efficiency and managing emissions during the vehicle manufacturing process, are integral to this increase. For example, per the European Automobile Manufacturers Association, a Belgium-based car manufacturing association, in 2022, global motor vehicle production hit 85.4 million units, marking a significant rise of 5.7% compared to 2021. Hence, the upswing in vehicle manufacturing is stimulating the automotive oxygen sensor market's growth.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16608&type=smp
What Long-Term Trends Will Define the Future of the Automotive Oxygen Sensor Market?
Leading corporations in the automotive oxygen sensor market like Niterra Co., Ltd. are focusing on advancements in technology like wideband oxygen sensors, in order to maintain their competitive edge. Wideband oxygen sensors, sophisticated automotive tools, ascertain a wide oxygen level in exhaust gases. This critical data to the engine control unit (ECU) assists in managing the ideal air-fuel ratio and pinpointing mixtures between 10:1 and 20:1. As a result, fuel efficiency is optimized and emissions are reduced. To illustrate, Niterra Co., Ltd., a Japanese automobile components firm, announced in December 2023 that it had added 35 new next-gen oxygen sensors to its NTK Vehicle Electronics brand. This aims to enhance the company's product range focused on vehicle performance and emission control. The latest high-tech oxygen sensors feature an advanced zirconia sensing element that generates voltage output dependent on the oxygen concentration, ensuring precise monitoring of air-fuel ratio.
Which Segments in the Automotive Oxygen Sensor Market Offer the Most Profit Potential?
The automotive oxygen sensor market covered in this report is segmented -
1) By Product Type: Binary Exhaust Gas Oxygen Sensors, Universal Exhaust Gas Oxygen Sensors
2) By Design Type: Ginger, Planar
3) By Sales Channel: Original Equipment Manufacturer (OEM), Original Equipment Supplier (OES), Independent Automotive Supplier (IAS)
4) By Application: Gasoline Fueled Vehicle, Diesel-Fueled Vehicle
5) By End Use: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
Subsegments:
1) By Binary Exhaust Gas Oxygen Sensors: Zirconia-Based Binary Oxygen Sensors, Titania-Based Binary Oxygen Sensors, Narrowband Binary Oxygen Sensors, Wideband Binary Oxygen Sensors, Pre-Catalytic And Post-Catalytic Oxygen Sensors
2) By Universal Exhaust Gas Oxygen Sensors: Universal Fit O2 Sensors, Heated Universal Oxygen Sensors, Non-Heated Universal Oxygen Sensors, Direct Replacement Universal Oxygen Sensors, Universal Oxygen Sensors For Specific Vehicle Models
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16608&type=smp
Which Firms Dominate the Automotive Oxygen Sensor Market by Market Share and Revenue in 2025?
Major companies operating in the automotive oxygen sensor market are The Bosch Group, Hitachi Ltd., DENSO Corporation, Valeo S.A, STMicroelectronics NV, BorgWarner Inc., Hella GmbH And Co. KGaA, AMETEK Inc., Teledyne Technologies, Fujikura Ltd., Niterra Co. Ltd., Standard Motor Products Inc., Sensirion AG, United Automotive Electronic Systems (UAES), Cubic Sensor and Instrument Co.Ltd., Walker Products Inc., City Technology Ltd., Facet S.r.l., Continental Automotive Systems, Hyundai Kefico Corporation, SJG Sejong Co. Ltd., Horiba Ltd.
Which Regions Offer the Highest Growth Potential in the Automotive Oxygen Sensor Market?
North America was the largest region in the automotive oxygen sensor market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive oxygen sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16608
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Steady Expansion Forecast for Automotive Oxygen Sensor Market, Projected to Reach $12.27 Billion by 2029 here
News-ID: 4130813 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Sensor
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Biochemical Sensor Market Report 2018: Segmentation by Product (Electrochemical …
Global Biochemical Sensor market research report provides company profile for GE Healthcare (U.S.), Thermo Fisher Scientific. (U.S.), Honeywell International Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Polestar Technologies Inc. (U.S.), Microchip Technology Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
