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Downsized engines produce high amount of heat and this demands the need for high-density heat-resistant materials in vehicles to prevent damage. It is essential to manufacture oxygen sensors in down sized engines with high-density heat-resistant materials to prevent damage from excessive heat. Technavio’s market research report has identified rising penetration of down-sized engines as one of the primary factors that will fuel the growth of the automotive oxygen sensor market in the coming years. In cases where the exhaust gases contain high levels of unburnt oxygen, the oxygen sensor gives a signal that would indicate increased voltage, and this will be interpreted by the vehicles ECU. Owing to the rising penetration of down-sized engines in the automotive industry will in turn upsurge the demand for automotive oxygen sensors. Technavio’s market research analysts predict that in terms of units, this global market will grow at a CAGR of more than 2% by 2021.
The adoption of intake type automotive oxygen sensor will be one of the key trends that will gain traction in the automotive oxygen sensor market in the coming years. The intake type oxygen sensor is equipped with improved capabilities in detecting the amount of oxygen gases intake and will help in decreasing the formation nitrous oxide and carbon dioxide. Additionally, these oxygen sensors also aid in reducing the engine’s pumping losses. By redirecting the exhaust gases, the adoption of these intake type oxygen sensors also helps in eliminating the need to suck in additional intake air for combustion. Owing to such advantages, the adoption of these sensors will increase in the coming years, fueling the growth prospects of this global market.
The automotive oxygen sensor market appears to be moderately fragmented due to the presence of international and regional vendors. The regional players face major challenges from the established vendors especially in terms factors such as quality, technology, and product features. With the introduction of stringent emission and fuel economy regulations and the growing market for automobiles, the use of fuel injection systems is increasing which in turn is intensifying the competitive environment of the O2 sensor market.
The leading vendors in the market are-
The other prominent vendors in the market are Hyundai KEFICO, NGK, Pucheng Sensors, and United Automotive Electronic Systems
During 2016, passenger cars segment accounted for the major shares of the automotive oxygen sensor market. Gasoline passenger cars are gaining traction as it is equipped with two or more oxygen sensors to detect the amount of unburnt oxygen in the exhaust gas. Moreover, oxygen sensors find its application measuring the effectiveness of the catalytic converter used in the vehicle. These factors together play a vital role in driving the O2 sensor market positively.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive oxygen sensor market throughout the forecast period. With the increasing penetration of fuel injection mode of fuel delivery system in passenger cars in APAC is driving the O2 sensor market positively. It is expected that countries such as China, India, and Indonesia will be the major market for oxygen sensors in automobiles.
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An electronic device which is used to measure the percentage of oxygen (O2) in the liquid or gas being analyzed is known as an oxygen sensor. This industry research report on the global automotive oxygen sensor market by Technavio is an integral part of the automotive portfolio and offers insights into the major trends and evolving drivers inducing the growth of the automotive electronics industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.
Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various automotive electronics products and services and offers an all-inclusive picture of the global automotive oxygen sensor market for the estimated period of 2017-2021.
This upcoming market research report on the global automotive oxygen sensor market also covers vendors like Mitsubishi, Hitachi, NGK, Honeywell, Continental, Delphi, Bosch, and DENSO. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this industry report on the global automotive oxygen sensor market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry report on the global automotive oxygen sensor market also offers insights into fast-growing segments within the automotive industry, including sectors like automotive manufacturing and wheels and tires. Furthermore, this report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: GEOGRAPHICAL SEGMENTATION
PART 08: KEY LEADING COUNTRIES
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: KEY VENDOR ANALYSIS
PART 14: APPENDIX
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