Global Exhaust Sensors Market 2016-2020

Outlook of the exhaust sensors market

Extensive research carried out by the analysts at Technavio has shown that the global exhaust sensors market is expected to witness a slow growth at a CAGR of close to 1% over the forecast period. With the increasing penetration of diesel engine vehicles, the exhaust sensors market is likely to have a positive outlook in the coming years. Diesel engines expel a significant amount of particulate matter compared to gasoline engines. These gasses have a severe impact on the environment and health of individuals, leading to an augmented demand for emission sensors, exhaust gas recirculation, and diesel particulate filters to limit the emission levels. Fuel efficiency and the low cost of diesel are factors that are increasing the demand for diesel vehicles and sales of diesel vehicles across the globe, which will, in turn, translate into the increasing adoption of exhaust sensors during the predicted period.

The existing vendors in the global exhaust sensor market intend to expand their market shares through mergers and acquisitions. For example, Delphi Automotive acquired Antaya Technologies and Unwired Holdings in 2014 to increase its business operations in the emerging markets. Moreover, in October 2014, Sensata Technologies acquired Schrader International, a global leader in tire pressure monitoring sensors (TPMS), to expand its sensor product line. Such M&As will propel the growth prospects for this market over the next four years.

Competitive landscape and key vendors

The global exhaust sensors market is highly fragmented due to the presence of several established manufacturers and a significant number of small and medium-sized enterprises. As the global players expand their footprint, the regional vendors are finding it increasingly difficult to compete, especially on aspects such as quality, safety, and price. The competitive environment in this market should intensify with the increase in the utilization of exhaust sensors due to the increasing number of government and emission regulations. The vendors compete on the basis of innovation, price, quality and performance, and support services. It is imperative for the exhaust sensor players to enhance their capabilities in terms of meeting production demands and R&D and produce consistent quality to sustain long-term commercial relationships with major original equipment manufacturers (OEMs).

Key vendors in this market are -

• Continental
• Delphi Automotive
• Denso
• Hitachi Automotive Systems
• Robert Bosch
• Sensata Technologies

Other prominent vendors identified in this market space include ABB, Analog Devices, Broadcom, Emerson Process Management, Faurecia, NGK Spark Plug, Hyundai KEFICO, and Tenneco.

Segmentation by sensor type and analysis of the exhaust sensors market  

• Differential pressure sensors
• Particulate matter sensors
• NO_x sensors
• O₂ sensors

The exhaust sensors market is dominated by the O₂ sensors segment and is expected to reach more than USD 9 billion by 2020. O₂ sensors are an essential component in almost all automobiles. Previously, manufacturers used to fit one O₂ sensor in their vehicles to monitor A/F mixture, but now extra O₂ sensors are also integrated to observe the converter's operating efficiency. The integration of more than four O₂ sensors in luxury cars and HCVs is likely to help in further reduction of emission levels. These sensors can contribute to improving fuel economy, maintain peak engine performance, reduce exhaust emissions, and minimize the risk associated with catalytic converters in vehicles. These features are expected to drive this segment’s growth over the next four years.

Geographical segmentation and analysis of the exhaust sensors market

• APAC
• Europe
• North America
• ROW

In terms of geography, the APAC region led the global exhaust sensors market, accounting for close to 49% of the market shares. According to the market research analysts, steady economic growth in emerging countries like China and India is increasing market potential for passenger cars and is also attracting global automobile manufacturers to enter the market and invest in technology, which will increase the demand for exhaust sensors. Although the emission norms in the region are not as strict as in Europe and North America, governments in countries such as India and China are implementing stringent emission standards due to the increasing environmental concerns, which will fuel the growth of this market during the predicted period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global exhaust sensors market?
• What are the key market trends impacting the growth of the global exhaust sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global exhaust sensors market?
• What are the market opportunities and threats faced by the vendors in the global exhaust sensors market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global exhaust sensors market?

Technavio also offers customization on reports based on specific client requirement.

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Sensors form very crucial components in automobiles and perform an integral role in bringing efficiency, comfort, safety, and emission control in vehicles. The increasing incorporation of electronics in vehicles for better safety, efficient driving, and luxury has boosted the use of automotive sensors. Growing concerns over vehicular emissions and the subsequent introduction of stringent regulations have mandated the use of exhaust sensors. Among other geographies, Asia-Oceania will be the largest market for exhaust sensors. Bosch, Continental, and Delphi will be some of the prominent vendors in this market space.

The report, global exhaust sensors market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.