Exhaust Sensors Market Growth, Trends Forecasts 2016-2020

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Exhaust Sensors Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report – Global Exhaust Sensor Market 2016-2020
Technavio recognizes the following companies as the key players in the global exhaust sensor market:
Continental, Delphi Automotive, Denso, Hitachi Automotive Systems, Robert Bosch, and Sensata
Technologies.
Other Prominent Vendors in the market are: ABB, Analog Devices, Broadcom, Emerson Process
Management, Faurecia, NGK Spark Plug, Hyundai KEFICO, and Tenneco.
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Commenting on the report, an analyst from Technavio’ s team said: “One of the key trends for market
growth will be increase in mergers and acquisitions. Existing vendors in the global exhaust sensor
market intend to expand their market shares by increasingly being involved in mergers and acquisitions.
For instance, Delphi Automotive acquired Antaya Technologies and Unwired Holdings in 2014 to
increase its business operations in emerging markets. In October 2014, Sensata Technologies acquired
Schrader International, a global leader in tire pressure monitoring sensors (TPMS), to expand its sensor
product line. In January 2014, Denso merged its subsidiary Denso Wave with Denso Elecs, which
manufactures a broad range of automatic data capture equipment, programmable controllers, industrial
robots, sensors, and other apparatus and systems.”
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According to the report, increased penetration of diesel engine vehicles will be a key driver for market
growth. Diesel engines expel a large amount of particulate compared to gasoline engines. These gasses
have a severe impact on the environment and the health of individuals. This generates a need for
emission sensors like O2 and NOx sensors and technologies such as SCR, exhaust gas recirculation, and
diesel particulate filters to limit 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. This is
expected to have a direct positive impact on the demand for exhaust sensors.
Further, the report states that high price of exhaust sensors will be a challenge for the market. The
majority of exhaust sensors fall in the price range of $100-$250, which is quite expensive for automobile
manufacturers. Due to stringent rules for vehicle emission control in countries such as China, Europe,
Japan, and the US, manufacturers are compelled to use these sensors in their vehicles. This increases
the production cost of vehicles. These standards are expected to increase regulation-driven content
such as exhaust sensors in vehicles from 40% to 60%, reducing the price-cost gap for the manufacturers.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Exhaust Sensors
Automobile pollution is a critical issue for governments globally. NOx and CO are the two principle
gasses that cause air pollution, which has increased environmental and health concerns. This has led to
significant research and development of technologies to reduce emissions and the development of
exhaust sensors that can monitor and control vehicle emissions. Exhaust sensors are widely used in all
types of automobiles, from passenger cars to HCVs. Among the widely used automobile sensors (O2,
NOx, particulate matter, and differential pressure sensors), O2 sensors are mostly found in all
automobiles.
Technavio’ s analysts forecast the global exhaust sensor market to grow at a CAGR of 0.8% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global exhaust sensor market
for 2016-2020. To calculate the market size, the report considers the the revenue generated from the
sales of automotive exhaust sensors for heavy commercial vehicles (HCVs), light commercial vehicles
(LCVs), and passenger cars.
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According to the report, increased penetration of diesel engine vehicles will be a key driver for market growth. Diesel engines expel a large amount of particulate compared to gasoline engines.