Source prnewswire
Automotive Exhaust Gas Sensors Market to grow by USD 10.4 billion from 2022 to 2027; market is fragmented due to the presence of prominent companies like ABB Ltd., Analog Devices Inc. and Broadcom Inc., many more
It is the month of January in New York. It is estimated that the automotive exhaust gas sensors market will grow by USD 10 billion by the year 2024.A CAGR of 6.3% is projected to be achieved between 2022 and 2027, resulting in growth of $4 billion.Seventy-two percent. The automotive exhaust gas sensors market is fragmented owing to the presence of a number of global and regional players in the market. There are a few well-known companies in the automotive exhaust gas sensors market, including ABB Ltd..It is a subsidiary of Analog Devices Inc..Broadcom Inc. is one of them.In addition to Continental AG, Delphi Technologies Plc, and DENSO Corp..It is a subsidiary of Emerson Electric Company.There are a number of companies such as Faurecia, HELLA GmbH and Co.. KGaA and Hitachi Ltd..It is a subsidiary of Honeywell International Inc.., Hyundai Motor Co., Ltd..It is composed of Infineon Technologies AG, MS Motorservice International GmbH, and NGK SPARK PLUG Co.. The Company Limited.In addition to Robert Bosch GmbH, Sensata Technologies Inc., and Stoneridge Inc..It is a subsidiary of Tenneco Inc..As well as Tohoku Shibaura Electronics Co., Ltd.. Limited (Ltd. ) Limited (Ltd. ) This report includes an overview of the key companies, their strategies, and the latest developments in the industry. Download a free sample before buying the report. There is a full list of key companies, their strategies, and the latest developments in the industry in this report. Download a free sample before you decide to purchase the report.The company offers the following services:Among the different segments that the company operates under are performance solutions, clean air, among others, and a particular focus on performance solutions. In this segment, the company designs, manufactures, markets, and distributes a variety of products and systems that are intended to optimize the ride experience for OE customers around the world. A few of the company's key products are automotive exhaust gas sensors. You can purchase the report if you want to know more about the companies and their offerings.There are five geographical segments of the market, namely APAC, Europe, North America, South America, and Middle East and Africa. APAC will have the largest share of the global market in terms of revenue.This market will grow by 72% during the forecast period in APAC, primarily due to the presence of China, Japan, India, and South Korea, which are the major players in the market in this region. As a result of their high population density and increasing consumer disposable income, China and India are expected to be the major drivers of exhaust gas sensor growth. Segmentation of the marketOver the forecast period, oxygen sensors are expected to grow significantly in market share. Oxygen sensors play a crucial role in the monitoring and mitigation of exhaust gas emissions. As a result of this, automobile manufacturers incorporate oxygen sensors into their vehicles to control emissions by regulating the mixture of air and fuel. As well as managing the vehicle's performance and ensuring the implementation of an efficient emission control system, these sensors also work in conjunction with the Engine Control Module (ECM).A significant growth is being witnessed in the Automotive Exhaust Gas Sensors market as a result of increasing regulatory compliance as well as environmental concerns. There are several types of sensors that play pivotal roles in ensuring compliance with stringent emission regulations such as Euro 6 and EPA regulations, such as oxygen sensors (O2), nitrogen oxide sensors (NOx), and carbon monoxide sensors (CO).. In the sensor technology field, innovations such as Wideband Sensors and Particulate Matter Sensors (PM) contribute to the enhancement of sensor performance in a variety of applications. Further, advancements in the field of automotive electronics, IoT integration, and real-time monitoring systems further enhance the efficiency and compliance of these systems. With the increasing demand for automotive exhaust gas sensors in the auto aftermarket, driven by sensor calibration needs, and the integration of telematics into the automotive ecosystem, key trends shaping the future of the automotive exhaust gas sensor market within the dynamic automobile market are emerging. With the increasing demand for automotive exhaust gas sensors in the auto aftermarket, driven by sensor calibration needs, and the integration of telematics into the automotive ecosystem, key trends shaping the future of the automotive exhaust gas sensor market within the dynamic automobile market are emerging.It is estimated that between 2023 and 2028, the automotive alternator slip ring market size will grow by USD 111.02 million, at a compound annual growth rate of 5.19%.From 2023 to 2028, it is expected that the global market for commercial vehicle retarders will grow by USD 356.82 million at a CAGR of 4.4%. Table of Contents:The Executive Summary of the reportAn overview of the market landscape is presented in Figure 2.The size of the market in 3 dimensionsHistorically, the size of the market has been as follows:Analyses of the Five ForcesSegmentation of the market based on the type of productSegmentation of the market by end-users is shown in Figure 7The Customer Landscape in 8The Geographic Landscape of the WorldThere are 10 drivers, challenges, and trends that are driving the marketThe landscape of the company in Figure 11An analysis of 12 companiesThere are 13 appendices in this documentHere is a little bit about usThe Technavio Group is one of the world's leading technology research and advisory companies. It focuses on emerging market trends and provides actionable insights to assist businesses with identifying market opportunities and developing effective strategies to optimize their market positions by researching and analysing emerging market trends. The Technavio report library consists of more than 17,000 reports and counting, covering 800 technologies in over 50 countries, based on the research and analysis of over 500 specialized analysts. Over 100 Fortune 500 companies are among the company's client base, which consists of enterprises of all sizes.. The company's growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive positions within the context of changing market dynamics. The company's growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive positions within the context of changing market dynamics.Please feel free to contact us at the following address:Jesse MaidaMedia & Marketing Executive at Technavio ResearchUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.comThe source of this information is TechnavioOver the next five years, it is estimated that the logistics market in APAC will grow by USD 145.4 million from 2022 to 2027. However, the growth momentum is expected to progress at a CAGR of 4%.In addition, the global market for solar PV trackers is expected to grow by USD 9.7 billion between 2022 and 2027, according to Technavio, and the momentum of the market is expected to continue...
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