Automotive Oxygen Sensor Market Survey On Emerging Opportunities

An automotive oxygen sensor is used to measure the concentration of oxygen in the exhaust gas of an internal combustion engine in an automobile. The amount of oxygen in the exhaust gas is a good indicator of the combustion efficiency of an engine and is also the best place to monitor the air-to-fuel ratio. An oxygen sensor check whether the air-to-fuel ratio is lean or rich, and it dynamically adjusts the air-fuel ratio so that the catalytic converter can work optimally. It also determines whether the catalytic converter is functioning properly or not. Oxygen sensors are used to measure respiration or production of oxygen. Oxygen sensors are utilized in oxygen analyzers, which are extensively employed in medical applications such as anesthesia monitors, respirators, and oxygen concentrators. Furthermore, oxygen sensors make modern electronic fuel injection and emission control possible.

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The life of vehicle is depends on its powertrain system. An oxygen sensor checks the air-to-fuel ratio and exhaust, which helps increase the life of the vehicle by maintaining the health of the powertrain system. Consumer demand for vehicles with advanced features and technology has witnessed an increase in demand due to improved standard of living. Moreover, increasing urbanization and rising population has fueled the need for environmentally suitable conveyance facilities, as the climatic conditions in cities are not good and pollution due to vehicle is rising consistently. Stringent norms imposed globally by regulatory bodies on carbon emissions of automobiles are anticipated to propel the demand for automotive oxygen sensors. An automotive oxygen sensor is located in the powertrain system and exhaust, which has varying operating temperature range. Therefore, in case of damage, replacement is a big issue.

The automotive oxygen sensor market can be segmented based on vehicle type, oxygen sensor type, technology, sales channel, and geography.

Based on vehicle type, the automotive oxygen sensor market can be classified into passenger vehicles (PVs) and commercial vehicles (CVs). The passenger vehicles segment can be further sub-segmented into hatchbacks, sedans, multi- purpose vehicles (MPVs), and sport utility vehicles (SUVs). The commercial vehicles segment can be further split into lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).

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