Automotive Oxygen Sensor Market Size, Share, Growth Analysis and Forecast Report by 2027
The global Automotive Oxygen Sensor market is studied in detail in the new report on Qualiket Research. The new report studies the Automotive Oxygen Sensor market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.
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Automotive Oxygen sensors are utilized to measure the oxygen concentration in the exhaust gas of an internal combustion engine in an automobile. These sensors can check whether the air-to fuel ratio lean or rich, and dynamically adjusts the air-fuel ratio so that catalytic convertor can work properly. Automotive oxygen sensors market has very rapid growth in commercial market. It is begin adopted for measurement of oxygen across the globe.
Market Drivers
Increase in urbanization and rise in population is expected to fuel the global automotive oxygen sensor market growth. Furthermore, stringent rules and regulations imposed globally by regularity bodies on carbon emission of automobiles are anticipated to boost the global automotive oxygen sensor market growth. Also, rise in alternative fuel vehicles will support the market growth over the forecast period. Rise in electrification in automobile industry is expected to boost the market growth. Moreover, rise in use of automotive oxygen sensors with increase in automotive vehicles as well as increase in demand for these products due to improved standard of living which is expected to drive the market growth during this forecast timeline.
Market Restraints
Increase in manufacturing cost is the major restraint which is expected to hamper the global automotive oxygen sensors market. Also, fluctuations in chemical prices are likely to slow down the global automotive oxygen sensor market growth during this forecast period.
Market key Players
Various key players are discussed in this report such as Continental AG, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices, Inc., Sensata Technologies, Inc, Allegro Microsystems, LLC, Infineon Technologies AG, Delphi Automotive PLC, Denso Corporation, and Robert Bosch GmbH.
Market Taxonomy
By Type
- Unheated
- Heated
By Application
- Powertrain
- Exhaust
- Chassis
- Body Electronics
- Others
By Vehicle Type
- Passenger Car
- Heavy Commercial Vehicle
- Light Commercial Vehicle
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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