Global Automotive Oxygen Sensors and Dynamic Sensors Market 2023-2029
An oxygen sensor is part of the emissions control system and feeds data to the engine management computer. The goal of the sensor is to help the engine run as efficiently as possible and also to produce as few emissions as possible. The oxygen sensor is positioned in the exhaust pipe and can detect rich and lean mixtures. The engine's computer looks at the voltage to determine if the mixture is rich or lean, and adjusts the amount of fuel entering the engine accordingly. According to the latest estimates, the global automotive oxygen sensors and dynamic sensors market is set to achieve an incremental growth of USD 10.1 billion, accelerating at a CAGR of almost 4.6% during the forecast period 2023-2029.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global automotive oxygen sensors and dynamic sensors market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, vehicle type, distribution channel, and region. The global market for automotive oxygen sensors and dynamic sensors can be segmented by product: dynamic sensors, oxygen sensors. The dynamic sensors segment captured the largest share of the market in 2022. Automotive oxygen sensors and dynamic sensors market is further segmented by vehicle type: commercial vehicles, passenger cars. The passenger cars segment held the largest share of the global automotive oxygen sensors and dynamic sensors market in 2022 and is anticipated to hold its share during the forecast period. Based on distribution channel, the automotive oxygen sensors and dynamic sensors market is segmented into: aftermarket, OEM. In 2022, the OEM segment made up the largest share of revenue generated by the automotive oxygen sensors and dynamic sensors market. On the basis of region, the automotive oxygen sensors and dynamic sensors market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Among these, Asia-Pacific was accounted for the highest revenue generator in 2022.
The oxygen sensors market is further segmented into titania sensors, wideband zirconia sensors, zirconia oxygen sensors. According to the research, the zirconia oxygen sensors segment had the largest share in the global automotive oxygen sensors and dynamic sensors market. Furthermore, the dynamic sensors market has been categorized into camshaft/crankshaft position sensors, engine oil level and oil pressure sensors, exhaust temperature sensors, intake air temperature sensors, mass airflow sensors, pressure sensors, others. The latest research indicates that the camshaft/crankshaft position sensors segment occupied the largest share of this market in 2022 and is expected to draw the highest demand in coming years.
Market Segmentation
By product: dynamic sensors, oxygen sensors
By vehicle type: commercial vehicles, passenger cars
By distribution channel: aftermarket, OEM
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The report also provides a detailed analysis of several leading automotive oxygen sensors and dynamic sensors market vendors that include BorgWarner Inc., Ceradex Corporation, Continental AG, DENSO Corporation, FAE - Francisco Albero S.A.U., Fujikura Ltd., HELLA GmbH & Co KGaA, Hitachi, Ltd., NGK Spark Plug Co., Ltd., Robert Bosch GmbH, TE Connectivity Ltd., Zhejiang Shuangliang Automobile Parts Co., Ltd (DKK), among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Scope of the Report
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