The global exhaust sensors market was valued at USD 39.52 billion in 2023 and is anticipated to reach a valuation of USD 39.95 billion in 2024 from USD 43.61 billion by 2032, growing at a CAGR of 1.10% during 2024 to 2032
Automotive Exhaust Sensors detect a physical feature and respond to it. Some of the primary automotive sensors are temperature, fluid level, and exhaust gas and pressure sensors. Sensors are used for safety, emission control, and comfort. Exhaust sensors are widely used in automobiles to measure the exhaust proportion in emission analysis.
The increasing use of diesel engine vehicles is the primary driver for the exhaust sensors market's growth as diesel engines release more particulate matter than gasoline engines. It harms people's health and the environment, leading to increasing demand for exhaust sensors, diesel particulate filters, and exhaust gas recirculation. The low cost and efficiency of diesel are increasing the sales of diesel automobiles worldwide. Government regulations on emissions are another factor driving the global market. Increasing automobile sales may further lead to driving the global exhaust sensors market's growth. The rise in electronic content in automobiles is also driving the expansion of the exhaust sensors market.
Increasing demand for IC miniaturization and commercial vehicles are other factors driving the worldwide exhaust sensors market's growth.
Growing demand for battery-based electric vehicles and the increasing complexity of integrating various electronic products in automobiles are significant factors that hinder the exhaust sensors market's growth. The high cost and need for long life expectancy associated with advanced exhaust sensors may further restrain the market growth during the anticipated timeframe.
The coronavirus pandemic had an immediate and critical impact on the globally integrated automotive industry. Symptoms include a disruption in Chinese parts exports, large-scale manufacturing interruptions across Europe, and assembly plants' closure in the United States. It is placing intense pressure on an industry already coping with a downshift in global demand, negatively impacting the global exhaust sensors market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
1.10% |
Segments Covered |
By Vehicle Type, Engine Type, Sales Channel, and Region. |
Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (U.S.), Sensata Technologies Holding N.V. (Netherlands), Delphi Automotive (U.K.), and Hitachi Automotive Systems (Japan), and Others. |
Among these, passenger cars registered the lion's share in the global automotive exhaust sensors market. Passenger cars' dominance in the market can be primarily associated with the advent of stringent emission norms, which demand the installation of automotive exhaust sensors in passenger cars to check air pollutants, thereby significantly driving sales of emission-efficient passenger cars. Besides, sales of automotive exhaust sensors in passenger cars and heavy commercial vehicles are estimated to witness an equal and the highest CAGR, in terms of value, through 2026, closely followed by light commercial vehicles.
Automotive exhaust sensors will observe the highest demand for use in gasoline engines. However, the growing penetration of diesel engines in developed nations has resulted in the rapid adoption of automotive exhaust sensors in these engines. Automotive exhaust sensors are projected to witness the fastest augmentation for diesel engines through 2026 in terms of value.
Although OEM remains the leading sales channel for automotive exhaust sensors in terms of revenues, sales in the aftermarket are poised to witness a relatively faster expansion through 2026.
Asia-Pacific, comprising countries such as China, India, Japan, and South Korea, is the fastest-growing market, by value, for emission sensors. Recent infrastructure developments and industrialization activities have opened new avenues, opportunities, and markets for OEMs and propelled commercial vehicles' growth and, consequently, emission sensors in these regions. Passenger car demand is increasing, triggered by a rise in per capita income and demand for luxury. Asia-Pacific has lenient emission regulations compared to other areas; however, with countries such as China experiencing high pollution levels, the standards are anticipated to become increasingly stringent in the coming years. It would fuel the growth of the exhaust sensor market.
Europe is a mature market for the automobile sector. Besides, the European automotive sector witnessed a negative CAGR due to the Euro Crisis of 2008. Nonetheless, the industry began recovering at a rapid pace after 2013. Prompted by environmental concerns about the rising emission levels across the region, the European Union has introduced stringent regulations to keep emission levels under limits. These regulations have compelled automobile manufacturers to develop technologically advanced automotive exhaust sensors.
The North American region comprising the U.S., Canada, and Mexico is one of the critical markets for emission sensors, a technologically advanced and matured automotive market. However, several OEMs set up manufacturing facilities in Mexico, owing to economic labour and low production costs. It has enhanced the vehicle production volume of the country, thereby improving the demand for exhaust sensors.
Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (U.S.), Sensata Technologies Holding N.V. (Netherlands), Delphi Automotive (U.K.), Hitachi Automotive Systems (Japan). These are the market that are dominating the global exhaust sensor market.
By Vehicle Type
By Engine Type
By Sales Channel
By Region
Frequently Asked Questions
The Global Exhaust Sensors Market is expected to grow with a CAGR of 1.10% between 2023-2028.
The Global Exhaust Sensors Market size is expected to reach a revised size of US$ 41.12 billion by 2028.
Robert Bosch GmbH (Germany), Continental AG (Germany), and Denso Corporation (U.S.) are the three Exhaust Sensors Market key players.
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