Automotive Oxygen Sensor is an oxygen concentration instrument installed in cars, which is usually located in exhaust pipe or exhaust manifold. A car’s engine needs oxygen sensor to measure the amount of oxygen entering the car cylinders. This instrument is used for managing the released emission of petrol, diesel and gas engine. The sensors depend on all sorts of things such as altitude, temperature of the air, temperature of engine, barometric, load on engine etc. The Global Automotive Oxygen Sensor Market was valued at US$ 2666.7 Mn in 2017 and is expected to reach US$ 3348.1 Mn by 2022.
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Automotive Oxygen Sensor Market, By Type
Heated segment holds the largest market share in terms of revenue and it is also anticipated to be fastest growing segment in the future. The heater element is an internal resistor with three or four wires, which helps to operate temperature via an electrical current that is passed through it and produces voltage signal faster as compared to the unheated sensor. Heated sensors read the amount of unburned oxygen in exhaust, the computer than uses this reading to balance the fuel mixture. The process increased the durability of a car’s engine by reducing the flow of fuel in the engine, thereby increasing the demand of heated oxygen sensor.
Automotive Oxygen Sensor Market, By Region
On the basis of geography, Asia Pacific accounted for major share in 2017 for automotive oxygen sensor market globally. China, India, and Japan are facing remarkable development in the economy, which is leading in rising of net disposable income of a person, owing to enhanced lifestyle. These factors have made a remarkable growth in sale of passenger automobiles in this region, which further increasing the demand of automotive oxygen sensor.
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This automotive oxygen sensor market report provides both, qualitative and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The companies are adopting various strategies such as mergers and acquisition, collaborations, affiliations, and contract. For each company, the report recognizes their corporate headquarter, competitors, product/service type, application and specification, pricing and gross margin.
Some of the primary market participants are Continental AG, CTS Corporation, Delphi Automotive LLP, Denso Corporation, Fujikura LTD, Robert Bosch GmbH, Spectra Premium Industries Inc, NGK Spark Plug CO., Ltd, Walker Products, Inc., Facet Srl, ERA SPA, Meat & Doria S.r.l., Analytical Industries Inc, Shaanxi Fortune Industries Co. Ltd, Oxigraf, Inc., amongst others.
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