Automotive Oxygen Sensors Market Analysis By Product Type(Zirconia Sensor, Wideband Zirconia Sensor, Titania Sensor), By Application(Passenger Cars, Commercial Vehicles), By Sales Channel(Original Equipment Manufacturer (OEM), Aftermarket) & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 214
- CATEGORY
- Automotive & Transportation
The global automotive oxygen sensor market size was valued at US$ 5.3 Billion in 2021, and anticipated to grow at a CAGR of 6.5% over the forecast period.
The most sensitive and essential parts of an engine are the oxygen sensors, commonly known as Lambda sensors or O2 sensors by some manufacturers. Earlier fuel injection systems maintained closed-loop air/fuel mixture control by using a single oxygen sensor in the exhaust system. However, modern engines could employ up to four sensors, which track both the effectiveness of the catalytic converter and the oxygen level of the exhaust flow.
The sensors must adhere to OE specifications within exceedingly small tolerances in order to carry out these functions correctly. A damaged or inaccurately calibrated oxygen sensor can impair driving performance and turn on the malfunction signal, necessitating expensive and time-consuming repairs.
Surging concern for efficiency of vehicles coupled with increasing number of stringent government regulations on the emission of harmful gases is anticipated to bolster the global demand of automotive oxygen sensor market over the forecast period. Increasing adoption of electric vehicles, alternate fuelled vehicles are anticipated to impede the global sales of automotive oxygen sensor market over the projected period.
Sensor manufacturers will be forced to upgrade their products to match the vehicles due to technological advancements in the automotive industry and the expansion of the automotive sector, which is anticipated to create lucrative opportunities for the global automotive oxygen sensor market in the future.
Product Type Insights
By product type, the global automotive oxygen sensor market is classified into Zirconia Sensor, Wideband Zirconia Sensor, and Titania Sensor. Zirconium dioxide, also known as zirconia, is a solid-state electrochemical fuel cell. It comprises of two electrodes that produce the output voltage and deliver the exhaust an equivalent amount of oxygen to the atmosphere. Additionally, it responds to the ECU, which in turn determines the air-to-fuel ratio.
Wideband zirconia sensors are related to zirconia sensors, however they differ in the band (or potential band) of the zirconia sensor. It is made up of a feedback loop that regulates the gas pump current and directly influences the amount of oxygen in the exhaust.
Ceramic titania (titanium oxide) is used to make the titania sensor. Although it doesn't produce its own voltage, it uses electric resistance to provide the amount of oxygen in the exhaust.
Application Insights
In terms of application, the global automotive oxygen sensor market is segmented into Passenger Cars and Commercial Vehicles. The passenger cars segment is expected accounted for the largest market share during the forecasted period. There has been an increase in luxury and sports car sales worldwide due to which the passenger car segment is expected to propel during the forecast period.
Sales Channel Insights
On the basis of sales channel, the automotive oxygen sensor can be characterized into original equipment manufacturer (OEM) and aftermarket. The production of the oxygen sensor involves numerous major companies on the global level. To replace the oxygen sensor and lower the cost of replacement, the majority of buyers favour local manufacturers. Therefore, aftermarket segment is expected to dominate the market during the forecast period.
Regional Insights
In terms of region, Asia pacific is anticipated to hold major market during the forecast period, due to high acceptance rate of automotive oxygen sensors and the increasing automotive sector leading to an increased production of vehicles with automotive oxygen sensors, especially in India and China. Strong auto industry production and sales, new laws requiring the use of technology to increase safety and reduce pollution, and rising demand for high-end, feature-packed vehicles in developing nations like China and India are the driving the growth of the market in the region.
Due to increased public transportation compared to personal transportation in the coming years, Latin America is an expanding market for automobile oxygen sensors. Over the stipulated time period, the Middle East and Africa is expected to develop at a faster rate in the global automotive oxygen sensors market over the projected period.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: Fujikura Ltd, Robert Bosch, NGK SPARK PLUGS PVT. LTD, Pricol Ltd, Continental AG, HELLA GmbH & Co. KGaA, DENSO EUROPE, Spectra Premium, and Others. Prominent players operating in the market experiences intense competition owing to the presence of large number of players on the global scale. Further, the inorganic strategies adopted by these players such as merger and acquisition, new product launch, geographic expansion, research & development for expanding their product portfolio, and others.
In 2021, DENSO expanded its line of first time fit oxygen sensors. The company increased its product line to 1,362 part numbers and continuing to lead the industry with its high-quality oxygen sensors covering 99% of vehicles made in the U.S., Europe and Asia.
In 2021, Napino Auto & Electronics Ltd, a leading automotive component designing & manufacturing company, announced partnership with Kerdea Technologies Inc. Under the licencing agreement between Kerdea and Napino, the technology will be transferred to Napino. The requirements of the Indian automobile industry will be met by oxygen sensors owing to the adoption of BS-6 and the upcoming OBD2 standards.
In 2020, NGK Spark Plugs India Private Limited invested nearly Rs 100 crores in setting up an additional oxygen sensor division in its Bawal Plant to strengthen production capability of automotive components. In the new division, the company will produce high quality oxygen sensors for 2-wheeler vehicles.
Segments
By Product Type
· Zirconia Sensor
· Wideband Zirconia Sensor
· Titania Sensor
By Application
· Passenger Cars
· Commercial Vehicles
By Sales Channel
· Original Equipment Manufacturer (OEM)
· Aftermarket
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Automotive Oxygen Sensors Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Automotive Oxygen Sensors
1.3 Automotive Oxygen Sensors Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Automotive Oxygen Sensors
1.4.2 Applications of Automotive Oxygen Sensors
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 NGK Market Performance Analysis
3.1.1 NGK Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 NGK Sales, Value, Price, Gross Margin 2016-2021
3.2 Delphi Market Performance Analysis
3.2.1 Delphi Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Delphi Sales, Value, Price, Gross Margin 2016-2021
3.3 Hyundai KEFICO Market Performance Analysis
3.3.1 Hyundai KEFICO Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Hyundai KEFICO Sales, Value, Price, Gross Margin 2016-2021
3.4 Denso Market Performance Analysis
3.4.1 Denso Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Denso Sales, Value, Price, Gross Margin 2016-2021
3.5 Robert Bosch Market Performance Analysis
3.5.1 Robert Bosch Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Robert Bosch Sales, Value, Price, Gross Margin 2016-2021
3.6 United Automotive Electronic Systems Market Performance Analysis
3.6.1 United Automotive Electronic Systems Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 United Automotive Electronic Systems Sales, Value, Price, Gross Margin 2016-2021
3.7 Pucheng Sensors Market Performance Analysis
3.7.1 Pucheng Sensors Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Pucheng Sensors Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Automotive Oxygen Sensors Production and Value by Type
4.1.1 Global Automotive Oxygen Sensors Production by Type 2016-2021
4.1.2 Global Automotive Oxygen Sensors Market Value by Type 2016-2021
4.2 Global Automotive Oxygen Sensors Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Narrow Band Zirconia Sensor Market Production, Value and Growth Rate
4.2.2 Wideband Zirconia Sensor Market Production, Value and Growth Rate
4.2.3 Titania Sensor Market Production, Value and Growth Rate
4.2.4 Others Market Production, Value and Growth Rate
4.3 Global Automotive Oxygen Sensors Production and Value Forecast by Type
4.3.1 Global Automotive Oxygen Sensors Production Forecast by Type 2021-2026
4.3.2 Global Automotive Oxygen Sensors Market Value Forecast by Type 2021-2026
4.4 Global Automotive Oxygen Sensors Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Narrow Band Zirconia Sensor Market Production, Value and Growth Rate Forecast
4.4.2 Wideband Zirconia Sensor Market Production, Value and Growth Rate Forecast
4.4.3 Titania Sensor Market Production, Value and Growth Rate Forecast
4.4.4 Others Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Automotive Oxygen Sensors Consumption and Value by Application
5.1.1 Global Automotive Oxygen Sensors Consumption by Application 2016-2021
5.1.2 Global Automotive Oxygen Sensors Market Value by Application 2016-2021
5.2 Global Automotive Oxygen Sensors Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Passenger Cars Market Consumption, Value and Growth Rate
5.2.2 Commercial Vehicles Market Consumption, Value and Growth Rate
5.2.3 Two-wheelers Market Consumption, Value and Growth Rate
5.3 Global Automotive Oxygen Sensors Consumption and Value Forecast by Application
5.3.1 Global Automotive Oxygen Sensors Consumption Forecast by Application 2021-2026
5.3.2 Global Automotive Oxygen Sensors Market Value Forecast by Application 2021-2026
5.4 Global Automotive Oxygen Sensors Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Passenger Cars Market Consumption, Value and Growth Rate Forecast
5.4.2 Commercial Vehicles Market Consumption, Value and Growth Rate Forecast
5.4.3 Two-wheelers Market Consumption, Value and Growth Rate Forecast
6 Global Automotive Oxygen Sensors by Region, Historical Data and Market Forecasts
6.1 Global Automotive Oxygen Sensors Sales by Region 2016-2021
6.2 Global Automotive Oxygen Sensors Market Value by Region 2016-2021
6.3 Global Automotive Oxygen Sensors Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Automotive Oxygen Sensors Sales Forecast by Region 2021-2026
6.5 Global Automotive Oxygen Sensors Market Value Forecast by Region 2021-2026
6.6 Global Automotive Oxygen Sensors Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Automotive Oxygen Sensors Value and Market Growth 2016-2021
7.2 United State Automotive Oxygen Sensors Sales and Market Growth 2016-2021
7.3 United State Automotive Oxygen Sensors Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Automotive Oxygen Sensors Value and Market Growth 2016-2021
8.2 Canada Automotive Oxygen Sensors Sales and Market Growth 2016-2021
8.3 Canada Automotive Oxygen Sensors Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Automotive Oxygen Sensors Value and Market Growth 2016-2021
9.2 Germany Automotive Oxygen Sensors Sales and Market Growth 2016-2021
9.3 Germany Automotive Oxygen Sensors Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Automotive Oxygen Sensors Value and Market Growth 2016-2021
10.2 UK Automotive Oxygen Sensors Sales and Market Growth 2016-2021
10.3 UK Automotive Oxygen Sensors Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Automotive Oxygen Sensors Value and Market Growth 2016-2021
11.2 France Automotive Oxygen Sensors Sales and Market Growth 2016-2021
11.3 France Automotive Oxygen Sensors Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Automotive Oxygen Sensors Value and Market Growth 2016-2021
12.2 Italy Automotive Oxygen Sensors Sales and Market Growth 2016-2021
12.3 Italy Automotive Oxygen Sensors Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Automotive Oxygen Sensors Value and Market Growth 2016-2021
13.2 Spain Automotive Oxygen Sensors Sales and Market Growth 2016-2021
13.3 Spain Automotive Oxygen Sensors Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Automotive Oxygen Sensors Value and Market Growth 2016-2021
14.2 Russia Automotive Oxygen Sensors Sales and Market Growth 2016-2021
14.3 Russia Automotive Oxygen Sensors Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Automotive Oxygen Sensors Value and Market Growth 2016-2021
15.2 China Automotive Oxygen Sensors Sales and Market Growth 2016-2021
15.3 China Automotive Oxygen Sensors Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Automotive Oxygen Sensors Value and Market Growth 2016-2021
16.2 Japan Automotive Oxygen Sensors Sales and Market Growth 2016-2021
16.3 Japan Automotive Oxygen Sensors Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Automotive Oxygen Sensors Value and Market Growth 2016-2021
17.2 South Korea Automotive Oxygen Sensors Sales and Market Growth 2016-2021
17.3 South Korea Automotive Oxygen Sensors Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Automotive Oxygen Sensors Value and Market Growth 2016-2021
18.2 Australia Automotive Oxygen Sensors Sales and Market Growth 2016-2021
18.3 Australia Automotive Oxygen Sensors Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Automotive Oxygen Sensors Value and Market Growth 2016-2021
19.2 Thailand Automotive Oxygen Sensors Sales and Market Growth 2016-2021
19.3 Thailand Automotive Oxygen Sensors Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Automotive Oxygen Sensors Value and Market Growth 2016-2021
20.2 Brazil Automotive Oxygen Sensors Sales and Market Growth 2016-2021
20.3 Brazil Automotive Oxygen Sensors Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Automotive Oxygen Sensors Value and Market Growth 2016-2021
21.2 Argentina Automotive Oxygen Sensors Sales and Market Growth 2016-2021
21.3 Argentina Automotive Oxygen Sensors Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Automotive Oxygen Sensors Value and Market Growth 2016-2021
22.2 Chile Automotive Oxygen Sensors Sales and Market Growth 2016-2021
22.3 Chile Automotive Oxygen Sensors Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Automotive Oxygen Sensors Value and Market Growth 2016-2021
23.2 South Africa Automotive Oxygen Sensors Sales and Market Growth 2016-2021
23.3 South Africa Automotive Oxygen Sensors Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Automotive Oxygen Sensors Value and Market Growth 2016-2021
24.2 Egypt Automotive Oxygen Sensors Sales and Market Growth 2016-2021
24.3 Egypt Automotive Oxygen Sensors Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Automotive Oxygen Sensors Value and Market Growth 2016-2021
25.2 UAE Automotive Oxygen Sensors Sales and Market Growth 2016-2021
25.3 UAE Automotive Oxygen Sensors Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Automotive Oxygen Sensors Value and Market Growth 2016-2021
26.2 Saudi Arabia Automotive Oxygen Sensors Sales and Market Growth 2016-2021
26.3 Saudi Arabia Automotive Oxygen Sensors Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
}})
Select a license type that suits your business needs
US $3950
Only Three Thousand Nine Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4950
Only Four Thousand Nine Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5950
Only Five Thousand Nine Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI