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Automotive Cabin Air Quality Sensors Market Highlights Growth Overview and Estimates Market Size by 2028

Dec 14th 2018 at 4:29 AM

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Automotive Cabin Air Quality Sensors Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

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Automotive cabin air quality sensors, as considered under the scope of the automotive cabin air quality sensor report, are used to control air quality in an automotive interior. They are available for various vehicle types, such as passenger or commercial vehicles.

The global automotive cabin air quality sensor market is estimated to be valued at US$ 245,096.0 Thsnd by 2018 end and is expected to reach US$ 892,950.7 Thsnd by the end of 2028 while expanding at a CAGR of 13.8% over the forecast period. The global automotive cabin air quality sensors market is anticipated to represent incremental opportunity worth US$ 647,854.7 Thsnd between 2018 and 2028. In terms of volume, the global automotive cabin air quality sensors market is estimated to reach 25,301 thousand units by 2018 end and the automotive cabin air quality sensors market is anticipated to increase to 85,276 thousand Units by 2028 while exhibiting a CAGR of 12.9% over the forecast period.

Control on Emission and Stringent Regulations Assisting the Demand for Automotive Cabin Air Quality Sensors

Increasing urbanization and stable economic conditions in emerging regions have increased the adoption of automobiles, thereby increasing the emission of volatile organic compounds, such as carbon monoxide, hydrogen, etc., which has caused drastic climate change, in turn, forcing regulatory bodies to impose stringent regulations on the emission of these harmful gases and particulate matters. This is also lead to increasing adoption of automotive cabin air quality sensors. One of the important regulations is the Paris Agreement by the government of United States, Energy Protection Agency (EPA). This regulation is expected to contribute towards the growth of the automotive cabin air quality sensor market significantly over the forecast period. China has also implemented certain guidelines on the manufacturing of materials used in the interiors of automotive that cause emission of harmful particulate matters. These new regulations will also contribute to the growth of the automotive cabin air quality sensor market over the projected period. Additionally, with respect to emission per capita, the U.S. is ranked number one among large economies. It has made automotive cabin air quality sensor in automobiles a prerequisite.  Thus, all these regional regulations will contribute to the growth of the automotive cabin air quality sensors market during the forecast period. Moreover, every person spends 5.5% of their time in traveling and increasing adoption of automotive cabin air quality sensors in automobiles reduces the intake of VOCs by human body. This fact is one of the strongest factors that will be responsible for the growth of the automotive cabin air quality sensor over years to come, especially in Japan, where the population is rapidly ageing and health is people’s priority.

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On the basis of vehicle type, the global automotive cabin air quality sensors market is segmented into passenger cars and commercial vehicle automotive cabin air quality sensors. Among these two, the commercial type automotive cabin air quality sensors market accounted for 50.0% share in 2017, in terms of value. The commercial vehicle segment of the automotive cabin air quality sensors market is expected to account for a sizable share in the overall automotive cabin air quality sensors market by the end of the forecast period owing to increasing demand for HVAC systems in developed & developing countries, which is leading to expansion of the market of automotive cabin air quality sensors.

North America Dominates the Market and Western Europe Is next to Follow in Terms of Consumption of Automotive Cabin Air Quality Sensors

The North America automotive cabin air quality sensors market accounted for a value share of 27.2% in 2017 and is projected to maintain its dominance in the global automotive cabin air quality sensors market during the forecast period and the Western Europe automotive cabin air quality sensors market is projected to represent significant incremental opportunity between 2018 and 2028. The North America Automotive cabin air quality sensors market, on the other hand, is estimated to expand at significant CAGR in terms of value and volume over the forecast period. Sales of automotive cabin air quality sensors in Japan is projected to represent total incremental opportunity of US$ 68,958.8 Thsnd between 2018 and 2028 while the MEA automotive cabin air quality sensors market is projected to expand at moderate CAGR, in terms of value, over the forecast period.

Market Participants in the Global Automotive Cabin Air Quality Sensors Market

Some of the market participants reported in this study of global automotive cabin air quality sensors market include Amphenol Corporation, Sensirion AG Switzerland, Paragon AG, Valeo, Sensata Technologies, Inc., Honeywell International Inc., ams AG, OMRON Corporation, Figaro Engineering Inc., Prodrive Technologies, UST Umweltsensortechnik GmbH, Chemisense Inc. and others

Prominent manufacturers of automotive cabin air quality sensors have been found to be involved in the development of new and innovative automotive cabin air quality sensors and acquisition activities to enhance their market presence across the automotive cabin air quality sensors market. Also, a well-structured and efficient supply chain along with an improved retailing network for automotive cabin air quality sensors are the major growth strategies being opted by automotive cabin air quality sensor manufacturers for reaching out to customers.

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