The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.2%
The rapid urbanisation and the improved living standards have led to the expansive adoption of vehicles, which is leading to increased emission rates of harmful gases such as carbon monoxide, and hydrogen, among others. As a result, the increased passenger demand for improved air quality solutions is expected to fuel the market for automotive cabin air quality sensors. In addition, the surging demand of vehicles such as passenger cars, utility cars, and luxurious cars among the population owing to their increasing mobility requirements has led to the large-scale installation of air quality sensors in these vehicles, which is estimated to support the market growth.
Industry Definition and Major Segments
Automotive cabin air quality sensor monitors the cabin of a vehicle and measures the pollutants in the form of oxidisable gases like carbon monoxide and other burnt fuel components. The sensor then sends the information to the air filtration system. It is part of the vehicle’s air conditioning system and maintains the air quality inside the vehicle when the outside air quality drops.
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The automotive cabin air quality sensor industry, by type, can be segmented into:
• Pressure Sensors
• Temperature Sensors
Based on technology, the market is classified into:
• Active Sensors
• Passive Sensors
On the basis of sales channel, the market is categorised into:
Based on vehicle type, the market is segmented into:
• Passenger Cars
• Commercial Vehicles
The regional markets for automotive cabin air quality sensor include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The stringent government regulations to control air pollution and the consequent health hazards are the major factors propelling the industry growth. Further, the growing health awareness among consumers regarding the negative effects associated with the intake of poor quality air, which can lead to respiratory disorders and heart problems, is projected to aid the market growth. In addition, the growing focus of the governments to curb environmental issues like acid rain, eutrophication, and global warming, among others, is leading to the increased installation of air quality sensors in several vehicles. Further, the rapid technological advancements such as the adoption of improved data analytics are anticipated to propel this market in the forecast period.
Key Market Players
The major players in the industry are paragon GmbH & Co. KGaA, Sensata Technologies, SGX Sensortech, Axetris AG, and Prodrive Technologies B.V., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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