China & Western Europe Automotive Cabin Air Quality Sensor Market may continue to dominate

The global automotive cabin air quality sensor market to register a CAGR of 13.8% during 2018-2028. China, Western Europe and North America are estimated to account for a significant automotive cabin air quality sensor market value share by the end of the forecast period.

Future Market Insights (FMI) delivers key insights on the global automotive cabin air quality sensor market in its report titled “Automotive cabin air quality sensor Market: Global Industry Analysis and Forecast, 2018-2028”.The long-term outlook on the global automotive cabin air quality sensor market will remain positive, with the automotive cabin air quality sensor market value expected to increase at a CAGR of 13.8% during the forecast period. In the automotive cabin air quality sensor report, average volume per year from automotive cabin air quality sensor has been expressed in volume (Thsnd Units). Among automotive cabin air quality sensors by vehicle type, the luxury passenger cars and light commercial vehicles segments are expected to register healthy growth during the forecast period in the automotive cabin air quality sensor market with companies focusing on developing integrated solutions for automotive cabin air quality sensors as per the demand from various countries.

Estimated sales of automotive cabin air quality sensor in the global automotive cabin air quality sensors’ market is estimated to be valued at US$ 245,096.0 Thsnd by the end of 2018 while witnessing a CAGR growth of 13.8% over the forecast period. North America, China and Europe are expected to account for the lion’s share of the global automotive cabin air quality sensor market by the end of 2028 and are expected to retain their positions during the forecast period.

Global Automotive Cabin Air Quality Sensor Market Dynamics

In recent years, the global automotive industry has witnessed robust growth and the market is stipulated to grow at above average CAGR of 3%-3.5% over the projected period. This growth is expected to be higher in developing countries, such as India and China, which in turn, will augment the growth of the automotive cabin air quality sensors market.

Further, increasing number of automobiles has increased the emission of volatile organic compounds, which has led to drastic climate changes. This, in turn, has forced regulatory bodies to impose stringent regulations on the emission of these harmful gases and particulate matters. This particular factor is increasing the 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 interior 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. Furthermore, every person spends 5.5% of their time in traveling and increasing adoption of automotive cabin air quality sensors in automobiles will reduce the intake of VOCs by human body. This fact is the strongest factor that will be responsible for the growth of the automotive cabin air quality sensor over the years to come, especially in Japan, where the population is ageing rapidly and health is of utmost priority.

On the other hand, presence of counterfeit automotive cabin air quality sensors, long distance commuters inclining towards public transport, low replacement rate of automotive cabin air quality sensors due to their longer life and lack of automotive cabin air quality sensors in underdeveloped or developing countries is expected to hinder the growth of the automotive cabin air quality sensor market during the forecast period.

Global Automotive Cabin Air Quality Sensor Market Forecast

On the basis of vehicle type, automotive cabin air quality sensor market insights suggest that the ‘Commercial Vehicle’ segment will continue to dominate the market during the forecast period and will be followed by the ‘Passenger Cars’ segment.

China & Western Europe automotive cabin air quality sensor market may continue to dominate the global automotive cabin air quality sensor market during the forecast period. The North America automotive cabin air quality sensor market is expected to be next in the run owing to growing adoption of technically advanced automobiles. Latin America and MEA are estimated to grow at above average pace over the projected period. Germany & Italy are expected to hold major revenue share in the Western Europe automotive cabin air quality sensor market over the forecast period.

Global Automotive Cabin Air Quality Sensor Market Competitive Landscape

Some of the key market participants included in this study of global automotive cabin air quality sensor market are 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

Summary: The Automotive cabin air quality sensor market is expected to register a value CAGR of 13.8% during the forecast period. The automotive cabin air quality sensor market is expected to create a sea of opportunities for automotive manufacturers.

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Nikhil Kaitwade

With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.