Analysts forecast global automotive oxygen sensor market to grow at a CAGR of 2.46% during the period 2017-2021. The latest trend gaining momentum in the market is Titanium-based oxygen sensors to replace zirconium-based oxygen sensors.
Titanium-based oxygen sensors are highly responsive than zirconium-based oxygen sensors.
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Titanium sensors are semiconductors, unlike zirconium sensors. The sensor varies electrical resistance in accordance with the amount of oxygen in the exhaust gas.
Therefore, their operations are different as compared with zirconium sensors. Oxygen in exhaust gases is measured in terms of resistance where the resistance of the titanium changes with the amount of oxygen in the exhaust gas.”
According to the automotive oxygen sensor market report, one of the major drivers for this market is Rising penetration of downsized engines. Downsized engines generate high amounts of heat due to lack of proper heat dissipation through constricted engine blocks.
Increased amounts of heat would require high-density heat-resistant materials to be used in vehicles. Therefore, oxygen sensors that are used in vehicles with downsized engines should be manufactured with high-density heat-resistant materials to ensure their effectiveness.
This will considerably increase the value of automotive oxygen sensors used in these vehicles.
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Major key players in the global automotive oxygen sensor market: Delphi, DENSO, Robert Bosch, Hyundai KEFICO, NGK, Pucheng Sensors, and United Automotive Electronic Systems
Further, the automotive oxygen sensor market report states that one of the major factors hindering the growth of this market is Rising prices of zirconium and titanium. The rising cost of chemicals like zirconium and titanium will increase the manufacturing cost of oxygen sensors.
The rise in environmental cost, raw material mining cost, and energy cost is increasing the price of zirconium and titanium since 2015. Moreover, the increased demand for these chemicals has also contributed to the price increase since 2015.
The majority of zirconium was obtained from Africa and Australia in 2016. Approximately 89% of the zirconium derivatives such as zirconium oxide, zirconium basic carbonate, and zirconium oxychloride are distilled and produced in China.
Therefore, the rising labor costs in China will further compound the costs of manufacturing of automotive oxygen sensors.
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Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
Market Size and Forecast
Five Forces Analysis
6: Market Segmentation By Application
Global Automotive Oxygen Sensor Market By Application
Global Automotive Oxygen Sensor Market For Passenger Vehicles
Global Automotive Oxygen Sensor Market For Commercial Vehicles
7: Geographical Segmentation
Global Automotive Oxygen Sensor Market By Geography
Automotive Oxygen Sensor Market in APAC
Automotive Oxygen Sensor Market in EMEA
Automotive Oxygen Sensor Market in Americas
8: Key Leading Countries
Key Leading Countries
9: Decision Framework
10: Drivers and Challenges
11: Market Trends
Adoption of Wideband Oxygen Sensors
Titanium-Based Oxygen Sensors To Replace Zirconium-Based Oxygen Sensors
Intake Type Automotive Oxygen Sensor
12: Vendor Landscape
Other Prominent Vendors
13: Key Vendor Analysis
List of Abbreviations
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