Automotive Oxygen Sensor Market is Anticipated to Grow(part 1)
Automotive Oxygen Sensor Market is Anticipated to Grow at A CAGR of 6.5% Over The Forecast Period.
The global automotive oxygen sensor market size was valued at US$ 5.3 Billion in 2021 and is 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 the efficiency of vehicles coupled with an increasing number of stringent government regulations on the emission of harmful gases is anticipated to bolster the global demand for the automotive oxygen sensor market over the forecast period. Increasing adoption of electric vehicles and alternate fuelled vehicles are anticipated to impede the global sales of the 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 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.
