Rapid increase in level of air pollution and Stringent Government environmental policies across the globe to drive the automotive cabin air quality sensors market
The global automotive cabin air quality sensors market is poised to reach US$ 758.8 Mn by 2030, expanding at a CAGR of 10.2% during the forecast period from 2023 to 2030. Growing exposure to hazardous amount of pollution, increasing number of passenger cars and electric vehicles, adoption of new technology such as autonomous vehicles by automakers is expected to drive the market for global automotive cabin air quality sensors. Pricing pressure for sensor manufacturers, market convergence, increase in number of diversified consumers, modified product portfolio and fluctuation in raw material price are few factors may hinder the market growth of automotive cabin air quality sensors.
Increasing Demand from the Passenger Cars segment to Drive Growth Prospects
Increasing number of passenger cars is majorly driven by newly introduced micro digital sensors and technology like automotive real time PM2.5 sensors, CMOSens® technology. In addition, growing joint ventures and agreement between sensor manufacturers like Hella Fahrzeugkomponenten GmbH and Senseair, Government of the U.S. and Senseair, is projected to fuel the market for automotive cabin air quality sensors. Moreover, rising penetration towards automation, electric vehicles, autonomous driving and innovative business model in automotive industry have made a worldwide sales of more than 90 million in 2019. For instance, Volkswagen has recently developed a new car “Tiguan” with the integration of anti-allergy filters and cabin air quality sensors for reducing the intrusion of pollutants which includes allergens and fungal spores.
Increasing demand and sales of passenger cars especially in developed countries and growing consumer demand towards comfort, air quality, and health safety are predictable to upsurge the overall demand for automotive cabin air quality sensors on a global scale. In addition, the foreseeable trend on autonomous and shared mobility for passenger cars rise the new car sales by 30% in the U.S., Europe, and China, owing to expand market growth.
North America to Dominate, Europe to Witness Strong Growth
Over the past few years, the U.S. has closed the production gap with Japan for domestically produced passenger cars, light trucks, utility vehicles, and minivans. Moreover, the U.S. surpassed Japan in the increasingly important sector of Trucks, Buses and others. The increasing popularity of light trucks in the American automotive market with around 50% market share is projected to drive the market for automotive cabin air quality sensors. Furthermore, consumer preference plays an active role in increasing the demand for automobiles, which in turn will expand the market growth.
According to the European Automobile Manufacturers Association (EAMA), in 2020 around 15 million units of passenger cars were registered in European Union (EU) holding a market share of 21% giving notable growth for this segment. In addition, in 2019, a transition from diesel and gasoline have increased the market share by 5% of electric vehicles (EV), which is expected to drive the market for automotive cabin air quality sensors. In Europe, Germany holds around 23% market share for the overall European market, followed by France and U.K.
Key Players & Competitive Landscape:
Some of the leading manufacturers profiled in the study include Amphenol Corporation, ams AG, Axetris AG, Figaro Engineering Inc., Nissha FIS, Inc., Prodrive Technologies BV, SENSEAIR, Sensirion Holding AG, SGX Sensortech, and Valeo SA.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Cabin Air Quality Sensors market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
| |
Vehicle
| |
Sales Channel
| |
|
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report
