Global Automotive Cabin Air Quality Sensor Market Size will register a 7.2% CAGR in terms of revenue, the market size will reach $ 170.9 million by 2027, from $ 129.6 million.
Adoption of automobiles have been increased by stable economic conditions and increasing urbanization, therefore the emission of hostile organic compounds like hydrogen and carbon monoxide has been increased which has resulted into dramatic climate change which has led to regulatory bodies taking strict actions against the emission of these harmful compounds and gases. This process has also led to increasing adoption of automotive cabin air quality sensors worldwide. One of the primary regulations is imposed by US government which is called the Paris agreement by energy protection agency (EPA).
This particular regulation is expected to contribute in the growth of the market for automotive cabin air quality sensor market significantly. China has also imposed certain rules regarding the manufacturing of materials used in the interiors of automotive which can result into emission of harmful gases. Meanwhile, the US which is world’s number one economy has made automotive cabin air quality a prerequisite in automobiles with respect to emission per capita.
Standard Motor Products, Inc. Announces Acquisition of Trombetta
2021: Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today that it has acquired 100% of the capital stock of Trumpet Holdings, Inc., a Delaware corporation (more commonly known as “Trombetta”), for $108 million, subject to certain post-closing adjustments. Trombetta is a worldwide leader in providing power switching and power management products to OE customers in various markets. Trombetta generates approximately $60 million in annual revenue, and has manufacturing facilities in Milwaukee, Wisconsin, Sheboygan Falls, Wisconsin, and Tijuana, Mexico, as well as a majority ownership in a joint venture in Wuxi, China.
Sensata Technologies Completes Acquisition of Xirgo Technologies
2021:SWINDON, England – (BUSINESS WIRE) - Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, today announced that it has completed the previously announced acquisition of leading telematics and data insight provider, Xirgo® Technologies Intermediate Holdings, LLC (“Xirgo”) for $400 million.Sensata completed the acquisition of 100% of the shares from private equity firm HKW and other shareholders following receipt of regulatory approval from all authorities required by the agreement. The acquisition includes approximately 160 sales, engineering and manufacturing employees in the United States and Lithuania including more than 75 engineers.
The global Automotive Cabin Air Quality Sensor market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes: Paragon, Sensata Technologies, Sensirion, AMS, SGX Sensortech, Standard Motor Products, Inc. (NYSE :SMP), Valeo, Figaro, UST Umweltsensortechnik, Prodrive Technologies, Nissha FIS and others.
Automotive Cabin Air Quality Sensor market is segmented based on the type, applications, companies and regions.
By Type, Automotive Cabin Air Quality Sensor Market has been segmented into
The end user’s industry application on Automotive Cabin Air Quality Sensor Market is,
The North America automotive cabin air quality sensors market accounted for a value share of 27.2% in 2017 and is projected to maintain its dominance in the global automotive cabin air quality sensors market during the forecast period and the Western Europe automotive cabin air quality sensors market is projected to represent significant incremental opportunity between 2018 and 2028. The North America Automotive cabin air quality sensors market, on the other hand, is estimated to expand at significant CAGR in terms of value and volume over the forecast period.
Asia Pacific is likely to hold prominent share in the automotive cabin air quality sensor market owing to high vehicle production in the region. The market in Latin America is likely to expand at a considerable pace during the forecast period. Countries in Latin America shows significant growth in countries GDP. The light commercial vehicles segment in North America is expanding at considerable pace due to the high usage of these vehicles to transport daily goods.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.2 % over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Paragon, Sensata Technologies, Sensirion, AMS, SGX Sensortech, Standard Motor Products, Valeo, Figaro, UST Umweltsensortechnik, Prodrive Technologies, Nissha FIS |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 116 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Automotive Cabin Air Quality Sensor Market?
Paragon, Sensata Technologies, Sensirion, AMS, SGX Sensortech, Standard Motor Products, Valeo, Figaro, UST Umweltsensortechnik, Prodrive Technologies, Nissha FIS
What regions does this Automotive Cabin Air Quality Sensor Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Automotive Cabin Air Quality Sensor Market?
Double Sensor, Triple Sensor, Others
What are the major end-use applications of the Automotive Cabin Air Quality Sensor Market?
Compact Car, Mid-size Car, Full-size Car, SUV/Crossover, Other
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