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 2026, 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.
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, 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.
The Key regions covered in the report are North America (U.S., Canada),Europe (Germany, France, U.K., Italy),Asia-Pacific (Russia, China, Japan, South Korea, Taiwan, Southeast Asia),South America (Mexico, and Brazil, etc.) and ROW.
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.
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