Automotive Exhaust Sensor Market report

In terms of volume, the global automotive exhaust sensor market will record a CAGR of 3.5% during the forecast period 2017 to 2026, as projected by a recent Fact.MR report. Nearly US$ 2,000 Mn worth of automotive exhaust sensors are estimated to be sold globally by 2026-end.

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Miniaturization of integrated circuits has been providing a boost to the development of the automotive exhaust sensors since the recent past. Demand for microelectromechanical system (MEMS) sensors, miniaturized form of the conventional ICs that are manufactured with the aid of microfabrication technology, has been witnessing a substantial surge. Adoption of microfabrication technology enhances the accuracy and reliability of automotive exhaust sensors, meanwhile improving their efficiency, communication capabilities, response time, and robustness. Additionally, a large number of automotive exhaust sensor manufacturers are making enormous investments in research & development activities for coming up with better microfabrication technologies, which in turn will help them in boosting their revenue generation.