Automotive Exhaust Sensor Market Comprehensive Study by Key Players
Posted by Preet on September 2nd, 2019
Miniaturization of integrated circuits is likely to provide an impetus to the development of automotive exhaust sensors in the near future. Adoption of microelectromechanical system (MEMS) sensors, a miniaturized form of conventional ICs manufactured by using microfabrication technology, is witnessing a tremendous surge.
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Use of microfabrication technology enables automotive exhaust sensors in being more accurate and reliable, meanwhile enhancing their response time, efficiency, communication capabilities, and robustness. In addition, 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.
The market for automotive exhaust sensor in Europe and North America has reached a maturity stage, and is currently stable on the back of a slack in production and rising competition from developing economies in Asia-Pacific excluding Japan (APEJ) and Latin America. However, with implementation of the Euro VI norms in 2017, demand for exhaust sensors is expected to witness a gradual rise in Europe in the near future. Europe will remain the largest market for automotive exhaust sensor, in terms of value.
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About the AuthorPreet
Joined: July 11th, 2019
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