Remote Automotive Exhaust Sensing Market Insights
The remote automotive exhaust sensing market will likely witness a notable growth rate. Rising government efforts to control air pollution would drive market growth. Market Research Future (MRFR) asserts that the global remote automotive exhaust sensing market will escalate from USD 0.079 BN in 2022 to USD 0.27 BN by 2032, registering a 14.80% CAGR throughout the anticipated period (2023-2032).
Besides, governmental policies for zero-emission, light-duty, and heavy-duty vehicles increase the demand for remote automotive exhaust sensing. Massive demand across emission sources allows the market to grow enormously all year. Also, the growing awareness about air pollution due to the combustion of fuels in cars is a key market driver.
Moreover, factors such as rapid industrialization over the past few years and the increasing demand for fuel-efficient vehicles have escalated its market on the global platform. The recent shift in the focus of industrialists and automakers to reduce emission levels increases the use of remote automotive exhaust sensing. Additional factors supporting the market growth include continuous developments of new remote automotive exhaust sensing solutions.
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Major Players:
Leading remote automotive exhaust sensing market players include
- Hager Environmental & Atmospheric Technologies (US),
- Opus Group AB (Sweden),
- Doppler Environmental Protection Technology Co., Ltd. (China),
- Korea Environment Corporation (South Korea),
- Anhui Baolong Environmental Protection Technology Co., Ltd. (China),
- Hangzhou Chunlai Technology Co., Ltd. (China),
Global Remote Automotive Exhaust Sensing Market – Segments
The market report is segmented into offerings, fuel types, types, and regions. The offering segment is sub-segmented into hardware, software, and services. The fuel type segment is sub-segmented into petrol and diesel. The type segment is sub-segmented into carbon dioxide (CO2), carbon monoxide (CO), nitrogen oxide (NOX), and particulate matter (PM). By region, the remote automotive exhaust sensing market is segmented into the Americas, Europe, Asia-Pacific, and the rest of the world.
Global Remote Automotive Exhaust Sensing Market – Regional Analysis
North America dominates the global remote automotive exhaust sensing market with the largest share. The strong emphasis on vehicular emissions control fosters the demand for remote exhaust sensing technologies. Besides, increased expenditure in innovation and government initiatives to reduce vehicle emissions supports the demand for remote automotive exhaust sensing.
The presence of the well-established automotive sector and technology development centers creates significant growth opportunities. Also, the shifting interest of automakers towards the uptake of remote automotive exhaust sensing alongside the strong automotive manufacturing base fosters the regional market. Additionally, the continuous growth in automotive production boosts the region’s remote automotive exhaust sensing market shares.
Global Remote Automotive Exhaust Sensing Market – Competitive Analysis
Highly competitive, the remote automotive exhaust sensing market appears fragmented with the presence of several players. These players incorporate strategic initiatives such as acquisition, partnership, collaboration, product launch, and expansion to gain a competitive advantage in this market.
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Industry/ Innovation/ Related News
Feb.02, 2023 — The Environment Agency – Abu Dhabi (EAD) announced it will begin remotely measuring vehicle emissions on the Abu Dhabi roads using the latest innovative technology. This new system will detect and quantify on-road emissions measurements using laser-based remote sensing technology.
EAD will use HEAT’s patented NASA Spinoff remote-sensing system, EDAR (Emissions Detection and Reporting), to detect and quantify on-road emissions measurements using its laser-based overhead detectors in real-time. This non-intrusive technology enables EAD to accurately detect and quantify various gases emitted from the automobile’s tailpipe in real-time.
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