Motorcycle Oxygen Sensor Market Scope
Oxygen Sensor, also known as Lambda Sensor, is a critical component of automotive and motorcycle fuel injection system. It helps with the system in measuring the oxygen contents in the exhaust gas and output signal in voltages to ECU (electronic control unit) to inadvertently calculate the CO contents and air fuel mixture of exhaust gas. Modern two-wheelers are equipped with sensors that relay information regarding the output to the ECU. The ECU acts like the brain of the system and optimizes performance accordingly.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Delphi (United Kingdom), DENSO (Japan), Robert Bosch (Germany), HYUNDAI KEFICO (South Korea), NGK Spark Plugs (Japan), Pucheng Sensors (China), United Automotive Electronic Systems (China), Cubic Sensor and Instrument Co., Ltd (China) and Ceradex Corporation (China) |
CAGR | % |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period
Delphi (United Kingdom), DENSO (Japan), Robert Bosch (Germany), HYUNDAI KEFICO (South Korea), NGK Spark Plugs (Japan), Pucheng Sensors (China), United Automotive Electronic Systems (China), Cubic Sensor and Instrument Co., Ltd (China) and Ceradex Corporation (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Motorcycle Oxygen Sensor market by Type , by Application (Entry-Level Segment, Mid-Size Segment and Full-Size Segment) and Region with country level break-up.
On the basis of geography, the market of Motorcycle Oxygen Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 2nd Oct 2020, BorgWarner Inc. announced it has completed its acquisition of Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner’s electronics and power electronics products, capabilities and scale, creating a leader in electrified propulsion systems that BorgWarner believes is well-positioned to take advantage of future propulsion migration
On 7th July 2020, NTK Oxygen Sensors combines expertise with innovation and delivers Oxygen Sensors with superior fit, form and function. When you require the best, count on NTK Oxygen Sensors to deliver. NTK oxygen sensors are OEM approved & fitted in Maruti Suzuki India Ltd., Honda Cars India Ltd., Fiat India Automobiles Ltd., Ford India Pvt. Ltd, Volkswagen India Pvt Ltd., Honda Motorcycle & Scooter India Pvt. Ltd., Hero MotoCorp Ltd. etc. Being a most preferable product by OEMs our current market share is more than 60%.
Motorcycle Oxygen Sensor Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Growing Demand for Stringent Emission Norms for Two-Wheelers
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Key Restraints | - Growing Popularity and Subsequent Sales of Electric Two-Wheelers may Restrain the Growth
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Challenges | - High Competition among Established Players for innovations in the coating materials for automotive oxygen sensors
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Market Opportunities | - Increasing Penetration of Fuel Injected Low Powered Motorcycles in Emerging Countries
- Innovation in the coating materials for Motorcycle oxygen sensors is anticipated to create new Paradigms
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Key Target Audience
Motorcycle Oxygen Sensor Manufacturers, Motorcycle Oxygen Sensor Raw Material Suppliers, Regulatory & Government Bodies, Automobile Enterprises, Research Institutes, Suppliers and Distributors and Others