Escalating levels of air pollution, deteriorating air quality within automotive, and growing passenger awareness regarding safety, comfort, and overall in-car wellbeing has resulted in accelerated global adoption of automotive cabin air quality sensors. In addition to growing awareness, concerns regarding reduction of CO2 and particulate matters coupled with stringent government regulations are the primary drivers shaping the global automotive cabin air quality sensors market over the forecast period of 2018-2028.
A recently published intelligence outlook by Future Market Insights (FMI) projects stellar growth prospects for the global automotive cabin air quality sensors market at an estimated CAGR of 13.8% over the 10-year forecast period. Although, FMI predicts an exceptional market performance in terms of annual growth, the adoption of automotive cabin air quality sensors in terms of value, is projected to be extremely low, owing to some restraining factors being grey market presence, low replacement rate, commuters moving towards public transport, and lack of resources and technological awareness. According to FMI’s market research analysis, the low volume-high growth global automotive cabin air quality sensors market is projected to reach a market valuation of US$ 892,950.7 Thsnd by 2028 end.
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Worldwide Efforts to Curb Emission & Particulate Matters Would Lift Up Automotive Cabin Air Quality Sensors Endorsements
Unfavorable climate changes have pushed government authorities to place strict regulations on the emission of sulfur oxides, nitrogen oxide and particulate matters. Regulations such as the Paris Agreement, EPA Guidelines, and new emission standards set by the Chinese government to restrict the emission of VOCs (volatile organic components) are all likely to shape the future of global automotive cabin air quality sensors market.
Moreover, in regions such as North America, Western Europe and Japan, the demand for luxury cars has been increasing. With that, the governing bodies have implemented strict protocols to ensure the driver and passenger wellbeing, violating which, heavy penalties are levied. Research suggest that commuters spend almost 5.5% of their time in a closed vehicle, exposing themselves to over 20 harmful gases and particulate matters.
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Market segmentation
On the basis of vehicle type, the global automotive cabin air quality sensor market is segmented into
- Passenger Cars
- Compact Passenger Cars
- Mid-Sized Passenger Cars
- Luxury Passenger Cars
- SUV
- Commercial Vehicles
- LCV (Light Commercial Vehicles)
- HCV (Heavy Commercial Vehicles)
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Technological Innovations & Advancements to Add Mobility to Automotive Cabin Air Quality Sensors Market
Key players, compelled by advancements in automation and research, are developing advanced sensor features to better equip commuters, and further accelerate the adoption automotive cabin air quality sensors. Technologies, such as SIFT-MS (Selected Ion Flow Tube Mass Spectrometry), which enables real-time detection of VOCs are gaining traction in the global automotive cabin air quality sensors market.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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