Oxygen sensors are used to detect the amount of oxygen in the gas or liquid being analyzed. The global oxygen sensor market is expected to grow from $1.39 billion in 2012 to $2.64 billion by 2022, at an estimated CAGR of 7.4% from 2013 to 2022. The common material to make oxygen sensor is zirconia zirconium dioxide. Galvanic, infrared are ultrasonic are alternative methods for measuring oxygen. The most recent development is laser technology and associated methods for oxygen sensing.
Delphi (U.K.), Robert Bosch GmbH (Germany) and NGK (U.S.) are the leading players in oxygen sensor market. The first oxygen sensor was developed by Bosch which was installed in a Volvo 240/260 series vehicle. Bosch is market leader in development, patents holdings and manufacturing of Oxygen sensors. NGK developed the NTK SSRP to encourage responsible practices in the automotive aftermarket by promoting the recovery of replaced oxygen sensors.
The major promising market for oxygen sensors is automotive and medical applications. In growth perspective, Asia Pacific region is prominent in automobile oxygen sensors. Due to improved standard of living and advancing cities in size and population, there is need for environmentally suitable conveyance facilities. Emissions and safety requirements for automobiles result in oxygen sensors consumption at large scale. This is the major driving factor for the growth in this segment. In 2012, APAC contributed for about 41.4 % of the total market share. In medical application, the use of oxygen sensors is mainly for measurement of respiration and production of oxygen. It is used in devices like anesthesia monitors, respirators and oxygen concentrators. Basic need for medical facilities in developing countries and technological advancement for medicine in developed countries is leading factor for growth of oxygen sensors market.
Customization Options:
With Market data, you can also customize MMM assessments that meet your Company’s specific needs. Customize to get comprehensive industry standard and deep dive analysis of the following parameters:
Type Specific
Usage pattern of various oxygen sensors like zirconia sensor, Wideband zirconia sensor and Titania sensor
Detailed analysis based on application and geography
Product Analysis
Usage pattern (in-depth trend analysis) of products in automobile, medical and biomedical
Product Matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub segment level
End-user Adoption rate analysis of the products (Segment wise and Country wise)
Comprehensive coverage of Product approvals, Pipeline products and Product recalls
Competitive Analysis
Product specific and region specific market share analysis of top players
Key developments of each top player that affect the market dynamics.
Technology Specific
Oxygen sensor market based on technologies such as zirconia, electrochemical/Galvanic, infrared and ultrasonic
Shipment/ Volume Data
Value of raw materials/ components shipped annually specific to region and countries which are major market in oxygen sensors
