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Oxygen Sensors will witness revenue growth of over $370 million by 2025
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This report covers the Class 1-3 Advanced Engine Management Components aftermarket in terms of volume (in Million units) and value ($ Billion) across North America. It discusses unit shipments, revenues, average price, distribution channels, and market shares. The base year for this analysis is 2018 and the forecast period is from 2019 to 2025. The research report covers the following product categories 1.Coolant Temperature Sensor 2.Camshaft/Crankshaft Position Sensor 3.MAP Sensor 4.Throttle Position Sensor 5.Oxygen Sensor 6.Engine Control Unit The North American passenger vehicle advanced engine management aftermarket is expected to show decent growth in unit shipments in the coming years. Increased use of electronics, further complexity of vehicles, emphasis on safety and increased installation of catalytic converters in vehicles to reduce exhaust emissions will be the main factors in helping the market grow steadily. Increasing age of vehicles in the US facilitates the demand for parts replacement despite sensors and ECUs having lower replacement rates. Overall unit shipments and revenues will experience an increase due to heightened focus on this category from the OEMs and IAM alike. . Average unit prices are expected to increase slightly due to the increase in the prices of raw materials and higher demand. Oxygen sensors and coolant temperature sensors are the most important categories in this category due to the higher installed base and higher replacement rates. Oxygen sensors are the most significant sensor sub-category due to the higher average unit price. As a by-product, suppliers of Oxygen sensors control a large share of the overall sensors market discussed in this study. Reman ECUs dominate the ECU market. The emergence of BEVs/PHEVs and new technologies like ADAS are expected spur the market for ECUs further. However BEVs/PHEVs are expected to pose challenges to the sensors aftermarket. Suppliers in the sensors aftermarket are currently focused on increasing SKU counts to expand vehicle coverage in order to compete in this market. This research also summarizes key suppliers, their core competency, brands, channel focus and positioning, and aftermarket expertise among others. The key suppliers in this market are SMP, Delphi, DENSO, NGK, Cardone, AC Delco, Spectra Premium and Bosch. Key areas this study will cover are as follows. 1. Total Class 1-3 Sensor and ECU units 2. Total Class 1-3 Sensor and ECU revenue 3. Overall 1-3 Sensor and ECU distribution channel analysis 4. Overall 1-3 Sensor and ECU trends and their impact on units and replacement rates
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