Bosch tops gas sensor vendor ranking in 2020
Delphi was second and Denso fourth reflecting the fact that automotive applications are the majority of the market at present.
Power train was responsible for half the market in 2020 but will decline in significance over the next few years, according to Yole. While automotive applications for gas and particle sensors will grow, other sectors such as domestic environmental control will grow faster driving a compound annual growth rate of 10.9 percent over the period 2020 to 2026. This will produce a near doubling of the market’s annual value to about $2.2 billion in 2026, Yole estimates.
Market shares by company revenue in the gas sensor industry in 2020. Source: Yole Developpement.
“The very established automotive powertrain, industrial and HVAC markets still dominate, generating around 80 percent of gas and particle sensor sales. But consumer applications seem finally ready to take off, thanks to the development of smart home and wearables,” said Dimitrios Damianos, market analyst at Yole, in a statement.
Gas and particle sensors market growth 2020 to 2026, broken down by application ($millions). Source: Yole Developpement.
This smart home and wearables market is expected to show 40 percent growth over the same period. Automotive in-cabin monitoring is also an expanding market at about 15.6 percent CAGR, showing interest in terms of both comfort and safety.
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