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Download Free sampleThe global Automotive Oxygen Sensor market was valued at 6593.24 Million USD in 2021 and will grow with a CAGR of 2.5% from 2021 to 2027, based on Research newly published report.
The prime objective of Automotive Oxygen Sensor Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Automotive Oxygen Sensor Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Automotive Oxygen Sensor is the critical sensing component of Efi engine control system. It is used to control vehicle emissions, reduce car pollution to the environment and improve the quality of automobile engine fuel combustion. Besides, all of automotive oxygen sensors are fixed on the exhaust pipe. Automotive Oxygen Sensor produces an electrical signal, by measuring oxygen potential, will produce the signal feedback back to the control center to react. So, it can control the air-fuel ratio.At present in the foreign industrial developed countries, the automotive oxygen sensor industry is generally at a more advanced level, the world`s large enterprises are mainly concentrated in the United States, Europe, etc. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But foreign companies` manufacturing cost is relatively high, compared with Chinese and other emerging countries` companies, the manufacturing cost is a competitive disadvantage, as the Chinese and other emerging countries` automotive oxygen sensor production enterprise technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increase .
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