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Global automotive cabin air quality sensor market to grow by 1.65 mn units during 2020- 24

Global automotive

The global automotive cabin air quality sensor market size is expected to grow by 1.65 million units during 2020-2024, progressing at a CAGR of 2 percent during the forecast period, reports research agency Technavio. “The increase in long-distance travel and the increase in demand for car air purifiers are the major factors propelling market growth. However, factors such as fluctuation in raw material prices may hamper market growth,” the report said.

According to Technavio, the increase in long-distance travel is expected to be one of the major factors that will drive the automotive cabin air quality sensor market growth. Air quality sensors are widely incorporated in vehicles equipped with automatic HVAC systems. In addition, it has been observed that a majority of the population in countries such as the US go on one or more long-distance trips every year. This stimulates the demand for luxury vehicles. Furthermore, the working population prefers cars for daily commute, which increases traffic congestions in metro cities. “With HVAC systems becoming a standard fitment in passenger cars and commercial vehicles, this increase in longdistance travel and traffic congestion will subsequently drive the need for air quality sensors,” Technavio said.

By geography, the Asia Pacific region is expected to witness significant growth and will offer several growth opportunities to market vendors during the forecast period. The growth of the automotive cabin air quality sensor market in APAC can be attributed to the increase in the purchase of passenger cars. China and Japan are the key markets for automotive cabin air quality sensor in APAC, said Technavio report.

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