Automotive Exhaust Analyzer Market Size (2024 - 2029)

Automotive Exhaust Analyzer Market Analysis

The automotive exhaust analyzer market was valued at USD 795.50 million in the current year and is projected to grow to USD 1.12 billion in the next five years, registering a CAGR of 6.77% in terms of revenue during the forecasted period.

• The COVID-19 pandemic had an unprecedented and staggering impact on the market, as these products experienced lower-than-anticipated demand across these regions during the year 2020 owing to the shutdown of manufacturing facilities and supply chain disruptions, further aggravated by the fluctuating raw material prices. However, by the first half of 2021, with gradual improvement in the production of vehicles, the market started regaining its momentum.
• Over the medium term, the rising number of initiatives taken by government bodies across the globe to focus on energy and environment conservation policies is expected to boost the automotive exhaust analyzer market growth during the forecasted period. Regulatory bodies around the world are at the forefront of developing clean automotive technology and designing programs to reduce and prevent air pollution.
• Vehicle engine and fuel testing is a meaningful way to verify emission standards are met and ensure the benefits from regulations become a reality. Exhaust analyzer has been providing a wide array of analytical testing and helping these regulatory bodies to keep a check on automobile emissions.
• Volkswagen's rigging of emission tests for 11 million cars was a shock to the automotive industry. The potential scale of the scandal raised alarms across the environmental protection agencies, putting the current exhaust analysis techniques under stringent scrutiny and bringing the automotive exhaust analysis systems sector into the spotlight.
• Analyzer manufacturers have taken this scandal as a significant market opportunity and are trying to come up with compliant products, and manufacturers are trying to capitalize on the demand by introducing new products and expanding their production capabilities.

Automotive Exhaust Analyzer Industry Segmentation

An automotive exhaust analyzer is an instrument that analyzes exhaust gases coming from the vehicle. The device is designed to indicate the fuel-air ratio of the fuel mixture of an engine.

The automotive exhaust analyzer is segmented by sensor type, vehicle type, location type, and geography. Based on the sensor type, the market is segmented into non-dispersive infrared, flame ionization detector, chemiluminescence analyzer, and other sensor types. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on the location type, the market is segmented into analytical (lab testing) systems and onboard systems. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world.

For each segment, the market sizing and forecast have been done based on the value (USD).