Automotive Exhaust Aftertreatment Systems Market Trends and Forecast: Projected [13.3%] CAGR [Growth]
The global automotive exhaust aftertreatment systems market stood at USD 25 billion in 2022 and is poised to grow at a CAGR of 13.3% from 2024 to 2028, according to TechSci Research. The market’s momentum is driven by growing environmental concerns, stringent emissions regulations, technological innovation, and increasing consumer awareness. Exhaust aftertreatment systems are becoming indispensable for vehicles, enabling automakers to meet evolving global emission standards. Introduction Understanding Exhaust Aftertreatment Systems Automotive exhaust aftertreatment systems are essential technologies that reduce harmful pollutants emitted from internal combustion engines (ICE). These systems work in tandem with the engine’s operation to convert toxic gases—such as nitrogen oxides (NOx), carbon monoxide (CO), and particulate matter (PM)—into less harmful substances before they are released into the atmosphere. Significance in Modern Mobility With the global aut...