Automotive Wheel Speed Sensor Market - Global Industry Analysis

Automotive Wheel Speed Sensor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Automotive Report Format : PDF Report Code: ZMR-6852 Status : Upcoming

Description

Global Automotive Wheel Speed Sensor Market: Overview

A sort of tachometer is a wheel speed sensor, often known as a vehicle speed sensor (VSS). It's a sender device that measures the rotational speed of a vehicle's wheels. A toothed ring and a pickup are its components. In the day-to-day functioning of many wheels on-board systems, an automotive wheel speed sensor serves a critical role. Magneto resistive (active) and magnetic inductive (passive) wheel speed sensors are now in use. Passive sensors have been used in anti-lock braking systems (ABS) since the beginning.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Automotive Wheel Speed Sensor Market: Growth Factors

The global automotive wheel speed sensor market is expected to increase at a steady rate. Increased vehicle production and the requirement for improved safety features are two major factors driving the growth of the global automotive wheel speed sensor market. Because of the rising number of road accidents around the world, increasing focus is being placed on strengthening road safety standards and passing legislation to make vehicles safer to drive. As a result, the global market for automotive wheel speed sensors is seeing increased demand for automobile monitoring systems and, as a result, increased demand for automotive wheel speed sensors. These sensors aid in the automation of automobiles as well as the detection of monitoring systems and collision warning. Moreover, globalization is causing fast changes in the automobile industry. The development in manufacturing capacity throughout many emerging countries has produced a rise in vehicle sales, ultimately leading to a rise in market growth. However, the high cost of automobiles having an ABS is a key stumbling block to the global automotive wheel speed sensor market's growth. Furthermore, the development of signal synthesis and receptor isolation methods has resulted from recent advancements in the global market, which will promote the expansion of low power and high accuracy automobile wheel speed sensors in the market thereby offering better opportunities for the growth of the global automotive wheel speed sensor market during the forecast period.

The automobile is one of the most severely affected industries during the COVID-19 pandemic period. Government restrictions during the pandemic period forced most of the manufacturing units to halt their operations. Also, low demand and shortage of raw materials affected the production of new vehicles. All these factors collectively affected the growth of the market. However, the growing spending power of the middle-class population is expected to drive the growth of the sector, which is expected to fuel the market growth over the forecast period.

Global Automotive Wheel Speed Sensor Market: Segmentation

The global automotive wheel speed sensor market is fragmented based on sensor type, vehicle type, and region. Based on the sensor type, the global market is divided into the active sensor and passive sensor. The vehicle type segment is split into commercial vehicles and passenger cars.

Global Automotive Wheel Speed Sensor Market: Regional Analysis

Europe is likely to lead the global automotive wheel speed sensor market over the forecast period. The automobile industry in Europe is well established with the presence of globally recognized players. Also, the European standards for automobile safety are very high which is why major companies operating in the sector follow all the safety standards such as anti-lock braking systems while constructing the vehicles. Anti-lock braking systems is one of the crucial components that rely on wheel speed sensor hence the demand for the same is always high in the European automotive sector. North America is another major revenue contributing region expected to maintain its healthy contribution in the global market during the forecast period. Asia Pacific automobile sector is flourishing and likely to offer great opportunities for the expansion of the market. Emerging countries such as India and China with large automobile industries are adopting advanced technologies in their vehicles which may increase the demand for automotive wheel speed sensors over the projected period.

Global Automotive Wheel Speed Sensor Market: Competitive Players

Robert Bosch GmbH, Hitachi Metals, Ltd., Hella KGaA Hueck & Co., DENSO Corporation, Continental AG, ZF Friedrichshafen AG, WABCO, Melexis NV, NXP Semiconductors N.V, and NTN-SNR are the major players operating in the global automotive wheel speed sensors market.

Global Automotive Wheel Speed Sensor Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

 

Table Of Content

Choose License Type

Request the coronavirus impact analysis across industries and markets

FrequentlyAsked Questions

The global automotive wheel speed sensor market is expected to increase at a steady rate. Increased vehicle production and the requirement for improved safety features are two major factors driving the growth of the global automotive wheel speed sensor market. Furthermore, the development of signal synthesis and receptor isolation methods has resulted from recent advancements and advances in the global market, which will promote the expansion of low power and high accuracy automobile wheel speed sensors in the market thereby offering better opportunities for the growth of the global automotive wheel speed sensor market during the forecast period.

Robert Bosch GmbH, Hitachi Metals, Ltd., Hella KGaA Hueck & Co., DENSO Corporation, Continental AG, ZF Friedrichshafen AG, WABCO, Melexis NV, NXP Semiconductors N.V, and NTN-SNR are the major players operating in the global automotive wheel speed sensor market.

Europe is likely to lead the global automotive wheel speed sensor market over the forecast period. The automobile industry in Europe is well established with the presence of globally recognized players. Also, the European standards for automobile safety are very high which is why major companies operating in the sector follow all the safety standards such as anti-lock braking systems while constructing the vehicles. Anti-lock braking systems is one of the crucial components that rely on wheel speed sensor hence the demand for the same is always high in the European automotive sector.

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • paypal
  • amazon
  • visa
  • master card

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed