Automotive Wheel Speed Sensor Market

Automotive Wheel Speed Sensor Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

Automotive Wheel Speed Sensor Market Segmented By type that is Passive Sensor, Active Sensor and by vehicle type that is passenger car and commercial car.

Automotive Wheel Speed Sensor market: Introduction

An automotive wheel speed sensor plays a prominent role in day-to-day operations of several wheel on-board systems. The main function of the sensor is to measure the speed of the wheel on tooted wheel or the magnetic encoder seal positioned on the bearing.

The recent advancements achieved in technologies in vehicles has enabled the use of automotive speed sensors for transmitting data to various systems which are responsible for controlling various vehicle dynamics as well as an extensive range of supplementary purposes.

Automotive wheel speed sensors are also referred to as ABS speed sensors as they observe the speed of a vehicle from its tone wheel. An automotive speed sensor transmits speed readings to an Electronic Control Unit (ECU) which takes appropriate decisions regarding break pressure adjustments during critical situations.

Ensuring driver and road safety is one of the prominent challenges at present and it is estimated to stay a challenge in future as well. One of the main reasons for several road accidents is the slow reaction of the driver while responding to accidental situation while driving at a higher speed.

High-tech automotive wireless electronics is capable of automating many driving features which reduce significant human errors and improve vehicle safety. The Automotive wheel speed sensor has been one of the key developments in this area and is a step forward in increasing driving comfort, automating driving and ensuring crash prevention.

Automotive wheel speed sensors are used to enhance various driving features which give better control to drivers in hazardous accidental situations by warning the driver, especially in case of over speeding. Automotive wheel speed sensors find various applications in systems, such as for warning and mitigation, vulnerable road user detection, lane change assistance and rear cross-traffic alerts.

They are also used in lane departure warning systems. Driver assistance systems which are equipped with wheel speed sensors are already in great demand in many passenger vehicles in the global market.

Find Out More about the Report Coverage

Automotive Wheel Speed Sensor market: Dynamics

Some of the prominent factors influencing growth of the automotive wheel speed sensor market are increasing vehicle production globally and need for enhancement of safety features. The demand for automotive wheel speed sensors in the global market is estimated to grow with an incremental rate in the coming years.

Owing to the increased number of road accidents globally, prominent emphasis is being laid on improving road safety regulations and creating laws to make automobiles safer for driving.

This, in turn, is driving the increasing consumption of automotive monitoring devices and consequently, increasing the demand for automotive wheel speed sensors in the global market. These sensors do not only help in automating vehicles but also help in effective detection of collision warning and monitoring systems.

Latest innovations and developments in the global market have led to the introduction of receptor isolation and signal synthesis methods, which in-turn, will drive the growth of low power and high accuracy automotive wheel speed sensors in the market.

The key market participants in the global market are also coming up with solutions, such as SOC (system on chip), which come equipped with multiple sensors on board owing to the rising trend of reducing the size of automobile components.

The Anti-lock braking system is expected to hold a prominent market share in terms of value and volume and is estimated to propel the demand for the global automotive wheel speed sensor market, owing to the stringent rules and regulation imposed to reduce road accidents. The growth of automotive wheel speed sensors is directly proportional to global vehicle production.

The most protuberant factors increasing the growth of automotive wheel speed sensor in the global market include production of advanced technology in automobiles and clean transportation. Rules and regulations enforced by ruling authorities and governments to ensure vehicle safety as well as safety of the environment will encourage manufacturers to produce environment-friendly and efficient vehicles.

This will successively result in an increase in demand for automotive wheel speed sensors in the global market. The escalating cost of speed sensors and its corresponding technology as well as changing prices are two of the key restraints contradicting the growth of the global automotive wheel speed sensor market.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

Automotive Wheel Speed Sensor market: Segmentation

By Type:

  • Passive Sensor
  • Active Sensor
By Vehicle Type:
  • Passenger Car
    • Economic PC
    • Mid-Sized PC
    • Luxury PC
  • Commercial Vehicles
    • LCV
    • HCV

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

Automotive Wheel Speed Sensor market: Market Participants

Examples of some of the market participants in the global Automotive Wheel Speed Sensor market are:

  • Robert Bosch GmbH
  • Continental AG
  • WABCO
  • Denso Corporation
  • ZF Friedrichshafen AG
  • NTN-SNR
  • Melexis
  • HELLA KGaA
  • Delphi Automotive PLC
  • NXP Semiconductors N.V
  • InnoSenT
  • First Sensor AG
  • Hitachi Metal

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Explore Persistence Market Research’s expertise in promulgation of the business !

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia & New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Recommendations

Automotive Sensor Cleaning System Market

Global Market Study on Automotive Sensor Cleaning Systems: Rapid Technological Developments in Autonomous Vehicles Aiding Market Expansion.

India Tire Pressure Sensor And Airbag Sensor Market

The India tire pressure sensor and airbag sensor market has been identified as a significantly consolidated market, with the organized sector occupying a major share of the overall market..

Our Clients

Our Clients