Market Overview:
The global auto wheel speed sensor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and growing awareness about safety are also contributing to the growth of this market. The global auto wheel speed sensor market is segmented on the basis of type into hall type and magnetic electric type. The hall type segment is expected to hold a larger share in terms of revenue in 2018 as compared to that of magnetic electric type segment; however, this trend is projected to reverse by 2030 owing to higher adoption rates for magnetic electric types over hall types due their advantages such as low power consumption and compact size.
Product Definition:
The wheel speed sensor is a device used to measure the rotational speed of a wheel. This information is then used by the vehicle's computer to control various systems, such as braking and steering. The wheel speed sensor is important because it allows the computer to adjust these systems accordingly for optimum performance and safety.
Hall Type:
The hall type wheel speed sensor is a device used to measure the rotational speed of the wheels. It consists of two orthogonal magnetic plates, one above the other with a narrow gap between them. As electric current flows through this gap it generates an electromagnetic field and can be detected by any external circuit. The rotation rate can then be determined using any formula based on voltage measurement across the two plates divided by current measurement across the gap (Voltage-Current).
Magnetic Electric Type:
Magnetic electric type is used in automotive wheel speed sensor. It's a device that converts rotary motion into electrical signals. The signal is then processed and converted to digital form by the microcomputer inside the sensor unit, which further converts it to appropriate values for use in vehicle Electronic Control Unit (ECU).
Application Insights:
The passenger vehicle segment dominated the global auto wheel speed sensor market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for electric vehicles, especially in countries such as China and Japan, is anticipated to propel product demand. In addition, increasing government initiatives regarding reducing vehicular emissions are likely to boost the adoption of these devices in automotive applications across various regions.
The commercial vehicle segment accounted for a significant share of the overall revenue in 2017 owing to rising utilization of these products due to their ability to measure speeds from 50 meters away with an accuracy level up till ±5%. These products are used along with Global Positioning Systems (GPS) and other electronic systems that require constant monitoring for maintaining optimum performance levels. Also, they provide enhanced safety by preventing wheels from locking or skidding on ice or snow while providing better traction on wet roads ensuring safer driving conditions at high speeds.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand from U.S. and Canada for advanced safety features in commercial vehicles, passenger cars, and motorcycles.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising government initiatives pertaining to road infrastructure development along with rapid industrialization and urbanization in emerging economies such as China, India, Indonesia, Malaysia Philippines Singapore Thailand Vietnam etc.
Growth Factors:
- Increasing demand for automobiles
- Technological advancements in wheel speed sensors
- Rising disposable income of consumers
- Growing awareness about safety features in automobiles
- Government initiatives to promote the use of safety features in automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Auto Wheel Speed Sensor Market Research Report
By Type
Hall Type, Magnetic Electric Type
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Bosch, Continental, MOBIS, ZF, AISIN, Delphi, WABCO, Knorr-Bremse, MHE, Hitachi Metal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Auto Wheel Speed Sensor Market Report Segments:
The global Auto Wheel Speed Sensor market is segmented on the basis of:
Types
Hall Type, Magnetic Electric Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Continental
- MOBIS
- ZF
- AISIN
- Delphi
- WABCO
- Knorr-Bremse
- MHE
- Hitachi Metal
Highlights of The Auto Wheel Speed Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hall Type
- Magnetic Electric Type
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auto Wheel Speed Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An Auto Wheel Speed Sensor is a device that measures the rotational speed of a wheel. This information is used to calculate the vehicle's movement and can be used to improve safety or performance.
Some of the key players operating in the auto wheel speed sensor market are Bosch, Continental, MOBIS, ZF, AISIN, Delphi, WABCO, Knorr-Bremse, MHE, Hitachi Metal.
The auto wheel speed sensor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auto Wheel Speed Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auto Wheel Speed Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auto Wheel Speed Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auto Wheel Speed Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auto Wheel Speed Sensor Market Size & Forecast, 2020-2028
4.5.1 Auto Wheel Speed Sensor Market Size and Y-o-Y Growth
4.5.2 Auto Wheel Speed Sensor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hall Type
5.2.2 Magnetic Electric Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auto Wheel Speed Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auto Wheel Speed Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hall Type
9.6.2 Magnetic Electric Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hall Type
10.6.2 Magnetic Electric Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hall Type
11.6.2 Magnetic Electric Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hall Type
12.6.2 Magnetic Electric Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hall Type
13.6.2 Magnetic Electric Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auto Wheel Speed Sensor Market: Competitive Dashboard
14.2 Global Auto Wheel Speed Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental
14.3.3 MOBIS
14.3.4 ZF
14.3.5 AISIN
14.3.6 Delphi
14.3.7 WABCO
14.3.8 Knorr-Bremse
14.3.9 MHE
14.3.10 Hitachi Metal
