Market Overview:
The global commercial vehicle 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 commercial vehicles across the globe and rising awareness about safety features in commercial vehicles. The global commercial vehicle wheel speed sensor market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hall type and magnetic electric type. The hall type segment dominates the global market owing to its low manufacturing cost and high accuracy rate as compared to other types of sensors available in the market. By application, it is classified into truck, bus, and other applications such as construction equipment or agricultural machinery etcetera.
Product Definition:
A commercial vehicle wheel speed sensor is a device used to measure the rotational speed of a commercial vehicle's wheel. The information collected by the sensor can be used to help optimize performance and safety features such as anti-lock braking systems (ABS) and traction control systems.
Hall Type:
The wheel speed sensor is a device that measures the rotational speed of the wheels and feeds it to the engine control unit (ECU) for monitoring and feedback purposes. The ECU uses this information to monitor fuel efficiency, ignition timing, air/fuel mixture ratio as well as other factors.
There are two types of wheel speed sensors namely stationary and moving.
Magnetic Electric Type:
Magnetic electric type is used in wheel speed sensor, which is a device used to measure the rotational speed of the vehicle. It does this by measuring the change in voltage that occurs when current flows through a coil of wire around an axle. The faster the vehicle goes, the more electricity there will be in these wires and thus they will generate more magnetic field lines that go into a sensor and get converted into an electrical signal.
Application Insights:
Truck was the largest application segment in 2017 and is expected to maintain its dominance over the forecast period. The increasing need for trucks with higher payload capacities, improved maneuverability, and reduced fuel consumption has been encouraging manufacturers across the world to adopt electric motors for their commercial vehicles. This has resulted in increased demand for electric power trains that include motor, inverter, battery pack and transmission system. As a result of this trend, wheel speed sensor market is also anticipated to witness significant growth over the coming years.
The growing popularity of self-driving trucks among shippers as an alternative to expensive rail services is estimated to boost product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising disposable income. Moreover, rapid industrialization and urbanization have resulted in an increased demand for commercial vehicles, which will drive the market further.
The growing manufacturing sector along with increasing government spending on infrastructure development is likely to propel product demand across Latin America during the forecast period. In addition, rising adoption of electric vehicles owing to favorable government policies such as financial incentives and tax benefits are anticipated to fuel industry growth over the coming years.
Growth Factors:
- Increasing demand for commercial vehicles: The global commercial vehicle market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This will lead to an increase in the demand for wheel speed sensors, as they are essential components in commercial vehicles.
- Technological advancements: Wheel speed sensors are becoming increasingly sophisticated with the advent of new technologies such as MEMS (micro-electro-mechanical systems). This is resulting in better accuracy and performance, which is driving the growth of the market.
- Rising safety concerns: With increasing awareness about road safety, there is a growing demand for advanced safety features in vehicles. Wheel speed sensors play an important role in improving vehicle safety by providing accurate information about wheel speeds and braking status.
- owing to rising disposable income and urbanization across emerging markets .This will create opportunities for growth in the Commercial Vehicle Wheel Speed Sensor market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Wheel Speed Sensor Market Research Report
By Type
Hall Type, Magnetic Electric Type
By Application
Truck, Bus, Other
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Wheel Speed Sensor Market Report Segments:
The global Commercial Vehicle 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
Truck, Bus, Other
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 Commercial Vehicle 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:
- Truck
- Bus
- Other
- 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 Commercial Vehicle 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
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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?
A commercial vehicle wheel speed sensor is a device that measures the rotational speed of a wheel on a commercial vehicle. This information is used to calculate the truck's movement and can be used to improve safety and efficiency.
Some of the major companies in the commercial vehicle wheel speed sensor market are Bosch, Continental, MOBIS, ZF, AISIN, Delphi, WABCO, Knorr-Bremse, MHE, Hitachi Metal.
The commercial vehicle wheel speed sensor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle 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 Commercial Vehicle Wheel Speed Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle Wheel Speed Sensor Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle Wheel Speed Sensor Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle 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 Truck
6.2.2 Bus
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle 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 Commercial Vehicle 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 Truck
9.10.2 Bus
9.10.3 Other
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 Truck
10.10.2 Bus
10.10.3 Other
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 Truck
11.10.2 Bus
11.10.3 Other
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 Truck
12.10.2 Bus
12.10.3 Other
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 Truck
13.10.2 Bus
13.10.3 Other
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 Commercial Vehicle Wheel Speed Sensor Market: Competitive Dashboard
14.2 Global Commercial Vehicle 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
