Market Overview:
The global passenger 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 passenger vehicles across the globe and technological advancements in wheel speed sensors. The global passenger vehicle wheel speed sensor market is segmented on the basis of type, application, and region. On the basis of type, it is divided into active and passive sensors. Active sensors are further classified into Hall effect sensors and magnetoresistive (MR) sensors while passive ones include optical encoders and contactless tachometers/encoders. In terms of application, it is segmented into sedans, SUVs, vans & minivans, sports cars & luxury cars, buses & coaches other vehicles). Region-wise, it covers North America,, Latin America,, Europe,, Asia Pacific (APAC),and Middle East & Africa (MEA). Some of key players operating in this market are Continental AG (), Robert Bosch GmbH (), Denso Corporation (), Infineon Technologies AG (), Sensata Technologies Holding N.V., ZF Friedrichshafen AG ().
Product Definition:
A passenger vehicle wheel speed sensor is a device used to measure the rotational speed of a car's wheels. This information is then used by the car's computer to control things like the engine's idle speed, gas pedal position, and more.
Active:
The wheel speed sensor is an electronic device installed in vehicles to measure the rotational speed of the wheels. It is used for determining vehicle stability and preventing accidents caused due to sudden changes in vehicle momentum.
Passive:
Passive wheel speed sensors are used to measure the rotational speed of the vehicle. It is an indirect measurement that uses a shim or a weight to convert linear movement into circular motion. The sensor works by measuring the change in position of a passive part, such as an oscillating mass or a torsion spring, which then produces an electrical signal representative of wheel speed.
The most commonly used type is called “free-wheeling”.
Application Insights:
Passenger cars are the major application segment of the global market and accounted for over 60.0% share in 2017. The demand is higher in developed regions, such as North America and Europe, than in developing regions, where the availability of public transport systems is more prominent. Moreover, sedans are considered as status symbols among middle-class families thus increasing demand from this segment.
The SUV segment held a significant share of 31.4% in 2017 owing to its growing popularity among high net worth individuals (HNWI¢â‚¬â„¢s) across the globe for personal transportation purposes at affordable prices due to economies of scale employed through production units with low cost labor rates followed by Sedan which accounted for 19%.
Regional Analysis:
Asia Pacific dominated the global passenger vehicle wheel speed sensor market in 2017. This is attributed to the presence of key automobile manufacturers such as Toyota, Honda, Suzuki and Hyundai in this region. The increasing sales of passenger vehicles in developing economies such as India and China are also expected to drive growth over the forecast period. Furthermore, technological advancements coupled with a large number of component manufacturing companies present across this region have led to an increase in availability of sensors at competitive prices which has benefitted consumers immensely over the years.
The North American regional market held a significant share owing to high demand for fuel-efficient vehicles coupled with stringent government regulations regarding vehicular emissions that necessitate installation of these sensors on all types of commercial vehicles including buses and trucks As per Federal Motor Carrier Safety Administration (FMCSA), there were approximately 932,000 heavy-duty trucks operating throughout U.S.
Growth Factors:
- Increasing demand for passenger vehicles
- Rising disposable income of consumers
- Technological advancements in wheel speed sensors
- Growing awareness about safety features in passenger vehicles
- Government initiatives to promote the use of passenger vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Wheel Speed Sensor Market Research Report
By Type
Active, Passive
By Application
Sedan, SUV, Other
By Companies
Bosch, Continental, MOBIS, ZF, Aisin, Delphi Technologies, WABCO, Knorr-Bremse, Hitachi Metal, Denso, Melexis
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Wheel Speed Sensor Market Report Segments:
The global Passenger Vehicle Wheel Speed Sensor market is segmented on the basis of:
Types
Active, Passive
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
Sedan, SUV, 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 Technologies
- WABCO
- Knorr-Bremse
- Hitachi Metal
- Denso
- Melexis
Highlights of The Passenger 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:
- Active
- Passive
- By Application:
- Sedan
- SUV
- 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 Passenger 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
- 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?
A Passenger Vehicle Wheel Speed Sensor is a device that measures the rotational speed of the wheels on a vehicle. This information is used to calculate the vehicle's speed and to provide feedback to the driver.
Some of the key players operating in the passenger vehicle wheel speed sensor market are Bosch, Continental, MOBIS, ZF, Aisin, Delphi Technologies, WABCO, Knorr-Bremse, Hitachi Metal, Denso, Melexis.
The passenger 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 Passenger 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 Passenger Vehicle Wheel Speed Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger 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 Passenger 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 Passenger Vehicle Wheel Speed Sensor Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Wheel Speed Sensor Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Wheel Speed Sensor Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle Wheel Speed Sensor 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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Type
5.2.1 Active
5.2.2 Passive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle Wheel Speed Sensor 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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Applications
6.2.1 Sedan
6.2.2 SUV
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger 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 Passenger 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 Passenger Vehicle Wheel Speed Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle Wheel Speed Sensor 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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Type
9.6.1 Active
9.6.2 Passive
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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Applications
9.10.1 Sedan
9.10.2 SUV
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 Passenger Vehicle Wheel Speed Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle Wheel Speed Sensor 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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Type
10.6.1 Active
10.6.2 Passive
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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Applications
10.10.1 Sedan
10.10.2 SUV
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 Passenger Vehicle Wheel Speed Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle Wheel Speed Sensor 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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Type
11.6.1 Active
11.6.2 Passive
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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Applications
11.10.1 Sedan
11.10.2 SUV
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 Passenger Vehicle Wheel Speed Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle Wheel Speed Sensor 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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Type
12.6.1 Active
12.6.2 Passive
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 Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Applications
12.10.1 Sedan
12.10.2 SUV
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) Passenger Vehicle Wheel Speed Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle Wheel Speed Sensor 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) Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Type
13.6.1 Active
13.6.2 Passive
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) Passenger Vehicle Wheel Speed Sensor Market Size Forecast by Applications
13.10.1 Sedan
13.10.2 SUV
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 Passenger Vehicle Wheel Speed Sensor Market: Competitive Dashboard
14.2 Global Passenger 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 Technologies
14.3.7 WABCO
14.3.8 Knorr-Bremse
14.3.9 Hitachi Metal
14.3.10 Denso
14.3.11 Melexis
