Automotive Wheel Speed Sensor Market by Type, Application, End-use

Description

List of Tables

[182 Pages Report] The Automotive Wheel Speed Sensor Market size was estimated at USD 7.89 billion in 2023 and expected to reach USD 8.30 billion in 2024, at a CAGR 5.51% to reach USD 11.48 billion by 2030.

Global Automotive Wheel Speed Sensor Market

KEY MARKET STATISTICS
Base Year [2023]	USD 7.89 billion
Estimated Year [2024]	USD 8.30 billion
Forecast Year [2030]	USD 11.48 billion
CAGR (%)	5.51%

Automotive Wheel Speed Sensor Market - IMG1

The automotive wheel speed sensor encompasses the manufacturing and distribution of electronic components used to measure the rotational speed of a vehicle's wheels. These sensors are a critical part of the anti-lock braking system (ABS), electronic stability control (ESC), and traction control system (TCS), thereby playing a pivotal role in automotive safety technologies. Wheel speed sensors help in ensuring optimal braking and handling performance by providing essential inputs to the vehicle's onboard computer systems. The market has been segmented based on the type of sensor, application, end-use, and geography. Increasing global vehicle production to meet consumer demand with the imposition of stringent safety norms by various governments, including ABS, ESC, and TCS, has been a significant driving force for the market. Consumer awareness and demand for enhanced vehicle safety systems propel the growth of the automotive wheel speed sensor market. The high level of complexity involved in the integration of wheel speed sensors poses a challenge for the growth of the market. The additional cost of advanced sensor systems, particularly for budget vehicles, can also limit the market reach. Growing development of new materials and technologies for sensors to further improve accuracy and durability in diverse operating conditions are expected to create opportunities for market growth.

Regional Insights

The Asia Pacific region is a significant region for the automotive wheel speed sensor market, driven by leading automotive manufacturing countries such as China, Japan, and India. Consumer needs in this region are heavily inclined toward vehicle safety features, fuel efficiency, and compliance with stringent automotive safety norms. China, as the largest vehicle market, shows a strong demand for advanced driver assistance systems (ADAS), which in turn fuels the need for quality wheel speed sensors. Japan, known for its technological advancements, focuses on innovation, which leads to a high adoption rate of new technologies in vehicles. Similarly, India is experiencing growth in its automotive industry with a noticeable increase in consumers' awareness and demand for vehicle safety features.

In the Americas, the market is characterized by an established automotive industry with a high demand for vehicles equipped with advanced safety systems. Customers in this region prioritize the robustness and long-term reliability of vehicle components due to the diverse climate conditions and road infrastructure. There is a healthy demand for high-end automobiles that incorporate a higher number and variety of wheel speed sensors for various applications beyond traditional ABS systems, such as traction control and electronic stability control. In the EMEA region, the market is diverse, with mature markets in EU countries and emerging markets in the Middle East and Africa. In the EU, there is a strong regulatory framework that mandates certain safety features in vehicles, thus ensuring a steady demand for wheel speed sensors. Consumers in these countries emphasize environmental standards and safety, driving demand for high-performance sensors. Research and development in the region are advanced, with numerous patents filed focusing on improving the integration of wheel speed sensors with other vehicle components to enhance overall system performance and reliability.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Wheel Speed Sensor Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Wheel Speed Sensor Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Wheel Speed Sensor Market, highlighting leading vendors and their innovative profiles. These include Allegro MicroSystems, Inc., Analog Devices, Inc., Continental AG, Delphi Group, DENSO Corporation, ELMOS Semiconductor SE, Feddermann & Lankau GmbH, Fujikura Europe Ltd, HELLA GmbH & Co. KGaA, Hitachi, Ltd., Infineon Technologies AG, Magna International Inc., Mechatronics Group Pty Ltd, Melexis NV, NTN Corporation, NXP Semiconductors N.V., OPTIMAL Automotive GmbH, PEC Australia, PROTERIAL, Ltd., Ridex GmbH, Robert Bosch GmbH, Sensata Technologies, Inc., TE Connectivity Ltd., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Wheel Speed Sensor Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Hall Effect Wheel Speed Sensor
- Magneto Resistive Wheel Speed Sensor
Application
- Commercial Vehicles
- Passenger Cars
End-use
- Automotive Aftermarket
- Automotive OEMs
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Wheel Speed Sensor Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Wheel Speed Sensor Market?

3. What are the technology trends and regulatory frameworks in the Automotive Wheel Speed Sensor Market?

4. What is the market share of the leading vendors in the Automotive Wheel Speed Sensor Market?

5. Which modes and strategic moves are suitable for entering the Automotive Wheel Speed Sensor Market?

Product Code: MRR-1E2F1ED7EBE9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Automotive Wheel Speed Sensor Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising production and sale of automated and connected vehicles globally
  - 5.1.1.2. Increasing awareness of safety and prevalence in the number of road accidents
  - 5.1.1.3. Growing adoption of ABS in passenger vehicles
- 5.1.2. Restraints
  - 5.1.2.1. High cost of installation and maintenance issues with automotive wheel speed sensor
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in automotive wheel speed sensor
  - 5.1.3.2. Favorable government regulations related to passenger safety
- 5.1.4. Challenges
  - 5.1.4.1. Rising presence of counterfeit goods
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing expansion of the hall effect sensors that provide a clean digital signal
- 5.2.2. Application: Rising demand for automotive wheel speed sensors in commercial vehicles that are robust and last over extensive periods
- 5.2.3. End-use: Increasing significance of automotive wheel speed sensors across original equipment manufacturers that involves the installation of wheel speed sensors during the assembly and production of vehicles
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Automotive Wheel Speed Sensor Market, by Type

6.1. Introduction
6.2. Hall Effect Wheel Speed Sensor
6.3. Magneto Resistive Wheel Speed Sensor

7. Automotive Wheel Speed Sensor Market, by Application

7.1. Introduction
7.2. Commercial Vehicles
7.3. Passenger Cars

8. Automotive Wheel Speed Sensor Market, by End-use

8.1. Introduction
8.2. Automotive Aftermarket
8.3. Automotive OEMs

9. Americas Automotive Wheel Speed Sensor Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Wheel Speed Sensor Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Wheel Speed Sensor Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
  - 12.3.1.1. Uno Minda Joins Asentec To Make Wheel-speed Sensors
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. Cerebrum's Launches IoT Tyre Sensor Technology
  - 12.3.2.2. Allegro Announces First-to-Market High-Resolution GMR Wheel Speed and Distance Sensor for ADAS Applications

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Allegro MicroSystems, Inc.
- 13.1.2. Analog Devices, Inc.
- 13.1.3. Continental AG
- 13.1.4. Delphi Group
- 13.1.5. DENSO Corporation
- 13.1.6. ELMOS Semiconductor SE
- 13.1.7. Feddermann & Lankau GmbH
- 13.1.8. Fujikura Europe Ltd
- 13.1.9. HELLA GmbH & Co. KGaA
- 13.1.10. Hitachi, Ltd.
- 13.1.11. Infineon Technologies AG
- 13.1.12. Magna International Inc.
- 13.1.13. Mechatronics Group Pty Ltd
- 13.1.14. Melexis NV
- 13.1.15. NTN Corporation
- 13.1.16. NXP Semiconductors N.V.
- 13.1.17. OPTIMAL Automotive GmbH
- 13.1.18. PEC Australia
- 13.1.19. PROTERIAL, Ltd.
- 13.1.20. Ridex GmbH
- 13.1.21. Robert Bosch GmbH
- 13.1.22. Sensata Technologies, Inc.
- 13.1.23. TE Connectivity Ltd.
- 13.1.24. ZF Friedrichshafen AG
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing