Speed Sensor Market Size- By Product, By Type, By Application, By Technology- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Speed Sensor Market Overview

According to SPER Market Research, the Global Speed Sensor Market is estimated to reach USD 626.01 billion by 2032 with a CAGR of 9.45%.

The speed sensor market is anticipated to expand due to the surge in demand for vehicle monitoring systems. Also, a considerable increase in global vehicle manufacturing may temper the market for speed sensors' expansion. It is projected that the growth of the automotive industry would be fuelled by the increased use of ABS (Anti-lock braking system) and other electronic systems in vehicles to assure security and safety, as well as to assess vehicle performance for safety and efficiency. Other variables that could speed up industry expansion globally include the spike in car sales and the increasing quantity of technology advancements.

In the upcoming years, demand will also increase as a result of the product's assistance in the identification of collisions and vehicle malfunctions. These devices are employed for a variety of tasks, including 3D mapping and automotive surround sensors, which further gain substantial traction with end customers and support the segment demand. It is envisaged that the most recent developments would result in devices with extremely low power consumption and great precision. Also, it is predicted that the expansion of the market would be fuelled by the spike in industrial applications and the increasing use of UAVs (unmanned aerial vehicles). They have a great deal of potential to improve vehicle comfort and safety while also modifying vehicle safety. It is projected that the advantages provided by these devices will propel the segment's expansion. They provide rotational velocity measurement, air gap measuring, internal signal monitoring, and can withstand extreme temperatures.

Impact of COVID-19 on the Global Speed Sensor Market

The COVID-19 epidemic had a tremendous impact on the global speed sensor market. The automotive and transportation sectors, which are significant end-users of speed sensors, were negatively impacted by the implementation of lockdowns and limitations on the flow of products and persons. As a result, the demand for speed sensors fell, resulting to a fall in manufacturing and supply.

The pandemic also brought to light the need for contactless technologies, which prompted the use of speed sensors in a variety of robotics and automation applications. With the rising focus on social distance, businesses started adopting robots and automated machinery to limit human interaction and improve safety in industrial settings, resulting in an increased need for speed sensors. The e-commerce sector experienced a boom as a result of the pandemic, which increased the need for speed sensors in logistics and warehouse applications like conveyor belt systems, automated storage and retrieval systems, and sorting machines.

Moreover, the implementation of smart city projects and the increasing usage of electric vehicles are likely to fuel the growth of the speed sensor market in the post-pandemic period. The need for speed sensors in electric vehicles is predicted to expand due to their vital function in monitoring and managing the powertrain system.

In conclusion, while the COVID-19 epidemic has significantly damaged the global speed sensor market, the rising adoption of automation, the expansion of e-commerce, and the move towards electric cars are projected to give growth possibilities in future.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Product, By Type, By Application, By Technology.

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered

ABB, BorgWarner Inc., Bosch Sensortec GmbH, Continental AG, HYUNDAI MOBIS, Infineon Technologies AG, NXP Semiconductors, OMRON Corporation, Pepperl+Fuchs, Qualcomm Technologies, Inc., Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric, Semiconductor Components Industries, LLC, Siemens, STMicroelectronics, TE Connectivity, Texas Instruments Incorporated, WABCO, ZF Friedrichshafen AG

Global Speed Sensor Market Segmentation:

By Type: Based on the Type, Global Speed Sensor Market is segmented as; Active Sensor, Bipolar Sensor, Inductive Sensor, Monopolar Sensor

By Product: Based on the Product, Global Speed Sensor Market is segmented as; Wheel Speed Sensor, Speedometer, LIDAR, Ground Speed Radar, Doppler Radar, Pitot Tube

By Application: Based on the Application, Global Speed Sensor Market is segmented as; Body Electronics, Exhaust, Powertrain, Safety & Control, Transmission, Turbocharger, Others

By Technology: Based on the Technology, Global Speed Sensor Market is segmented as; Magneto-resistive, Hall Effect

By Region: The Global Speed Sensor Market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. The largest market shares in the global market were held by North America.

Product Code: SEMI2313

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Speed Sensor Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4.Heat map analysis

6. Competitive Landscape

6.1 Global Speed Sensor Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Speed Sensor Market

7. Global Speed Sensor Market, By Type, 2019-2032 (USD Million)

7.1 Active Sensor
7.2 Bipolar Sensor,
7.3 Inductive Sensor,
7.4 Monopolar Sensor,

8. Global Speed Sensor Market, By Product, 2019-2032 (USD Million)

8.1 Wheel Speed Sensor
8.2 Speedometer
8.3 LIDAR
8.4 Ground Speed Radar
8.5 Doppler Radar
8.6 Pitot Tube

9. Global Speed Sensor Market, By Application, 2019-2032 (USD Million)

9.1 Body Electronics
9.2 Exhaust
9.3 Powertrain
9.4 Safety & Control
9.5 Transmission
9.6 Turbocharger
9.7 Others

10. Global Speed Sensor Market, By Technology, 2019-2032 (USD Million)

10.1 Magneto-resistive
10.2 Hall Effect

11. Global Speed Sensor Market, By Region, 2019-2032 (USD Million)

11.1 Global Speed Sensor Market Size and Market Share by Region (2019-2025)
11.2 Global Speed Sensor Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America

12.Company Profiles

12.1 ABB
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
12.2 BorgWarner Inc
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
12.3 Bosch Sensortec GmbH
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
12.4 Continental AG
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
12.5 HYUNDAI MOBIS
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
12.6 Infineon Technologies AG
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
12.7 NXP Semiconductors
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
12.8 OMORON Corporation
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
12.9 Pepperl+ Fuchs
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
12.10 Qualcomm Technologies, Inc
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments
12.11 Robert Bosch GmbH
- 12.11.1 Company details
- 12.11.2 Financial outlook
- 12.11.3 Product summary
- 12.11.4 Recent development
12.12 Rockwell Automation Inc.
- 12.12.1 Company details
- 12.12.2 Financial outlook
- 12.12.3 Product summary
- 12.12.4 Recent developments
12.13 Schneider Electric
- 12.13.1 Company details
- 12.13.2 Financial outlook
- 12.13.3 Product summary
- 12.13.4 Recent developments
12.14 Semiconductor Components Industries, LLC
- 12.14.1 Company details
- 12.14.2 Financial outlook
- 12.14.3 Product summary
- 12.14.4 Recent developments
12.15 Siemens
- 12.15.1 Company details
- 12.15.2 Financial outlook
- 12.15.3 Product summary
- 12.15.4 Recent developments3
12.16 STMicroelectronics
- 12.16.1 Company details
- 12.16.2 Financial outlook
- 12.16.3 Product summary
- 12.16.4 Recent developments
12.17 TE Connectivity
- 12.17.1 Company details
- 12.17.2 Financial outlook
- 12.17.3 Product summary
- 12.17.4 Recent developments
12.18 Texas Instruments Incorporated
- 12.18.1 Company details
- 12.18.2 Financial outlook
- 12.18.3 Product summary
- 12.18.4 Recent developments
12.19 WABCO
- 12.19.1 Company details
- 12.19.2 Financial outlook
- 12.19.3 Product summary
- 12.19.4 Recent developments
12.20 ZF Friedrichshafen AG
- 12.20.1 Company details
- 12.20.2 Financial outlook
- 12.20.3 Product summary
- 12.20.4 Recent developments