Global Automotive Wheel Speed Sensor Market 2020-2024

Global Automotive Wheel Speed Sensor Market 2020-2024

The publisher has been monitoring the automotive wheel speed sensor market and it is poised to grow by $ 652.09 mn during 2020-2024, progressing at a CAGR of 2% during the forecast period. The reports on the automotive wheel speed sensor market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the technical advancement of wheel speed sensors, demand for ABS, TCS, or ESP control unit of the vehicle that individually controls the brake, and increasing electrification in vehicles. In addition, the technical advancement of wheel speed sensors is anticipated to boost the growth of the market as well.

The automotive wheel speed sensor market analysis includes application segment and geographical landscapes.

The automotive wheel speed sensor market is segmented as below:

By Application

• Passenger cars
• Commercial vehicles

By Geographical Landscapes

• APAC
• Europe
• North America
• South America
• MEA

This study identifies increasing electrification in vehicles as one of the prime reasons driving the automotive wheel speed sensor market growth during the next few years. The increasing electrification in vehicles will lead to sizable demand in the market.

The automotive wheel speed sensor market report covers the following areas:

• Automotive wheel speed sensor market sizing
• Automotive wheel speed sensor market forecast
• Automotive wheel speed sensor market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive wheel speed sensor market vendors that include Aisin Seiki Co. Ltd., Aptiv Plc, Continental AG, DENSO Corp., HELLA GmbH & Co. KGaA, Hitachi Ltd., Infineon Technologies AG, NXP Semiconductors NV, Robert Bosch GmbH, and ZF Friedrichshafen AG. Also, the automotive wheel speed sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.