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Report
Automotive Wheel Speed Sensor Market Report by Sensor Type (Active, Passive), Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
The global automotive wheel speed sensor market size reached US$ 7.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.
An automotive wheel speed sensor (WSS), also known as a vehicle speed sensor (VSS), measures the speed of the wheels and the direction of rotation of cars. It provides input to different automotive systems, including the anti-lock brake system (ABS) and electronic stability control (ESC) using electrical signals. It is installed directly above the pulse wheel, which is connected to the wheel hub or the driveshaft. It helps ensure proper driving dynamics, lower fuel consumption, and reduce gas emissions. At present, the automotive WSS finds extensive applications in passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) across the globe.
Automotive Wheel Speed Sensor Market Trends:
The increasing utilization of electric vehicles (EVs), in confluence with significant growth in the automotive sector, represents one of the key factors creating a positive outlook for the market. Moreover, the rising road traffic presents numerous challenges to the drivers, and consequently, there is a rise in the adoption of advanced driver assistance systems (ADAS) that optimize safety on the road. Automotive WSS is used in ADAS systems, such as ABS, traction control systems (TCS), adaptive cruise control (ACC), and motor control units (MCU), to determine the wheel speed. Besides this, the optimal interaction of these electronic systems ensures the fault-free function of the vehicle and improves traffic security. Apart from this, governing authorities of numerous countries are mandating the integration of ABS in automotive vehicles, which is facilitating the growth of the market. Other factors, such as the increasing sales of passenger cars around the world and rising improvements in the performance, materials, mechanics, engines and fuels, aerodynamics, and autonomous control in automotive vehicles, are projected to stimulate the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive wheel speed sensor market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on sensor type and vehicle type.
Breakup by Sensor Type:
Active
Passive
Breakup by Vehicle Type:
Passenger Vehicle
Commercial Vehicle
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BorgWarner Inc., Continental AG, DENSO Corporation, FTE automotive GmbH (Valeo), Hella KGaA Hueck & Co. (Faurecia SE), Hitachi Metals Ltd. (Hitachi Ltd.), KA Sensors Ltd., NTN-SNR Roulements S.A. (NTN Corporation), Robert Bosch GmbH, TE Connectivity and ZF Friedrichshafen AG.
Key Questions Answered in This Report
1. What was the size of the global automotive wheel speed sensor market in 2023?
2. What is the expected growth rate of the global automotive wheel speed sensor market during 2024-2032?
3. What are the key factors driving the global automotive wheel speed sensor market?
4. What has been the impact of COVID-19 on the global automotive wheel speed sensor market?
5. What is the breakup of the global automotive wheel speed sensor market based on the sensor type?
6. What is the breakup of the global automotive wheel speed sensor market based on the vehicle type?
7. What are the key regions in the global automotive wheel speed sensor market?
8. Who are the key players/companies in the global automotive wheel speed sensor market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Wheel Speed Sensor Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Sensor Type
6.1 Active
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Passive
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Passenger Vehicle
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Commercial Vehicle
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 BorgWarner Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Continental AG
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 DENSO Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 FTE automotive GmbH (Valeo)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Hella KGaA Hueck & Co. (Faurecia SE)
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 Hitachi Metals Ltd. (Hitachi Ltd.)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 KA Sensors Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 NTN-SNR Roulements S.A. (NTN Corporation)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Robert Bosch GmbH
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 SWOT Analysis
13.3.10 TE Connectivity
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 ZF Friedrichshafen AG
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 SWOT Analysis
Figure 1: Global: Automotive Wheel Speed Sensor Market: Major Drivers and Challenges
Figure 2: Global: Automotive Wheel Speed Sensor Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Automotive Wheel Speed Sensor Market: Breakup by Sensor Type (in %), 2023
Figure 5: Global: Automotive Wheel Speed Sensor Market: Breakup by Vehicle Type (in %), 2023
Figure 6: Global: Automotive Wheel Speed Sensor Market: Breakup by Region (in %), 2023
Figure 7: Global: Automotive Wheel Speed Sensor (Active) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Automotive Wheel Speed Sensor (Active) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Automotive Wheel Speed Sensor (Passive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Automotive Wheel Speed Sensor (Passive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Automotive Wheel Speed Sensor (Passenger Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Automotive Wheel Speed Sensor (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Automotive Wheel Speed Sensor (Commercial Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Automotive Wheel Speed Sensor (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: North America: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: North America: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: United States: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: United States: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Canada: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Canada: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Asia-Pacific: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Asia-Pacific: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: China: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: China: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Japan: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Japan: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: India: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: India: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: South Korea: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: South Korea: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Australia: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Australia: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Indonesia: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Indonesia: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Others: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Others: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Europe: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Europe: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Germany: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Germany: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: France: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: France: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United Kingdom: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United Kingdom: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Italy: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Italy: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Spain: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Spain: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Russia: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Russia: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Latin America: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Latin America: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Brazil: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Brazil: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Mexico: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Mexico: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Middle East and Africa: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Middle East and Africa: Automotive Wheel Speed Sensor Market: Breakup by Country (in %), 2023
Figure 63: Middle East and Africa: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Global: Automotive Wheel Speed Sensor Industry: SWOT Analysis
Figure 65: Global: Automotive Wheel Speed Sensor Industry: Value Chain Analysis
Figure 66: Global: Automotive Wheel Speed Sensor Industry: Porter's Five Forces Analysis
Table 1: Global: Automotive Wheel Speed Sensor Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Automotive Wheel Speed Sensor Market Forecast: Breakup by Sensor Type (in Million US$), 2024-2032
Table 3: Global: Automotive Wheel Speed Sensor Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 4: Global: Automotive Wheel Speed Sensor Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Automotive Wheel Speed Sensor Market: Competitive Structure
Table 6: Global: Automotive Wheel Speed Sensor Market: Key Players
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