Speed Sensor Market Share, Growth, Trends and Forecast to 2026 | SICK AG, Petasense, Allegro MicroSystems, Inc., Robert Bosch GmbH,

The global speed sensor market is estimated to grow steadily supported by robust product adoption in consumer electronics devices and smart home appliances. Integration of IoT technology into smart home items for remotely controlling the speed of several consumer electronics devices is likely to propel the demand for speed sensors.

Speed sensors are extensively incorporated into high power rotating appliances like electric fans, washing machines, HVAC systems, and mixers for measuring the rotational speed of shafts, motors, and gears in devices. These sensors help device manufacturers to offer low-noise features, energy efficiency, as well as optimized system costs in smart home appliances.

Strict government rules that mandate ADAS systems in upcoming vehicles could drive speed sensor adoption. Speed sensors are integrated into ADAS systems including automatic emergency braking, adaptive cruise control, and electronic stability control.

Get sample copy of Speed Sensor Market research report @ https://www.gminsights.com/request-sample/detail/5020

Top Key Players Are : SICK AG, Petasense, Allegro MicroSystems, Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Infineon Technologies AG, Sensoronix, Inc., TE Connectivity, Inc., SPECTEC, and Sensor Solutions Corporation, among others

With respect to type, the Speed Sensor Market for variable reluctance speed sensors held around 12% share in 2020 and is expected to rise significantly over the forecast timeframe owing to various high-end features offered by these sensors, such as temperature stability, high performance, accuracy, and suitability for industrial and automotive applications. Variable reluctance speed sensors are able to sense rotating ferrous metal targets and are suited for operating in different environmental conditions.

In terms of application, the aerospace & defense sector accounted for around 11.5% market share in 2020 and is likely to record a 3.5% CAGR over the coming years. This can be credited to increasing usage of speed sensors in drones, UAVs, and aircrafts. These sensors are used for mapping the rotational speed of rotating blades, transmission units, and engine shaft. Many government bodies and institutes are developing advanced speed sensors for space applications.

Geographically speaking, the Europe speed sensor market is projected to register a CAGR of 4% owing to the presence of key automotive OEMs such as Daimler AG, Audi, PSA Group, and BMW Group. These companies are developing advanced automotive safety systems like ADAS and self-driving cars. Supportive investment schemes are also being set up by regional institutes to augment the region’s automotive sector.
Request for Customization of Speed Sensor Market report @ https://www.gminsights.com/roc/5020

Table Of Content:
Chapter 5 Speed Sensor Market, By Type (Revenue, Shipment)
5.1 Key trends, by type
5.2 Hall effect
5.2.1 Market estimates and forecast, 2016 - 2027
5.3 Magneto resistive
5.3.1 Market estimates and forecast, 2016 - 2027
5.4 Variable reluctance (VR)
5.4.1 Market estimates and forecast, 2016 - 2027
5.5 Others
5.5.1 Market estimates and forecast, 2016 - 2027
Chapter 6 Speed Sensor Industry, By Application (Revenue, Shipment)
6.1 Key trends, by application
6.2 Automotive
6.2.1 Market estimates and forecast, 2016 - 2027
6.3 Industrial
6.3.1 Market estimates and forecast, 2016 - 2027
6.4 Aerospace & defense
6.4.1 Market estimates and forecast, 2016 - 2027
6.5 Consumer electronics
6.5.1 Market estimates and forecast, 2016 - 2027
6.6 Others
6.6.1 Market estimates and forecast, 2016 - 2027

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/speed-sensor-market

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.