openPR Logo
Press release

Automotive Wheel Speed Sensor Market : Key Innovations & Developments, Changing Market Trends and Opportunity Analysis By 2025

09-26-2023 01:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Automotive Wheel Speed Sensor Market

Automotive Wheel Speed Sensor Market

According to a recent report published by Allied Market Research, titled,"Automotive wheel speed sensor market by Sensor Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global automotive wheel speed sensor market size was valued at $6,400.0 million in 2017, and is projected to reach $8,475.4 million by 2025, registering a CAGR of 3.6% from 2018 to 2025. The active segment was the highest contributor to the market, with $4,611.2 million in 2017, and is estimated to reach $6,003.5 million by 2025, at a CAGR of 3.4% during the forecast period.

At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global automotive wheel speed sensor market in 2017, whereas India is expected to grow at a significant rate in Asia-Pacific during the forecast period.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ- https://www.alliedmarketresearch.com/request-sample/5217

Increase in adoption of anti-locking braking system for vehicles, rise in concern of consumer toward safety & security features, and governments legislation to mandate the ABS system in cars are the main factors that boost the growth of the automotive wheel speed sensor industry. In addition, growth in production and sales of vehicles in developing countries of Asia-Pacific is mainly characterized fuel the growth of the automotive wheel speed sensor market. The automotive wheel speed sensor market share largely is directly related to the advancement and expansion of the ABS system.

The automotive wheel speed sensor market analysis is totally depend on the type & material used for its construction. Moreover, automobile companies focus on the innovations of speed sensor type of material. On April 2017, the original equipment manufacturer, Bosch successfully launched its Wheel Speed Sensor (also known as ABS Speed Sensor) program in the U.S. IAM. In addition, Continental Teves, the brake and chassis unit of Continental AG, has built a new 25,000 square foot, $US20 million wheel speed sensor plant in Silao, Mexico. This wheel speed sensors manufactured at Silao are used by the company's electronic brake systems plant in Morganton, North Carolina.

Technological advancements and growth in vehicle standards contribute toward the growth of the automotive wheel speed sensor market in Europe. Moreover, increase in sales of wheel loaders vehicles promoted the growth of advanced ABS system in Europe. High disposable income and rise in prevalence of vehicle standards drive the growth of the market specifically in European countries.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/automotive-wheel-speed-sensor-market/purchase-options

The automotive environment is changing at a rapid pace due to globalization. The increase in automotive sales has been caused due to the improvement in manufacturing facilities in most of the emerging countries such as China, India, and Brazil. The global automotive wheel speed sensor market opportunity has created the due to sectors promise of better productivity and sales as this sector consists of different segment such as premium and four wheelers, which in turn drives excellent profitability. This factor majorly influences prominent players of automotive sector to invest and expand the business through different segments to gain better profitability. Also, increase in disposable income of consumers and surge in passenger vehicles sale across the globe fuel the rise in demand for automotive vehicle. Developing countries such as India, China, and Brazil are the most promising countries for the automotive sector. The increase in demand for vehicles in automotive sector fuels the growth of the fabric market. In recent years, consumers have shifted their interest to technologically advanced requiring low cost and maintenance vehicles that has number of interior applications. This in turn increases the overall use of fabric in vehicle. Thus, such rise in the sales of automotive vehicles due to their advanced features is expected to create numerous opportunities for automotive wheel speed sensor market share expansion.

The automotive market is positively affected by safety regulations implemented by government for installation of airbags, seat belts, and anti-lock braking systems (ABS) in every vehicle. Europe and North America have been witnessed to follow these regulations more stringently as compared to Asia-Pacific and rest of the world. However, in developing countries, OEMs are providing airbags and anti-lock braking system (ABS) as standard features in vehicles, supporting the government to improve safety measures. This in turn increases the use of wheel speed sensors needed for in-vehicle safety features. Also, government of India is planning to set up its own safety authority Bharat National Car Assessment Programme (NCAP) that rates vehicle based on safety features used inside the car. Such initiatives from various governments create awareness about the safety features that directly boost the automotive wheel speed sensor market growth.

Furthermore, UK-based Elta started offering anti-lock braking system (ABS) sensors that prevents skidding and loss of control under harsh braking. This company delivers a range of ABS sensor as a part of VXPRO and Xevo brand programmes. The study presents analytical depiction of the automotive wheel speed sensor market analysis along with the current trends and future estimations to depict the imminent investment pockets. Furthermore, the current automotive wheel speed sensor market size is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  - https://www.alliedmarketresearch.com/purchase-enquiry/5217

Key Findings of the Automotive wheel speed sensor market:
In 2017, based on sensor type, the active segment generated the highest revenue.
In 2017, based on vehicle type, the passenger car segment was the highest revenue contributor.
In 2017, based on region, Asia-Pacific contributed the highest market revenue, followed by Europe, North America, and LAMEA.
The key players analyzed in this report are Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, ZF Friedrichshafen AG, DENSO CORPORATION, Hitachi Metals, Ltd., Melexis, NTN-SNR, NXP Semiconductors, and WABCO.

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.comโ€ฏ
Web:โ€ฏwww.alliedmarketresearch.comโ€ฏ
Allied Market Research Blog:โ€ฏhttps://blog.alliedmarketresearch.comโ€ฏ

Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Wheel Speed Sensor Market : Key Innovations & Developments, Changing Market Trends and Opportunity Analysis By 2025 here

News-ID: 3224827 • Views: โ€ฆ

More Releases from Allied Market Research

3D Printing Filament Market Comprehensive Growth Outlook and Trend Analysis, 2024-2031
3D Printing Filament Market Comprehensive Growth Outlook and Trend Analysis, 202 โ€ฆ
According to the report, the global 3D printing filament market was valued at $0.9 billion in 2023 and is projected to reach $2.3 billion by 2031, registering a CAGR of 12.8% from 2024 to 2031. Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/3d-printing-filament-market-A11572 Key Growth Drivers: The growth of the 3D printing filament market is fueled by continuous advancements in filament materials-such as carbon fiber-reinforced composites, metal-infused filaments, and high-performance engineering plastics. These innovationsโ€ฆ
Wet Chemicals Market Detailed Analysis, Growth Trends, and Future Outlook 2025-2031
Wet Chemicals Market Detailed Analysis, Growth Trends, and Future Outlook 2025-2 โ€ฆ
According to a recent report by Allied Market Research (AMR), the global wet chemicals market is poised for substantial growth, projected to reach a value of $5.9 billion by 2031, up from $3.2 billion in 2021. This comprehensive analysis explores market dynamics, growth drivers, and strategic initiatives while highlighting key opportunities across regions and industry segments. Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A17425 The study delves into development trends, investment frameworks, andโ€ฆ
Nonwoven Fabrics Market Outlook to 2033 Projected High CAGR and Growth Opportunities
Nonwoven Fabrics Market Outlook to 2033 Projected High CAGR and Growth Opportuni โ€ฆ
A new report titled "Nonwoven Fabrics Market by Polymer Type (Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), Wood Pulp, Rayon, and Others), Function (Disposables and Durables), Technology (Spunbond, Dry Laid, Air Laid, Wet Laid, Meltblown, and Others), and Application (Hygiene, Wipes, Medical, Filtration, Automotive, Building & Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033" has been released by Allied Market Research. Key Highlights: - Market Size (2023): $58.4 Billion - Projectedโ€ฆ
Utilities Asset Management Market Poised for 11.3% CAGR Growth, Key Players, Market Size, Share, and Emerging Trends through 2031
Utilities Asset Management Market Poised for 11.3% CAGR Growth, Key Players, Mar โ€ฆ
According to the report published by Allied Market Research, the global utilities asset management market generated $4.3 billion in 2021, and is projected to reach $12.4 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape.โ€ฆ

All 5 Releases


More Releases for ABS

Tactical Abs Toner Reviews 2023: Read This Tactical Abs Toner Review Before Buyi โ€ฆ
Tactical Abs Toner" is an advanced muscle stimulator which developed using EMS technology. It brings military grade precision engineering and technology to fat burning and muscle building. How Electrical Muscle Simulation (EMS) can help in losing weight Electrical Muscle Stimulation (EMS) has emerged as a weight loss tool in the last couple of years and many people have selected it as the easiest way to lose their body fat and to enhanceโ€ฆ
Tactical X Abs Stimulator Reviews - Does Tactical X Abs Stimulator Work? What Th โ€ฆ
The Tactical X Abs Muscle Stimulator is an innovative fitness device designed to help individuals achieve a well-defined and toned set of abdominal muscles. In today's fast-paced world, where people strive to look and feel their best, this cutting-edge product aims to provide an effective and convenient solution for enhancing abdominal strength and appearance. Utilizing Electrical Muscle Stimulation (EMS) technology, the Tactical X Abs Muscle Stimulator delivers low-voltage electrical impulses toโ€ฆ
Tactical abs stimulator Review:Does this Abs simulator really works?
Introducing the Tactical Abs Stimulator, a cutting-edge fitness device that is poised to revolutionise abdominal training. Designed with advanced technology and innovative features, this stimulator offers a new and efficient way to develop strong, toned abs. If you've been looking for an effective solution to enhance your abdominal muscles without spending hours at the gym, this device might be just what you need. By harnessing the power of Electrical Muscleโ€ฆ
Tactical Abs Toner Review 2023 (Tactical Abs Toner Must Read!) : Shocking Price โ€ฆ
Everyone wants to look and feel their best in today's hectic environment. Your general fitness and health are improved as well as your appearance when you have a strong, well-defined set of abdominal muscles. Even if they spend a lot of time at the gym and adhere to rigorous diets, many people struggle to get the results they want. The Tactical Abs Toner can help with that. With the helpโ€ฆ
Global Extruded ABS Market Size, by Type (Four-channel, four-sensor ABS, Three-c โ€ฆ
Global Extruded ABS Market research report provides complete intelligence about the global Extruded ABS industry, including market growth factors and prominent competitors in the market. The report also enfolds insightful analysis of competition intensity, segments, environment, trade regulations, and product innovations to render deep comprehension of the complete Extruded ABS market structure. Recent developments, technology diffusion, and important events of the market are also examined in this report. Get Sample Copyโ€ฆ
Europe ABS Plastic Market Report 2017
This report studies sales (consumption) of ABS Plastic in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering BASF GE Plastics Kumho Chemical Mitsubishi Chemical Techno Polymer Mitsui Chemicals Sumitomo Dow Benelux RenqiuXingda Market Segment by Countries, this report splits Europe into several key Countries, with sales (consumption), revenue, market share and growth rate of ABSโ€ฆ