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Automotive Wheel Speed Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive wheel speed sensor market reached a value of US$ 7.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.11 Billion by 2027, exhibiting a CAGR of 3.75% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Sensor Type, Vehicle Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global automotive wheel speed sensor market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive wheel speed sensor market?
  • What are the key regional markets?
  • What is the breakup of the market based on the sensor type?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive wheel speed sensor market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

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$), 2016-2021
Figure 3: Global: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive Wheel Speed Sensor Market: Breakup by Sensor Type (in %), 2021
Figure 5: Global: Automotive Wheel Speed Sensor Market: Breakup by Vehicle Type (in %), 2021
Figure 6: Global: Automotive Wheel Speed Sensor Market: Breakup by Region (in %), 2021
Figure 7: Global: Automotive Wheel Speed Sensor (Active) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Automotive Wheel Speed Sensor (Active) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Automotive Wheel Speed Sensor (Passive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automotive Wheel Speed Sensor (Passive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automotive Wheel Speed Sensor (Passenger Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automotive Wheel Speed Sensor (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automotive Wheel Speed Sensor (Commercial Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automotive Wheel Speed Sensor (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: North America: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: North America: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: United States: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Canada: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Canada: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Asia-Pacific: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Asia-Pacific: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: China: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: China: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Japan: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Japan: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: South Korea: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: South Korea: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Australia: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Australia: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Indonesia: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Indonesia: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Others: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Others: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Europe: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Europe: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Germany: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Germany: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: France: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: France: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United Kingdom: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United Kingdom: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Italy: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Italy: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Spain: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Spain: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Russia: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Russia: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Latin America: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Latin America: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Brazil: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Brazil: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Mexico: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Mexico: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Middle East and Africa: Automotive Wheel Speed Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Middle East and Africa: Automotive Wheel Speed Sensor Market: Breakup by Country (in %), 2021
Figure 63: Middle East and Africa: Automotive Wheel Speed Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Automotive Wheel Speed Sensor Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Wheel Speed Sensor Market Forecast: Breakup by Sensor Type (in Million US$), 2022-2027
Table 3: Global: Automotive Wheel Speed Sensor Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 4: Global: Automotive Wheel Speed Sensor Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Automotive Wheel Speed Sensor Market: Competitive Structure
Table 6: Global: Automotive Wheel Speed Sensor Market: Key Players


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