Global Electric Vehicle Wheel Speed Sensor Market Overview:
Electric vehicle wheel speed sensors are an integral part of brake control systems. It is also called ABS sensors. The sensor sees brakes are locked up and sends a signal to the ABS module of the vehicle. This type of sensor is used in vehicles to detect the rotational wheel speed using a non-contacting measurement principle. It provides comfort and safety to the electrical vehicle by ensuring fault-free functioning of brake control systems and improves traffic safety.
Growth Drivers
- Emerging Need for Electric Mobility in The Countries
- Growing Demand for Comfort and Safety Features in The Electric Vehicle
Roadblocks
- High Cost of Electrical Vehicle Hindering the Electric Vehicle Wheel Speed Sensor Market
Opportunities
- Increasing Number of Electrical Vehicle Manufacture in The Developing Countries Creating Enormous Opportunities for Electric Vehicle Wheel Speed Sensor Market
Challenges
- High Cost of Raw Material Hindering the Electric Vehicle Wheel Speed Sensor Market
- Stiff Competition in the Electric Vehicle Wheel Speed Sensor Market with the Presence of Various Players
Competitive Landscape:
The global electric vehicle wheel speed sensor market fragmented with the presence of various players. Companies offer comfort and safe solution for brake control systems of electrical vehicles. Many players use technology like hall technology for the better signal amplifier and signal processing in single-chip within in speed sensor circuit. Companies investing in the enhancement of technology in the electric vehicle wheel speed sensor market.
Some of the key players profiled in the report are Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Continental AG (Germany), DENSO CORPORATION.( Japan), Elmos Semiconductor SE (Germany), Analog Devices, Inc. (United States), Sensata Technologies, Inc. (United States), Allegro MicroSystems, Inc. (United States), Aptiv. (Ireland), HELLA GmbH & Co. KGaA (Germany), KYOCERA AVX Components Corporation. (United States) and Forciot (Finland). Considering Market by Distribution Channel, the sub-segment i.e. OEM will boost the Electric Vehicle Wheel Speed Sensor market. Considering Market by Material, the sub-segment i.e. Aluminum will boost the Electric Vehicle Wheel Speed Sensor market.
On September 02, 2021, Gentherm, a global market leader and developer of innovative thermal management technologies, announced that it has invested in Forciot, a Finnish-based technology developer of sensors for touch, motion, and force measurement. and On July 07, 2021, Allegro MicroSystems, Inc., a global leader in sensing and power solutions for motion control and energy-efficient systems, has introduced a new, state-of-the-art giant magnetoresistance (GMR) speed sensor that measures the rotation of ferromagnetic gears. The ATS19480 speed sensor IC provides a single-channel solution that’s ideal for hybrid and pure electric vehicle transmissions, with use cases extending to two-wheelers, off-road vehicles, and industrial application designs requiring speed-only information
What Can be Explored with the Electric Vehicle Wheel Speed Sensor Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Vehicle Wheel Speed Sensor Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Vehicle Wheel Speed Sensor
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Vehicle Wheel Speed Sensor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Vehicle Wheel Speed Sensor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electric Vehicle Wheel Speed Sensor Manufacturers, Electric Vehicle Wheel Speed Sensor International Traders, Electric Vehicle Wheel Speed Sensor Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.