Car Wheel Speed Sensor Market Scope
Wheel speed sensors also are known as wheel sensors they detect the speed of the wheels and supply the information to the ABS or ESP control unit in the form of an electrical signal. The latest wheel sensors are also able to sense the direction of spin of the wheels. The sensor measures road-wheel speed as well as direction. The information is used for anti-lock brake (ABS), traction control (TCS) or vehicle stability (ASP) system ECUs to avoid wheels from locking or rotating which increases the driver’s control of the vehicle. There are two basic types of wheel speed sensors, passive and active.
The market study is being classified by Type (Active Sensor [Active Hall Effect Sensor, Magnetic Encoder Seal on Wheel Bearing, Active Magneto-Resistive Sensors] and Passive Sensor), by Application (Economic Cars, Mid-Sized Cars and Luxury Cars) and major geographies with country level break-up.
Research Analyst at AMA predicts that German Players will contribute to the maximum growth of Global Car Wheel Speed Sensor market throughout the predicted period.
Robert Bosch GmbH (Germany), Hella KGaA Hueck & Co. (Germany), Continental AG (Germany), Hyundai Mobis (South Korea), ZF TRW Automotive Holdings Corp (United States), Aisin Seiki (Japan), Delphi Technologies (United Kingdom), WABCO Vehicle Control Systems (Belgium), Knorr-Bremse (Germany), Mando Hella Electronics Automotive India Pvt Ltd (India), Hitachi Metals, Ltd (Japan) and NTN-SNR Roulements SA (France) are some of the key players profiled in the study.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Car Wheel Speed Sensor market by Type, Application and Region.
On the basis of geography, the market of Car Wheel Speed Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On January 28, 2020 - BorgWarner Inc. and Delphi Technologies PLC announced that they have entered into a definitive transaction agreement under which BorgWarner will acquire Delphi Technologies. The acquisition would strengthen BorgWarner’s power electronics products, capabilities and scale. and On January 9, 2020 - The joint venture HELLA BHAP Electronics has started production. Together with numerous high-ranking guests and customer representatives, the new electronics plant in the Chinese city of Zhenjiang has now been officially commissioned.
On November 14, 2019 - Hyundai Mobis announced that it has developed a new rear-autonomous emergency braking (R-AEB) technology using ultra short-range radar (USRR) for the first time in the world. The new technology is expected to greatly contribute to preventing unexpected backover crashes since it responds faster has a wider detection range than conventional ultrasound sensors.
Market Trend
- Introduction of Self-Driving Vehicles
- Growing Consumer Demand for Safety and Comfort
- Technological Advancement in Sensors in Terms of Accuracy
Market Drivers
- The increasing complexity of road traffic makes great demand for a car wheel sensor. The modern driver assistance systems which include ABS, TCS, ESP or ACC, motor control units are part of the standard equipment in almost all new cars. The system of electronic vehicles is supported by sensors. In relation to driving safety, wheel speed sensors are important and are used in several applications in various vehicle systems.
Opportunities
- Growing Emphasizing by Government to Make the ABS Mandatory in Vehicles and Rise in Automotive
Restraints
- High Cost of Automotive Vehicles Embedded with ABS Sensors
- Immature Aftermarket for Vehicle Speed Sensor
Challenges
- Complexity Due to Number of Components Used
Key Target Audience
Manufacturers of Car Wheel Speed Sensor, Suppliers of Car Wheel Speed Sensor, Wholesalers, Distributors and Retailers of Car Wheel Speed Sensor, Automobile Industry, Raw Material Supplier and Governmental Bodies
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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