Automotive Speed Sensor Market by Application and Geography - Forecast 2020

Posted by sarahbennu on March 16th, 2021

Automotive Speed Sensor Market will register a CAGR of % during 2020-2024. The market’s growth momentum will Accelerate.

increased adoption of electronics in modern vehicles will be one of the major factors driving the growth of this market. Additionally, key Automotive Speed Sensor Market trends such as the emergence of wireless speed sensors will also influence market growth during the forecast period.

Automotive Speed Sensor Market Size

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During the forecast period, the Automotive Speed Sensor Market size will grow by $ 119.55 mn.

Automotive Speed Sensor Market : Vendors

The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Automotive Speed Sensor Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the low profitability for sensor suppliers may impact their working capital will also challenge the growth of the companies.

BorgWarner Inc. | Continental AG | DENSO Corp. | Hella GmbH & Co. KGaA | Infineon Technologies AG | NXP Semiconductors NV | Robert Bosch GmbH | TE Connectivity Ltd. | Valeo SA | ZF Friedrichshafen AG.list

are some of the companies covered in Technavio’s Automotive Speed Sensor Market report for 2020-2024.

Automotive Speed Sensor Market : Region-level Analysis

The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Automotive Speed Sensor Market.

The APAC will account for the largest Automotive Speed Sensor Market share and during 2020-2024, the region will contribute to 108% of the market’s growth.

In addition to regions and the key companies involved, Technavio’s Automotive Speed Sensor Market report also analyzes the market by Passenger cars | Commercial vehicles | APAC | Europe | North America | South America | MEA.comma