Automotive Wheel Speed Sensor Market by Application and Geography - 2020

Posted by sarahbennu on March 26th, 2021

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

Technical advancement of wheel speed sensors | Demand for ABS, TCS, or ESP control unit of the vehicle that individually controls the brake | Increasing electrification in vehicles will be one of the major factors driving the growth of this market. Additionally, key Automotive Wheel Speed Sensor Market trends such as the Increasing electrification in vehicles will also influence market growth during the forecast period.

Automotive Wheel Speed Sensor Market Size

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During the forecast period, the Automotive Wheel Speed Sensor Market size will grow by $ 652.09 mn.

Automotive Wheel 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 Wheel Speed Sensor Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Maintenance and repairing cost associated with ABS | Low-profit margins for sensor suppliers and improper tuning of sensors | Sharp decline in automobile production and sales will also challenge the growth of the companies.

Aisin Seiki Co. Ltd. | Aptiv Plc | Continental AG | DENSO Corp. | HELLA GmbH & Co. KGaA | Hitachi Ltd. | Infineon Technologies AG | NXP Semiconductors NV | Robert Bosch GmbH | ZF Friedrichshafen AG.list

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

Automotive Wheel 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 Wheel Speed Sensor Market.

The APAC will account for the largest Automotive Wheel Speed Sensor Market share and during 2020-2024, the region will contribute to 62% of the market’s growth.

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