Global Speed Sensor Market Overview
According to SPER Market Research, the Global Speed Sensor Market is estimated to reach USD 626.01 billion by 2032 with a CAGR of 9.45%.
The speed sensor market is anticipated to expand due to the surge in demand for vehicle monitoring systems. Also, a considerable increase in global vehicle manufacturing may temper the market for speed sensors' expansion. It is projected that the growth of the automotive industry would be fuelled by the increased use of ABS (Anti-lock braking system) and other electronic systems in vehicles to assure security and safety, as well as to assess vehicle performance for safety and efficiency. Other variables that could speed up industry expansion globally include the spike in car sales and the increasing quantity of technology advancements.
In the upcoming years, demand will also increase as a result of the product's assistance in the identification of collisions and vehicle malfunctions. These devices are employed for a variety of tasks, including 3D mapping and automotive surround sensors, which further gain substantial traction with end customers and support the segment demand. It is envisaged that the most recent developments would result in devices with extremely low power consumption and great precision. Also, it is predicted that the expansion of the market would be fuelled by the spike in industrial applications and the increasing use of UAVs (unmanned aerial vehicles). They have a great deal of potential to improve vehicle comfort and safety while also modifying vehicle safety. It is projected that the advantages provided by these devices will propel the segment's expansion. They provide rotational velocity measurement, air gap measuring, internal signal monitoring, and can withstand extreme temperatures.
Impact of COVID-19 on the Global Speed Sensor Market
The COVID-19 epidemic had a tremendous impact on the global speed sensor market. The automotive and transportation sectors, which are significant end-users of speed sensors, were negatively impacted by the implementation of lockdowns and limitations on the flow of products and persons. As a result, the demand for speed sensors fell, resulting to a fall in manufacturing and supply.
The pandemic also brought to light the need for contactless technologies, which prompted the use of speed sensors in a variety of robotics and automation applications. With the rising focus on social distance, businesses started adopting robots and automated machinery to limit human interaction and improve safety in industrial settings, resulting in an increased need for speed sensors. The e-commerce sector experienced a boom as a result of the pandemic, which increased the need for speed sensors in logistics and warehouse applications like conveyor belt systems, automated storage and retrieval systems, and sorting machines.
Moreover, the implementation of smart city projects and the increasing usage of electric vehicles are likely to fuel the growth of the speed sensor market in the post-pandemic period. The need for speed sensors in electric vehicles is predicted to expand due to their vital function in monitoring and managing the powertrain system.
In conclusion, while the COVID-19 epidemic has significantly damaged the global speed sensor market, the rising adoption of automation, the expansion of e-commerce, and the move towards electric cars are projected to give growth possibilities in future.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Type, By Application, By Technology.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | ABB, BorgWarner Inc., Bosch Sensortec GmbH, Continental AG, HYUNDAI MOBIS, Infineon Technologies AG, NXP Semiconductors, OMRON Corporation, Pepperl+Fuchs, Qualcomm Technologies, Inc., Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric, Semiconductor Components Industries, LLC, Siemens, STMicroelectronics, TE Connectivity, Texas Instruments Incorporated, WABCO, ZF Friedrichshafen AG
|
Target Audience:
- Manufacturers and suppliers of speed sensors
- Automotive industry
- Aerospace and defense industry
- Consumer electronics industry
- Industrial machinery industry
Global Speed Sensor Market Segmentation:
1. By Type:
- Active Sensor
- Bipolar Sensor,
- Inductive Sensor,
- Monopolar Sensor,
2. By Product:
- Wheel Speed Sensor
- Speedometer
- LIDAR
- Ground Speed Radar
- Doppler Radar
- Pitot Tube
3. By Application:
- Body Electronics
- Exhaust
- Powertrain
- Safety & Control
- Transmission
- Turbocharger
4. By Technology:
- Magneto-resistive
- Hall Effect
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Speed Sensor Market (FY’2019-FY’2032)
- Overview of Global Speed Sensor Market
- Segmentation of Global Speed Sensor Market By Type (Active Sensor, Bipolar Sensor, Inductive Sensor, Monopolar Sensor)
- Segmentation of Global Speed Sensor Market By Product (Wheel Speed Sensor, Speedometer, LIDAR, Ground Speed Radar, Doppler Radar, Pitot Tube)
- Segmentation of Global Speed Sensor Market By Application (Body Electronics, Exhaust, Powertrain, Safety & Control, Transmission, Turbocharger, Others)
- Segmentation of Global Speed Sensor Market By Technology (Magneto-resistive, Hall Effect)
- Statistical Snap of Global Speed Sensor Market
- Growth Analysis of Global Speed Sensor Market
- Problems and Challenges in Global Speed Sensor Market
- Competitive Landscape in the Global Speed Sensor Market
- Impact of COVID-19 and Demonetization on Global Speed Sensor Market
- Details on Recent Investment in Global Speed Sensor Market
- Competitive Analysis of Global Speed Sensor Market
- Major Players in the Global Speed Sensor Market
- SWOT Analysis of Global Speed Sensor Market
- Global Speed Sensor Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Speed Sensor Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Competitive Landscape
6.1 Global Speed Sensor Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Speed Sensor Market
7. Global Speed Sensor Market, By Type, 2019-2032 (USD Million)
7.1 Active Sensor
7.2 Bipolar Sensor,
7.3 Inductive Sensor,
7.4 Monopolar Sensor,
8. Global Speed Sensor Market, By Product, 2019-2032 (USD Million)
8.1 Wheel Speed Sensor
8.2 Speedometer
8.3 LIDAR
8.4 Ground Speed Radar
8.5 Doppler Radar
8.6 Pitot Tube
9. Global Speed Sensor Market, By Application, 2019-2032 (USD Million)
9.1 Body Electronics
9.2 Exhaust
9.3 Powertrain
9.4 Safety & Control
9.5 Transmission
9.6 Turbocharger
9.7 Others
10. Global Speed Sensor Market, By Technology, 2019-2032 (USD Million)
10.1 Magneto-resistive
10.2 Hall Effect
11. Global Speed Sensor Market, By Region, 2019-2032 (USD Million)
11.1 Global Speed Sensor Market Size and Market Share by Region (2019-2025)
11.2 Global Speed Sensor Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12.Company Profiles
12.1 ABB
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 BorgWarner Inc
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Bosch Sensortec GmbH
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Continental AG
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 HYUNDAI MOBIS
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Infineon Technologies AG
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 NXP Semiconductors
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 OMORON Corporation
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Pepperl+ Fuchs
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Qualcomm Technologies, Inc
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Robert Bosch GmbH
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent development
12.12 Rockwell Automation Inc.
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Schneider Electric
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Semiconductor Components Industries, LLC
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Siemens
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments3
12.16 STMicroelectronics
12.16.1 Company details
12.16.2 Financial outlook
12.16.3 Product summary
12.16.4 Recent developments
12.17 TE Connectivity
12.17.1 Company details
12.17.2 Financial outlook
12.17.3 Product summary
12.17.4 Recent developments
12.18 Texas Instruments Incorporated
12.18.1 Company details
12.18.2 Financial outlook
12.18.3 Product summary
12.18.4 Recent developments
12.19 WABCO
12.19.1 Company details
12.19.2 Financial outlook
12.19.3 Product summary
12.19.4 Recent developments
12.20 ZF Friedrichshafen AG
12.20.1 Company details
12.20.2 Financial outlook
12.20.3 Product summary
12.20.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
