Technavio has been monitoring the automotive wheel speed sensor market and it is poised to grow by USD 652.09 million during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive Wheel Speed Sensor Market 2020-2024 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive wheel speed sensor market. The market growth in 2020 is likely to decrease compared to market growth in 2019.
Frequently Asked Questions:
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Based on segmentation by application, which is the leading segment in the market?
The passenger cars segment led the market in 2019. -
What are the major trends in the market?
Increasing electrification in vehicles is the key trend in the market. -
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of about 2% during the forecast period. -
Who are the top players in the market?
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, and ZF Friedrichshafen AG are the top players in the market. -
What are the key market drivers and challenges?
The market is driven by the technical advancement of wheel speed sensors. However, high maintenance and repair costs associated with ABS might challenge growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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, and ZF Friedrichshafen AG are some of the major market participants. Although the technical advancement of wheel speed sensors, demand for ABS, TCS, or ESP control unit of the vehicle that individually controls the brake, and increasing electrification in vehicles will offer immense growth opportunities is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive wheel speed sensor market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Wheel Speed Sensor Market 2020-2024: Segmentation
Automotive Wheel Speed Sensor Market is segmented as below:
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Application
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Passenger Cars
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Commercial Vehicles
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Geography
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APAC
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Europe
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North America
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South America
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MEA
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To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45688
Automotive Wheel Speed Sensor Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive wheel speed sensor market report covers the following areas:
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Automotive Wheel Speed Sensor Market Size
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Automotive Wheel Speed Sensor Market Trends
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Automotive Wheel Speed Sensor Market Industry Analysis
This study identifies Increasing electrification in vehicles as one of the prime reasons driving the Automotive Wheel Speed Sensor Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Wheel Speed Sensor Market 2020-2024: Key Highlights
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CAGR of the market during the forecast period 2020-2024
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Detailed information on factors that will assist automotive wheel speed sensor market growth during the next five years
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Estimation of the automotive wheel speed sensor market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the automotive wheel speed sensor market
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Analysis of the market’s competitive landscape and detailed information on vendors
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Comprehensive details of factors that will challenge the growth of automotive wheel speed sensor market vendors
Table of Contents:
Executive Summary
Market Landscape
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Market ecosystem
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Value chain analysis
Market Sizing
Five Forces Analysis
Market Segmentation by Application
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Market segments
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Comparison by Application
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Passenger cars - Market size and forecast 2019-2024
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Commercial vehicles - Market size and forecast 2019-2024
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Market opportunity by Application
Customer Landscape
Geographic Landscape
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Geographic segmentation
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Geographic comparison
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APAC - Market size and forecast 2019-2024
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Europe - Market size and forecast 2019-2024
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North America - Market size and forecast 2019-2024
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South America - Market size and forecast 2019-2024
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MEA - Market size and forecast 2019-2024
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Key leading countries
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Market opportunity by geography
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Market drivers
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Market challenges
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Market trends
Vendor Landscape
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Overview
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Vendor landscape
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Landscape disruption
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201204005501/en/
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December 05, 2020 at 02:30AM
https://finance.yahoo.com/news/automotive-wheel-speed-sensor-market-193000132.html
Automotive Wheel Speed Sensor Market: COVID-19 Impact Analysis | Business Continuity Plan for the New Normal | Technavio - Yahoo Finance
https://news.google.com/search?q=Wheel&hl=en-US&gl=US&ceid=US:en
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