Global Automotive Speed Sensor Market 2017-2021




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About Automotive Speed Sensor

A sensor is a device that detects the changes occurring in the immediate environment by sensing the stimulus change and updates the system electronically. Sensors are used in various industries such as chemical and automotive. A sensor sends electronic signals that are measured and recorded. Based on the given information, a corrective change is executed. There are various types of automotive sensors, such as pressure sensors, wheel speed sensors, temperature sensors, fluid level sensors, and emission sensors. The global automotive industry consists of passenger cars, which are mainly used for personal mobility. The commercial vehicles segment is further classified into light commercial vehicles (LCV) and heavy commercial vehicles (HCV), which are primarily used for commercial purposes. There has been a sharp rise in the production of passenger cars due to rise in population, along with changing lifestyle and growing income of the people in developing countries, such as India, China, and other APAC countries. With the increase in disposable income and changing lifestyle in developing countries, passenger cars have become a necessity for mobility and no longer a status symbol.

Technavios analysts forecast the global automotive speed sensor market to grow at a CAGR of 2.98% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive speed sensor market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales.

The market is divided into the following segments based on geography:

Technavio's report, Global Automotive Speed Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Delphi Automotive
TE Connectivity
Infineon Technologies
Other prominent vendors
Allegro MicroSystems
FTE automotive
Standard Motor Products
Wells Vehicle Electronics
Market driver
Growth of electronics in automobiles to measure vehicle performance
For a full, detailed list, view our report

Market challenge
Harsh and rough conditions affect efficiency of sensors
For a full, detailed list, view our report

Market trend
Turbocharger speed sensor
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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