Global Automotive Wheel Speed Sensor Market 2017-2021


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Technavio

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About Automotive Wheel Speed Sensor

Wheel speed sensor, also known as ABS speed sensor, is used to monitor the speed of the wheel through tone wheel regularly. Wheel speed sensor transmits the tone wheel readings to the ECU (Electronic control unit) for making decisions regarding brake pressure adjustment during sudden braking. In some vehicles, the sensors are placed on both wheels to monitor the speed separately. This information is continuously sent to the ECU for processing, which adjusts the pressure (during sudden braking situation only) based on this information.

Technavios analysts forecast the global automotive wheel speed sensor market to grow at a CAGR of 4.60% during the period 2017-2021 .

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

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

Technavio's report, Global Automotive Wheel 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
Bosch
Continental
DENSO
ZF Friedrichshafen
Other prominent vendors
Delphi Automotive
NXP Semiconductors
Melexis
AISIN
Hitachi Metal
WABCO
Market driver
Technical advancement of wheel speed sensors
For a full, detailed list, view our report

Market challenge
Maintenance and repairing cost associated with ABS
For a full, detailed list, view our report

Market trend
Technical evolution is shifting ABS from being an accessory to a standard fitment
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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