Speed Sensor Market Report Size, Trends & Growth Opportunity, By Type, By Product type, By Application, By Technology, By Region and forecast till 2027
Report ID : QR1001483 | Industries : Semiconductors and Electronics | Published On :April 2022 | Page Count : 253Global Speed Sensor Market
Speed Sensor Market was valued at over USD 8.5 billion in 2020 and is estimated to grow at over USD 12 billion in 2027 at a CAGR of more than 4.5% from 2021 to 2027.
Market Drivers
The electronics components used in automotive sector has enhanced the performance of the vehicles by improving the running entertainment devices and vehicle efficiency. Hence, rising demand or use of electronics in automotive sector is one of the key factors for driving the growth of the Speed Sensor Market. Another driving factor of market is increasing adoption of anti-lock braking system.
Market Restraints
The technical skills amongst the workforce have resulted in the underperformance of workers required for the speed sensors market. Hence, Lack of skilled and experienced employees in the global speed sensors market is the main restraining factor which hamper the market growth.
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Market Segmentation
Speed Sensor Market sis segmented into major 5 categories. Based on Type, the market is segmented into Inductive sensor, Monopolar, Bipolar, Active Sensor. Based on Product Type, the market is segmented into Wheel Speed Sensor, Speedometer, LIDAR, Ground speed radar, Doppler radar, Pitot tube. Based on Application, the market is segmented into Powertrain, Safety and control, Transmission, Turbocharger, Body electronics, Exhaust, others. Based on Technology, the market is segmented into Magneto-resistive, Hall effect. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
North America is expected to be the leading regional market owing to the rising use of IoT devices and communication networks in the industries and growing adoption of the speed sensors in the consumer electronics products, vehicles, and defense sector of countries like US, Canada and Mexico.
The Asia Pacific region is also anticipated to generate a notable growth rate throughout the forecast period because of the growing industrial sector combined with an rising presence of small and medium-sized enterprises (SMEs) in the region.
Market Key Players
Some of the key players operating in Global Speed Sensor Market are Analog Devices Inc., Sensata Technologies Inc., Honeywell Technology Solutions, Continental AG, Ford Corp., General Electric, Infineon Technologies AG, Omron, Denso Corp., Delphi Automotive.
Industry development
On 7th July 2021, Allegro MicroSystems, Inc. announced a new state-of-the-art giant magnetoresistance (GMR) speed sensor that measures the rotation of ferromagnetic gears. The ATS19480 speed sensor IC offers a single-channel solution which is suitable for hybrid and pure electric vehicle transmissions, with use cases extending to off-road vehicles, two-wheelers, and industrial application designs requiring speed-only information.
On 13th October 2020, SICK AG expanded its product range for speed and length measurement of objects moving in a linear path to contain technology that measures directly on the material surface.
On 26th June 2017, Infineon Technologies AG introduced a new Hall Sensor TLE4922 as well as the “Speed Sensor 2Go” design kit. The TLE4922 is developed for automotive and industrial applications, where reliable and fast measurement of speed is critical, such as transmissions and speed detection of crankshafts in two-wheelers and three-wheelers.
Global Speed Sensor Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Speed Sensor Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Speed Sensor Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Speed Sensor Market Share Analysis, By Type
5.3 Speed Sensor Market Size and Forecast, By Type
5.3.1 Inductive sensor
5.3.2 Monopolar
5.3.3 Bipolar
5.3.4 Active Sensor
6 Speed Sensor Market, By Product type
6.1 Y-o-Y Growth Comparison, By Product type
6.2 Speed Sensor Market Share Analysis, By Product type
6.3 Speed Sensor Market Size and Forecast, By Product type
6.3.1 Wheel Speed Sensor
6.3.2 Speedometer
6.3.3 LIDAR
6.3.4 Ground speed radar
6.3.5 Doppler radar
6.3.6 Pitot tube
7 Speed Sensor Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Speed Sensor Market Share Analysis, By Application
7.3 Speed Sensor Market Size and Forecast, By Application
7.3.1 Powertrain
7.3.2 Safety and control
7.3.3 Transmission
7.3.4 Turbocharger
7.3.5 Body electronics
7.3.6 Exhaust
7.3.7 Others
8 Speed Sensor Market, By Technology
8.1 Y-o-Y Growth Comparison, By Technology
8.2 Speed Sensor Market Share Analysis, By Technology
8.3 Speed Sensor Market Size and Forecast, By Technology
8.3.1 Magneto-resistive
8.3.2 Hall effect
9 Speed Sensor Market, By Region
9.1 Speed Sensor Market Share Analysis, By Region
9.2 Speed Sensor Market Share Analysis, By Region
9.3 Speed Sensor Market Size and Forecast, By Region
10 North America Speed Sensor Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Speed Sensor Market Share Analysis, By Type
10.3 North America Speed Sensor Market Size and Forecast, By Product type
10.4 North America Speed Sensor Market Size and Forecast, By Application
10.4 North America Speed Sensor Market Size and Forecast, By Technology
10.5 North America Speed Sensor Market Size and Forecast, By Country
10.5.1 U.S.
10.5.2 Canada
10.5.3 Mexico
11 Europe Speed Sensor Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Speed Sensor Market Share Analysis, By Type
11.3 Europe Speed Sensor Market Size and Forecast, By Product type
11.4 Europe Speed Sensor Market Size and Forecast, By Application
11.4 Europe Speed Sensor Market Size and Forecast, By Technology
11.5 Europe Speed Sensor Market Size and Forecast, By Country
11.5.1 Germany
11.5.2 France
11.5.3 UK
11.54. Rest of Europe
12 Asia Pacific Speed Sensor Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Speed Sensor Market Share Analysis, By Type
12.3 Asia Pacific Speed Sensor Market Size and Forecast, By Product type
12.4 Asia Pacific Speed Sensor Market Size and Forecast, By Application
12.4 Asia Pacific Speed Sensor Market Size and Forecast, By Technology
12.5 Asia Pacific Speed Sensor Market Size and Forecast, By Country
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4. Rest of Asia Pacific
13 Latin America Speed Sensor Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Speed Sensor Market Share Analysis, By Type
13.3 Latin America Speed Sensor Market Size and Forecast, By Product type
13.4 Latin America Speed Sensor Market Size and Forecast, By Application
13.4 Latin America Speed Sensor Market Size and Forecast, By Technology
13.5 Latin America Speed Sensor Market Size and Forecast, Country
13.5.1. Brazil
13.5.2. Rest of Latin America
14 Middle East Speed Sensor Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Speed Sensor Market Share Analysis, By Type
14.3 Middle East Speed Sensor Market Size and Forecast, By Product type
14.4 Middle East Speed Sensor Market Size and Forecast, By Application
14.4 Middle East Speed Sensor Market Size and Forecast, By Technology
14.5 Middle East Speed Sensor Market Size and Forecast, By Country
14.5.1. Saudi Arabia
14.5.2. UAE
14.5.3. Egypt
14.5.4. Kuwait
14.5.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Analog Devices Inc.
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Sensata Technologies Inc.
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Honeywell Technology Solutions
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Continental AG
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Ford Corp.
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 General Electric
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Infineon Technologies AG
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Omron
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Delphi Automotive
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Denso Corp.
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies