Global Passenger Vehicle Wheel Speed Sensor Market Overview:
Passenger vehicle wheel speed sensors measure the speed of the wheel where fusion of technology and brake control system works in combination for the safety of the passengers, these sensors integrally detects the rotational wheel speed of vehicles using frictionless and non-contacting measurement principle with which wheel speed is measured using the Anisotropic Magneto Resistance (AMR) effect. Passenger Vehicle Wheel Speed Sensor is the system designed for Driver assistance equipped with a sensor integrated with the anti-lock braking system, Electronic Stability Control System and Traction Control System to sense and control the speed of passenger vehicle to provide better stability and control to the passenger vehicle. Some of the key players profiled in the study are Bosch (Germany), Continental (Germany), MOBIS (South Korea), ZF (Germany), TRW (United States), Delphi (Ireland), WABCO (Belgium), Knorr-Bremse (Germany) and Hitachi Metal (Japan).
On the basis of geography, the market of Passenger Vehicle Wheel Speed Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sensor Type, the sub-segment i.e. Active will boost the Passenger Vehicle Wheel Speed Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in demand for Autonomous Vehicle
- Growing Consumer Demand for Safety and Comfort
- High Cost of Vehicles Embedded with ABS System
- Strict Government Mandates for Minimum Stoppages Distance
- Rapid Development of Autonomous Cars
- High Weight & Complexity Due to Number of Components Used
Target Audience:Raw material suppliers, Automotive sensors designers, manufacturers, and suppliers, Automobile manufacturers, Automotive system suppliers and service providers, Raw material suppliers, Government bodies such as regulating authorities and policy makers, Automotive-related associations, organizations, forums, and alliances, Various categories of application software suppliers, Research institutes and organizations and Market research and consulting firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Passenger Vehicle Wheel Speed Sensor market on the basis of product [Economic PC, Mid-Sized PC and Luxury PC] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Passenger Vehicle Wheel Speed Sensor market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Passenger Vehicle Wheel Speed Sensor industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Passenger Vehicle Wheel Speed Sensor market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.