Global Automotive Wheel Speed Sensor Market- Forecasts From 2019 To 2024

The global automotive wheel speed sensor market is projected to grow at a CAGR of 3.98% during the forecast period, reaching a total market of US$1.525 billion in 2024 from US$1.207 billion in 2018. A wheel speed sensor is a gadget that is utilized to decide the quickening or backing off of the wheel. Active sensor held a higher share in the worldwide market because of its property corridor impact rule, genuine zero speed capacity, and exact switch point estimation that aides in perusing precise wheel development in any event, when the vehicle isn't moving. Traveler vehicles held a significant offer in the market. Because of total deals, developing extra cash, and impulse of the ABS framework in traveler vehicles have expanded the development for the automotive wheel speed sensors market. Asia-Pacific holds the biggest piece of the overall industry and is discovered to be prevailing. Expanding government support for the improvement of the car business, quick industrialization, and steady spotlight on creating more current items to meet various changes in purchaser requests in the locale has affected the development. An expansion in the appropriation of the electronically monitored slowing mechanism in vehicles, stringent government guidelines for least halting separation, and an ascent in car deals over the globe have expanded the development of the worldwide automotive wheel speed sensor market.

We have covered all segments of this market in our report. We are providing some segments briefly here:

By Sensor Type

Active

Passive

By Vehicle Type

Passenger Vehicle

Light Commercial Vehicle

Heavy Commercial Vehicle

By Geography

North America

• United States
• Canada
• Mexico

South America

• Brazil
• Argentina
• Others

Europe

• Germany
• France
• United Kingdom
• Spain
• Others

The Middle East and Africa

• Israel
• Saudi Arabia
• UAE
• Others

Asia Pacific

• China
• Japan
• South Korea
• India
• Others