Home > Automotive > Automotive Technology > Automotive Sensors > Speed Sensor Market

Speed Sensor Market Share

  • Report ID: GMI5020
  • Published Date: Mar 2021
  • Report Format: PDF

Speed Sensor Market Share

Key companies operating in the market are :

  • Petasense
  • Allegro MicroSystems, Inc
  • Robert Bosch GmbH
  • NXP Semiconductors N.V
  • Infineon Technologies AG
  • Sensoronix, Inc
  • TE Connectivity, Inc
  • Sensor Solutions Corporation

The industry participants are continuously focusing on R&D activities to develop technically advanced products than their competitors in the market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Speed sensor market size was valued at around USD 8.5 billion in 2020 and will register a CAGR of over 4.5% through 2027.

Hall effect segment had accounted for a market share of around 50% in 2020 and will witness a CAGR of 5% through 2027 owing to technological developments in hall-based speed sensors.

Automotive application segment had captured more than 50% of revenue share in 2020 and will record a CAGR of 5.5% through 2027 owing to the increasing adoption of ADAS in vehicle electronics systems.

Asia Pacific speed sensor market had held more than 35% of revenue share in 2020 and will register a CAGR of 5.5% through 2027 with supportive government initiatives, favoring the consumer electronics manufacturing industry in the region.

Speed Sensor Market Scope

Buy Now

Immediate Delivery Available

Premium Report Details

  • Base Year: 2020
  • Companies covered: 19
  • Tables & Figures: 257
  • Countries covered: 17
  • Pages: 190
 Download Free Sample