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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 :
- SICK AG
- Petasense
- Allegro MicroSystems, Inc
- Robert Bosch GmbH
- NXP Semiconductors N.V
- Infineon Technologies AG
- Sensoronix, Inc
- TE Connectivity, Inc
- SPECTEC
- Sensor Solutions Corporation
The industry participants are continuously focusing on R&D activities to develop technically advanced products than their competitors in the market.
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
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