SUV Wheel Speed Sensor Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.1% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The SUV wheel speed sensor market was valued at approximately USD 4.1 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. The increasing demand for advanced driver assistance systems (ADAS) and electronic stability control (ESC) in SUVs is driving market growth. The wheel speed sensors are crucial for these systems to function efficiently by providing real time data on vehicle speed, contributing to safety and performance. The market’s expansion is also fueled by the rising production of SUVs worldwide, especially in emerging economies where automotive manufacturing is rapidly increasing. The market is expected to reach USD 7.3 billion by 2030, reflecting steady growth across various regions.
Regionally, North America and Europe hold significant shares in the SUV wheel speed sensor market, accounting for more than 50% of the global revenue in 2022. These regions are known for their advanced automotive infrastructure and high vehicle production, along with stringent safety regulations. However, the Asia Pacific region is expected to witness the highest growth during the forecast period, driven by the growing automotive industry in countries like China and India, alongside increased consumer preference for SUVs. The Middle East and Africa, along with Latin America, also present substantial growth opportunities due to increasing automotive production and the expanding presence of international automotive companies in these regions. The market dynamics in these regions are expected to further enhance the adoption of advanced wheel speed sensor technologies.
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Bosch
Continental
MOBIS
ZF TRW
AISIN
Delphi
WABCO
Knorr-Bremse
MHE
Hitachi Metal
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global SUV Wheel Speed Sensor Market
Magnetic Speed Sensors
Hall Effect Speed Sensors
Optical Speed Sensors
Inductive Speed Sensors
Anti-lock Braking System (ABS)
Traction Control Systems (TCS)
Electronic Stability Control (ESC)
Adaptive Cruise Control (ACC)
Compact SUVs
Midsize SUVs
Full-size SUVs
Luxury SUVs
Analog Technology
Digital Technology
Wireless Technology
Smart Sensor Technology
OEM (Original Equipment Manufacturer)
Aftermarket
Online Retail
Specialty Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global SUV Wheel Speed Sensor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global SUV Wheel Speed Sensor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global SUV Wheel Speed Sensor Market, By Type
6. Global SUV Wheel Speed Sensor Market, By Application
7. Global SUV Wheel Speed Sensor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global SUV Wheel Speed Sensor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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