Us Active Wheel Speed Sensors Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Active Wheel Speed Sensors Market was valued at USD 1.25 Billion in 2022 and is projected to reach USD 2.30 Billion by 2030, growing at a CAGR of 8.40% from 2024 to 2030.
The United States active wheel speed sensors market is experiencing notable growth, driven by increasing vehicle production and a heightened focus on advanced safety features. In 2023, the market reached a valuation of approximately USD 1.9 billion and is projected to expand to USD 2.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.54% during the forecast period.
Several factors contribute to this upward trajectory. The automotive industry's robust expansion has led to a surge in demand for components like active wheel speed sensors, essential for systems such as Anti-lock Braking Systems (ABS) and Electronic Stability Control (ESC). These sensors play a pivotal role in enhancing vehicle safety by providing real-time data to prevent wheel lockup and maintain stability.
Government regulations mandating the integration of safety systems further bolster the market. For instance, the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) finalized a rule in April 2024 requiring automatic emergency braking (AEB) systems, including pedestrian detection, to be standard in all passenger cars and light trucks by September 2029. Such initiatives underscore the critical role of active wheel speed sensors in modern vehicles.
Technological advancements have also propelled market growth. Innovations in sensor technology, such as the development of Hall Effect and magneto-resistive sensors, offer enhanced accuracy and reliability. These improvements are crucial for the effective functioning of advanced driver assistance systems (ADAS), which rely on precise wheel speed data.
Moreover, the rise of electric and autonomous vehicles has amplified the need for sophisticated sensor systems. These vehicles depend heavily on accurate wheel speed information to ensure optimal performance and safety. As the adoption of electric vehicles (EVs) accelerates, the demand for active wheel speed sensors is expected to follow suit.
In the manufacturing sector, companies are scaling up production to meet this growing demand. Notably, Continental Automotive India achieved a milestone by producing over 50 million wheel speed sensors within a decade at its Manesar plant. This accomplishment reflects the industry's commitment to enhancing vehicle safety and meeting regulatory standards.
In summary, the U.S. active wheel speed sensors market is poised for sustained growth, driven by regulatory mandates, technological innovations, and the evolving landscape of the automotive industry. As vehicles become more advanced, the integration of reliable and precise wheel speed sensors will remain indispensable in ensuring safety and performance.
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ZF Friedrichshafen
AISIN
Delphi
WABCO
Bosch
Continental
MOBIS
Denso
Sejong Industrial
Xinyue Lianhui
Knorr-Bremse
Hitachi Metal
Ningbo New Strongteck Electromechanical Technology Co.
Ltd.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Active Wheel Speed Sensors Market
Magnetic Sensors
Optical Sensors
Hall Effect Sensors
Resistive Sensors
Passenger Vehicles
Commercial Vehicles
Motorcycles
Heavy Equipment
Automotive
Aerospace
Railways
Public Transport
OEMs (Original Equipment Manufacturers)
Aftermarket
Electric Vehicles
Hybrid Vehicles
Internal Combustion Engine (ICE) Vehicles
Global (United States, Global 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 Active Wheel Speed Sensors 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 Active Wheel Speed Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Active Wheel Speed Sensors Market, By Type
6. Global Active Wheel Speed Sensors Market, By Application
7. Global Active Wheel Speed Sensors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Active Wheel Speed Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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