Speed Sensor Market - Top Companies and Manufacturers

Companies Dominating the Speed Sensor Market

Key players are contributing to advancements in the automotive, industrial, and renewable energy sectors. These companies are leading innovation through technological developments, expanding product portfolios, and entering strategic partnerships to meet the growing demand for high-performance speed sensors across various applications.

Here are some key players in the speed sensor market:

SICK AG

Company Overview
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Petasense
Allegro MicroSystems, Inc.
Robert Bosch GmbH
NXP Semiconductors N.V.
Infineon Technologies AG
Standard Motor Products, Inc.
Sensoronix, Inc.
TE Connectivity, Inc.
SPECTEC
Sensor Solutions Corporation
ABB

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Speed Sensor Market Size & Share, Global Forecast Report 2037

In the News

In March 2023, SMP is expanding its ABS Speed Sensor product portfolio for both import and domestic automobiles. It is well understood that the quality and effectiveness of ABS sensors influence how long a car takes to stop, but as technology advances, ABS sensors are being pushed to do more. Many electronic safety systems, including electronic stability control, hill hold assist, and automated braking, rely on reliable, real-time data from these sensors.

Frequently Asked Questions (FAQ)

The global speed sensor market registered a valuation of USD 6.45 billion in 2024 and is poised to expand at a CAGR of 4% during the forecast period, i.e., 2025-2037.

The global speed sensor sector registered a profitable valuation of USD 6.45 billion in 2024 and is poised to register USD 10.74 billion in 2037 expanding at a CAGR of 4% during the forecast period, i.e., 2025-2037.

The major players in the market are Petasense, Allegro MicroSystems, Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Infineon Technologies AG, Standard Motor Products, Inc., Sensoronix, Inc., and others.

By application, the automotive segment is poised to register the largest revenue share of 37.2% by 2037. The growth can be attributed to the advancements in vehicle technologies, the adoption of safety regulations, and the rise of electric and autonomous vehicles.

North America is poised to register the largest revenue share of 48.2% by the end of 2037. The market growth is driven by advancements in automotive technologies, industrial automation, and the adoption of innovative sensing solutions across various sectors.

Speed Sensor Market - Top Companies and Manufacturers

Companies Dominating the Speed Sensor Market

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the speed sensor market?

What is the outlook for the speed sensor market?

Who are the major players dominating the speed sensor market?

Which application segment will capture the significant market share for the speed sensor sector by 2037?

Which region will provide more business opportunities for the growth of the speed sensor market in the future?