Global Automotive Wheel Speed Sensor Market 2017-2021
About Automotive Wheel Speed Sensor
Wheel speed sensor, also known as ABS speed sensor, is used to monitor the speed of the wheel through tone wheel regularly. Wheel speed sensor transmits the tone wheel readings to the ECU (Electronic control unit) for making decisions regarding brake pressure adjustment during sudden braking. In some vehicles, the sensors are placed on both wheels to monitor the speed separately. This information is continuously sent to the ECU for processing, which adjusts the pressure (during sudden braking situation only) based on this information.
Technavio’s analysts forecast the global automotive wheel speed sensor market to grow at a CAGR of 4.60% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive wheel speed sensor market for 2017-2021 . To calculate the market size, the report considers the sales.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Wheel Speed Sensor Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive wheel speed sensor market: Bosch, Continental, DENSO, and ZF Friedrichshafen
Other Prominent Vendors in the market are: Delphi Automotive, NXP Semiconductors, Melexis, AISIN, Hitachi Metal, and WABCO.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Technical evolution is shifting ABS from being an accessory to a standard fitment. Continuous evolution is one of the major factors for the maximum adoption of any technology developed. Bosch is one of the leading vendors in the ABS market and continuously strives to develop ABS that can be adopted by a different segment of vehicles. The company developed the first ABS in 1995, which was named generation 2L1 and weighed 4.5 kilograms. However, this ABS and series of later versions were based on the model from the automobile industry and made the unit bulk. Hence, the factors such as higher cost, heavyweight, and larger size kept the ABS adoption limited to the selected high-end vehicles and that too as accessories.”
According to the report, one of the major drivers for this market is Technical advancement of wheel speed sensors. The wheel speed sensors are becoming advanced and can operate under severe conditions, such as high temperature, high humidity, vibrations, electromagnetic interference, and pollution, among others. The wheel speed sensors operating at a high temperature measure the shaft speeds and other toothed components efficiently. The sensor has improved signal-to-noise ratio as compared with the variable reluctance sensors and offers speed performance and output amplitude not dependent on RPM. The high-temperature wheel speed sensor is usually designed to offer optimal performance with various wheel features, such as a trigger wheel with an even number of triggers—a maximum of 64 triggers, with a temperature range of (40)°F to 302°F.
Further, the report states that one of the major factors hindering the growth of this market is Maintenance and repairing cost associated with ABS. ABS add to the overall cost of owning a vehicle and maintaining it. Issues might arise related to proper calibration and disorientation, which increases the cost of ownership for vehicles equipped with ABS. The cost of wheel sensors might range from $50 to $170 each, and the cost of ABS modules might range from $200 to $600 per piece. Moreover, the labor might cost up to $80-$150 per hour. Thus, the average cost for replacing ABS may range from $1,000 to $1,500, which depends on make, model, and year of the vehicle and the repair shop that chooses to fix a specific problem.
Bosch, Continental, DENSO, and ZF Friedrichshafen, Delphi Automotive, NXP Semiconductors, Melexis, AISIN, Hitachi Metal, and WABCO.