The research report on speed sensor market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The global speed sensor market is estimated to grow steadily supported by robust product adoption in consumer electronics devices and smart home appliances. Integration of IoT technology into smart home items for remotely controlling the speed of several consumer electronics devices is likely to propel the demand for speed sensors.

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Among speed sensor types, the VR or variable reluctance segment accounted for around 12% share in 2020 and is anticipated to rise significantly in the upcoming years owing to multiple high-end features of VR sensors including accuracy, temperature stability, high performance, and the suitability for industrial and automotive applications. Variable reluctance speed sensors sense rotating ferrous metal targets and are appropriate for operating in different environmental conditions.

The aerospace & defense application section held a market share of about 11.5% in 2020 and is likely to register 3.5% CAGR over the forecast timeframe owing to increasing adoption of speed sensors in drones, UAVs, and aircrafts. Speed sensors are used in aircrafts for mapping the rotational speed of transmission units, engine shafts, and rotating blades. The development of advanced speed sensors for space is being emphasized on by several government bodies and institutes.

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Geographically speaking, the Europe speed sensor market is projected to register a CAGR of 4% owing to the presence of key automotive OEMs such as Daimler AG, Audi, PSA Group, and BMW Group. These companies are developing advanced automotive safety systems like ADAS and self-driving cars. Supportive investment schemes are also being set up by regional institutes to augment the region’s automotive sector.

Globally, the speed sensor market comprises of firms such as Robert Bosch GmbH, SICK AG, Sensor Solutions Corporation, Allegro MicroSystems, Inc., TE Connectivity, Inc., SPECTEC, NXP Semiconductors N.V., Infineon Technologies AG, Petasense, and Sensoronix, Inc., among others.

Major Key Points from Table of Content:

Chapter 5   Speed Sensor Market, By Type (Revenue, Shipment)

5.1    Key trends, by type

5.2    Hall effect

5.2.1    Market estimates and forecast, 2016 - 2027

5.3    Magneto resistive

5.3.1    Market estimates and forecast, 2016 - 2027

5.4    Variable reluctance (VR)

5.4.1    Market estimates and forecast, 2016 - 2027

5.5    Others

5.5.1    Market estimates and forecast, 2016 - 2027

Chapter 6   Speed Sensor Market, By Application (Revenue, Shipment)

6.1    Key trends, by application

6.2    Automotive

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Industrial

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    Aerospace & defense

6.4.1    Market estimates and forecast, 2016 - 2027

6.5    Consumer electronics

6.5.1    Market estimates and forecast, 2016 - 2027

6.6    Others

6.6.1    Market estimates and forecast, 2016 - 2027

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