Global Automotive Wheel Speed Sensor Market Assessment, By Vehicle Type [Passenger Vehicles, Commercial Vehicles], By Sensor Type [Active Sensors, Passive Sensors], By Application Type [Anti-lock Braking System, Traction Control System, Electronic Stability Control, Others], By Region, Opportunities and Forecast, 2018-2032F

Global automotive wheel speed sensor market is projected to grow at the USD 11.20 billion in 2032F with a CAGR of 4.02%. 

Global Automotive Wheel Speed Sensor Market, Size, Future, Growth

Global automotive wheel speed sensor market is projected to witness a&nbsp;CAGR of 4.02%&nbsp;during the forecast period 2025-2032, growing from&nbsp;USD 8.17 billion&nbsp;in 2024 to&nbsp;USD 11.20 billion&nbsp;in 2032F,&nbsp;owing to rising safety norms and the increasing integration of advanced driver assistance systems in vehicles. Wheel speed sensors play a crucial role in systems such as ABS, ESC, and traction control, enhancing vehicle stability and passenger safety. Automakers are also focusing on developing lightweight and efficient sensor designs. The growing demand for electric vehicles and connected cars is further driving the global adoption of wheel speed sensors.
<table width="604">
<tbody>
<tr>
<td width="302">
Attributes
</td>
<td width="302">
Details
</td>
</tr>
<tr>
<td width="302">
Base Year
</td>
<td width="302">
2024
</td>
</tr>
<tr>
<td width="302">
Forecast Period
</td>
<td width="302">
2025-2032F
</td>
</tr>
<tr>
<td width="302">
Historical Period
</td>
<td width="302">
2018-2023
</td>
</tr>
<tr>
<td width="302">
Projected Growth Rate
</td>
<td width="302">
CAGR of 4.02% between 2025 and 2032
</td>
</tr>
<tr>
<td width="302">
Revenue Forecast in 2032
</td>
<td width="302">
USD 11.20 billion
</td>
</tr>
</tbody>
</table>
For instance, in December 2022, Uno Minda launched a strategic collaboration with Asentec, a Korean company, to design, develop, manufacture, and market wheel speed sensors in India. This technical license agreement leverages Asentec's expertise as a leading global supplier of automotive sensors and actuators, aiming to strengthen Uno Minda&rsquo;s advanced sensor product portfolio. Uno Minda had earlier established a dedicated automotive sensors division to meet the rising demand in this evolving technology space.
<h2>Government Regulations and Growing Consumers to Fuel Automotive Wheel Speed Sensor Market Demand</h2>
Stringent government safety regulations are driving the demand for automotive wheel speed sensors. Many countries are mandating the inclusion of safety systems such as anti-lock braking systems and electronic stability control in all new vehicles to reduce road accidents. This trend compels automakers to integrate reliable and accurate wheel speed sensors to comply with these norms. As regulatory bodies continue to tighten safety requirements, the market for advanced wheel speed sensing technology is likely to expand steadily.
For instance, in December 2024, Standard Motor Products, Inc. (SMP) launched an expanded line of ABS wheel speed sensors designed for accuracy, speed, and durability. These sensors are vital for advanced driver assistance systems, which monitor both the speed and direction of each wheel to support safety features such as electronic stability control and automated braking. SMP&rsquo;s latest sensors match OE performance and are built to endure harsh automotive conditions.
The growing consumer demand for advanced driver assistance systems is a key factor fueling the wheel speed sensor market. Features such as adaptive cruise control, automatic emergency braking, and traction control rely on accurate wheel speed data to function correctly. As customers become more aware of these technologies and their safety benefits, vehicle manufacturers are increasingly integrating high-performance sensors into their vehicles. The move toward semi-autonomous and fully autonomous vehicles will further strengthen the need for robust wheel speed sensing solutions.
<h2>Electric Vehicle and Technological Advancements to&nbsp;Shape Wheel Speed Sensor Market Dynamics</h2>
The rise in electric vehicle production has given a fresh boost to the automotive wheel speed sensor market. Electric vehicles require precise control of regenerative braking systems, which depend heavily on accurate wheel speed monitoring. Additionally, EV manufacturers are focusing on advanced safety systems to make electric cars more appealing to a broader customer base. As the transition to electric mobility gains momentum globally, the demand for reliable and efficient wheel speed sensors is expected to rise significantly.
Technological advancements in sensor design are another strong driver for the market. Manufacturers are developing compact, lightweight, and durable wheel speed sensors that can withstand harsh conditions, including extreme temperatures and road debris. Improvements in sensor materials and integration with electronic control units are enhancing performance and reliability. These innovations enable automakers to meet stringent safety and emission standards while enhancing overall vehicle efficiency, presenting sensor suppliers with significant opportunities to expand their product portfolios.
Passenger Vehicles Segment&nbsp;Leads in the Global Automotive Wheel Speed Sensor Market
Based on vehicle type, passenger cars account for the largest share of the automotive wheel speed sensor market, driven by the high volume of vehicle production and growing customer preference for enhanced safety and comfort. Automakers are increasingly equipping passenger vehicles with advanced safety features, such as ABS, ESC, and traction control, to comply with stringent safety regulations and meet consumer expectations. Demand for semi-autonomous driving technology is stronger in passenger cars, requiring precise wheel speed sensing for features such as adaptive cruise control and lane-keeping assistance.
The surge in electric passenger vehicle sales supports sensor adoption as these vehicles depend on accurate speed monitoring for efficient regenerative braking. The popularity of compact and mid-size cars in emerging economies, combined with rising disposable incomes, ensures steady growth in the passenger car segment. This widespread integration cements passenger vehicles as the leading application for wheel speed sensors.
<h2>Asia-Pacific Dominates the Global Automotive Wheel Speed Sensor Market</h2>
The Asia-Pacific holds a prominent position in the automotive wheel speed sensor market due to its large automotive manufacturing base and increasing vehicle production across countries such as China, India, Japan, and South Korea. The region benefits from supportive government policies promoting vehicle safety standards and the rapid adoption of electric and hybrid vehicles. Local automakers are integrating advanced safety features into their entry-level cars to attract cost-conscious buyers, which boosts demand for sensors. Additionally, Asia-Pacific is home to several leading sensor manufacturers and suppliers that provide cost-effective solutions globally.
Strong domestic consumption, expanding export markets, and ongoing investments in research and development strengthen the region&rsquo;s leadership. Rapid urbanization and rising disposable incomes further increase the demand for vehicles equipped with advanced driver assistance systems, reinforcing Asia Pacific&rsquo;s significant contribution to the overall market growth for automotive wheel speed sensors.
<a href="https://www.marketsandata.com/industry-reports/automotive-wheel-speed-sensor-market/sample-request">Download Free Sample Report</a>
Impact of the U.S. Tariffs on the Global Wheel Speed Sensor Market
U.S. tariffs on imported automotive components have impacted the supply chain for wheel speed sensors. Many manufacturers rely on cost-effective production in Asia and Europe, so tariffs have increased the overall production cost for automakers sourcing these parts internationally. This has led to a reassessment of sourcing strategies and, in some cases, prompted local production to mitigate the impact of tariffs. While the tariffs pose short-term cost challenges, they have also encouraged domestic sensor innovation and reshoring efforts within North America&rsquo;s automotive supply chain.
Report Scope
&ldquo;Global Automotive Wheel Speed Sensor Market Assessment, Opportunities and Forecast, 2018-2032F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global automotive wheel speed sensor market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecasts between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
<table>
<tbody>
<tr>
<td width="301">
Report Attribute
</td>
<td width="301">
Details
</td>
</tr>
<tr>
<td width="301">
Segments Covered
</td>
<td width="301">
Vehicle Type, Sensor Type, Application Type
</td>
</tr>
<tr>
<td width="301">
Regions Covered
</td>
<td width="301">
North America, Europe, South America, Asia-Pacific, Middle East and Africa
</td>
</tr>
<tr>
<td width="301">
Key Companies Profiled
</td>
<td width="301">
Robert Bosch GmbH, Continental AG, Denso Corporation, NXP Semiconductors N.V., ZF Friedrichshafen AG, Astemo, Ltd, MELEXIS group, PHINIA Inc., Allegro MicroSystems, Inc, TE Connectivity plc &nbsp;
</td>
</tr>
<tr>
<td width="301">
Customization Scope
</td>
<td width="301">
15% free report customization with purchase
</td>
</tr>
<tr>
<td width="301">
Pricing and Purchase Options
</td>
<td width="301">
Avail the customized purchase options to fulfill your precise research needs
</td>
</tr>
<tr>
<td width="301">
Delivery Format
</td>
<td width="301">
PDF and Excel through email (subject to the license purchased)
</td>
</tr>
</tbody>
</table>
In the report, the&nbsp;global automotive wheel speed sensor market&nbsp;has been segmented into the following categories:&nbsp;
<ul>
<li>By Vehicle Type
<ul>
<li>Passenger Vehicles</li>
<li>Commercial Vehicles</li>
</ul>
</li>
<li>By Sensor Type
<ul>
<li>Active Sensors</li>
<li>Passive Sensors</li>
</ul>
</li>
<li>By Application Type
<ul>
<li>Anti-lock Braking System</li>
<li>Traction Control System</li>
<li>Electronic Stability Control</li>
<li>Others</li>
</ul>
</li>
<li>By Region
<ul>
<li>North America</li>
<li>Europe</li>
<li>Asia-Pacific</li>
<li>South America</li>
<li>Middle East and Africa</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Key players in the global automotive wheel speed sensor market are focusing on product innovation and strategic partnerships to maintain a competitive edge. They invest significantly in research and development to design sensors that offer higher accuracy, better durability, and seamless integration with evolving vehicle safety and ADAS platforms. Companies are expanding their global presence through joint ventures with regional automotive suppliers and local assembly operations to reduce supply chain risks and comply with local content regulations. They are also enhancing after-sales support and working closely with OEMs to provide customized solutions that align with new vehicle platforms. Sustainability initiatives, such as developing eco-friendly materials and manufacturing processes, are increasingly becoming part of their long-term strategy to appeal to environmentally conscious automakers.
For instance, in July 2024, Phinia Inc.'s brand Delphi launched nearly half of its 67 new Vehicle Electronics parts, including ABS Wheel Speed Sensors, covering major makers such as Ford, Honda, and Hyundai. These sensors feature advanced digital signal technology, robust protection against dirt and moisture, and undergo extreme testing for reliability in harsh conditions. Designed for easy, OE-matching installation, they support critical vehicle functions, including ABS, hill hold, and automatic parking assistance.
Key Players Operating in the Global Automotive Wheel Speed Sensor Market are:
<ul>
<li>Robert Bosch GmbH</li>
<li>Continental AG</li>
<li>Denso Corporation</li>
<li>NXP Semiconductors N.V.</li>
<li>ZF Friedrichshafen AG</li>
<li>Astemo, Ltd</li>
<li>MELEXIS group</li>
<li>PHINIA Inc.</li>
<li>Allegro MicroSystems, Inc</li>
<li>TE Connectivity plc</li>
</ul>
If you can't find what you're searching for or have any custom requirements for the global automotive wheel speed sensor market, you may approach our team at&nbsp;<a href="mailto:info@marketsandata.com">info@marketsandata.com</a>

Global Automotive Wheel Speed Sensor Market Assessment, Opportunities and Forecast, 2018-2032F

The global automotive wheel speed sensor market is growing due to strict safety norms, rising demand for ADAS, technological advancements, and the shift toward electric vehicles, with key players focusing on innovation and strategic partnerships.

FAQs

Industry Reports

Blogs

Case Studies

Industry News

Press Release

Infographics