This Speed Sensor report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The speed sensor market size has grown strongly in recent years. It will grow from $9.51 billion in 2024 to $10.03 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to automotive industry growth, contactless sensing, traffic management, industrial automation, consumer electronics.
The speed sensor market size is expected to see strong growth in the next few years. It will grow to $12.43 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to autonomous vehicles, iot and smart cities, environmental regulations, emerging sensor technologies, rise of edge computing.Major trends in the forecast period include wireless speed sensors, high-resolution sensors, smart cities integration, vibration-based sensors, technological advancements.
An anticipated rise in vehicle production is expected to propel the growth of the speed sensor market. A vehicle is defined as any mode by which individuals travel or items are transported. Traditionally, vehicle speed sensors have been installed on the transmission or rear differential to monitor the rotational speed of the drive shaft. For example, a report released in May 2023 by the European Automobile Manufacturers' Association (ACEA) indicated that 85.4 million motor vehicles were manufactured globally in 2022, marking a 5.7% increase compared to 2021. As a result, the uptick in vehicle production is contributing to the expansion of the speed sensor market.
The expanding defense industry is anticipated to drive the growth of the speed sensor market in the future. The defense industry encompasses a range of companies and organizations engaged in the research, development, production, and maintenance of military hardware, equipment, technology, and services for a nation's armed forces. Speed sensors are utilized within the defense sector to improve the accuracy and efficiency of military equipment, including vehicles, aircraft, and weaponry, thereby enhancing performance, safety, and mission success. For example, a report published by the UK government's Ministry of Defense (MOD) in December 2022 indicated that defense spending for 2021-2022 reached $58.39 billion (£45.93 billion), reflecting an 8.4% increase. Consequently, the growth of the defense industry is propelling the expansion of the speed sensor market.
New product innovation is emerging as a prominent trend in the speed sensor market, with major companies actively developing innovative solutions to enhance their market position. For instance, in October 2023, Baumer Holding AG, a Switzerland-based manufacturer, introduced the IF250, an ultra-flat inductive sensor. Measuring only 6mm in height, the IF250 is the flattest inductive sensor of its type, capable of detecting objects up to 12mm, setting it apart in its class.
Major companies in the speed sensor market are directing their efforts towards the development of e-motor Rotor Position Sensors (eRPS), particularly for the electric automotive industry. An e-motor rotor position sensor precisely measures and reports the rotor's position within an electric motor, contributing to accurate control and enhanced efficiency. For instance, in February 2023, Continental AG, a Germany-based manufacturing company, launched the high-speed inductive e-motor Rotor Position Sensor (eRPS) designed for electric vehicles. This innovative sensor detects the rotor's exact position in a synchronous electric machine, increasing efficiency and enabling smoother operations.
In January 2024, Amphenol, a US-based company that specializes in designing, manufacturing, and marketing electrical, electronic, and fiber-optic connectors, along with other high-technology products, acquired Airmar Technology Corporation for an undisclosed sum. This acquisition is intended to enhance Amphenol's sensor portfolio, foster innovation through technology sharing, and bolster its market leadership, particularly in marine and industrial applications. Airmar Technology Corporation is a leading US-based manufacturer of sensor technologies.
Major companies operating in the speed sensor market include Sick AG, Petasense Inc., Allegro MicroSystems Inc., Robert Bosch GmbH, NXP Semiconductors NV, Continental AG, HELLA GmbH & Co. KGaA, ZF Friedrichshafen AG, DENSO CORPORATION, Hitachi Metals Ltd., Melexis NV, NTN Corp., WABCO India Ltd., Honeywell International Inc., Infineon Technologies AG, Sensata Technologies Inc., STMicroelectronics NV, Texas Instruments Incorporated, Ahlborn Meteorological Sensors, Proxitron GmbH, KELLER AG für Druckmesstechnik GmbH, Haris Sensor Technologies Pvt. Ltd., TE Connectivity Ltd., Honeywell Automation India Limited, Pepperl+Fuchs GmbH, Turck Inc., Baumer Group, Omron Corporation, Panasonic Corporation, IFM Electronic GmbH.
Asia-Pacific was the largest region in the speed sensor market in 2024. The regions covered in the speed sensor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the speed sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The speed sensor plays a crucial role in the functionality of numerous onboard systems, enabling the measurement of magnetic rotation speed and providing a corresponding voltage output. This sensor is designed to detect the rotational speed of gears within the transmission system. Subsequently, the sensor transforms this measurement into either an analog signal or a low-voltage square wave signal, transmitting it to electronic control units (ECUs). Its application extends to measuring the rotational speed of a vehicle's wheel.
The primary categories within the speed sensor market encompass inductive sensors, monopolar sensors, bipolar sensors, and active sensors. Inductive sensors are electronic devices capable of detecting ferrous metal targets without direct physical contact. Speed sensors find applications in various domains, including position sensing, pulse counting, functioning as flow meters for liquids and gases, coil applications, and other diverse uses. End-users of speed sensors span across industries such as aerospace and defense, automotive, electronics, healthcare, industrial and telecom, along with other sectors.
The speed sensor market research report is one of a series of new reports that provides speed sensor market statistics, including speed sensor industry global market size, regional shares, competitors with a speed sensor market share, detailed speed sensor market segments, market trends and opportunities, and any further data you may need to thrive in the speed sensor industry. This speed sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The speed sensor market consists of sales of magnetoresistive sensors, inductive sensors, variable reluctance magnetic speed sensors, and hall effect magnetic speed sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The speed sensor market size has grown strongly in recent years. It will grow from $9.51 billion in 2024 to $10.03 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to automotive industry growth, contactless sensing, traffic management, industrial automation, consumer electronics.
The speed sensor market size is expected to see strong growth in the next few years. It will grow to $12.43 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to autonomous vehicles, iot and smart cities, environmental regulations, emerging sensor technologies, rise of edge computing.Major trends in the forecast period include wireless speed sensors, high-resolution sensors, smart cities integration, vibration-based sensors, technological advancements.
An anticipated rise in vehicle production is expected to propel the growth of the speed sensor market. A vehicle is defined as any mode by which individuals travel or items are transported. Traditionally, vehicle speed sensors have been installed on the transmission or rear differential to monitor the rotational speed of the drive shaft. For example, a report released in May 2023 by the European Automobile Manufacturers' Association (ACEA) indicated that 85.4 million motor vehicles were manufactured globally in 2022, marking a 5.7% increase compared to 2021. As a result, the uptick in vehicle production is contributing to the expansion of the speed sensor market.
The expanding defense industry is anticipated to drive the growth of the speed sensor market in the future. The defense industry encompasses a range of companies and organizations engaged in the research, development, production, and maintenance of military hardware, equipment, technology, and services for a nation's armed forces. Speed sensors are utilized within the defense sector to improve the accuracy and efficiency of military equipment, including vehicles, aircraft, and weaponry, thereby enhancing performance, safety, and mission success. For example, a report published by the UK government's Ministry of Defense (MOD) in December 2022 indicated that defense spending for 2021-2022 reached $58.39 billion (£45.93 billion), reflecting an 8.4% increase. Consequently, the growth of the defense industry is propelling the expansion of the speed sensor market.
New product innovation is emerging as a prominent trend in the speed sensor market, with major companies actively developing innovative solutions to enhance their market position. For instance, in October 2023, Baumer Holding AG, a Switzerland-based manufacturer, introduced the IF250, an ultra-flat inductive sensor. Measuring only 6mm in height, the IF250 is the flattest inductive sensor of its type, capable of detecting objects up to 12mm, setting it apart in its class.
Major companies in the speed sensor market are directing their efforts towards the development of e-motor Rotor Position Sensors (eRPS), particularly for the electric automotive industry. An e-motor rotor position sensor precisely measures and reports the rotor's position within an electric motor, contributing to accurate control and enhanced efficiency. For instance, in February 2023, Continental AG, a Germany-based manufacturing company, launched the high-speed inductive e-motor Rotor Position Sensor (eRPS) designed for electric vehicles. This innovative sensor detects the rotor's exact position in a synchronous electric machine, increasing efficiency and enabling smoother operations.
In January 2024, Amphenol, a US-based company that specializes in designing, manufacturing, and marketing electrical, electronic, and fiber-optic connectors, along with other high-technology products, acquired Airmar Technology Corporation for an undisclosed sum. This acquisition is intended to enhance Amphenol's sensor portfolio, foster innovation through technology sharing, and bolster its market leadership, particularly in marine and industrial applications. Airmar Technology Corporation is a leading US-based manufacturer of sensor technologies.
Major companies operating in the speed sensor market include Sick AG, Petasense Inc., Allegro MicroSystems Inc., Robert Bosch GmbH, NXP Semiconductors NV, Continental AG, HELLA GmbH & Co. KGaA, ZF Friedrichshafen AG, DENSO CORPORATION, Hitachi Metals Ltd., Melexis NV, NTN Corp., WABCO India Ltd., Honeywell International Inc., Infineon Technologies AG, Sensata Technologies Inc., STMicroelectronics NV, Texas Instruments Incorporated, Ahlborn Meteorological Sensors, Proxitron GmbH, KELLER AG für Druckmesstechnik GmbH, Haris Sensor Technologies Pvt. Ltd., TE Connectivity Ltd., Honeywell Automation India Limited, Pepperl+Fuchs GmbH, Turck Inc., Baumer Group, Omron Corporation, Panasonic Corporation, IFM Electronic GmbH.
Asia-Pacific was the largest region in the speed sensor market in 2024. The regions covered in the speed sensor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the speed sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The speed sensor plays a crucial role in the functionality of numerous onboard systems, enabling the measurement of magnetic rotation speed and providing a corresponding voltage output. This sensor is designed to detect the rotational speed of gears within the transmission system. Subsequently, the sensor transforms this measurement into either an analog signal or a low-voltage square wave signal, transmitting it to electronic control units (ECUs). Its application extends to measuring the rotational speed of a vehicle's wheel.
The primary categories within the speed sensor market encompass inductive sensors, monopolar sensors, bipolar sensors, and active sensors. Inductive sensors are electronic devices capable of detecting ferrous metal targets without direct physical contact. Speed sensors find applications in various domains, including position sensing, pulse counting, functioning as flow meters for liquids and gases, coil applications, and other diverse uses. End-users of speed sensors span across industries such as aerospace and defense, automotive, electronics, healthcare, industrial and telecom, along with other sectors.
The speed sensor market research report is one of a series of new reports that provides speed sensor market statistics, including speed sensor industry global market size, regional shares, competitors with a speed sensor market share, detailed speed sensor market segments, market trends and opportunities, and any further data you may need to thrive in the speed sensor industry. This speed sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The speed sensor market consists of sales of magnetoresistive sensors, inductive sensors, variable reluctance magnetic speed sensors, and hall effect magnetic speed sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Speed Sensor Market Characteristics3. Speed Sensor Market Trends and Strategies4. Speed Sensor Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Speed Sensor Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Speed Sensor Market34. Recent Developments in the Speed Sensor Market
5. Global Speed Sensor Growth Analysis and Strategic Analysis Framework
6. Speed Sensor Market Segmentation
7. Speed Sensor Market Regional and Country Analysis
8. Asia-Pacific Speed Sensor Market
9. China Speed Sensor Market
10. India Speed Sensor Market
11. Japan Speed Sensor Market
12. Australia Speed Sensor Market
13. Indonesia Speed Sensor Market
14. South Korea Speed Sensor Market
15. Western Europe Speed Sensor Market
16. UK Speed Sensor Market
17. Germany Speed Sensor Market
18. France Speed Sensor Market
19. Italy Speed Sensor Market
20. Spain Speed Sensor Market
21. Eastern Europe Speed Sensor Market
22. Russia Speed Sensor Market
23. North America Speed Sensor Market
24. USA Speed Sensor Market
25. Canada Speed Sensor Market
26. South America Speed Sensor Market
27. Brazil Speed Sensor Market
28. Middle East Speed Sensor Market
29. Africa Speed Sensor Market
30. Speed Sensor Market Competitive Landscape and Company Profiles
31. Speed Sensor Market Other Major and Innovative Companies
35. Speed Sensor Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Speed Sensor Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on speed sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for speed sensor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The speed sensor market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Inductive Sensor; Monopolar; Bipolar; Active Sensor2) by Application: Position Sensing; Pulse Counting; Liquid and Gas Flow Meters; Speedometers; Coil Applications; Other Applications
3) by End User: Aerospace and Defense; Automotive; Electronics; Healthcare; Industrial IT and Telecom; Other End-Users
Subsegments:
1) by Inductive Sensor: Passive Inductive Sensors; Active Inductive Sensors; Differential Inductive Sensors2) by Monopolar: Single Channel Monopolar Sensors; Dual Channel Monopolar Sensors
3) by Bipolar: Single Channel Bipolar Sensors; Dual Channel Bipolar Sensors
4) by Active Sensor: Hall Effect Sensors; Optical Sensors; Magnetic Sensors
Key Companies Mentioned: Sick AG; Petasense Inc.; Allegro MicroSystems Inc.; Robert Bosch GmbH; NXP Semiconductors NV
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Speed Sensor market report include:- Sick AG
- Petasense Inc.
- Allegro MicroSystems Inc.
- Robert Bosch GmbH
- NXP Semiconductors NV
- Continental AG
- HELLA GmbH & Co. KGaA
- ZF Friedrichshafen AG
- DENSO CORPORATION
- Hitachi Metals Ltd.
- Melexis NV
- NTN Corp.
- WABCO India Ltd.
- Honeywell International Inc.
- Infineon Technologies AG
- Sensata Technologies Inc.
- STMicroelectronics NV
- Texas Instruments Incorporated
- Ahlborn Meteorological Sensors
- Proxitron GmbH
- KELLER AG für Druckmesstechnik GmbH
- Haris Sensor Technologies Pvt. Ltd.
- TE Connectivity Ltd.
- Honeywell Automation India Limited
- Pepperl+Fuchs GmbH
- Turck Inc.
- Baumer Group
- Omron Corporation
- Panasonic Corporation
- IFM Electronic GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 10.03 Billion |
| Forecasted Market Value ( USD | $ 12.43 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
