Product Code: A323799
Automotive Speed Encoder Market
The automotive speed encoder market was valued at $510.8 million in 2023 and is projected to reach $701.3 million by 2033, growing at a CAGR of 3.5% from 2024 to 2033.
Automotive speed encoder, also known as a vehicle speed sensor, is a device that measures the rotational speed of the wheels or drivetrain components of a vehicle. The information provided by the device is critical for several functions of vehicles such as speedometer readings, cruise control operation, anti-lock braking systems, and traction control systems. Furthermore, the data provided is useful for the electronic control systems of vehicles, including transmission control module and engine control unit. The automotive speed encoder market includes the development of encoder systems, sensor technologies, and other related components customized according to the requirements of modern automotive applications for precise speed sensing and regulation.
The automotive speed encoder market is witnessing growth due to surge in adoption of electric & hybrid vehicles, increase in integration with advanced driver-assistance systems (ADAS) systems, and rise in focus on vehicle safety & performance. Moreover, technical advancements in encoder technology, including development of optical and magnetic encoders with high environmental resistance & reliability are driving the demand for automotive speed encoders. In recent times, the miniaturization of encoders and their integration with additional components such as motor controllers are acquiring traction owing to rise in adoption of electric vehicles (EVs). EVs typically have limited space due to the presence of multiple electronic components, thereby encouraging the miniaturization of encoders.
However, the automotive industry is highly fragmented which presents challenges regarding the integration and calibration of automotive speed encoders in certain types of vehicles. These challenges restrain the market growth significantly. In addition, disruption of the supply chain is a periodic problem in the market owing to frequent shortages of crucial components or materials. On the contrary, the assimilation of encoders with several ingenious technologies such as ADAS, vehicle-to-everything (V2X) communication, data analytics, and telematics is leading to innovations in the market and extending the role of speed encoders, along with elevating the capabilities of vehicles.
Segment Review
The automotive speed encoder market is segmented into type, application, and region. On the basis of type, the market is bifurcated into axial encoder and radial encoder. By application, it is divided into passenger cars and commercial vehicles. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the axial encoder segment is anticipated to show rapid growth throughout the forecast period.
By application, the passenger cars segment is projected to lead during the forecast period.
Region wise, North America is expected to be the highest revenue generator in the automotive speed encoder market by 2033.
Competition Analysis
The major players operating in the global automotive speed encoder market include NTN-SNR, ams-OSRAM AG., Dynapar, Embla Systems, Freudenberg-NOK, Haining Zhongteng, TE Connectivity Ltd., Timken, Hutchinson, and Renishaw plc. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
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- Investment Opportunities
- Market share analysis of players by products/segments
- Regulatory Guidelines
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- Additional country or region analysis- market size and forecast
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Type
- Axial Encoder
- Radial Encoder
By Application
- Passenger Cars
- Commercial Vehicles
By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players:
- NTN-SNR
- ams-OSRAM AG.
- Dynapar
- Embla Systems
- Freudenberg-NOK
- Haining Zhongteng
- TE Connectivity Ltd.
- Timken
- Hutchinson
- Renishaw plc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report Description
- 1.2. Key Market Segments
- 1.3. Key Benefits
- 1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
- 3.1. Market Definition and Scope
- 3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
- 3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: AUTOMOTIVE SPEED ENCODER MARKET, BY TYPE
- 4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Type
- 4.2. Axial Encoder
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
- 4.3. Radial Encoder
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
CHAPTER 5: AUTOMOTIVE SPEED ENCODER MARKET, BY APPLICATION
- 5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Application
- 5.2. Passenger Cars
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
- 5.3. Commercial Vehicles
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
CHAPTER 6: AUTOMOTIVE SPEED ENCODER MARKET, BY REGION
- 6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
- 6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Type
- 6.2.3. Market Size and Forecast, By Application
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Automotive Speed Encoder Market
- 6.2.5.1. Market Size and Forecast, By Type
- 6.2.5.2. Market Size and Forecast, By Application
- 6.2.6. Canada Automotive Speed Encoder Market
- 6.2.6.1. Market Size and Forecast, By Type
- 6.2.6.2. Market Size and Forecast, By Application
- 6.2.7. Mexico Automotive Speed Encoder Market
- 6.2.7.1. Market Size and Forecast, By Type
- 6.2.7.2. Market Size and Forecast, By Application
- 6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Type
- 6.3.3. Market Size and Forecast, By Application
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. France Automotive Speed Encoder Market
- 6.3.5.1. Market Size and Forecast, By Type
- 6.3.5.2. Market Size and Forecast, By Application
- 6.3.6. Germany Automotive Speed Encoder Market
- 6.3.6.1. Market Size and Forecast, By Type
- 6.3.6.2. Market Size and Forecast, By Application
- 6.3.7. Italy Automotive Speed Encoder Market
- 6.3.7.1. Market Size and Forecast, By Type
- 6.3.7.2. Market Size and Forecast, By Application
- 6.3.8. Spain Automotive Speed Encoder Market
- 6.3.8.1. Market Size and Forecast, By Type
- 6.3.8.2. Market Size and Forecast, By Application
- 6.3.9. UK Automotive Speed Encoder Market
- 6.3.9.1. Market Size and Forecast, By Type
- 6.3.9.2. Market Size and Forecast, By Application
- 6.3.10. Russia Automotive Speed Encoder Market
- 6.3.10.1. Market Size and Forecast, By Type
- 6.3.10.2. Market Size and Forecast, By Application
- 6.3.11. Rest of Europe Automotive Speed Encoder Market
- 6.3.11.1. Market Size and Forecast, By Type
- 6.3.11.2. Market Size and Forecast, By Application
- 6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Type
- 6.4.3. Market Size and Forecast, By Application
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Automotive Speed Encoder Market
- 6.4.5.1. Market Size and Forecast, By Type
- 6.4.5.2. Market Size and Forecast, By Application
- 6.4.6. Japan Automotive Speed Encoder Market
- 6.4.6.1. Market Size and Forecast, By Type
- 6.4.6.2. Market Size and Forecast, By Application
- 6.4.7. India Automotive Speed Encoder Market
- 6.4.7.1. Market Size and Forecast, By Type
- 6.4.7.2. Market Size and Forecast, By Application
- 6.4.8. South Korea Automotive Speed Encoder Market
- 6.4.8.1. Market Size and Forecast, By Type
- 6.4.8.2. Market Size and Forecast, By Application
- 6.4.9. Australia Automotive Speed Encoder Market
- 6.4.9.1. Market Size and Forecast, By Type
- 6.4.9.2. Market Size and Forecast, By Application
- 6.4.10. Thailand Automotive Speed Encoder Market
- 6.4.10.1. Market Size and Forecast, By Type
- 6.4.10.2. Market Size and Forecast, By Application
- 6.4.11. Malaysia Automotive Speed Encoder Market
- 6.4.11.1. Market Size and Forecast, By Type
- 6.4.11.2. Market Size and Forecast, By Application
- 6.4.12. Indonesia Automotive Speed Encoder Market
- 6.4.12.1. Market Size and Forecast, By Type
- 6.4.12.2. Market Size and Forecast, By Application
- 6.4.13. Rest of Asia-Pacific Automotive Speed Encoder Market
- 6.4.13.1. Market Size and Forecast, By Type
- 6.4.13.2. Market Size and Forecast, By Application
- 6.5. LAMEA
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Type
- 6.5.3. Market Size and Forecast, By Application
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Automotive Speed Encoder Market
- 6.5.5.1. Market Size and Forecast, By Type
- 6.5.5.2. Market Size and Forecast, By Application
- 6.5.6. South Africa Automotive Speed Encoder Market
- 6.5.6.1. Market Size and Forecast, By Type
- 6.5.6.2. Market Size and Forecast, By Application
- 6.5.7. Saudi Arabia Automotive Speed Encoder Market
- 6.5.7.1. Market Size and Forecast, By Type
- 6.5.7.2. Market Size and Forecast, By Application
- 6.5.8. UAE Automotive Speed Encoder Market
- 6.5.8.1. Market Size and Forecast, By Type
- 6.5.8.2. Market Size and Forecast, By Application
- 6.5.9. Argentina Automotive Speed Encoder Market
- 6.5.9.1. Market Size and Forecast, By Type
- 6.5.9.2. Market Size and Forecast, By Application
- 6.5.10. Rest of LAMEA Automotive Speed Encoder Market
- 6.5.10.1. Market Size and Forecast, By Type
- 6.5.10.2. Market Size and Forecast, By Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top Winning Strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
- 8.1. NTN-SNR
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
- 8.2. Ams-OSRAM AG.
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
- 8.3. Dynapar
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
- 8.4. Embla Systems
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
- 8.5. Freudenberg-NOK
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
- 8.6. Haining Zhongteng
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
- 8.7. TE Connectivity Ltd.
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
- 8.8. Timken
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
- 8.9. Hutchinson
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments
- 8.10. Renishaw
- 8.10.1. Company Overview
- 8.10.2. Key Executives
- 8.10.3. Company Snapshot
- 8.10.4. Operating Business Segments
- 8.10.5. Product Portfolio
- 8.10.6. Business Performance
- 8.10.7. Key Strategic Moves and Developments