Global Automotive Speed Encoder Market Growth 2023-2029

Global Automotive Speed Encoder Market Growth 2023-2029

Encoders are sensors that generate digital signals in response to movement, it has characteristics such as high-precision, large range measurement, fast response, digitized output; it is small size, light weight, compact, easy to install, simple to maintain, work reliably.

According to the measurement method, there are three types: linear encoders, angular encoders, rotary encoders, encoder used in the automobile industry for measuring wheel speed is rotary encoder.

LPI (LP Information)' newest research report, the “Automotive Speed Encoder Industry Forecast” looks at past sales and reviews total world Automotive Speed Encoder sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Speed Encoder sales for 2023 through 2029. With Automotive Speed Encoder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Speed Encoder industry.

This Insight Report provides a comprehensive analysis of the global Automotive Speed Encoder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Speed Encoder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Speed Encoder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Speed Encoder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Speed Encoder.

The global Automotive Speed Encoder market size is projected to grow from US$ 510.8 million in 2022 to US$ 611.1 million in 2029; it is expected to grow at a CAGR of 611.1 from 2023 to 2029.

US is the largest Automotive Speed Encoder market with about 28% market share. Europe is follower, accounting for about 26% market share.

The key players are NTN-SNR, Freudenberg-NOK, Dynapar, Renishaw, TE Connectivity Ltd, Hutchinson, LENORD+BAUER, AMS, Baumer Hübner, Timken, ADMOTEC, Allegro MicroSystems, VS Sensorik GmbH, Doway Tech, Ha Nan Ye, EBI, Unionstar Electronics, Haining Zhongteng, Xinyak Sensor etc. Top 3 companies occupied about 36% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Speed Encoder market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Axial Encoder

Radial Encoder

Segmentation by application

Passenger Car

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

NTN-SNR

Freudenberg-NOK

Dynapar

Renishaw

TE Connectivity Ltd

Hutchinson

LENORD+BAUER

AMS

Baumer Hübner

Timken

ADMOTEC

Allegro MicroSystems

VS Sensorik GmbH

Doway Tech

Ha Nan Ye

EBI

Unionstar Electronics

Haining Zhongteng

Xinyak Sensor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Speed Encoder market?

What factors are driving Automotive Speed Encoder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Speed Encoder market opportunities vary by end market size?

How does Automotive Speed Encoder break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.