Automotive Wheel Speed Sensor Market on the Rise [2028]- A Deep Dive into the Growth & Forecast
According to TechSci Research report, “ Global Automotive Wheel Speed Sensor Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Wheel Speed Sensor Market stood at USD 6.8 Billion in 2022 and is anticipated to grow with a CAGR of 4.07% in the forecast period, 2024-2028. The global automotive wheel speed sensor market is experiencing an extraordinary surge in growth, fueled primarily by the rising demand for advanced safety features in automobiles. As drivers and passengers alike prioritize safety on the roads, the need for highly reliable and accurate wheel speed sensors becomes even more paramount. These sensors play a crucial role in monitoring the rotational speed of vehicle wheels, providing vital data to various safety systems such as anti-lock braking systems (ABS) and electronic stability control (ESC). By continuously monitoring wheel speed, these sensors enable prompt detection of wh...