Market Report

Variable reluctance sensor also commonly called VR sensor is an electro-magnetic device that measures engine speed and position, transmission speed, and vehicle speed. It is used in wide range of industries to ensure and control engine speed and position. Globally, growing automotive industry, increasing instances of fatalities from accidents and stringent safety regulations into all major automotive markets are expected to remain some of the key growth drivers for variable reluctance sensors during the period of study. Request Sample Geographically, North America dominated the variable reluctance sensor market driven by higher demand and consumption of variable reluctance sensors into various industries especially into automotive industry. North America was followed by Europe and Asia-Pacific as the second and third largest market for variable reluctance sensor market. Asia Pacific is projected to have the fastest growth, owing to rapidly expanding end-use industrial base especially a...