To measure and display the speed of the vehicles speed-sensing gauge used in vehicles known as speedometer or speed meter. There are two types of speedometer mechanical speedometer and electronic speedometer. The speedometer cable attached to driving shaft of the vehicle, which is driven by engine. The drive shaft turns the wheels of the vehicle simultaneously rotate the magnet inside the cable, which produces the eddy current. Eddy current make the speed cup rotate that is indicates the speed of the vehicle. Rapid increase the production of vehicles across the globe is major driving factors, which fuel the market of the automotive speedometer in forecast period. Increase in the road safety parameters to reduce fatalities demand for automotive speedometer is likely to remain higher during forecast period. However, when tires get worn-out accuracy of the speedometer is less and it shows variations in speed due the several factors such as diameters of wheels, load of the vehicle, size o...