5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
The Automotive Steering Sensors Market is segmented by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), Sensor Type (Health Monitoring Systems, Torque and Angle Sensors, Intelligent Multi-functional Sensor Systems, Position Sensors, and Other Sensor Types), Technology (Contacting and Magnetic), and Geography.
2018 - 2026
Fastest Growing Market:
The automotive steering sensors market is anticipated to register a CAGR of over 11% during the forecast period (2020 - 2025).
Steering sensors are crucial for measuring the rotational angle of a steering wheel and communicate information on navigation. The automotive steering sensors market covers the increasing adoption of safety measures in both passenger cars and commercial vehicles, the impact of government regulations on manufacturers, initiatives taken by the government to boost the scope of steering sensors adoption, new innovations, and competitive landscape of players operating the market. Additionally, the report has been segmented by vehicle type, sensor type, technology, and geography.
The scope of the report includes:
|Health Monitoring Systems|
|Torque and Angle Sensors|
|Intelligent Multi-functional Sensor Systems|
|Other Sensor Types|
|Light Commercial Vehicles|
|Heavy Commercial Vehicles|
Report scope can be customized per your requirements. Click here.
Advanced safety and security features are no longer restricted to premium vehicles. With the growing awareness among the consumers regarding the advanced safety systems and technologies, they are now focusing on opting vehicles with better safety systems. Rising concerns about passenger safety have obliged automobile manufacturers to equip their vehicles with driver assistance systems, including steering assistance systems. The integration of numerous steering sensors in analectic power steering (EPS) helps provide additional safety benefits to the driver. Moreover, the enactment of stringent fuel economy norms, along with safety initiatives by the governments and international associations, are considered important drivers for the growth and development of the advanced steering systems (such as EPS), which employ steering sensors comprehensively.
With the increasing and continuous developments and innovations in technology, the demand for electronic sensors for these position sensors in the automotive market is more. Hence, the market for automotive position sensors is anticipated to witness significant growth during the forecast period. In recent times, the changing focus of the automotive industry to technological trends, such as electrification and autonomous driving, boosted the demand in the automotive position sensors market. At the same time, the manufacturer's inclination toward the integration of position sensors in vehicles portrays a positive outlook of continuous growth in the automotive position sensor market.
The increasing stringent government regulations regarding automobile safety and global car production have also significantly contributed to the growth of the market. Besides, these main applications, position sensors are used in brake pedal position sensing, clutch pedal position sensing, accelerator pedal position sensing, seat and headrest position sensing, electric roof position sensing, sunroof position sensing, windscreen wiper position sensing, crash sensing, valve position sensing, gear shift position sensing, headlight position sensing, manifold flap position sensing, and seat position sensing. Due to the use of position sensors in a wide range of applications, the position sensors segment of the market is projected to grow significantly during the forecast period.
To understand key trends, Download Sample Report
The Asia-Pacific region is expected to become the major market for the manufacture of these systems, with India, Japan, and China moving toward becoming manufacturing hubs for automotive components and sourcing the same to countries, such as the United States and Germany.
The automotive industry in Asia-Pacific has been very dynamic over the past few years, owing to increasing per capita income of the middle-class population and cost advantages for original equipment manufacturers (OEMs). The region is known for producing compact and cost-effective cars and comprises some of the fastest-developing economies of the world, including China and India.
Asia-Pacific is estimated to be the largest market for automobiles in the world. The growth of the automotive sensors market in Asia-Pacific can be attributed to the growing population and rising income levels, which led to increased demand for automobiles. The automotive sensors market in Asia-Pacific has significant growth potential, owing to low automobile production costs, easy availability of economical labor, lenient emission, safety norms, and government initiatives to support foreign direct investments (FDIs).
With the growing advancement in technology, sensor products have also been consistently upgrading and improved in the automotive industry. For instance:
Such improved sensor products for the steering system are likely to continue to see an increasing adoption among automakers during the forecast period.
To understand geography trends, Download Sample Report.
The automotive steering sensors market is dominated by several players, such as Robert Bosch GmbH, Continental AG, Delphi Automotive (Aptiv PLC), DENSO Corporation, Infineon Technologies AG, CTS Corporation, Valeo SA, and HELLA GmbH & Co. KgaA. The automotive steering sensors market in the region has undergone a lot of mergers and acquisitions, making the top-five players, a significant contributor in the steering sensors market.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Sensor Type
5.1.1 Health Monitoring Systems
5.1.2 Torque and Angle Sensors
5.1.3 Intelligent Multi-functional Sensor Systems
5.1.4 Position Sensors
5.1.5 Other Sensor Types
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Light Commercial Vehicles
5.2.3 Heavy Commercial Vehicles
5.4.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.4.4 South America
126.96.36.199 Rest of South America
5.4.5 Middle-East and Africa
188.8.131.52 United Arab Emirates
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Robert Bosch GmbH
6.2.2 DENSO Corporation
6.2.3 Valeo SA
6.2.4 HELLA GmbH & Co. KgaA
6.2.5 Methode Electronics Inc.
6.2.6 Continental AG
6.2.7 Honeywell Inc.
6.2.8 Infineon Technology
6.2.9 Nxp Semiconductors
6.2.10 Sensata Technologies
6.2.11 Hitachi Metals
6.2.12 Bei Sensors
6.2.13 Asahi Kasei
7. MARKET OPPORTUNITIES AND FUTURE TRENDS