Europe Automotive Steering Sensor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Automotive Steering Sensor Market Analysis
The Europe Automotive Electric Power Steering Sensor Market is projected to grow with a CAGR of more than 8% during the forecast period.
- Rising concerns about passenger safety have pushed 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.
- The main task of the steering sensors is to monitor the two key driver inputs that are the steering wheel angle and the amount of effort applied to turn the wheel. After processing these input signals, motor electronics then generate a responsive output that provides responsive assisted steering.
- One of the major sensor types, position sensors have various other applications apart from steering such as it is 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.
Europe Automotive Steering Sensor Market Trends
This section covers the major market trends shaping the Europe Automotive Steering Sensor Market according to our research experts:
Position Sensors is expected to hold the major share in the market
The evolution of the steering sensor has been in the form of a digital steering position sensor, which uses LED light for sensing technology. The LED light acts along with the wheel that is used as a shutter and an optic sensor that measures interruption in the light. The sensors produce a digital square wave signal with the frequency depending on the speed with which the wheel is turning. The signal is low when the wheel is kept straight and increases as the wheel is turned away from the center. Some of the recent advancements of the sensors are
In 2018, Hella showcased its steering and braking solutions in which it displayed the steering angle sensor, Torque and Angle Sensor (TAS). These sensors are based on contactless inductive position sensor (CIPOSA) technology, which measures the torque and angle of the steering wheel with accuracy.
Whereas in 2019, Infineon Technologies AG has launched a linear Hall sensor which was developed in accordance with the safety standard ISO26262 mainly for automotive applications. The XENSIV TLE4999I3 provides the highest level of functional safety (ASIL D). These include various features such as electric steering systems, electric throttle control systems, and pedal applications.
Similarly, in 2019, Guardian Optical Technologies launched its sensor technology. The company main motto is to reduce the number of sensors with a single sensor, as the new technology has the property of combining around 15 applications in one. Some of the features are passenger occupancy, forgotten items, forgotten passengers and driver monitoring, also company's in-cabin safety solution features Optical Cabin Control (OCC), look after the driver alertness by measuring various factors such as eyelid closure, head position, hand position on the steering wheel, and if the driver is holding a phone or not.
Spain is Projected to hold Significant Share in the Market:
Spain which is the 2nd larger car manufacturer in Europe after Germany has the presence of 9 multinational brands with 17 manufacturing plants. Around 90% of the vehicles manufactured in Spain are exported to more than 130 Countries.
But the country has faced huge setbacks due to the COVID-19 pandemic as all companies in the auto industry are expecting a loss of 20% or more revenue of this year, while others are anticipating negative results. To mitigate the effect of the outbreak government has unveiled a relief package for the Spain auto industry which accounts for the country's 10% of GDP.
On June 15, 2020, Spain government layout a Euro 3.75 billion plan with 21 measures for helping the automotive industry. Some parts of the total amount will be provided as direct aid, while around euro 2.7 billion will be provided through soft loans for the sector through the state-owned bank Instituto de Credito Espanol (ICO). Under this plan, new car buyers will receive between Euro 400 and Euro 4,000 subsidy for purchasing a new car that meets certain requirements.
Whereas, the development of new technologies that utilize nano and micro technology will help Spain's automotive steering sensor market grow. Increased R&D in the sensor industry is creating new opportunities for technological advancements that open up new horizons for steering applications.
Europe Automotive Steering Sensor Industry Overview
The European automotive steering sensor market is moderately fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the automotive steering sensor market are Robert Bosch GmbH, Continental AG andTE Connectivity. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that may help the car manufacturers to have an advantage over their rivals.
- For 2020 Ford puma, ZF Friedrichshafen AG has provided the electric power steering
- In 2019, NSK Ltd. which was a leader in electric power steering and Volkswagen AG have entered into a formal cooperation agreement, both companies steering divisions have agreed on development cooperation.
Europe Automotive Steering Sensor Market Leaders
Robert Bosch GmbH
Continental AG
DENSO Corporation
Valeo SA
HELLA GmbH & Co. KgaA
*Disclaimer: Major Players sorted in no particular order
Europe Automotive Steering Sensor Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Vehicle Type
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5.1.1 Passenger Cars
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5.1.2 Commercial Vehicles
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5.2 By Sensor Type
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5.2.1 Health Monitoring Systems
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5.2.2 Torque and Angle Sensors
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5.2.3 Position Sensors
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5.2.4 Others
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5.3 By Technology Type
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5.3.1 Contacting
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5.3.2 Magnetic
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5.4 By Country
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5.4.1 Germany
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5.4.2 United Kingdom
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5.4.3 Italy
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5.4.4 France
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5.4.5 Spain
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5.4.6 Norway
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5.4.7 The Netherlands
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5.4.8 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Robert Bosch GmbH
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6.2.2 DENSO Corporation
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6.2.3 Valeo SA
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6.2.4 HELLA GmbH & Co. KgaA
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6.2.5 Continental AG
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6.2.6 Honeywell Inc.
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6.2.7 Infineon Technology
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6.2.8 Nxp Semiconductors
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6.2.9 Sensata Technologies
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6.2.10 Bei Sensors
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6.2.11 Asahi Kasei
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Hitachi Metals
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Europe Automotive Steering Sensor Industry Segmentation
The European automotive electric power steering sensor market covers the latest trends and technological development and market demand by vehicle type, sensor type, technology type, country, and market share of major automotive power steering sensor manufacturing companies across Europe.
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Sensor Type | |
| Health Monitoring Systems | |
| Torque and Angle Sensors | |
| Position Sensors | |
| Others |
| By Technology Type | |
| Contacting | |
| Magnetic |
| By Country | |
| Germany | |
| United Kingdom | |
| Italy | |
| France | |
| Spain | |
| Norway | |
| The Netherlands | |
| Rest of Europe |
Europe Automotive Steering Sensor Market Research FAQs
What is the current Europe Automotive Steering Sensor Market size?
The Europe Automotive Steering Sensor Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Europe Automotive Steering Sensor Market?
Robert Bosch GmbH, Continental AG, DENSO Corporation, Valeo SA and HELLA GmbH & Co. KgaA are the major companies operating in the Europe Automotive Steering Sensor Market.
What years does this Europe Automotive Steering Sensor Market cover?
The report covers the Europe Automotive Steering Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Automotive Steering Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Automotive Steering Sensor Industry Report
Statistics for the 2024 Europe Automotive Steering Sensor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Automotive Steering Sensor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
