Market Size of Europe Automotive Steering Sensor Industry
| 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.
