Automotive Steering Sensors Market Size, Share & Trends 2030
Automotive Steering Sensors Market Size, Share & Trends 2030
Segments - Automotive Steering Sensors Market 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), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :ICT-SE-1851
| 4.6 Rating
| 70 Reviews
| 189 Pages
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Report Description
The automotive steering sensors market size is estimated to register a substantial CAGR of over 11% during the forecast period, 2021–2028. The growth of the market is attributed to the latest advancements in the steering angle and multifunctional intelligent system sensors, aiding a better and safer drive.
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.
The Covid-19 pandemic had an adverse impact on the automotive steering sensors market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- A multifunctional intelligent system sensor which is aiding a better and safer drive is expected to drive the market during the forecast period.
- Growing awareness among the consumers regarding the advanced safety systems and technologies are estimated to propel the market in coming years.
- Rising concerns about passenger safety have obliged automobile manufacturers to equip their vehicles with driver assistance systems, including steering assistance systems which are likely to surge the automotive steering sensors market.
- The integration of numerous steering sensors in analectic power steering (EPS) helps provide additional safety benefits are anticipated to boost the market growth.
- Rising enactment of stringent fuel economy norms and safety initiatives by the governments and international associations are projected to fuel the automotive steering sensors market.
- R&D investment and technological advancement in automotive steering sensors market are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on automotive steering sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Automotive Steering Sensors Market –Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
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) |
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Regions |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Robert Bosch GmbH; Continental AG; DENSO Corporation; Valeo SA; and HELLA GmbH & Co. KgaA. |
Market Segment insights
The commercial vehicles segment is projected to constitute a large market share
Based on vehicle types, the automotive steering sensors market is segregated into passenger cars, light commercial vehicles, and heavy commercial vehicles. The commercial vehicles segment is expected to account for a key share of the market during the forecast period owing to owing to an increase in production and sales of trucks and semi-trailers and growth of e-commerce activities in the region; however, passenger car segment is anticipated to expand at a rapid pace during the forecast period owing to increasing demand for automatic hydraulic transmission and continuously variable transmission in passenger vehicles.
The position sensors segment is expected to register a substantial CAGR
Based on sensor type, the market is divided into health monitoring systems, torque and angle sensors, intelligent multi-functional sensor systems, position sensors, and others. The position sensors segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to rising concerns about passenger safety, the enactment of stringent fuel economy norms, along with safety initiatives by the governments and international associations and increasing and continuous developments and innovations in technology. Furthermore, 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 which are expected to drive the market during the forecast period.
Asia Pacific is expected to dominate the market
In terms of regions, the market is broadly classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a robust CAGR during the forecast period. Increasing per capita income of the middle-class population and cost advantages for original equipment manufacturers (OEMs) is expected to drive the market growth in near future. Furthermore, growing population and rising income levels which is leading 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).
Segments
Segments Covered in the Report
The automotive steering sensors market has been segmented on the basis of:-
Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Sensor Type
- Health Monitoring Systems
- Torque and Angle Sensors
- Intelligent Multi-functional Sensor Systems
- Position Sensors
- Other Sensor Types
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Companies
- Robert Bosch GmbH
- Continental AG
- DENSO Corporation
- Valeo SA
- HELLA GmbH & Co. KgaA
Competitive Landscape
Key players competing in the automotive steering sensors market include Robert Bosch GmbH; Continental AG; DENSO Corporation; Valeo SA; and HELLA GmbH & Co. KgaA.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Steering Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Steering Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Steering Sensors Market - Supply Chain
4.5. Global Automotive Steering Sensors Market Forecast
4.5.1. Automotive Steering Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Steering Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Steering Sensors Market Absolute $ Opportunity
5. Global Automotive Steering Sensors Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Automotive Steering Sensors Market Size and Volume Forecast by Types
5.3.1. Passenger Cars
5.3.2. Light Commercial Vehicles
5.3.3. Heavy Commercial Vehicles
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Steering Sensors Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Automotive Steering Sensors Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Automotive Steering Sensors Demand Share Forecast, 2019-2026
7. North America Automotive Steering Sensors Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Automotive Steering Sensors Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Automotive Steering Sensors Market Size and Volume Forecast by Types
7.4.1. Passenger Cars
7.4.2. Light Commercial Vehicles
7.4.3. Heavy Commercial Vehicles
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Automotive Steering Sensors Demand Share Forecast, 2019-2026
8. Latin America Automotive Steering Sensors Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Automotive Steering Sensors Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Automotive Steering Sensors Market Size and Volume Forecast by Types
8.4.1. Passenger Cars
8.4.2. Light Commercial Vehicles
8.4.3. Heavy Commercial Vehicles
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Automotive Steering Sensors Demand Share Forecast, 2019-2026
9. Europe Automotive Steering Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Automotive Steering Sensors Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Automotive Steering Sensors Market Size and Volume Forecast by Types
9.4.1. Passenger Cars
9.4.2. Light Commercial Vehicles
9.4.3. Heavy Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Automotive Steering Sensors Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Steering Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Automotive Steering Sensors Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Automotive Steering Sensors Market Size and Volume Forecast by Types
10.4.1. Passenger Cars
10.4.2. Light Commercial Vehicles
10.4.3. Heavy Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Automotive Steering Sensors Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Steering Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Automotive Steering Sensors Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Automotive Steering Sensors Market Size and Volume Forecast by Types
11.4.1. Passenger Cars
11.4.2. Light Commercial Vehicles
11.4.3. Heavy Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Automotive Steering Sensors Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Automotive Steering Sensors Market: Market Share Analysis
12.2. Automotive Steering Sensors Distributors and Customers
12.3. Automotive Steering Sensors Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Robert Bosch GmbH
12.4.2. Continental AG
12.4.3. DENSO Corporation
12.4.4. Valeo SA
12.4.5. HELLA GmbH & Co. KgaA
Methodology
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