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

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

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.

Global Automotive Steering Sensors Market summary

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.

Attributes	Details
Report Title	Automotive Steering Sensors Market –Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
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)
Regions	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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.

Global Automotive Steering Sensors Market vehicle type

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).

Global Automotive Steering Sensors Market region

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.

Global Automotive Steering Sensors Market keyplayers

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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