Automotive Steering Sensor Market Size and Trends 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 8.75 billion
CAGR (2023-2028)	6.9%
Fastest Growing Segment	Torque Sensors
Largest Market	Asia-Pacific

Market Overview

The Automotive Steering Sensor Market size reached USD 8.75 billion in 2022 and is expected to reach USD 12.95 billion by 2028.

The global automotive steering sensors market has emerged as a vital segment within the automotive industry, driven by the increasing integration of advanced driver assistance systems (ADAS) and the ongoing evolution toward semi-autonomous and autonomous vehicles. Steering sensors play a crucial role in enhancing vehicle safety, stability, and overall performance by providing real-time data to various control systems.

The rising demand for safer and more efficient driving experiences has led to the integration of steering sensors in modern vehicles. These sensors offer valuable information about steering angle, torque, and speed, enabling the vehicle's electronic control units (ECUs) to make instantaneous adjustments to optimize stability and responsiveness. Additionally, steering sensors are integral components of electronic power steering (EPS) systems, which have become the standard in modern vehicles due to their fuel efficiency and flexibility in adjusting steering effort according to driving conditions. The proliferation of ADAS features, such as lane departure warning systems, adaptive cruise control, and automated parking, has significantly contributed to the growth of the automotive steering sensors market. These features rely on accurate and reliable steering angle data to function effectively. By accurately sensing the driver's intended actions and vehicle movements, steering sensors enable ADAS systems to provide timely alerts or interventions, thereby enhancing safety and reducing the risk of accidents.

Furthermore, the transition toward autonomous driving has bolstered the importance of steering sensors. In semi-autonomous and autonomous vehicles, steering sensors play a critical role in maintaining precise control during various levels of automation. They are integral to achieving smooth transitions between manual and autonomous driving modes while ensuring that the vehicle follows its intended path accurately and safely.

Market competition and technological advancements have led to the development of innovative steering sensor technologies. Contactless sensors, such as Hall effect sensors and magneto strictive sensors, have gained prominence due to their durability and accuracy. Additionally, sensor fusion techniques that combine data from multiple sensors, including steering sensors, accelerometers, and gyroscopes, contribute to more robust and reliable control systems.

While the automotive steering sensors market presents numerous growth opportunities, challenges such as calibration complexities, sensor redundancy for safety, and ensuring interoperability with other vehicle systems must be addressed. Moreover, the increasing focus on cybersecurity in connected vehicles requires steering sensor manufacturers to implement robust security measures to safeguard the integrity of sensor data.

The global automotive steering sensors market is a dynamic and evolving sector driven by the integration of advanced driver assistance systems and the march toward autonomous driving. These sensors are pivotal in providing accurate steering data for enhanced safety, stability, and vehicle performance. As automotive technology continues to advance, the role of steering sensors is likely to expand, shaping the future of safe and efficient transportation.

Key Market Drivers

Rise of Advanced Driver Assistance Systems (ADAS)

One of the primary drivers behind the growth of the automotive steering sensors market is the rapid adoption of Advanced Driver Assistance Systems (ADAS). These systems, such as lane departure warning, adaptive cruise control, and automated parking, rely heavily on accurate and real-time steering data. Steering sensors play a pivotal role in providing the necessary information about steering angle, torque, and speed, enabling ADAS systems to make informed decisions and interventions. As vehicle manufacturers strive to enhance safety and comply with stringent safety regulations, the integration of steering sensors to support ADAS functionalities has become a crucial market driver.

Transition to Electric Power Steering (EPS) Systems

The automotive industry's shift from traditional hydraulic power steering to Electric Power Steering (EPS) systems is another significant driver for the steering sensors market. EPS systems offer numerous advantages, including improved fuel efficiency, reduced maintenance, and greater flexibility in adjusting steering effort. These systems rely on accurate steering angle data to provide optimal steering assistance to drivers. As EPS systems become more prevalent due to their efficiency and enhanced driving experience, the demand for reliable and precise steering sensors has grown in tandem.

Autonomous and Semi-Autonomous Driving Technologies

The ongoing pursuit of autonomous and semi-autonomous driving technologies is driving the demand for advanced steering sensors. These sensors provide vital inputs that enable vehicles to accurately assess their surroundings, make informed decisions, and execute precise maneuvers. Whether maintaining lane integrity, executing lane changes, or navigating complex urban environments, steering sensors are essential components for ensuring the safe and effective operation of these advanced driving systems. As automakers invest heavily in developing and deploying autonomous vehicles, the demand for high-quality steering sensors continues to increase.

Increasing Consumer Expectations

Modern consumers are increasingly seeking vehicles equipped with advanced safety features and enhanced driving experiences. The demand for vehicles with intuitive lane-keeping assistance, automated parking, and adaptive steering capabilities is growing. These features not only improve safety but also contribute to overall driving comfort. Steering sensors enable the seamless execution of these features by providing accurate and timely data to the vehicle's control systems. As consumer expectations evolve and the market becomes more competitive, automotive manufacturers are compelled to incorporate sophisticated steering sensor technologies to meet these demands.

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Key Market Challenges

Calibration and Integration Complexities a Significant Obstacle To Market Expansion

One of the major challenges in the automotive steering sensors market is the calibration and integration complexities that arise from the increasing number of sensors and electronic control units (ECUs) within modern vehicles. As vehicles become more technologically advanced and incorporate a variety of sensors for different purposes, ensuring accurate and synchronized data from steering sensors becomes more intricate. Precise calibration is essential to maintain the correct functioning of steering-related systems, such as Electronic Stability Control (ESC) and Lane Keeping Assist (LKA). Achieving seamless integration and calibration across these interconnected systems requires sophisticated engineering and testing processes, which can lead to additional costs and development time.

Sensor Redundancy and Functional Safety Is One of The Major Threat to Market Expansion

Ensuring the safety and reliability of steering systems is paramount in the automotive industry. However, with the increasing reliance on steering sensors for critical functions like autonomous driving and advanced safety features, the challenge of sensor redundancy and functional safety arises. Redundancy is necessary to ensure that a single sensor failure doesn't compromise vehicle control or safety. Implementing redundant steering sensors adds complexity to the system architecture and requires advanced fault-tolerant designs. Moreover, adhering to stringent functional safety standards such as ISO 26262 adds an additional layer of complexity to the development process, requiring thorough validation and verification of sensor systems.

Interoperability and Compatibility

The automotive industry is characterized by a wide range of vehicle models, makes, and manufacturers. This diversity can pose challenges in terms of interoperability and compatibility of steering sensor technologies across different vehicles. As sensor technologies evolve, ensuring that they can seamlessly integrate with various vehicle platforms becomes a significant concern. Different communication protocols, sensor interfaces, and software architectures can hinder the smooth integration of steering sensors and related control systems. Achieving cross-platform compatibility while maintaining high levels of performance and accuracy can be demanding, requiring standardization efforts and collaborative approaches within the industry.

The global automotive steering sensors market is experiencing growth driven by technological advancements, it also faces complex challenges that need to be addressed. The intricacies of calibration and integration, the demand for sensor redundancy and functional safety, and the need for interoperability across diverse vehicle platforms all contribute to the dynamic landscape of steering sensor development. Overcoming these challenges requires close collaboration among automakers, suppliers, and regulatory bodies to ensure the successful integration of steering sensor technologies while maintaining safety, reliability, and compatibility across the automotive ecosystem.

The automotive steering sensors market is a pivotal segment within the automotive industry that involves the development, production, and integration of sensors used in various steering systems. These sensors play a crucial role in modern vehicles by providing real-time data and feedback to enhance steering control, safety, and overall driving experience. They enable features such as electronic power steering, lane-keeping assistance, adaptive cruise control, and advanced driver assistance systems (ADAS). As the automotive industry continues to advance towards automation and connectivity, steering sensors are becoming increasingly integral to the functioning of vehicles, ensuring precision, responsiveness, and safety in steering operations. The market's growth is driven by factors like the rise of electric and autonomous vehicles, stringent safety regulations, and consumer demand for enhanced driving assistance features.

Key Market Trends

Rapid Advancements in Sensor Technology

A significant trend in the automotive steering sensors market is the rapid advancement of sensor technology. Sensor manufacturers are continually developing more accurate, reliable, and durable sensors that can provide real-time data with higher precision. Contactless sensors, such as Hall effect sensors and magneto strictive sensors, are gaining traction due to their ability to offer improved performance and longevity. Additionally, sensor fusion techniques that integrate data from multiple sensors, such as accelerometers and gyroscopes, are becoming more sophisticated, leading to more robust and accurate steering control systems.

Integration of Artificial Intelligence (AI) and Machine Learning (ML)

Another notable trend is the integration of AI and ML technologies into steering sensor systems. These technologies enable vehicles to analyze and interpret sensor data in real time, enhancing the accuracy of steering interventions and adaptive control systems. AI and ML algorithms can detect patterns in steering behavior, road conditions, and driver inputs, allowing vehicles to adapt their steering responses accordingly. This trend aligns with the growing emphasis on enhancing driving experiences and safety through predictive and responsive systems.

Shift towards Steer-by-Wire Systems

The automotive industry is witnessing a shift towards steer-by-wire systems, which electronically control steering functions without the need for a mechanical connection between the steering wheel and the wheels. This trend is gaining momentum as vehicles move toward higher levels of automation. Steer-by-wire systems offer more flexibility in steering response and customization, allowing manufacturers to tailor the driving experience to different driving modes and user preferences. These systems rely heavily on advanced steering sensors to accurately interpret driver inputs and translate them into steering actions, contributing to a smoother, more precise, and customizable driving experience.

Segmental Insights

Segmenting the market based on vehicle type offers insights into the varied demands of different vehicle categories. The market can be divided into passenger vehicles and commercial vehicles. Passenger vehicles, including sedans, SUVs, and hatchbacks, often prioritize driving comfort and safety features, which are heavily influenced by steering sensor technologies. Commercial vehicles, such as trucks and buses, have distinct requirements related to load-bearing capacity, stability, and maneuverability, driving the adoption of advanced steering sensors for improved performance and safety.

Another crucial segmentation is based on the technological level of the vehicles. This includes conventional vehicles and electric and autonomous vehicles. Conventional vehicles integrate steering sensors to enhance safety and stability. Electric vehicles (EVs) rely on steering sensors to optimize power consumption and adapt steering characteristics to the electric powertrain. Autonomous vehicles demand highly accurate and responsive steering sensors to navigate and execute maneuvers safely and precisely. The level of automation, whether assisted driving, conditional automation, or full automation, dictates the complexity and capabilities of steering sensor systems.

Geographical segmentation offers insights into regional variations in market trends and preferences. Different regions exhibit varying degrees of technological adoption and regulatory standards. Developed regions like North America and Europe often lead in terms of advanced steering sensor integration due to their mature automotive industries and stringent safety regulations. Emerging markets in Asia-Pacific and south America are witnessing increased adoption as they experience economic growth, urbanization, and rising consumer demands for safety and comfort features.

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Regional Insights

In North America, the automotive steering sensors market is driven by the region's well-established automotive industry and a strong focus on safety and technological innovation. The presence of major automotive manufacturers and a high level of consumer awareness regarding advanced driver assistance systems (ADAS) contribute to the significant adoption of steering sensor technologies. Stringent safety regulations and an emphasis on reducing road accidents have led to robust demand for sensors that enhance vehicle stability and control. Additionally, the growth of electric vehicles (EVs) and the gradual shift toward autonomous driving systems further propel the integration of sophisticated steering sensor solutions.

Europe boasts a mature automotive market and a culture of embracing advanced technologies, driving the widespread adoption of steering sensors. The region's stringent safety standards, coupled with consumer demand for enhanced driving experiences, push automakers to incorporate steering sensors for features like lane-keeping assistance and adaptive cruise control. Europe's well-developed road infrastructure and high levels of urbanization also contribute to the need for precise steering interventions in varying driving conditions. As the region transitions toward electric and autonomous vehicles, steering sensors become pivotal in ensuring the seamless integration of these technologies.

The Asia-Pacific region, with its vast population and growing economies, presents a dynamic landscape for the automotive steering sensors market. Countries like China, India, and Japan are witnessing robust growth in the automotive sector due to increasing disposable incomes and urbanization. This growth translates into rising demand for vehicles with advanced safety and driver assistance features, where steering sensors play a pivotal role. Moreover, Asia-Pacific is a hub for automotive manufacturing and innovation, fostering research and development in sensor technologies. As the region embraces electric mobility and autonomous driving, steering sensors are integral to meeting the evolving demands of consumers and regulators.

The Middle East and Africa region showcases a growing automotive steering sensors market driven by a combination of economic growth, increasing industrial activities, and infrastructure development. The construction and tourism sectors contribute to the demand for commercial and passenger vehicles, where steering sensors play a role in ensuring safety and stability. The adoption of advanced technologies in this region is gradually increasing, as vehicle manufacturers focus on enhancing driving experiences and complying with global safety standards.

South America's automotive steering sensors market is influenced by economic conditions, regulatory variations, and unique consumer preferences. While economic fluctuations can impact market dynamics, the demand for commercial vehicles in sectors like agriculture and logistics drives the integration of steering sensor technologies. Government initiatives aimed at improving road safety contribute to the adoption of sensors that enhance vehicle stability and control. While adoption rates might vary across countries within the region, the overall growth trajectory of the market is linked to economic growth and the modernization of transportation systems.

The regional insights into the global automotive steering sensors market highlight the diverse factors influencing the adoption of steering sensor technologies in different parts of the world. Economic conditions, regulatory environments, technological advancements, and consumer preferences collectively shape the growth trajectories of the market across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Recent Developments

In May 2023, Hella intends to produce steering sensors in bulk for steer-by-wire systems that are entirely electric.
In May 2023, Asahi Kasei is racing to develop a method for passively detecting drunk drivers and deliver it in time for a new technological mandate in the United States.
In October 2022 - A steer-by-wire technology that does away with the traditional steering wheel prototyped by Hitachi Astemo Co. Ltd.
In October 2022, for autos and industrial machinery, TDK Corporation created the TAS4240 tiny analogue angle sensor with tunnel-magnetoresistance (TMR). The TAS4240 is anticipated to be employed as a sensor for brushless DC motors and permanent-magnet motors used in power steering systems, brake boosters, and other applications in automotive settings.

Key Market Players

Robert Bosch GmbH
DENSO Corporation
HELLA GmbH & Co. KgaA
Methode Electronics Inc.
Continental AG
Honeywell Inc.
Infineon Technology
NXP Semiconductors N.V.
Sensata Technologies
Hitachi Metals.

By Sensor Type	By Vehicle Type	By Technology	By Geography
Health Monitoring Systems Torque Sensors Intelligent Multi-functional Sensor Systems Position Sensors/Angle Sensors Others	Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles	Contacting Magnetic	North America Europe Asia-Pacific South America Middle East & Africa.

Report Scope:

In this report, the Global Automotive Steering Sensor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Automotive Steering Sensor Market, By Sensor Type:

o Health Monitoring Systems

o Torque Sensors

o Intelligent Multi-functional Sensor Systems

o Position Sensors/Angle Sensors

o Other Sensor Types Bus

Automotive Steering Sensor Market, By Vehicle Type:

o Passenger Cars

o Light Commercial Vehicles

o Heavy Commercial Vehicles

Automotive Steering Sensor Market, By Technology:

o Contacting

o Magnetic

Automotive Steering Sensor Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ South Korea

§ Australia

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Egypt

§ Iran

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Steering Sensor Market.

Available Customizations:

Global Automotive Steering Sensor Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Automotive Steering Sensor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Automotive Steering Sensor Market

5. Global Automotive Steering Sensor Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Sensor Type Market Share Analysis (Health Monitoring Systems, Torque Sensors, Intelligent Multi-functional Sensor Systems, Position Sensors/Angle Sensors, and Other Sensor Types)

5.2.2. By Vehicle Type Market Share Analysis (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles)

5.2.3. By Technology Market Share Analysis (Contacting and Magnetic)

5.2.4. By Regional Market Share Analysis

5.2.4.1. Asia-Pacific Market Share Analysis

5.2.4.2. Europe Market Share Analysis

5.2.4.3. North America Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3. Global Automotive Steering Sensor Market Mapping & Opportunity Assessment

5.3.1. By Sensor Type Market Mapping & Opportunity Assessment

5.3.2. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.3. By Technology Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Automotive Steering Sensor Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Sensor Type Market Share Analysis

6.2.2. By Vehicle Type Market Share Analysis

6.2.3. By Technology Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Thailand Market Share Analysis

6.2.4.6. South Korea Market Share Analysis

6.2.4.7. Australia Market Share Analysis

6.2.4.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Automotive Steering Sensor Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Sensor Type Market Share Analysis

6.3.1.2.2. By Vehicle Type Market Share Analysis

6.3.1.2.3. By Technology Market Share Analysis

6.3.2. India Automotive Steering Sensor Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Sensor Type Market Share Analysis

6.3.2.2.2. By Vehicle Type Market Share Analysis

6.3.2.2.3. By Technology Market Share Analysis

6.3.3. Japan Automotive Steering Sensor Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Sensor Type Market Share Analysis

6.3.3.2.2. By Vehicle Type Market Share Analysis

6.3.3.2.3. By Technology Market Share Analysis

6.3.4. Indonesia Automotive Steering Sensor Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Sensor Type Market Share Analysis

6.3.4.2.2. By Vehicle Type Market Share Analysis

6.3.4.2.3. By Technology Market Share Analysis

6.3.5. Thailand Automotive Steering Sensor Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Sensor Type Market Share Analysis

6.3.5.2.2. By Vehicle Type Market Share Analysis

6.3.5.2.3. By Technology Market Share Analysis

6.3.6. South Korea Automotive Steering Sensor Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Sensor Type Market Share Analysis

6.3.6.2.2. By Vehicle Type Market Share Analysis

6.3.6.2.3. By Technology Market Share Analysis

6.3.7. Australia Automotive Steering Sensor Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Sensor Type Market Share Analysis

6.3.7.2.2. By Vehicle Type Market Share Analysis

6.3.7.2.3. By Technology Market Share Analysis

7. Europe Automotive Steering Sensor Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Sensor Type Market Share Analysis

7.2.2. By Vehicle Type Market Share Analysis

7.2.3. By Technology Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. Germany Market Share Analysis

7.2.4.2. Spain Market Share Analysis

7.2.4.3. France Market Share Analysis

7.2.4.4. Russia Market Share Analysis

7.2.4.5. Italy Market Share Analysis

7.2.4.6. United Kingdom Market Share Analysis

7.2.4.7. Belgium Market Share Analysis

7.2.4.8. Rest of Europe Market Share Analysis

7.3. Europe: Country Analysis

7.3.1. Germany Automotive Steering Sensor Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Sensor Type Market Share Analysis

7.3.1.2.2. By Vehicle Type Market Share Analysis

7.3.1.2.3. By Technology Market Share Analysis

7.3.2. Spain Automotive Steering Sensor Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Sensor Type Market Share Analysis

7.3.2.2.2. By Vehicle Type Market Share Analysis

7.3.2.2.3. By Technology Market Share Analysis

7.3.3. France Automotive Steering Sensor Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Sensor Type Market Share Analysis

7.3.3.2.2. By Vehicle Type Market Share Analysis

7.3.3.2.3. By Technology Market Share Analysis

7.3.4. Italy Automotive Steering Sensor Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Sensor Type Market Share Analysis

7.3.4.2.2. By Vehicle Type Market Share Analysis

7.3.4.2.3. By Technology Market Share Analysis

7.3.5. United Kingdom Automotive Steering Sensor Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Sensor Type Market Share Analysis

7.3.5.2.2. By Vehicle Type Market Share Analysis

7.3.5.2.3. By Technology Market Share Analysis

7.3.6. Belgium Automotive Steering Sensor Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Sensor Type Market Share Analysis

7.3.6.2.2. By Vehicle Type Market Share Analysis

7.3.6.2.3. By Technology Market Share Analysis

8. North America Automotive Steering Sensor Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Sensor Type Market Share Analysis

8.2.2. By Vehicle Type Market Share Analysis

8.2.3. By Technology Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Canada Market Share Analysis

8.2.4.3. Mexico Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Automotive Steering Sensor Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Sensor Type Market Share Analysis

8.3.1.2.2. By Vehicle Type Market Share Analysis

8.3.1.2.3. By Technology Market Share Analysis

8.3.2. Canada Automotive Steering Sensor Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Sensor Type Market Share Analysis

8.3.2.2.2. By Vehicle Type Market Share Analysis

8.3.2.2.3. By Technology Market Share Analysis

8.3.3. Mexico Automotive Steering Sensor Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Sensor Type Market Share Analysis

8.3.3.2.2. By Vehicle Type Market Share Analysis

8.3.3.2.3. By Technology Market Share Analysis

9. South America Automotive Steering Sensor Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Sensor Type Market Share Analysis

9.2.2. By Vehicle Type Market Share Analysis

9.2.3. By Technology Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Brazil Market Share Analysis

9.2.4.2. Colombia Market Share Analysis

9.2.4.3. Argentina Market Share Analysis

9.2.4.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Automotive Steering Sensor Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Sensor Type Market Share Analysis

9.3.1.2.2. By Vehicle Type Market Share Analysis

9.3.1.2.3. By Technology Market Share Analysis

9.3.2. Colombia Automotive Steering Sensor Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Sensor Type Market Share Analysis

9.3.2.2.2. By Vehicle Type Market Share Analysis

9.3.2.2.3. By Technology Market Share Analysis

9.3.3. Argentina Automotive Steering Sensor Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Sensor Type Market Share Analysis

9.3.3.2.2. By Vehicle Type Market Share Analysis

9.3.3.2.3. By Technology Market Share Analysis

10. Middle East & Africa Automotive Steering Sensor Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Sensor Type Market Share Analysis

10.2.2. By Vehicle Type Market Share Analysis

10.2.3. By Technology Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Turkey Market Share Analysis

10.2.4.2. Iran Market Share Analysis

10.2.4.3. Saudi Arabia Market Share Analysis

10.2.4.4. UAE Market Share Analysis

10.2.4.5. Rest of Middle East & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Automotive Steering Sensor Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Sensor Type Market Share Analysis

10.3.1.2.2. By Vehicle Type Market Share Analysis

10.3.1.2.3. By Technology Market Share Analysis

10.3.2. Iran Automotive Steering Sensor Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Sensor Type Market Share Analysis

10.3.2.2.2. By Vehicle Type Market Share Analysis

10.3.2.2.3. By Technology Market Share Analysis

10.3.3. Saudi Arabia Automotive Steering Sensor Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Sensor Type Market Share Analysis

10.3.3.2.2. By Vehicle Type Market Share Analysis

10.3.3.2.3. By Technology Market Share Analysis

10.3.4. UAE Automotive Steering Sensor Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Sensor Type Market Share Analysis

10.3.4.2.2. By Vehicle Type Market Share Analysis

10.3.4.2.3. By Technology Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. Robert Bosch GmbH

14.1.1.1. Company Details

14.1.1.2. Product & Services

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. DENSO Corporation

14.1.2.1. Company Details

14.1.2.2. Product & Services

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. HELLA GmbH & Co. KgaA

14.1.3.1. Company Details

14.1.3.2. Product & Services

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. Methode Electronics Inc.

14.1.4.1. Company Details

14.1.4.2. Product & Services

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Continental AG

14.1.5.1. Company Details

14.1.5.2. Product & Services

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. Honeywell Inc

14.1.6.1. Company Details

14.1.6.2. Product & Services

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. Infineon Technology

14.1.7.1. Company Details

14.1.7.2. Product & Services

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. NXP Semiconductors N.V.

14.1.8.1. Company Details

14.1.8.2. Product & Services

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. Sensata Technologies

14.1.9.1. Company Details

14.1.9.2. Product & Services

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. Hitachi Metals

14.1.10.1. Company Details

14.1.10.2. Product & Services

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions & Countries

15.1.2. Target Vehicle Type

15.1.3. Target Sensor Type

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Figures and Tables

Frequently asked questions

What is the market size of the Global Automotive Steering Sensor Market in 2022?

The market size of the Global Automotive Steering Sensor Market reached USD 8.75 billion in 2022.

Which was the dominant segment By Sensor Type in the Global Automotive Steering Sensor Market in 2022?

The Torque Sensors segment is the largest segment in Sensor Type category. It holds the largest share within the Sensor Type category in the automotive steering sensors market. These sensors are crucial for accurately measuring the amount of force applied to the steering wheel, translating the driver's input into precise steering actions. As vehicles integrate advanced driver assistance systems (ADAS) and transition to electric power steering (EPS) for improved efficiency and responsiveness, the demand for reliable and accurate torque sensors has surged. Their role in enhancing vehicle stability, safety, and adaptive control systems has solidified their position as a pivotal component within the automotive steering sensors market.

Which is the dominant region in the Global Automotive Steering Sensor Market?

The Asia-Pacific region holds the major market share, With India, Japan, and China advancing towards becoming manufacturing centers for automotive components and procuring the same from nations like the United States and Germany, the Asia-Pacific region is anticipated to emerge as the key market to produce these systems.

What are the major drivers for the Global Automotive Steering Sensor Market?

The major drivers for the global automotive steering sensor market include the rapid integration of advanced driver assistance systems (ADAS) in vehicles, the shift to electric power steering (EPS) for improved efficiency, the pursuit of autonomous driving technologies, increasing consumer demand for enhanced safety features, and the continuous evolution of sensor technology to provide more accurate and responsive steering control.

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Srishti Verma

Business Consultant

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Press Release

Automotive Steering Sensor Market to Grow with a CAGR of 6.9% through 2028

Oct, 2023

Rising adoption of advanced driver assistance systems (ADAS) and the growing demand for electric power steering (EPS) systems are the factors driving Global Tr Automotive Steering Sensor Market in th

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