Automotive Steering Torque Sensor Market is expected to grow at a CAGR of 8.21% throughout the forecast period, to reach US$ 6.98 Bn. by 2029.Automotive Steering Torque Sensor Market: Overview
The Modern automobile contain numerous sensors to increase drivers assistance while vehicle driving. Latest technological adoption in automobile industry is increasing the demand for various sensors in modern vehicle to enhance driving performance and experience. Automotive Steering Torque Sensor is used to calculate the torque, which is applied by the driver while steering. This torque sensor is installed at the steering pinion. The Automotive Steering Torque Sensor is precise and robust digital device used for torque measurement; this installed to improve vehicle safety and operation. Most of the automobile companies are launching vehicles with electric power steering in the different market. The report has analyzed the demand by region and evaluated the companies on the basis of their production and each segments. It will give a detailed insight about the market size of automotive steering torque in each region and the sensor players that are going to capitalize on the market.To know about the Research Methodology :- Request Free Sample Report Surge in demand for electrical vehicles, different government’s target of emission control are expected to boost the market for Automotive Steering Torque Sensor Market.
Global Automotive Steering Torque Sensor Market: Development
The Global Automotive Steering Torque Sensor Market is segmented by type into contacting and magnetic (Non Contacting type) sensors. The Non Contact type sensors are advance type of sensors these sensors are widely used in modern vehicle. The Non Contact type of sensors are expensive than contact type sensor and it requires more advance equipment.Global Automotive Steering Torque Sensor Market: Drivers and Restraints
The demand of Luxury vehicle and premium vehicles along with sports vehicle is increasing Automotive Steering Torque Sensor market. The report has covered the demand by region and numbers of steering torque sensors are required over forecast period by country and automotive OEMs. Since different governments are making it mandatory to reduce the emissions, standards of emissions control are different in Europe, North America, and Asia Pacific. Having said this, cost of sensors is considered an one of the restraints in growth of the market, however, in forecast period, prices are expected to come down, without harming the profit margins of sensors manufacturers.Automotive Steering Torque Sensor Market: Regional Overview
Global Automotive Steering Torque Sensor Market is segmented into Asia Pacific, North America, Europe, South America, and Middle East & Africa. The Asia Pacific region Automotive Steering Torque Sensor Market is expected to grow at XX% in forecasted period, owing to the numbers of vehicle manufacturers and developing economies in this region such as India and China. The Europe and North America region are major market for luxury vehicle and premium vehicle in this region are expected to grow at CAGR of XX%. The report also helps in understanding Automotive Steering Torque Sensor Market dynamics, structure by analyzing the market segments and projects the Automotive Steering Torque Sensor Market size. Clear representation of competitive analysis of key players By Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Automotive Steering Torque Sensor Market make the report investor’s guide.Automotive Steering Torque Sensor Market Scope: Inquire before buying
Automotive Steering Torque Sensor Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 4.01 Bn. Forecast Period 2023 to 2029 CAGR: 8.21% Market Size in 2029: US $6.98 Bn. Segments Covered: by Sensor Type • Health Monitoring Systems • Torque Sensors • Intelligent Multi-functional Sensor Systems • Position Sensors/Angle Sensors • Other Sensor Types by Vehicle Type • Passenger Vehicle • Light Weight Commercial Vehicle • Heavy Weight Commercial Vehicle by Technology • Contacting • Magnetic by Sales Channel • Original Equipment Manufacturer • After Market Automotive Steering Torque Sensor Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Automotive Steering Torque Sensor Market Key players:
• Advanced Micro Electronics Co. Ltd. • Bourns Inc. • DENSO Corp. • HELLA GmbH & Co. KGaA • Honeywell International Inc. • Infineon Technologies AG • Methode Electronics Inc. • Robert Bosch GmbH • TE Connectivity Ltd. • Valeo SA • Crane Electronics • Sensor Technology • Kistler Instruments Pvt. Ltd • Norbar Torque Tools Ltd • Continental AG • Delphi Automotive (Aptiv PLC) • CTS Corporation • Bourns Inc. Frequently Asked Questions: 1. What is the growth rate of Global Automotive Steering Torque Sensor Market? Ans: The Global Automotive Steering Torque Sensor Market is growing at a CAGR of 8.21% during forecasting period 2023-2029. 2. What is scope of the Global Automotive Steering Torque Sensor Market report? Ans: Global Automotive Steering Torque Sensor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 3. Who are the key players in Global Automotive Steering Torque Sensor Market? Ans: The important key players in the Global Automotive Steering Torque Sensor Market are – Advanced Micro Electronics Co. Ltd., Bourns Inc., DENSO Corp., HELLA GmbH & Co. KGaA, Honeywell International Inc., Infineon Technologies AG, Methode Electronics Inc., Robert Bosch GmbH, TE Connectivity Ltd., Valeo SA, Crane Electronics, Sensor Technology, Kistler Instruments Pvt. Ltd, Norbar Torque Tools Ltd, Continental AG, Delphi Automotive (Aptiv 4.PLC), CTS Corporation, Bourns Inc.What is the study period of this Market? Ans: The Global Automotive Steering Torque Sensor Market is studied from 2022 to 2029.
1. Global Automotive Steering Torque Sensor Market: Research Methodology 2. Global Automotive Steering Torque Sensor Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Steering Torque Sensor Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Steering Torque Sensor Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Automotive Steering Torque Sensor Market Segmentation 4.1 Global Automotive Steering Torque Sensor Market, by Sensor Type (2022-2029) • Health Monitoring Systems • Torque Sensors • Intelligent Multi-functional Sensor Systems • Position Sensors/Angle Sensors • Other Sensor Types 4.2 Global Automotive Steering Torque Sensor Market, by Vehicle Type (2022-2029) • Passenger Vehicle • Light Weight Commercial Vehicle • Heavy Weight Commercial Vehicle 4.3 Global Automotive Steering Torque Sensor Market, by Technology (2022-2029) • Contacting • Magnetic 4.4 Global Automotive Steering Torque Sensor Market, by Sales Channel (2022-2029) • Original Equipment Manufacturer • After Market 5. North America Automotive Steering Torque Sensor Market(2022-2029) 5.1 North America Automotive Steering Torque Sensor Market, by Sensor Type (2022-2029) • Health Monitoring Systems • Torque Sensors • Intelligent Multi-functional Sensor Systems • Position Sensors/Angle Sensors • Other Sensor Types 5.2 North America Automotive Steering Torque Sensor Market, by Vehicle Type (2022-2029) • Passenger Vehicle • Light Weight Commercial Vehicle • Heavy Weight Commercial Vehicle 5.3 North America Automotive Steering Torque Sensor Market, by Technology (2022-2029) • Contacting • Magnetic 5.4 North America Automotive Steering Torque Sensor Market, by Sales Channel (2022-2029) • Original Equipment Manufacturer • After Market 5.5 North America Automotive Steering Torque Sensor Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Automotive Steering Torque Sensor Market (2022-2029) 6.1. European Automotive Steering Torque Sensor Market, by Sensor Type (2022-2029) 6.2. European Automotive Steering Torque Sensor Market, by Vehicle Type (2022-2029) 6.3. European Automotive Steering Torque Sensor Market, by Technology (2022-2029) 6.4. European Automotive Steering Torque Sensor Market, by Sales Channel (2022-2029) 6.5. European Automotive Steering Torque Sensor Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Steering Torque Sensor Market (2022-2029) 7.1. Asia Pacific Automotive Steering Torque Sensor Market, by Sensor Type (2022-2029) 7.2. Asia Pacific Automotive Steering Torque Sensor Market, by Vehicle Type (2022-2029) 7.3. Asia Pacific Automotive Steering Torque Sensor Market, by Technology (2022-2029) 7.4. Asia Pacific Automotive Steering Torque Sensor Market, by Sales Channel (2022-2029) 7.5. Asia Pacific Automotive Steering Torque Sensor Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Steering Torque Sensor Market (2022-2029) 8.1 Middle East and Africa Automotive Steering Torque Sensor Market, by Sensor Type (2022-2029) 8.2. Middle East and Africa Automotive Steering Torque Sensor Market, by Vehicle Type (2022-2029) 8.3. Middle East and Africa Automotive Steering Torque Sensor Market, by Technology (2022-2029) 8.4. Middle East and Africa Automotive Steering Torque Sensor Market, by Sales Channel (2022-2029) 8.5. Middle East and Africa Automotive Steering Torque Sensor Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automotive Steering Torque Sensor Market (2022-2029) 9.1. South America Automotive Steering Torque Sensor Market, by Sensor Type (2022-2029) 9.2. South America Automotive Steering Torque Sensor Market, by Vehicle Type (2022-2029) 9.3. South America Automotive Steering Torque Sensor Market, by Technology (2022-2029) 9.4. South America Automotive Steering Torque Sensor Market, by Sales Channel (2022-2029) 9.5. South America Automotive Steering Torque Sensor Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Advanced Micro Electronics Co. Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Bourns Inc. 10.3 DENSO Corp. 10.4 HELLA GmbH & Co. KGaA 10.5 Honeywell International Inc. 10.6 Infineon Technologies AG 10.7 Methode Electronics Inc. 10.8 Robert Bosch GmbH 10.9 TE Connectivity Ltd. 10.10 Valeo SA 10.11 Crane Electronics 10.12 Sensor Technology 10.13 Kistler Instruments Pvt. Ltd 10.14 Norbar Torque Tools Ltd 10.15 Continental AG 10.16 Delphi Automotive (Aptiv PLC) 10.17 CTS Corporation 10.18 Bourns Inc.