Market Overview:
The global automotive steering sensors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced safety and security features in vehicles, rising adoption of electric and hybrid vehicles, and growing demand for autonomous cars. The global automotive steering sensors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into contacting sensors, magnetic sensors, and others (including optical & Hall-effect). Contacting sensors are further sub-segmented into potentiometers & rheostats and LVDTs (linear variable differential transformers). Magnetic sensing technologies are used in a wide range of applications such as health monitoring systems (HMS), torque & angle sensing systems (TASS), intelligent multifunctional sensor systems (IMSS), position sensing applications such as throttle position sensor (TPS) or pedal position sensor(PPS), gear shift detection etc., speedometer pick-ups etc., anti-lock braking system control valves etc., clutch actuation devices etc., fuel metering devices etc. Among all types of automotive steering sensors available in the market currently contactless magnetic technology enjoys maximum share owing to its advantages which will drive this particular technology during forecast period 2018 – 2030 globally across different regions we studied while conducting this research study on Global Automotive Steering Sensors Market .
Product Definition:
An automotive steering sensor is a component in a car that helps the driver control the vehicle. The sensor sends information to the car's computer about how much force is being applied to the steering wheel and how much torque the wheel is experiencing. This information helps the computer determine how much power to send to each of the wheels in order to keep the car moving in a straight line.
Contacting:
The global automotive steering sensors market size was valued at USD 3.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for automobiles, technological advancements, and the growing need for improved safety are some of the key factors that are anticipated to drive growth over the coming years.
Moreover, government initiatives such as New Car Assessment Program (NCAP), which assesses vehicle safety.
Magnetic:
Magnetic is a type of energy storage device that stores information in the form of magnetic dipoles. The most common example of this would be a magnet placed near a piece of metal. When there are two magnets, they will attract each other and when there are many, they will repell each other. This effect can also be achieved with electric current and electrical circuits (electromagnets).
Application Insights:
The other segment that includes temperature, humidity and air quality monitoring systems is expected to witness the highest growth over the forecast period. The need for these systems has increased due to rising pollution levels in several countries such as China, India and Mexico. Moreover, stringent government regulations regarding vehicle safety are expected to boost demand further.
Health monitoring systems accounted for a significant market share in 2017 owing to increasing concerns about driver drowsiness caused by long-distance travel or sleep disorders suffered by drivers of commercial vehicles or lorries on a regular basis. In addition, governments around the world are taking initiatives aimed at improving road safety through awareness programs conducted with the help of automotive manufacturers and steering sensors suppliers.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing demand for advanced driver assistance systems (ADAS) and safety features such as lane departure warning system, adaptive cruise control, and automatic emergency braking. Moreover, stringent government regulations pertaining to road safety are anticipated to drive product demand over the forecast period.
The Asia Pacific regional market captured a significant revenue share in 2017 on account of rising automotive production across key countries such as China and India. Furthermore, favorable government initiatives aimed at reducing vehicular emissions are also expected to boost steering sensors industry growth over the projected timeframe. Additionally, growing adoption of electric vehicles is further anticipated fuel industry growth during the estimated time span in this region as well as others ‰â€°â€°â€ ‘others' being Europe and North America).
Growth Factors:
- Increasing demand for luxury and premium cars
- Rising demand for electric and hybrid vehicles
- Growing automotive production in developing countries
- Technological advancements in steering sensors technology
- Increasing adoption of advanced driver assistance systems (ADAS)
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Steering Sensors Market Research Report
By Type
Contacting, Magnetic, Others
By Application
Health Monitoring Systems, Torque and Angle Sensors, Intelligent Multifunctional Sensor Systems, Position Sensors, Others
By Companies
BEI Sensors, Bourns, Inc., Continental AG, Danfoss, De Amertek Corporation, Future Electronics, Guttersberg Consulting GmbH, Hella KGaA Hueck & Co, Honeywell, Mountz Incorporated, BEI Sensors, MTS Systems Corporation, Novotechnik U.S., Inc, Sensor Developments Inc, SSI Technologies, Inc, Joyson Safety Systems, TE Connectivity Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Steering Sensors Market Report Segments:
The global Automotive Steering Sensors market is segmented on the basis of:
Types
Contacting, Magnetic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Health Monitoring Systems, Torque and Angle Sensors, Intelligent Multifunctional Sensor Systems, Position Sensors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BEI Sensors
- Bourns, Inc.
- Continental AG
- Danfoss
- De Amertek Corporation
- Future Electronics
- Guttersberg Consulting GmbH
- Hella KGaA Hueck & Co
- Honeywell
- Mountz Incorporated
- BEI Sensors
- MTS Systems Corporation
- Novotechnik U.S., Inc
- Sensor Developments Inc
- SSI Technologies, Inc
- Joyson Safety Systems
- TE Connectivity Ltd
Highlights of The Automotive Steering Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Contacting
- Magnetic
- Others
- By Application:
- Health Monitoring Systems
- Torque and Angle Sensors
- Intelligent Multifunctional Sensor Systems
- Position Sensors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Steering Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive steering sensors are used in cars to help the driver steer the car. They work by detecting changes in the force that is being applied to the wheel, and use this information to send a signal back to the car's computer. This helps ensure that the car stays on track, and avoids any accidents.
Some of the major companies in the automotive steering sensors market are BEI Sensors, Bourns, Inc., Continental AG, Danfoss, De Amertek Corporation, Future Electronics, Guttersberg Consulting GmbH, Hella KGaA Hueck & Co, Honeywell, Mountz Incorporated, BEI Sensors, MTS Systems Corporation, Novotechnik U.S., Inc, Sensor Developments Inc, SSI Technologies, Inc, Joyson Safety Systems, TE Connectivity Ltd.
The automotive steering sensors market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Steering Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Steering Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Steering Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Steering Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Steering Sensors Market Size & Forecast, 2020-2028
4.5.1 Automotive Steering Sensors Market Size and Y-o-Y Growth
4.5.2 Automotive Steering Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Contacting
5.2.2 Magnetic
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Health Monitoring Systems
6.2.2 Torque and Angle Sensors
6.2.3 Intelligent Multifunctional Sensor Systems
6.2.4 Position Sensors
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Steering Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Steering Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Contacting
9.6.2 Magnetic
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Health Monitoring Systems
9.10.2 Torque and Angle Sensors
9.10.3 Intelligent Multifunctional Sensor Systems
9.10.4 Position Sensors
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Contacting
10.6.2 Magnetic
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Health Monitoring Systems
10.10.2 Torque and Angle Sensors
10.10.3 Intelligent Multifunctional Sensor Systems
10.10.4 Position Sensors
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Contacting
11.6.2 Magnetic
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Health Monitoring Systems
11.10.2 Torque and Angle Sensors
11.10.3 Intelligent Multifunctional Sensor Systems
11.10.4 Position Sensors
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Contacting
12.6.2 Magnetic
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Health Monitoring Systems
12.10.2 Torque and Angle Sensors
12.10.3 Intelligent Multifunctional Sensor Systems
12.10.4 Position Sensors
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Contacting
13.6.2 Magnetic
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Health Monitoring Systems
13.10.2 Torque and Angle Sensors
13.10.3 Intelligent Multifunctional Sensor Systems
13.10.4 Position Sensors
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Steering Sensors Market: Competitive Dashboard
14.2 Global Automotive Steering Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BEI Sensors
14.3.2 Bourns, Inc.
14.3.3 Continental AG
14.3.4 Danfoss
14.3.5 De Amertek Corporation
14.3.6 Future Electronics
14.3.7 Guttersberg Consulting GmbH
14.3.8 Hella KGaA Hueck & Co
14.3.9 Honeywell
14.3.10 Mountz Incorporated
14.3.11 BEI Sensors
14.3.12 MTS Systems Corporation
14.3.13 Novotechnik U.S., Inc
14.3.14 Sensor Developments Inc
14.3.15 SSI Technologies, Inc
14.3.16 Joyson Safety Systems
14.3.17 TE Connectivity Ltd
