Automotive Steering Torque Sensors Market
Description
Automotive Steering Torque Sensors Market, By Application (Passenger Cars, Commercial Vehicles), By Sales Channel (Original Equipment Manufacturer, After Market ), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Automotive steering torque sensor is a part of electric power steering system that measures torque over steering wheel. This sensor records the torsion bar angle that is required for steering movement. Two main types of torque sensors found in electronic power steering systems are contact torque sensors and non-contact torque sensors
Market Dynamics:
Increasing demand for advanced, high-performance vehicles due to increasing fuel prices is one of the major factors propelling demand for steering torque sensors in the automotive sector. Electric power systems help to reduce fuel consumption. For instance, according to a press release of Robert Bosch Gmbh on June 2015, electric power steering system saves 0.6 liters of fuel in 100 km compared to hydraulic power steering system. The press release also stated that electric power steering system produces 16.1 g/km less carbon dioxide compared to hydraulic power steering system. These benefits influence car manufacturer to replace hydraulic steering system technology with electric power system. Therefore, increasing installation of electric power systems propel demand for steering torque sensors. Steering torque sensors measure torque that driver applies to the steering wheel. The data is transferred to Electronic Control Unit (ECU) that monitors the overall speed of the vehicle. ECU later calculates the assisting torque that is required to be applied and accordingly signals the assist unit i.e. motor to apply the desired torque to steering gear. Therefore, these factors are expected to propel demand for steering torque sensors over the forecast period.
Key features of the study:
This report provides an in-depth analysis of the global Automotive steering torque sensors market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the automotive steering torque sensors market based on the following parameters– regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Robert Bosch Gmbh, Denso Corporation, Crane Electronics, Honeywell International, Sensor Technology, Valeo, TE Connectivity, Kistler Instruments Pvt. Ltd., Norbar Torque Tools Ltd., Bourns, Inc., Advanced Micro Electronics Co. Ltd., Methode Electronics, Inc., and others
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Automotive steering torque sensors market
Detailed Segmentation:
Global Automotive Steering Torque Sensors Market, By Application
Passenger Cars
Commercial Vehicles
Heavy Commercial Vehicles
Light Commercial Vehicles
Global Automotive Steering Torque Sensors Market, By Sales Channel
Original Equipment Manufacturer
After Market
Global Automotive Steering Torque Sensors Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Robert Bosch Gmbh*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Denso Corporation
Crane Electronics
Honeywell International
Sensor Technology
Valeo
TE Connectivity
Kistler Instruments Pvt. Ltd.
Norbar Torque Tools Ltd.
Bourns, Inc.
Advanced Micro Electronics Co. Ltd.
Methode Electronics, Inc.
Others
Table of Contents
120 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, , By Application
- Market Snippet, , By Sales Channel
- Market Snippet,, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Automotive Steering Torque Sensors Market– Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Automotive Steering Torque Sensors Market, By Application, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Passenger Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- 6. Automotive Steering Torque Sensors Market, By Sales Channels, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Original Equipment Manufacturer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- After Market
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- 7. Automotive Steering Torque Sensors Market , By Region, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 – 2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application 2017-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2017-2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application,, 2017-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2017-2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2017-2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2017-2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2017-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2017-2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
- 8. Competitive Landscape
- Robert Bosch Gmbh
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Denso Corporation
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Crane Electronics
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Honeywell International
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sensor Technology
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Valeo
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- TE Connectivity
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Kistler Instruments Pvt. Ltd.
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Norbar Torque Tools Ltd.
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Bourns, Inc.
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Advanced Micro Electronics Co. Ltd.
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Methode Electronics, Inc.
- Company Overview
- Type Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Others
- 9. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on “Automotive Steering Torque Sensors Market” - Global forecast to 2030
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