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 2025-2032, considering 2024 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
- 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
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles:
- 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.
- Others
- 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, 2020-2032, (US$ Mn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 – 2032
- Segment Trends
- Passenger Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Mn)
- Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Mn)
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- 6. Automotive Steering Torque Sensors Market, By Sales Channels, 2020-2032, (US$ Mn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 – 2032
- Segment Trends
- Original Equipment Manufacturer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Million)
- After Market
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
- 7. Automotive Steering Torque Sensors Market , By Region, 2020-2032, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2021 – 2032
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application 2020-2032, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2020-2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020-2032, (US$ Mn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application,, 2020-2032, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2020-2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020-2032, (US$ Mn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2020-2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020-2032, (US$ Mn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2020-2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020-2032, (US$ Mn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2020-2032, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel 2020-2032, (US$ Mn)
- Market Size and Forecast, By Country, 2020-2032, (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” - forecast to 2032
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