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Global Automotive Steering Torque Sensor Market 2018-2022

About Automotive Steering Torque Sensor

Automotive steering torque sensors are used in vehicles with electric power steering (EPS). These sensors measure the steering force applied by the driver and enable the sensitive control of electric steering support. The sensor is based on a contactless magnetic measuring principle and has a magnetic unit, sensor unit, and a flux tube unit.

Technavio’s analysts forecast the global automotive steering torque sensor market to grow at a CAGR of 6.24% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive steering torque sensor market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Steering Torque Sensor Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bosch
  • DENSO
  • Honeywell International
  • TE Connectivity
  • Valeo
Market driver
  • High penetration of EPS systems in passenger vehicles and light commercial vehicles
  • For a full, detailed list, view our report
Market challenge
  • High initial capital investment
  • For a full, detailed list, view our report
Market trend
  • New and innovative torque sensors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Steering Torque Sensor Market 2018-2022

Technavio recognizes the following companies as the key players in the global automotive steering torque sensor market: Bosch, DENSO, Honeywell International, TE Connectivity, and Valeo.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new and innovative torque sensors. The continuously rising innovation coupled with technological advancements in the automotive industry have led to the demand for new as well as improved torque sensors. Moreover, the growing preference for automatic transmission vehicles is also fueling the increased demand for torque sensors.”

According to the report, one driver in the market is high penetration of EPS systems in passenger vehicles and light commercial vehicles. An electric power steering (EPS) is equipped with electric motors and a control unit connected to the sensors, which enables drivers to steer the wheel with less manual force. Moreover, electric steering systems are light-weight, easy to maintain, and offer high energy efficiency.

Further, the report states that one challenge in the market is high initial capital investment. The initial capital investment required for manufacturing torque sensors is high, which poses a major threat to the manufacturing operations. The development and growth of economies have led to volatile raw material prices across industries.

Companies Mentioned

Bosch, DENSO, Honeywell International, TE Connectivity, and Valeo.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market outline
      • Table Types of automotive steering system
      • Table Power steering system components
    • Market ecosystem
      • Table Parent market
      • Table Global automotive torque sensor market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 (mn units)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Passenger cars - Market size and forecast 2017-2022
      • Table Passenger cars - Market size and forecast 2017-2022 (mn units)
      • Table Passenger cars - Year-over-year growth 2018-2022 (%)
    • Commercial vehicles - Market size and forecast 2017-2022
      • Table Commercial vehicles - Market size and forecast 2017-2022 (mn units)
      • Table Commercial vehicles - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 (mn units)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 (mn units)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 (mn units)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • New and innovative torque sensors
    • Rise in demand for wireless connectivity in torque sensors
    • Electrohydraulic power steering in HCVs
    • Growing penetration of steer-by-wire technology
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bosch
      • Table Vendor overview
      • Table Bosch - Business segments
      • Table Bosch - Organizational developments
      • Table Bosch - Geographic focus
      • Table Bosch - Segment focus
      • Table Bosch - Key offerings
    • DENSO
      • Table Vendor overview
      • Table DENSO - Business segments
      • Table DENSO - Organizational developments
      • Table Denso - Geographic focus
      • Table DENSO - Segment focus
      • Table DENSO - Key offerings
    • Honeywell International
      • Table Vendor overview
      • Table Honeywell International - Business segments
      • Table Honeywell International - Organizational developments
      • Table Honeywell International - Geographic focus
      • Table Honeywell International - Segment focus
      • Table Honeywell International - Key offerings
    • TE Connectivity
      • Table Vendor overview
      • Table TE Connectivity - Business segments
      • Table TE Connectivity - Organizational developments
      • Table TE Connectivity - Geographic focus
      • Table TE Connectivity - Segment focus
      • Table TE Connectivity - Key offerings
    • Valeo
      • Table Vendor overview
      • Table Valeo- Business segments
      • Table Valeo- Organizational developments
      • Table Valeo- Geographic focus
      • Table Valeo- Segment focus
      • Table Valeo- Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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