Global Automotive Steering Torque Sensor Market 2020-2024

Global Automotive Steering Torque Sensor Market 2020-2024

Global Automotive Steering Torque Sensor Market 2020-2024

Technavio has been monitoring the global automotive steering torque sensor market 2020-2024 and it is poised to grow by USD 5.51 bn during 2020-2024, progressing at a CAGR of 9% during the forecast period. Our reports on global automotive steering torque sensor market 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for electric vehicles. In addition, emergence of new and innovative torque sensors is anticipated to boost the growth of the global automotive steering torque sensor market 2020-2024 as well.

Market Segmentation

Technavio's global automotive steering torque sensor market 2020-2024 is segmented as below:

Application:

  • Passenger Vehicles
  • Commercial Vehicles
Geographic Segmentation:
  • APAC
  • Europe
  • MEA
  • North America
  • South America
Key Trends for global automotive steering torque sensor market 2020-2024 growth

This study identifies emergence of new and innovative torque sensors as the prime reasons driving the global automotive steering torque sensor market 2020-2024 growth during the next few years.

Prominent vendors in global automotive steering torque sensor market 2020-2024

We provide a detailed analysis of around 25 vendors operating in the global automotive steering torque sensor market 2020-2024, including some of the vendors such as 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. and Valeo SA .

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
  • Market Sizing
    • Market definition
      • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019-2024
      • Table Global - Market size and forecast 2019-2024 ($ billion)
      • Table Global market: Year-over-year growth 2019-2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • 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 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application placement - Market share 2019-2024 (%)
    • Comparison by Application placement
      • Table Comparison by Application placement
    • Passenger vehicles - Market size and forecast 2019-2024
      • Table Passenger vehicles - Market size and forecast 2019-2024 ($ billion)
      • Table Passenger vehicles - Year-over-year growth 2019-2024 (%)
    • Commercial vehicles - Market size and forecast 2019-2024
      • Table Commercial vehicles - Market size and forecast 2019-2024 ($ billion)
      • Table Commercial vehicles - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • High penetration of EPS system in passenger vehicles and LCVs
      • Increased sales of passenger cars and SUVs
      • Increasing demand for electric vehicles
      • Rapidly increasing electronic content per vehicle
    • Volume driver - External factors
      • Fuel-economy benefits of EPS
    • Market challenges
      • High initial capital investment
      • Increasing design complexity
      • Rise in number of on-demand taxi operators
      • Negligible penetration of EPS in HCVs
        • Table Impact of drivers and 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
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive landscape
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Advanced Micro Electronics Co. Ltd.
      • Table Advanced Micro Electronics Co. Ltd. - Overview
      • Table Advanced Micro Electronics Co. Ltd. - Product and service
      • Table Advanced Micro Electronics Co. Ltd. - Key offerings
    • Bourns Inc.
      • Table Bourns Inc. - Overview
      • Table Bourns Inc. - Product and service
      • Table Bourns Inc. – Key news
      • Table Bourns Inc. - Key offerings
    • DENSO Corp.
      • Table DENSO Corp. - Overview
      • Table DENSO Corp. - Business segments
      • Table DENSO Corp. – Key news
      • Table DENSO Corp. - Key offerings
      • Table DENSO Corp. - Segment focus
    • HELLA GmbH & Co. KGaA
      • Table HELLA GmbH & Co. KGaA - Overview
      • Table HELLA GmbH & Co. KGaA - Business segments
      • Table HELLA GmbH & Co. KGaA – Key news
      • Table HELLA GmbH & Co. KGaA - Key offerings
      • Table HELLA GmbH & Co. KGaA - Segment focus
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. – Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • Infineon Technologies AG
      • Table Infineon Technologies AG - Overview
      • Table Infineon Technologies AG - Business segments
      • Table Infineon Technologies AG – Key news
      • Table Infineon Technologies AG - Key offerings
      • Table Infineon Technologies AG - Segment focus
    • Methode Electronics Inc.
      • Table Methode Electronics Inc. - Overview
      • Table Methode Electronics Inc. - Business segments
      • Table Methode Electronics Inc. – key news
      • Table Methode Electronics Inc. - Key offerings
      • Table Methode Electronics Inc. - Segment focus
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH – Key news
      • Table Robert Bosch GmbH - Key offerings
      • Table Robert Bosch GmbH - Segment focus
    • TE Connectivity Ltd.
      • Table TE Connectivity Ltd. - Overview
      • Table TE Connectivity Ltd. - Business segments
      • Table TE Connectivity Ltd. – Key news
      • Table TE Connectivity Ltd. - Key offerings
      • Table TE Connectivity Ltd. - Segment focus
    • Valeo SA
      • Table Valeo SA - Overview
      • Table Valeo SA - Business segments
      • Table Valeo SA – Key news
      • Table Valeo SA - Key offerings
      • Table Valeo SA - Segment focus
  • Appendix
    • Scope of the report
      • Objective
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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