Global Electric Power Steering (EPS) Sensor Market Growth 2025-2031

The global Electric Power Steering (EPS) Sensor market size is predicted to grow from US$ 987 million in 2025 to US$ 1213 million in 2031; it is expected to grow at a CAGR of 3.5% from 2025 to 2031.

The electric power steering (EPS) torque sensor is a device used to measure the steering torque of a vehicle. It is an important component of the EPS system, used to monitor the torque applied by the driver to the steering wheel and transmit these signals to the EPS control unit. EPS torque sensors usually use technologies such as piezoelectric sensors or strain gauges to measure torque. When the driver applies torque, the sensor generates a corresponding electrical signal and converts it into a digital signal so that the EPS control unit can process and respond. The role of the EPS torque sensor is to provide accurate steering torque information so that the EPS system can provide appropriate assistance according to the driver's intention. By monitoring the steering torque, the EPS system can adjust the steering assistance in real time to meet the needs of different driving conditions, such as low-speed cornering and high-speed driving.

As the EV market expands globally, EPS systems will become a standard feature in many vehicles. With the absence of traditional powertrains in EVs, EPS systems will be crucial for improving vehicle maneuverability and comfort. The development of wireless and digitally controlled EPS systems will allow for further innovation in vehicle designs and offer new growth opportunities for sensor suppliers. Steer-by-wire technology, which eliminates the traditional mechanical link between the steering wheel and the front axle, is gaining traction in the automotive industry. This technology allows for more flexible and innovative vehicle designs, including more spacious interiors and customizable steering feedback. As this technology enters mass production, EPS sensors will become even more critical for ensuring the safety and performance of these systems. The integration of sensors within steer-by-wire systems will also drive new opportunities for sensor manufacturers. The advancement of sensor technology—such as the development of sensors with higher precision, reliability, and longer lifespans—will continue to drive innovation in the EPS sensor market. Additionally, the increasing integration of artificial intelligence (AI) and machine learning (ML) algorithms in steering systems will enhance the performance of EPS sensors. These sensors will be able to dynamically adjust steering feel and responsiveness based on real-time data, leading to more intuitive and safer driving experiences.

LP Information, Inc. (LPI) ' newest research report, the “Electric Power Steering (EPS) Sensor Industry Forecast” looks at past sales and reviews total world Electric Power Steering (EPS) Sensor sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Power Steering (EPS) Sensor sales for 2025 through 2031. With Electric Power Steering (EPS) Sensor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Power Steering (EPS) Sensor industry.

This Insight Report provides a comprehensive analysis of the global Electric Power Steering (EPS) Sensor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Power Steering (EPS) Sensor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Power Steering (EPS) Sensor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Power Steering (EPS) Sensor and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Power Steering (EPS) Sensor.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Power Steering (EPS) Sensor market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Torque Only Sensor(TOS)
Torque Angle Sensor(TAS)

Segmentation by Application:
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Valeo
Forvia
Bourns, Inc
HL Klemove
Denso

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Power Steering (EPS) Sensor market?

What factors are driving Electric Power Steering (EPS) Sensor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Power Steering (EPS) Sensor market opportunities vary by end market size?

How does Electric Power Steering (EPS) Sensor break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.