Automotive Steering Torque Sensors Market

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


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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