Automotive Steering Torque Sensors Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Automotive Steering Torque Sensors Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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 in-depth analysis of automotive steering torque sensors market size (US$ Mn), and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity 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 strategies adopted by key players
It profiles key players in the global automotive steering torque sensors market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, automotive steering torque sensors market capital, key developments, strategies, and future plans
Companies covered as 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., Limited, and Methode Electronics, Inc. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global automotive steering torque sensors market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global 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 Geography:
North America
By Application
By Sales Channel
By Country:
U.S.
Canada

Europe
By Application
By Sales Channel
By Country:
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Application
By Sales Channel
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Application
By Sales Channel
By Country:
Brazil
Mexico
Rest of Latin America
Middle East
By Application
By Sales Channel
By Country:
GCC Countries
Israel
Rest of Middle East
Africa
By Application
By Sales Channel
By Country:
Northern Africa
Central Africa
South Africa
Competitive Landscape
Company Profiles
Robert Bosch GmbH
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
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., Limited
Methode Electronics, Inc.
“*” marked represents similar segmentation in other categories in the respective section