The Global Automotive Steering Sensors market was valued at USD xx million in 2017 and is estimated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period (2018-2025).
Drivers and Restraints:
The awareness for advanced safety systems and technologies in vehicles is growing among the consumers. Automobile manufacturers are obliged to equip their vehicles with driver assistance systems including steering assistance systems because of the rising concerns about passenger safety. Customers are opting for the cars which are equipped with better safety and security systems. So, the increasing awareness about driver safety is boosting the market for steering sensors.
The growth of the Electric Power Steering Market is boosting the market for steering sen-sors. With the advent of electric power steering, there has been an exposure to steering technology which is much better than the conventional steering. So, electronic control over steering systems is expected to significantly impact the progress of the market owing to the increasing demand from end users for improved efficiency, safety, and comfort.
Market Segment Analysis:
The Global Steering sensor market report segments the market by type, technology type, and geography. By type, the market can be segmented as- Torque and angle Sensors, Motor Position Sensors, Health Monitoring Systems and others. Torque and angle sensors have the largest market. However, Health monitoring systems have a vast potential for growth in the coming years.
National Highway Traffic Safety Administration (NHTSA) has conducted a study that identi-fies certain medical conditions that contribute to motor vehicle crash causation. It was found that about 1.3% of all crashes included in this survey were caused by driver reported medical emergencies and 84% of the drivers in these emergencies experienced seizures, blackouts or diabetic reaction before the crashes. Thus, there is a strong premise for moni-toring the health status of drivers through active or passive methods.
Automakers such as Audi, BMW, Mercedes, Ford, Volkswagen and Volvo already offer fea-tures for monitoring driver attention and detect drowsiness using driving inputs cameras and sensors. In precarious conditions, these built-in systems can alert the user and in some cases take remedial action. Attention assistance systems are slowly becoming mainstream now with several more OEMs announcing their plans to similar roll-out systems. The market for health monitoring system sensors is expected to proliferate in the coming years.
By Geography, the report segments the market as North America, South America, Europe, Asia-Pacific and Rest of the world. Europe has the largest market for Steering Sensors, as it is the leading importer of automotive products.
Asia-Pacific region is a fast-growing market for steering sensors because the countries like India, China, and Japan are becoming major manufacturing hubs for the automotive. Some key manufacturers of automotive are present in these countries.
Methode Electronics, Infineon, Hellas, Valeo, Robert Bosch GmbH, NXP Semiconductors, DeAmertek Corporation, Honeywell, Sensata Technologies and Bei Sensors are the well-known players in Steering sensors market.
Key market segments covered
• Angle and Torque Sensors
• Motor Position Sensors
• Health Monitoring Systems
• Multi-Functional Sensor Systems
• Asia Pacific
• North America
• South America
• Rest of the World
1. Global Automotive Steering Sensors Market – Methodology and Scope
1.1. Research Methodology
1.2. The scope of the Report
2. Global Automotive Steering Sensors Market – Trends
2.1. Key Trends & Developments
3. Global Automotive Steering Sensors Market – Industry Analysis
3.1. Industry Impact Factors (Drivers & Restraints)
3.2. Competitive Intensity- Porter 5 Forces
3.3. Patent Analysis
4. Global Automotive Steering Sensors Market – By Type
4.1. Torque and Angle Sensors
4.2. Motor Position Sensors
4.3. Health Monitoring Systems
4.4. Multi-functional Sensor systems
5. Global Automotive Steering Sensors Market – By Technology Type
6. Global Automotive Steering Sensors Market – By Geography
6.1. North America
6.1.1. The United States
6.2. South America
6.2.3. Rest of South America
6.3.2. United Kingdom
6.3.4. Rest of Europe
6.4.5. Rest of Asia-Pacific
6.5. Rest of the World
7. Global Automotive Steering Sensors Market – Competitive Landscape
7.1. Market Share Analysis
7.2. Key Strategies adopted by Manufacturers
7.3. Product Benchmarking
8. Global Automotive Steering Sensors Market – Company Profiles
8.1. Methode Electronics
8.3. Hella Kgaa Hueck & Co.
8.4. Valeo S.A.
8.6. Robert Bosch GmbH
8.7. NXP Semiconductors
8.8. Sensata Technologies
8.9. DeAmertek Corporation
8.10. Bei Sensors
9. Global Automotive Steering Sensors Market – Appendix
9.2. List of Tables
9.3. Expert Panel Validation
9.5. Contact Us