The Global Automotive Steering Sensors Market has witnessed remarkable growth in recent years due to the increasing demand for advanced safety features and automation in vehicles. This report provides a detailed historical analysis from 2019 to 2022 and extensive forecasts from 2023 to 2033. It covers revenue, sales volume, pricing trends, and key growth drivers across various regions and subsectors.
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Market Overview
Steering sensors, essential for advanced navigation systems, play a pivotal role in modern vehicles. Positioned within the steering column, these sensors provide data crucial for electronic command steering (ECS) and electric power steering (EPS) systems.
Key innovations in steering angle sensor recalibration, particularly for autonomous vehicles, drive market demand. With over 40 million vehicles equipped with ECS, the market shows significant growth potential as recalibration and advanced sensor inclusion become essential.
Major Developments and Trends
-
Technological Advancements
Companies are focusing on improving magnetic and multi-functional sensors for better accuracy and efficiency. -
Growing Demand for Autonomous Vehicles
The rise of Level 4 and Level 5 autonomous vehicles necessitates integrating advanced steering sensors, creating lucrative opportunities. -
Competitive Strategies
Market leaders like Robert Bosch GmbH and DENSO Corporation are focusing on partnerships, product launches, and geographic expansion.
Market Segmentation
By Sensor Type
- Health Monitoring Systems
- Torque Sensors
- Position Sensors/Angle Sensors
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Technology
- Contacting Sensors
- Magnetic Sensors
Regional Insights
The market spans across:
- North America: U.S., Canada, Mexico
- Europe: Germany, UK, France, Italy, Spain
- Asia Pacific: China, Japan, India, South Korea
- Middle East & Africa: UAE, Saudi Arabia, South Africa
Regional Analysis by Forecast
Explore the potential of each region through Regional Market Analysis
Key Players in the Market
- Robert Bosch GmbH
- DENSO Corporation
- Continental AG
- Mitsubishi Electric Corporation
- TE Connectivity Ltd.
Discover the full list of market players and their strategies with the Complete Report
Recent Developments
In January 2024, Lumotive announced its partnership with global technology leaders to demonstrate digital beam steering capabilities at CES 2024, showcasing the Light Control Metasurface (LCM) technology.
Why Invest in This Report?
- Access comprehensive market forecasts and segmentation analysis.
- Gain insights into regional and global trends shaping the market.
- Analyze competitive dynamics with detailed profiles of key players.
- Leverage historical data for strategic planning.
- Stay updated on the latest technological innovations.
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