The global demand for Automotive Steering Angle Sensor Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
The steering angle sensor in a car is crucial since it measures the steering position angle and rate of turn. The steering angle sensor system's job is to send data about the steering angle to the electronic steering control unit in an automotive. Automotive Steering angle sensors also track the rotation rate and angle of the steering wheel. Meanwhile, automotive steering angle sensors include two detecting components that are utilized to determine the precise steering positions. Multiple sensors are used for redundancy, accuracy, and diagnostics. Furthermore, automakers incorporate sensors into steering systems to automatically deliver accurate responses and adapt to vehicle speed. Automakers are developing a portable automotive steering angle sensor using rate sensor technology. The system should be simple, mobile, and adaptable to various car models.
Market Dynamics
The need for vehicle steering angle sensors is growing due to increased demand for sophisticated safety and comfort driving features. In addition, the industry is rising due to an increase in luxury car manufacturing and sales. Again, the growing use of cruise control will drive market expansion. In addition, the automotive steering angle sensor market is predicted to grow in the upcoming years because of increased investment in R&D for innovations and changing client demand. The biggest driver of the global Automotive Steering Angle Measurement Sensor market is increased disposable incomes and urban population growth. The Automotive Steering Angle Sensor market will be driven by recent trends in the automotive industry toward improving comfort and safety concerns, luxury, and innovative technology. The rising popularity of autonomous vehicles and technological advances are projected to propel the automotive angle steering sensors market forward. On the other hand, high implementation costs may hamper the growth of the vehicle steering angle sensor market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive steering angle sensor. The growth and trends of automotive steering angle sensor industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive steering angle sensor market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Electric Power Steering
- Electro-Hydraulic Power Steering
By Type
- Digital Sensor
- Analogue Sensor
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Steering Angle Sensor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Steering Angle Sensor Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive steering angle sensor market include Bourns Inc., DENSO CORP., HELLA GmbH & Co. KGaA, Honeywell International Inc., Robert Bosch GmbH, TE Connectivity Ltd., TOKAI RIKA CO. LTD., Toyodenso Co. Ltd., Valeo SA, ZF Friedrichshafen AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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