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Electric Power Steering Sensor Market By Type, By Vehicle Type, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2030

Electric Power Steering Sensor Market By Type, By Vehicle Type, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2030

  • July 2022
  • 293 pages
  • ID: 6352290
  • Format: PDF
  • Allied Market Research

Summary

Table of Contents

Electric Power Steering (EPS) Sensor Market By Type (Speed Sensor, Steering Torque Sensor, Steering Wheel Position Sensor), By Vehicle Type (Passenger Vehicle, Commercial Vehicle (LCV, HCV).), By Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2030

The Electric Power Steering (EPS) sensors are crucial in the functioning of EPS systems. The steering wheel angle and amount of effort applied to the turn the vehicle are two main inputs of the sensor. The benefits of EPS include minimal engine power consumption since the motor only activates when it is used and not when it remains idle. Furthermore, it also gives ease of integration of safety features such as traction control and stability control. The overall weight of the vehicle is reduced and fuel economy is improved as EPS sensors are smaller and lighter than hydraulic steering systems. By reducing failures and lowering FIT (Failure in Time), the sensors help boost the vehicle’s dependability and durability.
Recalls of vehicles owing to issues with electric power steering might result in significant market losses. Hydraulic steering systems provide the driver greater stability at high speeds but need to apply more strength on the steering wheel to turn the car.
Increasing vehicle manufacturing and rising number of accidents have created a need to increase the adoption of EPS sensors in vehicles. To cater the need for increase in vehicle safety, EPS works best since it helps the driver to enhance the driving experience. The market is expected to grow in the upcoming years due to the increasing use of electric power steering systems in passenger and commercial cars as well as rising demand for electric and autonomous vehicles. In terms of safety, fuel efficiency, and adaptation to different driving modes, the EPS sensors are more dependable than hydraulic steering systems.
Electric Power Steering (EPS) sensor market was negatively impacted as global supply chain was disturbed leading to shortage or unavailability of raw materials. Manufacturing plants all over the globe were either completely shut down or were operational under certain restrictions. Global semiconductor chip shortage crisis impacted the supply chain of raw materials used for vehicle manufacturing. Consumers were doubtful to purchase vehicles and primarily concentrated on daily needs. Thus, a lack in demand also made the market slowdown during the pandemic.
The major key players in the global Electric Power Steering (EPS) sensor market are Robert Bosch GmbH, HELLA GmbH & Co. KgaA, DENSO Corporation, Valeo, Continental AG, Infineon Technologies AG, Sensata Technologies, TT Electronics, NXP Semiconductors, and Asahi Kasei Corporation.

Key Benefits For Stakeholders
-This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric power steering (eps) sensor market analysis from 2021 to 2030 to identify the prevailing electric power steering (eps) sensor market opportunities.
-The market research is offered along with information related to key drivers, restraints, and opportunities.
-Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-In-depth analysis of the electric power steering (eps) sensor market segmentation assists to determine the prevailing market opportunities.
-Major countries in each region are mapped according to their revenue contribution to the global market.
-Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
-The report includes the analysis of the regional as well as global electric power steering (eps) sensor market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type
- Speed Sensor
- Steering Torque Sensor
- Steering Wheel Position Sensor

By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle (LCV, HCV).

By Distribution Channel
- OEM
- Aftermarket

By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- South Africa
- Rest of LAMEA
- Brazil
- Saudi Arabia
- UAE
- Key Market Players
- robert bosch gmbh
- HELLA GmbH & Co. KgaA
- DENSO CORPORATION
- Valeo SA
- continental ag
- Infineon Technology
- TT Electronics plc
- sensata technologies, inc.
- NXP Semiconductors N.V.

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