Market Research Report
Global Automotive Steering Torque Sensor Market 2022-2026
|Global Automotive Steering Torque Sensor Market 2022-2026|
Published: April 28, 2022
TechNavio (Infiniti Research Ltd.)
Content info: 120 Pages
Delivery time: 1-2 business days
Technavio has been monitoring the automotive steering torque sensor market and it is poised to grow by $ 1.72 bn during 2022-2026, accelerating at a CAGR of 6.43% during the forecast period. Our report on the automotive steering torque sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high penetration of EPS system in PVs and LCVs, increasing demand for EVs, and rapidly increasing electronic content per vehicle.
The automotive steering torque sensor market analysis includes application segment and geographic landscape.
Technavio's automotive steering torque sensor market is segmented as below:
By Geographical Landscape
This study identifies the new and innovative torque sensors as one of the prime reasons driving the automotive steering torque sensor market growth during the next few years. Also, a rise in demand for wireless connectivity in torque sensors and electrohydraulic power steering in HCVs will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive steering torque sensor market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive steering torque sensor market vendors that include ABB Ltd., Advanced Micro Electronics Co. Ltd., AVL List GmbH, Bourns Inc., DENSO Corp., Eltek Systems, FUTEK Advanced Sensor Technology Inc., HELLA GmbH and Co. KG, Hitachi Metals Ltd., Honeywell International Inc., Hottinger Bruel and Kjaer GmbH, Infineon Technologies AG, Kistler Holding AG, Methode Electronics Inc., Norbar Torque Tools Ltd., Novanta Inc., RACELOGIC Ltd., Robert Bosch GmbH, TE Connectivity Ltd., and Valeo SA. Also, the automotive steering torque sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.