Global Automotive Steering Torque Sensor Market 2022-2026

Published: April 28, 2022 |

TechNavio (Infiniti Research Ltd.) | 120 Pages | Delivery time: 1-2 business days

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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 Application

Passenger vehicles
Commercial vehicles

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

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:

Automotive steering torque sensor market sizing
Automotive steering torque sensor market forecast
Automotive steering torque sensor market industry analysis

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.

Product Code: IRTNTR41036

1. Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2. Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3. Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis

4.1 Five Forces Summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by Application

5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Passenger cars - Market size and forecast 2021-2026
Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
5.4 Commercial vehicles - Market size and forecast 2021-2026
Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 36: Market opportunity by Application ($ million)

6. Customer landscape

Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7. Geographic Landscape

7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on APAC- Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on APAC- Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC- Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America- Market size and forecast 2021-2026
Exhibit 50: Chart on North America- Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on North America- Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on North America- Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America- Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US- Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US- Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US- Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US- Year-over-year growth 2021-2026 (%)
7.10 Japan - Market size and forecast 2021-2026
Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.11 Germany - Market size and forecast 2021-2026
Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.12 India - Market size and forecast 2021-2026
Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)

8. Drivers, Challenges, and Trends

8.1 Market drivers
- 8.1.1 High penetration of EPS system in PVs and LCVs
- 8.1.2 Increasing demand for Evs
- 8.1.3 Rapidly increasing electronic content per vehicle
8.2 Market challenges
- 8.2.1 High initial capital investment
- 8.2.2 Increasing design complexity
- 8.2.3 Negligible penetration of EPS in HCVs
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
- 8.4.1 New and innovative torque sensors
- 8.4.2 Rise in demand for wireless connectivity in torque sensors
- 8.4.3 Electrohydraulic power steering in HCVs

9. Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business

10. Vendor Analysis

10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Advanced Micro Electronics Co. Ltd.
Exhibit 89: Advanced Micro Electronics Co. Ltd. - Overview
Exhibit 90: Advanced Micro Electronics Co. Ltd. - Product / Service
Exhibit 91: Advanced Micro Electronics Co. Ltd. - Key offerings
10.4 Bourns Inc.
Exhibit 92: Bourns Inc. - Overview
Exhibit 93: Bourns Inc. - Product / Service
Exhibit 94: Bourns Inc. - Key offerings
10.5 DENSO Corp.
Exhibit 95: DENSO Corp. - Overview
Exhibit 96: DENSO Corp. - Business segments
Exhibit 97: DENSO Corp. - Key news
Exhibit 98: DENSO Corp. - Key offerings
Exhibit 99: DENSO Corp. - Segment focus
10.6 HELLA GmbH and Co. KG
Exhibit 100: HELLA GmbH and Co. KG - Overview
Exhibit 101: HELLA GmbH and Co. KG - Business segments
Exhibit 102: HELLA GmbH and Co. KG - Key offerings
Exhibit 103: HELLA GmbH and Co. KG - Segment focus
10.7 Honeywell International Inc.
Exhibit 104: Honeywell International Inc. - Overview
Exhibit 105: Honeywell International Inc. - Business segments
Exhibit 106: Honeywell International Inc. - Key news
Exhibit 107: Honeywell International Inc. - Key offerings
Exhibit 108: Honeywell International Inc. - Segment focus
10.8 Infineon Technologies AG
Exhibit 109: Infineon Technologies AG - Overview
Exhibit 110: Infineon Technologies AG - Business segments
Exhibit 111: Infineon Technologies AG - Key news
Exhibit 112: Infineon Technologies AG - Key offerings
Exhibit 113: Infineon Technologies AG - Segment focus
10.9 Methode Electronics Inc.
Exhibit 114: Methode Electronics Inc. - Overview
Exhibit 115: Methode Electronics Inc. - Business segments
Exhibit 116: Methode Electronics Inc. - Key offerings

Exhibits:

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Application
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Vendor Market Positioning
Exhibits9: Parent market
Exhibits10: Market Characteristics
Exhibits11: Offerings of vendors included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits17: Five forces analysis - Comparison between2021 and 2026
Exhibits18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits23: Chart on Market condition - Five forces 2021 and 2026
Exhibits24: Chart on Application - Market share 2021-2026 (%)
Exhibits25: Data Table on Application - Market share 2021-2026 (%)
Exhibits26: Chart on Comparison by Application
Exhibits27: Data Table on Comparison by Application
Exhibits28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
Exhibits29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
Exhibits30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
Exhibits31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
Exhibits32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
Exhibits33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
Exhibits34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
Exhibits35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
Exhibits36: Market opportunity by Application ($ million)
Exhibits37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits40: Chart on Geographic comparison
Exhibits41: Data Table on Geographic comparison
Exhibits42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits50: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits52: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits53: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits57: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits65: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits72: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibits73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibits74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibits77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibits78: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibits79: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibits80: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits81: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits82: Market opportunity By Geographical Landscape ($ million)
Exhibits83: Impact of drivers and challenges in 2021 and 2026
Exhibits84: Overview on Criticality of inputs and Factors of differentiation
Exhibits85: Overview on factors of disruption
Exhibits86: Impact of key risks on business
Exhibits87: Vendors covered
Exhibits88: Matrix on vendor position and classification
Exhibits89: Advanced Micro Electronics Co. Ltd. - Overview
Exhibits90: Advanced Micro Electronics Co. Ltd. - Product / Service
Exhibits91: Advanced Micro Electronics Co. Ltd. - Key offerings
Exhibits92: Bourns Inc. - Overview
Exhibits93: Bourns Inc. - Product / Service
Exhibits94: Bourns Inc. - Key offerings
Exhibits95: DENSO Corp. - Overview
Exhibits96: DENSO Corp. - Business segments
Exhibits97: DENSO Corp. - Key news
Exhibits98: DENSO Corp. - Key offerings
Exhibits99: DENSO Corp. - Segment focus
Exhibits100: HELLA GmbH and Co. KG - Overview
Exhibits101: HELLA GmbH and Co. KG - Business segments
Exhibits102: HELLA GmbH and Co. KG - Key offerings
Exhibits103: HELLA GmbH and Co. KG - Segment focus
Exhibits104: Honeywell International Inc. - Overview
Exhibits105: Honeywell International Inc. - Business segments
Exhibits106: Honeywell International Inc. - Key news
Exhibits107: Honeywell International Inc. - Key offerings
Exhibits108: Honeywell International Inc. - Segment focus
Exhibits109: Infineon Technologies AG - Overview
Exhibits110: Infineon Technologies AG - Business segments
Exhibits111: Infineon Technologies AG - Key news
Exhibits112: Infineon Technologies AG - Key offerings
Exhibits113: Infineon Technologies AG - Segment focus
Exhibits114: Methode Electronics Inc. - Overview
Exhibits115: Methode Electronics Inc. - Business segments
Exhibits116: Methode Electronics Inc. - Key offerings
Exhibits117: Methode Electronics Inc. - Segment focus
Exhibits118: Robert Bosch GmbH - Overview
Exhibits119: Robert Bosch GmbH - Business segments
Exhibits120: Robert Bosch GmbH - Key news
Exhibits121: Robert Bosch GmbH - Key offerings
Exhibits122: Robert Bosch GmbH - Segment focus
Exhibits123: TE Connectivity Ltd. - Overview
Exhibits124: TE Connectivity Ltd. - Business segments
Exhibits125: TE Connectivity Ltd. - Key offerings
Exhibits126: TE Connectivity Ltd. - Segment focus
Exhibits127: Valeo SA - Overview
Exhibits128: Valeo SA - Business segments
Exhibits129: Valeo SA - Key news
Exhibits130: Valeo SA - Key offerings
Exhibits131: Valeo SA - Segment focus
Exhibits132: Inclusions checklist
Exhibits133: Exclusions checklist
Exhibits134: Currency conversion rates for US$
Exhibits135: Research methodology
Exhibits136: Validation techniques employed for market sizing
Exhibits137: Information sources
Exhibits138: List of abbreviations