PUBLISHER: TechSci Research | PRODUCT CODE: 1901666
PUBLISHER: TechSci Research | PRODUCT CODE: 1901666
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The Global Automotive Steering Sensor Market will grow from USD 9.72 Billion in 2025 to USD 14.53 Billion by 2031 at a 6.93% CAGR. The Global Automotive Steering Sensor Market comprises electromechanical components designed to measure the steering wheel's angle, torque, and rotational speed, converting these physical inputs into signals for the Electronic Control Unit.
| Market Overview | |
|---|---|
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 9.72 Billion |
| Market Size 2031 | USD 14.53 Billion |
| CAGR 2026-2031 | 6.93% |
| Fastest Growing Segment | Torque Sensors |
| Largest Market | Asia Pacific |
Key Market Drivers
Accelerated production and adoption of electric vehicles (EVs) fundamentally alters steering architecture, driving the necessity for robust sensor integration. Unlike internal combustion engines, EVs rely heavily on electric power steering (EPS) and emerging steer-by-wire systems to manage the increased curb weight caused by battery packs. These systems depend on high-precision torque and angle sensors to replicate road feedback and ensure responsive handling without mechanical linkages.
Key Market Challenges
The volatility of the semiconductor supply chain presents a formidable barrier to the Global Automotive Steering Sensor Market. Modern steering systems, particularly those integral to electric power steering and safety applications, are heavily dependent on complex microchips to process torque and angle data. When the supply of these semiconductors fluctuates, sensor manufacturers experience immediate production bottlenecks and increased manufacturing costs. This instability forces automotive Original Equipment Manufacturers to delay vehicle assembly, thereby reducing the volume of orders for steering sensors and creating revenue unpredictability for component suppliers.
Key Market Trends
The Proliferation of Steer-by-Wire Sensor Architectures is fundamentally reshaping the market by decoupling the steering wheel from the road wheels, thereby necessitating advanced sensor suites to replace mechanical linkages. This architecture requires robust, fail-operational configurations that utilize redundant torque and angle sensors to ensure safety and precise feedback in the absence of a physical column. The commercial viability of this technology is rapidly materializing as suppliers secure high-volume production contracts.
In this report, the Global Automotive Steering Sensor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Automotive Steering Sensor Market, By Sensor Type:
Health Monitoring Systems
Torque Sensors
Intelligent Multi-functional Sensor Systems
Position Sensors/Angle Sensors
Other Sensor Types
Automotive Steering Sensor Market, By Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Automotive Steering Sensor Market, By Technology:
Contacting and Magnetic
Automotive Steering Sensor Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Company Profiles: Detailed analysis of the major companies present in the Global Automotive Steering Sensor Market.
Global Automotive Steering Sensor Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).