Press release
Automotive Steering Sensors Market to Reflect Steadfast Expansion during 2019 – 2023 | Top Key Vendors - Methode Electronics, Honeywell, Valeo SA, Infineon, Asahi Kasei, Robert Bosch Gmbh, Hitachi Metals
Automotive Steering Sensors Market
Overview of the Global Automotive Steering Sensors Market:
The Global Automotive Steering Sensors Market is estimated to grow at an estimated CAGR of 13.65% until 2020.
Europe was the largest market for automotive steering sensors in 2015. However, the Asia-Pacific region is expected to become the major market for the manufacture of these systems, with India, Japan and China moving towards becoming manufacturing hubs for automotive component and sourcing the same to countries such as the United States and Germany. The market for steering sensors is expected to grow considerably over the forecast period. This can be attributed to the latest advancements in the steering angle and multifunctional intelligent system sensors, aiding a better and safer drive.
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As per the market report, advanced safety and security features are no longer restricted to premium vehicles. Consumers are more concerned about safety systems and technologies, taking interest in opting vehicles with better safety systems. Rising concerns about passenger safety has obliged automobile manufacturers to equip their vehicles with driver assistance systems including steering assistance systems. The integration of numerous steering sensors in analectic power steering (EPS) helps provide additional safety benefits to the driver.
Rising world population and a subsequent spike in the vehicle owning households, increased demand for mobile monitoring devices such as heart rate monitors and growing government regulations to monitor driver safety are some of the major factors that are driving the market for automotive steering sensors towards growth. Growth in the popularity of hybrid and fuel cell vehicles that have an exponential use of sensors for motor speed and position shows another growth opportunity for the Automotive Steering Sensors Market.
This comprehensive Automotive Steering Sensors Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 Methode Electronics Inc.
2 Honeywell
3 Hella Kgaa Hueck & Co
4 Valeo S.A.
5 Infineon
6 Asahi Kasei
7 Robert Bosch Gmbh
8 Nxp Semiconductors
9 Hitachi Metals and More……………..
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Table of Contents:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview and Trends
5 Market Dynamics
6 Global Automotive Steering Sensors Market Segmentation, By Type
7 Global Automotive Steering Sensors Market Segmentation, By Technology Type
8 Global Automotive Steering Sensors Market Segmentation, Segmented By Region
9 Competitive Landscape and Introduction
10 Key Vendor Analysis (Overview, Products & Services, Strategies)
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We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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