Press release
Automotive Steering Sensors Market 2027 By Top Players - Methode Electronics, Infineon Technologies, Hellas, Valeo, Bosch, NXP Semiconductors, DeAmertek Corporation, Honeywell, Sensata Technologies, BEI Sensors
Automotive Steering Sensors Market 2020
Market Overview :
The Global Automotive Steering Sensors Market is expected to grow at a high CAGR during the forecasting period (2020-2027).
Methode Electronics, Infineon, Hellas, Valeo, Robert Bosch GmbH, NXP Semiconductors, DeAmertek Corporation, Honeywell, Sensata Technologies and Bei Sensors are the well-known players in Steering sensors market.
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Drivers and Restraints:
The awareness for advanced safety systems and technologies in vehicles is growing among the consumers. Automobile manufacturers are obliged to equip their vehicles with driver assistance systems including steering assistance systems because of the rising concerns about passenger safety. Customers are opting for the cars which are equipped with better safety and security systems. So, the increasing awareness about driver safety is boosting the market for steering sensors.
The growth of the Electric Power Steering Market is boosting the market for steering sen-sors. With the advent of electric power steering, there has been an exposure to steering technology which is much better than the conventional steering. So, electronic control over steering systems is expected to significantly impact the progress of the market owing to the increasing demand from end users for improved efficiency, safety, and comfort.
Market Segment Analysis:
The Global Steering sensor market report segments the market by type, technology type, and geography. By type, the market can be segmented as- Torque and angle Sensors, Motor Position Sensors, Health Monitoring Systems and others. Torque and angle sensors have the largest market. However, Health monitoring systems have a vast potential for growth in the coming years.
National Highway Traffic Safety Administration (NHTSA) has conducted a study that identi-fies certain medical conditions that contribute to motor vehicle crash causation. It was found that about 1.3% of all crashes included in this survey were caused by driver reported medical emergencies and 84% of the drivers in these emergencies experienced seizures, blackouts or diabetic reaction before the crashes. Thus, there is a strong premise for moni-toring the health status of drivers through active or passive methods.
Automakers such as Audi, BMW, Mercedes, Ford, Volkswagen and Volvo already offer fea-tures for monitoring driver attention and detect drowsiness using driving inputs cameras and sensors. In precarious conditions, these built-in systems can alert the user and in some cases take remedial action. Attention assistance systems are slowly becoming mainstream now with several more OEMs announcing their plans to similar roll-out systems. The market for health monitoring system sensors is expected to proliferate in the coming years.
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Key market segments covered
By Type :
o Angle and Torque Sensors
o Motor Position Sensors
o Health Monitoring Systems
o Multi-Functional Sensor Systems
o Others
By Technology :
o Magnetic
o Contacting
o Others
By Region :
o Asia Pacific
o Europe
o North America
o South America
o Rest of the World
Why Purchase the Report?
Visualize the composition of the Automotive Steering Sensors Market across each indication, regarding type and treatment options, highlighting the vital commercial assets and players.
Identify business opportunities in Automotives Steering Sensors Market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Automotive Steering Sensors Market - level 4/5 segmentation.
A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the principal products of all major market players
Target Audience :
Equipment Suppliers/ Buyers
Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers
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