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Russia Automotive Electric Power Steering Market Global Outlook 2021-2025: Denso Corporation, GKN PLC, JTEKT Corporation, Mitsubishi Electric Corporation, Nexteer Automotive
Market Insights Reports delivers key insights on the Automotive Electric Power Steering market in its latest report titled, “Russia Automotive Electric Power Steering Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this reportThe Russia Automotive EPS Market is projected to grow with a CAGR of more than 4% during the forecast period.
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Top Key Players in the Russia Automotive Electric Power Steering Market are Hubei Henglong Auto System Group, Denso Corporation, GKN PLC, JTEKT Corporation, Mitsubishi Electric Corporation, Nexteer Automotive, NSK Ltd, Robert Bosch GmbH, Thyssenkrupp Presta AG, ZF Friedrichshafen AG, and others.
Industry News and Update:
- In 2019, NSK Ltd. which was a leader in electric power steering and Volkswagen AG have entered into a formal cooperation agreement, both companies steering divisions have agreed on development cooperation.
Key Market Trends:
Sensors are Expected to Grow at Rapid Pace in the Market
The major change between the traditional power steering to electric power steering is the hydraulic parts of the system such as hoses, belts, and pumps which are replaced by digital sensors and motors in the EPS systems. Sensors are one of the most critical parts in the EPS system, mainly the torque sensor, which collects steering direct and road resistance input and communicate the torque to the EPS module. The sensors produce a digital square wave signal with the frequency depending on the speed with which the wheel is turning. The signal is low when the wheel is kept straight and increases as the wheel is turned away from the center. Some of the recent advancements of the EPS sensors are
In 2018, Hella showcased its steering and braking solutions in which it displayed the steering angle sensor, Torque and Angle Sensor (TAS). These sensors are based on contactless inductive position sensor (CIPOSA) technology, which measures the torque and angle of the steering wheel with accuracy.
Whereas in 2019, Infineon Technologies AG has launched a linear Hall sensor. The XENSIV TLE4999I3 provides the highest level of functional safety (ASIL D). These include various features such as electric steering systems, electric throttle control systems, and pedal applications.
Moreover, the stringency in government regulations regarding fuel efficiency and safety initiatives are important drivers for the growth and development of the advanced steering systems that comprehensively employ steering sensors.
Full Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/10192353974/russia-automotive-electric-power-steering-market-growth-trends-and-forecasts-2020-2025?Mode=28
This Russia Automotive Electric Power Steering Market report addresses:
- The Market size from 2016-2021
- Expected market growth until 2025
- Forecast of how market drivers, restraints, and future opportunities will affect
- Segment and regions that will drive or lead the market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Automotive Electric Power Steering market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
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