Press release
Europe Automotive EPS Market 2022 Size, Status and Industry Outlook - Hubei Henglong Auto System Group, Denso Corporation, GKN PLC, JTEKT Corporation
Market Insights Reports has added new statistical data to its repository titled as, Global Europe Automotive EPS Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Europe Automotive EPS market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.The Europe Automotive Electric Power Steering (EPS) Market is projected to grow with a CAGR of more than 6% during the forecast period.
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Top Key Players in the Global Europe Automotive EPS Market is Hubei Henglong Auto System Group, Denso Corporation, GKN PLC, JTEKT Corporation, Mitsubishi Electric Corporation, Nexteer Automotive, NSK Ltd, Robert Bosch GmbH, Thyssenkrupp Pr-sta 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/10192353924/europe-automotive-eps-market-growth-trends-and-forecasts-2020-2025?Mode=A28
This Global Europe Automotive EPS 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 Global Europe Automotive EPS 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?
We Also Offer Customization on report based on specific client Requirements:
- Free Country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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