Press release
Electric Power Steering Sensors Market was valued at US$ 14.6 billion in 2021 and it is anticipated to grow up to US$ 27.4 billion by 2031
Electric Power Steering Sensors Market
Electric power steering (EPS) sensors are used in the vehicle's power steering system for efficient handling and operation. The EPS system replaces traditional steering systems such as hydraulic power steering and electro-hydraulic systems. The rising importance of self-driving or autonomous vehicles is expected to fuel the market growth of EPS systems, thereby increasing the growth of the EPS sensors. Using an EPS system in a vehicle, which includes an electric power steering pump, a power steering motor, and sensors, helps reduce overall weight, improve fuel efficiency, and extend vehicle life.
Read more about Electric Power Steering Sensors Market here: https://www.globalinsightservices.com/reports/electric-power-steering-sensors-market/
An electric motor inside the EPS manages the steering of the vehicle. The EPS manages and supports vehicle steering with an electric motor, offering the driver a satisfying and ideal steering experience. The latest generation of control units also offers security in the event of an accident.
Market Drivers and Trends:
The EPS used in cars has components such as motor, sensor, and steering column. Compared to Hydraulic Power Steering (HPS), the EPS uses an electric motor to assist the driver in steering the car rather than drawing power from the engine to run a hydraulic system to steer the car. Thus, reducing stress on the engine increases the fuel efficiency of an engine. An increase in fuel prices is leading to a rise in the sale of fuel-efficient cars. Thus, it is further expected to drive the Electric Power Steering (EPS) sensor market demand.
To remain 'ahead' of your competitors, request for a sample: https://www.globalinsightservices.com/request-sample/GIS10405/
COVID-19 Impact:
In 2020, the spread of the COVID-19 pandemic had negatively impacted the global electric power steering sensors market. Due to the unstable environment created by the COVID-19 pandemic and lack of resources, vehicle manufacturing globally fell compared to the previous year, 2019. Further, shortages in semiconductors caused by supply chain disruption harmed the market in various sectors. The semiconductor shortages led to disruption in automobile production as semiconductors are used in the various components of the automobile.
Major Players in the Global Electric Power Steering Sensors Market:
The key players studied in the global electric power steering sensors market are Advanced Leading Technology Co. (China), Continental AG (Germany), HELLA GmbH & Co. KGaA (Germany), Hitachi Astemo Americas, Inc. (US), Infineon Technologies AG (Germany), JTEKT Corporation (Japan), NXP Semiconductors N.V. (The Netherlands), Robert Bosch GmbH (Germany), TT Electronics PLC (UK), and Valeo (France).
Get a Customized Scope to Match Your Need Ask an Expert: https://www.globalinsightservices.com/request-customization/GIS10405/
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Power Steering Sensors Market was valued at US$ 14.6 billion in 2021 and it is anticipated to grow up to US$ 27.4 billion by 2031 here
News-ID: 2721593 • Views: …
More Releases from Global Insight Services
Hydrogen Generation Market Poised to Grow from $155.5 Billion in 2024 to $410.6 …
The Hydrogen Generation Market is set to experience remarkable growth, expanding from $155.5 billion in 2024 to an estimated $410.6 billion by 2034, registering a robust CAGR of approximately 10.2%. Hydrogen generation involves producing and supplying hydrogen through various techniques, including steam methane reforming, electrolysis, and coal gasification. This market plays a pivotal role in supporting industries seeking cleaner energy solutions, spanning transportation, power generation, and industrial processes. As the…
Identity and Access Management Market Poised to Grow from $15.9 Billion in 2024 …
The Identity & Access Management (IAM) market is poised for substantial growth, expanding from an estimated $15.9 billion in 2024 to $38.2 billion by 2034 at a robust CAGR of approximately 9.2%. IAM encompasses systems, tools, and policies that manage digital identities and regulate user access within organizations. This includes solutions such as authentication, single sign-on, identity governance, and privileged access management. These technologies are essential for ensuring security, compliance,…
Endoscopy Devices Market Is Anticipated To Expand From $14.5 Billion In 2024 To …
Market Overview
The Endoscopy Devices Market is playing an increasingly important role in modern healthcare by supporting minimally invasive diagnostic and surgical procedures. These devices, which include endoscopes, visualization systems, and complementary instruments, allow physicians to examine internal organs with precision, leading to faster diagnoses, less trauma for patients, and improved recovery times. As the global burden of chronic diseases rises, the demand for such technologies continues to expand. Additionally, advancements…
Sustainable Fashion Market Is Anticipated To Expand From $13.8 Billion In 2024 T …
Market Overview
The Sustainable Fashion Market has gained remarkable momentum in recent years as consumers, brands, and policymakers increasingly recognize the need for eco-friendly and socially responsible alternatives in the fashion industry. Unlike conventional fashion, which is often criticized for its high carbon footprint and exploitative labor practices, sustainable fashion emphasizes the use of organic, recycled, and biodegradable materials, along with ethical supply chains and fair trade principles. This shift represents…
More Releases for EPS
Single-Pinion EPS & Dual-Pinion EPS Market Size and Growth Forecast by Applicati …
USA, New Jersey- According to Market Research Intellect, the global Single-Pinion EPS & Dual-Pinion EPS market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for single-pinion and dual-pinion electric power steering (EPS) systems is expanding due to the increasing demand for fuel-efficient and advanced…
Single-Pinion EPS & Dual-Pinion EPS Market Trends and Forecast Report 2022 | By …
The QY Research released a latest market research report on the global and United States Single-Pinion EPS & Dual-Pinion EPS market, which is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Single-Pinion EPS & Dual-Pinion EPS market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast…
Electronic Power Steering (EPS) Market Forecast to 2027 - COVID-19 Impact and Gl …
In terms of revenue, the global electronic power steering market was valued at US$ 52.6 billion in 2019 and is projected to reach US$ 54.9 billion by 2027; it is expected to grow at a CAGR of 3.6% during the forecast period from 2020 to 2027.
Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPTE100000331/?utm_source=openpr&utm_medium=10387
Major Players in the market are: Hyundai Mobis, JTEKT Corporation, Mitsubishi Electric Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH,…
Light Commercial Vehicle EPS Market Forecast to 2028 - Covid-19 Impact and Globa …
Electric Power Steering (EPS) is the latest technology in the field of Automobile industry. Compared to the traditional steering system, EPS enhance the driving experience for car drivers and also increases the fuel efficiency. Many car manufacturing companies are offering EPS technology in their cars.
Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPTE100000676/?utm_source=OpenPR&utm_medium=10387
Major Players in the market are: JTEKT Corporation., Robert Bosch GmbH, NSK Ltd., ZF Friedrichshafen AG, Nexteer Automotive, Hyundai Mobis Co.,…
Global Power Assisted Steering PAS Market By Type (C-EPS, P-EPS, R-EPS) By Appli …
The Global Power Assisted Steering PAS Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Power Assisted Steering PAS Market report aims to provide an overview of Power Assisted Steering PAS Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending…
eps - around the World with Lady Gaga
Infrastructure service provider on tour
Since early 2012, infrastructure service provider eps has been on a world tour with one of the most popular and innovative performers of our time: Lady Gaga and her “Born This Way Ball”.
eps tour equipment
At the request of promoter Live Nation Global Touring, eps provided a variety of equipment: GIGS stage barricades with special elements for unique configurations, turf protection systems like Terraplas, Supa-Trac and Rollaway,…
