Press release
Global automotive steering sensors market to hit USD 14.6 billion by 2030 | DataM Intelligence
"Global automotive steering sensors market reached USD 9.5 billion in 2022 and is expected to reach USD 14.6 billion by 2030, growing with a CAGR of 5.7% during the forecast period 2024-2031." As per DataM intelligence research reportThe Automotive Steering Sensors Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.
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United States: Recent Industry Developments
✅ In August 2025, FORVIA HELLA initiated series production of advanced steering sensors for steer-by-wire applications, collaborating with premium manufacturers in Germany and China. These sensors detect torque and angle, transmitting signals electrically to the steering control unit, marking a significant step towards fully electric steering systems.
✅ In June 2025, Continental Automotive announced plans to expand its New Braunfels, Texas facility with a $45 million investment. The expansion aims to enhance production capabilities for advanced driver-assistance systems (ADAS), including radars and sensors, to support long-term growth and new partnerships in autonomous freight trucking.
✅ In May 2025, Stellantis acquired a stake in SteerLight, a French optical radar start-up, to bolster its autonomous driving technology. The investment focuses on diversifying the supply of light detection and ranging (LiDAR) sensors for electric vehicles, addressing challenges related to component size and cost.
Japan: Recent Industry Developments
✅ In July 2025, a leading Japanese automotive supplier commenced series production of next-generation steering sensors for steer-by-wire systems. These sensors are designed to improve vehicle safety and performance by providing precise steering control in electric and autonomous vehicles.
✅ In June 2025, Japan's Ministry of Economy, Trade, and Industry (METI) announced a $20 million grant to support the development of advanced steering sensor technologies. The initiative aims to enhance the competitiveness of Japanese manufacturers in the global automotive market.
✅ In May 2025, a Japanese automotive parts manufacturer unveiled a new line of steering sensors incorporating artificial intelligence (AI) for adaptive steering control. The sensors are expected to improve driving comfort and safety by adjusting steering response based on road conditions and driver behavior.
Automotive Steering Sensors Market: Drivers
The automotive steering sensors market is driven by the increasing adoption of advanced driver-assistance systems (ADAS) and autonomous vehicle technologies. Rising demand for enhanced vehicle safety, precision steering, and improved handling is boosting sensor integration in modern vehicles. Regulatory mandates on road safety and crash prevention systems are encouraging automakers to adopt steering sensor technologies. Growing consumer preference for vehicles with enhanced driving comfort and performance supports market expansion. Increasing production of electric and connected vehicles is further driving the adoption of automotive steering sensors.
Market growth is also fueled by innovations in sensor technologies, including torque, angle, and position sensors, which improve accuracy and reliability. Collaborations between automotive OEMs and technology providers are facilitating integration of advanced steering solutions. The expansion of global automotive manufacturing, especially in emerging economies, is creating new opportunities for sensor deployment. Rising focus on predictive maintenance and vehicle diagnostics is increasing the demand for steering sensor systems. With continuous advancements in vehicle automation and safety technologies, the automotive steering sensors market is poised for steady growth worldwide.
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Segment Covered in the Automotive Steering Sensors Market:
➥ By Type: Torque and Angle Sensors, Motor Position Sensors, Health Monitoring Systems, Multi-functional Sensor Systems, Others
➥ By Technology: Magnetic, Contacting, Others
Automotive Steering Sensors Market: Major Players
Methode Electronics, Infineon, Hella Kgaa Hueck & Co., Valeo S.A., Honeywell, Robert Bosch GmbH, NXP Semiconductors, Sensata Technologies, DeAmertek Corporation and Bei Sensors.
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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