The global market for automotive steering sensors is estimated to grow at a CAGR of 13.65% till 2020. Europe was the largest market for automotive steering sensors as of 2015. However, Asia-Pacific region is expected to become the major market for the manufacture of these systems, with India, Japan and China stepping ahead towards becoming automotive component manufactures hubs and sourcing to countries such as US and Germany.
Increasing global population and a subsequent spike in the vehicle owning households, spiked up demand for mobile monitoring devices such as heart rate monitors, growing government regulations to monitor the driver safety are some of the major factors that are driving the market for automotive steering sensors towards growth. Growth in the popularity for hybrid and fuel cell vehicles, which have an exponential use of sensors for motor speed and position, is another growth opportunity for the automotive steering sensor market.
The market was segmented based on the technology type, by type, and by geography. The market for steering sensors is expected to grow considerably over the coming 5 years. This can be accounted to the latest advancements in the steering angle and multifunctional intelligent system sensors, aiding in a better and safer drive.
- Active Sensors
- BEI Sensors
- Bourns, Inc.
- Continental AG
- De Amertek Corporation
- Future Electronics
- Guttersberg Consulting GmbH
- Hella KGaA Hueck & Co
- Mountz Incorporated
- Moving Magnet Technologies SA
- MTS Systems Corporation
- Novotechnik U.S., Inc
- Sensor Developments Inc.
- SSI Technologies, Inc.
- Takata Corporation
- TE Connectivity Ltd.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview and Technology Trends
6. Global Automotive Steering Sensors Market, By Type
7. Global Automotive Steering Sensors Market, By Technology
8. Global Automotive Steering Sensors Market, By Geography
9. Competitive Landscape
10. Key Vendor Analysis
11. Analyst Outlook For Investment Opportunities
12. Future Outlook of the Market
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