DUBLIN--(BUSINESS WIRE)--The "Global Automotive Steering Torque Sensor Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global automotive steering torque sensor market is to grow at a CAGR of 6.24% during the period 2018-2022.
The report has been prepared based on in-depth market analysis, with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is new and innovative torque sensors. The continuously rising innovation, coupled with technological advancements in the automotive industry, have led to the demand for new, as well as improved, torque sensors. Moreover, the growing preference for automatic transmission vehicles is also fueling the increased demand for torque sensors.
According to the report, one driver in the market is the high penetration of EPS systems in passenger vehicles and light commercial vehicles. An electric power steering (EPS) is equipped with electric motors and a control unit connected to the sensors, which enables drivers to steer the wheel with less manual force. Moreover, electric steering systems are light-weight, easy to maintain, and offer high energy efficiency.
Further, the report states that one challenge in the market is high initial capital investment. The initial capital investment required for manufacturing torque sensors is high, which poses a major threat to manufacturing operations. The development and growth of economies have led to volatile raw material prices across industries.
- Honeywell International
- TE Connectivity
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/gplkck/global_automotive?w=4