Automotive steering torque sensor is a part of electric power steering system that measures torque over steering wheel.  This sensor records the torsion bar angle that is required for steering movement. Two main types of torque sensors found in electronic power steering systems are contact torque sensors and non-contact torque sensors

Market Dynamics:

Increasing demand for advanced, high-performance vehicles due to increasing fuel prices is one of the major factors propelling demand for steering torque sensors in the automotive sector. Electric power systems help to reduce fuel consumption. For instance, according to a press release of Robert Bosch Gmbh on June 2015, electric power steering system saves 0.6 liters of fuel in 100 km compared to hydraulic power steering system. The press release also stated that electric power steering system produces 16.1 g/km less carbon dioxide compared to hydraulic power steering system. These benefits influence car manufacturer to replace hydraulic steering system technology with electric power system. Therefore, increasing installation of electric power systems propel demand for steering torque sensors. Steering torque sensors measure torque that driver applies to the steering wheel. The data is transferred to Electronic Control Unit (ECU) that monitors the overall speed of the vehicle. ECU later calculates the assisting torque that is required to be applied and accordingly signals the assist unit i.e. motor to apply the desired torque to steering gear. Therefore, these factors are expected to propel demand for steering torque sensors over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global Automotive steering torque sensors market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the automotive steering torque sensors market based on the following parameters– regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Robert Bosch Gmbh, Denso Corporation, Crane Electronics, Honeywell International, Sensor Technology, Valeo, TE Connectivity, Kistler Instruments Pvt. Ltd., Norbar Torque Tools Ltd., Bourns, Inc., Advanced Micro Electronics Co. Ltd., Methode Electronics, Inc., and others

• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Automotive steering torque sensors market

Detailed Segmentation:

• Global Automotive Steering Torque Sensors Market, By Application
  • Passenger Cars
  • Commercial Vehicles
    • Heavy Commercial Vehicles
    • Light Commercial Vehicles
• Global Automotive Steering Torque Sensors Market, By Sales Channel
  • Original Equipment Manufacturer
  • After Market
• Global Automotive Steering Torque Sensors Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Robert Bosch Gmbh*
  • Denso Corporation
  • Crane Electronics
  • Honeywell International
  • Sensor Technology
  • Valeo
  • TE Connectivity
  • Kistler Instruments Pvt. Ltd.
  • Norbar Torque Tools Ltd.
  • Bourns, Inc.
  • Advanced Micro Electronics Co. Ltd.
  • Methode Electronics, Inc.
  • Others