Report Code: A09137 | Pages: NA | Jul 2023 | 2683 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Steering Angle Sensor Market
Request Now !The demand for safer and environment friendly vehicle has increased in past few years. This has led to rise in demand for electric power steering and electronic stability system. In order to operate these systems effectively, a steering angle sensor is required. The function of steering angle system is to transmit steering angle data to the electronic steering control unit. Moreover, steering angle sensors measure the rate of turn and steering wheel position angle. Likewise, steering angle sensors have two sensing elements, which are used to identify the accurate steering positions. The reason for multiple sensors is redundancy, accuracy, and diagnostics. Furthermore, automotive OEMs are installing sensors in steering systems to provide accurate response and automatically adapt to the vehicle speed.
Demand for advanced safety and comfort driving features are major factors proliferating the demand for automotive steering angle sensors. Additionally, rise in production and sales of luxury cars is driving the market growth. Besides, the steering angle sensors play a major role in avoiding accident. Moreover, increase in popularity of cruise control will propel the market growth. However, high implementation cost could restrain the market growth. Furthermore, investment in R&D for new innovations and changing customer demand is expected to surge the market in the coming years.
The automotive steering angle sensor market trends are as follows:
Automakers are developing portable steering angle measurement sensor using a rate sensor technology. The system should be easy to use and install, portable and have the possibility to be used in different vehicle models. The old system in use is stationary equipment that is difficult to apply on a new vehicle without any major installation. This system provides better feedback and control over the vehicle. In 2015, KTH institute of Sweden designed the portable steering angle measurement sensor.Â
Automotive steering angle sensor manufacturers are shifting their manufacturing units from one country to another. This shift is due to increasing production cost of steering angle sensor. Manufacturing in low-cost country decreases the price of component and expand the market. Additionally, offshoring offers advantage of developing market growth in that particular region. For instance, Denso corporation, a Japanese automotive manufacturer, have started manufacturing in India.
Key benefits of the report:
Questions answered in the automotive steering angle sensor market research report:
Automotive Steering Angle Sensor Market Report Highlights
Aspects | Details |
---|---|
By Technology |
|
By Type |
|
By Vehicle type |
|
By Region |
|
Key Market Players | HELLA GmbH & Co. KGaA, Honeywell International Inc., Robert Bosch GmbH, Bourns Inc., ZF Friedrichshafen AG, Toyodenso Co. Ltd., TOKAI RIKA CO. LTD., DENSO CORP., TE Connectivity Ltd., Valeo SA |
Loading Table Of Content...
Start reading.
This Report and over 54,639+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers