The global market for automotive steering sensors is estimated to grow at a CAGR of 14.35% till 2022. Europe is the largest market for automotive steering sensors as of 2015. However, the Asia-Pacific region is expected to become the major market for the manufacture of these systems, with India, Japan and China stepping towards becoming automotive component manufacture hubs and sourcing to countries such as US and Germany. The market for steering sensors is expected to grow considerably over the coming 5 years. This can be attributed to the latest advancements in the steering angle and multifunctional intelligent system sensors, aiding a better and safer drive.
Hella is now working on cutting down the packaging height to allow small crash length and also on sensor size and weight reduction. Employing its patented contactless inductive position sensor (CIPOS), Hella is able to achieve high flexibility and proven insensitivity. KMT telemetry came up with a new steering effort sensor that boasts of a control unit that simultaneously provides a free configurable CAN output for the data transfer of all parameters plus two analog outputs for steering angle and torque. Further, with this sensor, all the features of multi-function steering wheels can be maintained because no modifications to the original steering wheel are needed.
Increasing global population and a subsequent spike in the vehicle owning households, increased demand for mobile monitoring devices such as heart rate monitors and growing government regulations to monitor driver safety are some of the major factors that are driving the market for automotive steering sensors towards growth. Growth in the popularity of hybrid and fuel cell vehicles that have an exponential use of sensors for motor speed and position shows another growth opportunity for the automotive steering sensor market.
The market was segmented based on the technology, type, and geography.
Some of the key market players are:
- BEI Sensors
- Continental AG
- Hella KGaA Hueck & Co Honeywell
- Mountz Incorporated
- MTS Systems Corporation
- Sensor Developments Inc.
- TE Connectivity Ltd.
Our Report Offerings
- This report on global automotive steering sensors market, analyzes the current trends on a global and region scale in detail.
- This report offers the technical aspects and economic data of the market and its forecast for the next 5 years (2015-2020).
- It also discusses the latest technologies in the steering sensor systems that are under development and in the research pipeline.
- This report provides a list of the major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out.
Guttersberg Automotive recently developed a high tech innovation that senses the condition of a driver nodding off, based on his/her grip over the steering wheel. Further, the pressure-sensing feature enables to trigger an emergency alarm when it senses a distress in the driver.
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1.1 Study Deliverables
1.2 General Study Assumptions
2. RESEARCH METHODOLOGY
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Applications of Steering Sensors
5.3 Investment Analysis
5.4 Porter's Five Forces Framework
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products and Services
5.4.5 Competitive Rivalry within the industry
5.5 Drivers, Restraints, Opportunities and Challenges
5.6 Technology Trends
6. AUTOMOTIVE STEERING SENSORS MARKET, BY TYPE
6.1 Health Monitoring Systems
6.2 Torque and Angle Sensors
6.3 Intelligent Multifunctional Sensor Systems
6.4 Position Sensors
7. AUTOMOTIVE STEERING SENSORS MARKET, BY TECHNOLOGY
8. AUTOMOTIVE STEERING SENSORS MARKET, BY GEOGRAPHY - Regional Share and Forecasts
8.1 North America (NA)
8.1.2 United States
8.1.4 Rest of North America
8.2 Europe (EU)
8.2.7 Rest of Europe
8.3 Asia-Pacific (APAC)
8.3.6 South Korea
8.3.7 Rest of Asia-Pacific
8.4 Middle East and Africa (MEA)
8.4.2 South Africa
8.4.3 Saudi Arabia
8.4.5 Rest of the MEA
8.5 Latin America
8.5.5 Rest of Latin America
9. COMPETITIVE LANDSCAPE
9.2 Market Share Analysis
9.3 Strategies and Developments of key players?
10. KEY VENDOR ANALYSIS
10.1 Active Sensors
10.2 BEI Sensors
10.3 Bourns, Inc.
10.4 Continental AG
10.6 De Amertek Corporation
10.7 Future Electronics
10.8 Guttersberg Consulting GmbH
10.9 Hella KGaA Hueck & Co
10.11 Mountz Incorporated
10.12 Moving Magnet Technologies SA
10.13 MTS Systems Corporation
10.14 Novotechnik U.S., Inc
10.15 Sensor Developments Inc.
10.16 SSI Technologies, Inc.
10.17 Takata Corporation
10.18 TE Connectivity Ltd.
11. ANALYST OUTLOOK FOR INVESTMENT OPPORTUNITIES
12. FUTURE OUTLOOK OF THE MARKET