The Automotive Steering Sensors Market Report 2018-2023 focuses on the global Automotive Steering Sensors status, future forecast, growth opportunity, key market, and key players.
The Automotive Steering Sensors Market report studies the global market size of Automotive Steering Sensors in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Automotive Steering Sensors in these regions. This research report categorizes the global Automotive Steering Sensors market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Automotive Steering Sensors include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- Methode Electronics Inc.
- Hella Kgaa Hueck & Co
- Valeo S.A.
- Asahi Kasei
- Robert Bosch Gmbh
- Nxp Semiconductors
- Sensata Technologies
- Bei Sensors
- Hitachi Metals
Overview of Automotive Steering Sensors Market Research Report 2018-2023:-
The automotive steering sensors is estimated to grow at an estimated CAGR of 13.65% until 2020. Europe was the largest market for automotive steering sensors in 2015. However, the Asia-Pacific region is expected to become the major market for the manufacture of these systems, with India, Japan and China moving towards becoming manufacturing hubs for automotive component and sourcing the same to countries such as the United States and Germany. The market for steering sensors is expected to grow considerably over the forecast period. This can be attributed to the latest advancements in the steering angle and multifunctional intelligent system sensors, aiding a better and safer drive.
Increasing Government Initiatives for Safety
Advanced safety and security features are no longer restricted to premium vehicles. Consumers are more concerned about safety systems and technologies, taking interest in opting vehicles with better safety systems. Rising concerns about passenger safety has obliged automobile manufacturers to equip their vehicles with driver assistance systems including steering assistance systems. The integration of numerous steering sensors in analectic power steering (EPS) helps provide additional safety benefits to the driver. Moreover, the stringency in Government regulations regarding fuel efficiency as well as safety initiatives, are an important driver for the growth and development of the advanced steering systems (EPS), which employ steering sensors comprehensively.
Factors which are pushing up the market growth
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.
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Reasons to Purchase this Report
Key questions answered in the Automotive Steering Sensors Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Steering Sensors market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Automotive Steering Sensors Market Research Report 2018-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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