An automotive steering angle sensor is a critical part of ESC as it measures the steering position angle and rate of turn. The growing popularity of autonomous vehicles and advancements in technologies are the major factors that are expected to drive the growth of the automotive angle steering sensors market. The automotive angle steering sensor market is highly competitive with the presence of some of the prominent players operating in the market, such as Robert Bosch GmbH, TE Connectivity, and Delphi, among others.
MARKET DYNAMICS
The advancements in technologies, the growing focus of the companies towards improving driver safety, and the increasing popularity of cruise mode in vehicles are some of the significant factors driving the growth of the automotive steering angle sensor market. However, high costs of implementation might limit the growth of the automotive steering angle sensor market. The demand for automotive steering angle sensors is expected to grow significantly in the APAC region, owing to the strong automotive manufacturing sector in countries such as China, India, and Japan.
MARKET SCOPE
The "Global Automotive Steering Angle Sensor Market Analysis to 2028" is a specialized and in-depth study of the automotive steering angle sensor market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive steering angle sensor market with detailed market segmentation by type, vehicle type, application, and geography. The global automotive steering angle sensor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive steering angle sensor market players and offers key trends and opportunities in the automotive steering angle sensor market.
MARKET SEGMENTATION
The global automotive steering angle sensor market is segmented on the basis of type, vehicle type, and application. Based on type, the market is segmented as optical sensor and digital sensors. Based on vehicle type, the market is segmented as LCV, passenger cars, and L&HCV. On the basis of application, the market is segmented as electric power steering, electronic stability control (ESC), active steering (AS), variable rate steering (VRS), anti-lock braking system (ABS), lane departure warning, lane assistance, and parking assistance.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive steering angle sensor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Automotive steering angle sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Automotive steering angle sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the Automotive steering angle sensor market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive steering angle sensor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive steering angle sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive steering angle sensor market. Below mentioned is the list of few companies engaged in the Automotive steering angle sensor market.
The report also includes the profiles of key automotive steering angle sensor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Active Sensors
- BEI Sensors
- Bimmerscan
- Delphi Auto Parts
- Hella GmbH and Co. KGAA
- Hirain Technologies Co., Ltd.
- NXP Semiconductors
- Robert Bosch GmbH
- Standard Motor Products, Inc
- TE Connectivity.
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