- Speed Sensor
- Steering Torque Sensor
- Steering Wheel Position Sensor
Electric Power Steering (EPS) Sensor Market size was expected to be valued at USD 15.2 billion in 2022 which is expected to grow at a CAGR of 7.3% over 2022-2028. The Electric Power Steering (EPS) sensors are appropriate for light commercial electric vehicles along with midsize, compact, and sports cars. It is a vital technology for fully independent driving enjoyment. The steering of the automobile is handled by an electric motor within the EPS. The EPS handles and supports vehicle steering with the usage of an electric motor, presenting the driver with a sustaining and perfect steering experience. The latest generation of control units also provides security in case of an accident. Electric power steering (EPS) utilizes an electric motor to support the driver in steering the car which outcomes in decreased stress on the engine and improves fuel efficiency which can lead to the electric power steering (EPS) sensor market growth. Moreover, the steep rise in fuel prices and demand for fuel-efficient cars are some primary factors that can boost the global electric power steering (EPS) sensor market. Apart from these, the electric power steering sensor screens the behavior of the driver based on speed, steering movement, tire movement, and road condition which helps in avoiding accidents on roads and can also accelerate the market in the future. However, some factors such as the electric motor which is attached to the steering column may lead to electric power steering failure due to extreme heat and penetration of dirt, water, or any pollutants in the system can cause circuit failure or inappropriate functioning of moving parts can restrain the growth of the market. Electric power-assisted system (EPAS) invention in electric power steering (EPS) sensor can create an opportunity for the global electric power steering (EPS) sensor market growth.
Key Developments:
In October 2021, Nexteer launched Modular Column-assist Electric Power Steering System which is cost-effective.
In January 2020, JTEKT acquired shares of Yutaka Seimitsu Kogyo Ltd. from Toyota Motor Corporation (Toyota).
Electric Power Steering Eps Sensor Market Summary
Study Period
2023-29
Base Year
2022
CAGR
7.3%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
Electric Power Steering (EPS) Sensor Market Dynamics
One of the major reasons for the global electric power steering (EPS) sensor market growth is decreased stress on the engine and growth in fuel efficiency due to electric power steering (EPS) sensor. The Electric Power Steering (EPS) used in cars has components like a motor, steering column, and sensor. In contrast to Hydraulic Power Steering (HPS), the EPS utilizes electric motor to support the driver to steer the car rather than drawing power from the engine to start the hydraulic system in order to steer the car. Hence, it decreases the stress on engine, rises the fuel efficacy of the engine.
Asia Pacific Got Significant Share
Electric Power Steering (EPS) Sensor Market
Asia Pacific is dominating the global electric power steering (EPS) sensor market, due to the increasing penetration of EPS systems in its automobiles and the existence of leading producers. Japan has the presence of many other leading producers of steering systems, like NSK, and Mitsubishi Electric. Moreover, the increasing growth of automobile production has also been attributed to the growth of the market. The Asia Pacific market includes China, India, South Korea, and Japan.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- _x000D_
- The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029) _x000D_
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies _x000D_
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market _x000D_
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market _x000D_
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario _x000D_
Electric Power Steering Eps Sensor Market Segmentation
By Product Type
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Distribution Channel
- OEM
- Aftermarket
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The electric power steering (EPS) sensor market is projected to expand at a CAGR of 7.3% during the forecast period
Robert Bosch GmbH, HELLA GmbH & Co. KgaA, DENSO Corporation, Valeo, Continental AG, Infineon Technologies AG, Sensata Technologies, TT Electronics, NXP Semiconductors, Asahi Kasei Corporation
Asia Pacific is the fastest-growing region for electric power steering (EPS) sensor market
| 1. Executive Summary |
| 2. Global Electric Power Steering (EPS) Sensor Market Introduction |
| 2.1. Global Electric Power Steering (EPS) Sensor Market – Taxonomy |
| 2.2. Global Electric Power Steering (EPS) Sensor Market –Definitions |
| 2.2.1. By Type |
| 2.2.2. By Vehicle Type |
| 2.2.3. By Distribution Channel |
| 2.2.4. By Region |
| 3. Global Electric Power Steering (EPS) Sensor Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Electric Power Steering (EPS) Sensor Market Dynamic Factors - Impact Analysis |
| 3.6. Global Electric Power Steering (EPS) Sensor Market – Competition Landscape |
| 4. Global Electric Power Steering (EPS) Sensor Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 |
| 4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Electric Power Steering (EPS) Sensor Market, By Type, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1. Speed Sensor |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Steering Torque Sensor |
| 5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Steering Wheel Position Sensor |
| 5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Electric Power Steering (EPS) Sensor Market, By Vehicle Type, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.1. Passenger Vehicle |
| 6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Commercial Vehicle (LCV, HCV) |
| 6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Electric Power Steering (EPS) Sensor Market Forecast, By Application, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.1. OEM |
| 7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Aftermarket |
| 7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Electric Power Steering (EPS) Sensor Market Forecast, By Region, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Electric Power Steering (EPS) Sensor Market - Opportunity Analysis Index, By Type, By Vehicle Type, By Distribution Channel, and Region, 2022 - 2028 |
| 9. North America Electric Power Steering (EPS) Sensor Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 9.1. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Speed Sensor |
| 9.1.2. Steering Torque Sensor |
| 9.1.3. Steering Wheel Position Sensor |
| 9.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Passenger Vehicle |
| 9.2.2. Commercial Vehicle (LCV, HCV) |
| 9.3. Distribution Channel Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. OEM |
| 9.3.2. Aftermarket |
| 9.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Electric Power Steering (EPS) Sensor Market - Opportunity Analysis Index, By Type, By Vehicle Type, By Distribution Channel, and Country, 2022 - 2028 |
| 9.6. North America Electric Power Steering (EPS) Sensor Market Dynamics – Trends |
| 10. Europe Electric Power Steering (EPS) Sensor Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 10.1. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Speed Sensor |
| 10.1.2. Steering Torque Sensor |
| 10.1.3. Steering Wheel Position Sensor |
| 10.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Passenger Vehicle |
| 10.2.2. Commercial Vehicle (LCV, HCV) |
| 10.3. Distribution Channel Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. OEM |
| 10.3.2. Aftermarket |
| 10.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Electric Power Steering (EPS) Sensor Market - Opportunity Analysis Index, By Type, By Vehicle Type, By Distribution Channel, and Country, 2022 - 2028 |
| 10.6. Europe Electric Power Steering (EPS) Sensor Market Dynamics – Trends |
| 11. Asia-Pacific Electric Power Steering (EPS) Sensor Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 11.1. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Speed Sensor |
| 11.1.2. Steering Torque Sensor |
| 11.1.3. Steering Wheel Position Sensor |
| 11.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Passenger Vehicle |
| 11.2.2. Commercial Vehicle (LCV, HCV) |
| 11.3. Distribution Channel Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. OEM |
| 11.3.2. Aftermarket |
| 11.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Electric Power Steering (EPS) Sensor Market - Opportunity Analysis Index, By Type, By Vehicle Type, By Distribution Channel, and Country, 2022 - 2028 |
| 11.6. Asia-Pacific Electric Power Steering (EPS) Sensor Market Dynamics – Trends |
| 12. Latin America Electric Power Steering (EPS) Sensor Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 12.1. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Speed Sensor |
| 12.1.2. Steering Torque Sensor |
| 12.1.3. Steering Wheel Position Sensor |
| 12.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Passenger Vehicle |
| 12.2.2. Commercial Vehicle (LCV, HCV) |
| 12.3. Distribution Channel Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. OEM |
| 12.3.2. Aftermarket |
| 12.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Electric Power Steering (EPS) Sensor Market - Opportunity Analysis Index, By Type, By Vehicle Type, By Distribution Channel, and Country, 2022 - 2028 |
| 12.6. Latin America Electric Power Steering (EPS) Sensor Market Dynamics – Trends |
| 13. Middle East and Africa Electric Power Steering (EPS) Sensor Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 13.1. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Speed Sensor |
| 13.1.2. Steering Torque Sensor |
| 13.1.3. Steering Wheel Position Sensor |
| 13.2. Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Passenger Vehicle |
| 13.2.2. Commercial Vehicle (LCV, HCV) |
| 13.3. Distribution Channel Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. OEM |
| 13.3.2. Aftermarket |
| 13.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Electric Power Steering (EPS) Sensor Market - Opportunity Analysis Index, By Type, By Vehicle Type, By Distribution Channel, and Country, 2022 - 2028 |
| 13.6. MEA Electric Power Steering (EPS) Sensor Market Dynamics – Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Robert Bosch GmbH |
| 14.2.2. HELLA GmbH & Co. KgaA |
| 14.2.3. DENSO Corporation |
| 14.2.4. Valeo |
| 14.2.5. Continental AG |
| 14.2.6. Infineon Technologies AG |
| 14.2.7. Sensata Technologies |
| 14.2.8. TT Electronics |
| 14.2.9. NXP Semiconductors |
| 14.2.10. Asahi Kasei Corporation |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Robert Bosch GmbH
- HELLA GmbH & Co. KgaA
- DENSO Corporation
- Valeo
- Continental AG
- Infineon Technologies AG
- Sensata Technologies
- TT Electronics
- NXP Semiconductors
- Asahi Kasei Corporation