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Global Automotive Steering Torque Sensor Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2025-2034

Global Automotive Steering Torque Sensor Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2025-2034

Published Date: May, 2025
Base Year: 2024
Delivery Format: PDF+Excel, PPT
Historical Year: 2018-2023
No of Pages: 263
Forecast Year: 2025-2034
SKU 2684ba88f539 Category

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The global automotive steering torque sensor market has witnessed significant growth in recent years, driven by advancements in automotive technology and increasing demand for safety features in vehicles. A steering torque sensor is a crucial component that measures the torque applied to the steering wheel, providing valuable data for various vehicle control systems. This market analysis delves into the key insights, market drivers, restraints, opportunities, and dynamics that shape the global automotive steering torque sensor market.

An automotive steering torque sensor is a device that measures the torque or force applied to the steering wheel. It converts this mechanical input into an electrical signal, which is then used by various vehicle control systems for functions such as power steering, stability control, and advanced driver assistance systems (ADAS). By accurately detecting the driver’s steering input, the torque sensor enhances vehicle safety, performance, and comfort.

Executive Summary

The Global Automotive Steering Torque Sensor Market is projected to grow significantly, reaching USD 9.5 billion by 2030, with a CAGR of 7.6% from 2024 to 2030. The market is primarily driven by the increasing adoption of electric power steering (EPS) systems, the growing demand for advanced driver-assistance systems (ADAS), and the rising focus on vehicle safety features. As automakers continue to prioritize fuel efficiency, safety, and driving comfort, the integration of steering torque sensors into modern vehicles has become a key trend. The Asia-Pacific region, particularly China and India, is expected to see the highest growth rate, owing to the expanding automotive industry and increased adoption of electric vehicles (EVs).

The executive summary provides a concise overview of the global automotive steering torque sensor market, highlighting the key points discussed in this analysis. It outlines the market’s growth trajectory, significant trends, and important findings.

Global Automotive Steering Torque Sensor Market Key Players

Important Note: The companies listed in the image above are for reference only. The final study will cover 18โ€“20 key players in this market, and the list can be adjusted based on our clientโ€™s requirements.

Key Market Insights

  • Electric Power Steering (EPS) Systems: The growing adoption of EPS systems, which rely on steering torque sensors for accurate feedback and control, is one of the key drivers of market growth.

  • Advanced Driver-Assistance Systems (ADAS): The increasing integration of ADAS technologies, including lane-keeping assist, automatic emergency braking, and adaptive cruise control, is driving demand for steering torque sensors.

  • Electric Vehicle Growth: With the rise in electric vehicle adoption, the demand for electric power steering systems that rely on steering torque sensors is also increasing.

  • Integration with Autonomous Vehicles: The shift towards autonomous driving technologies is expected to significantly boost the demand for steering torque sensors as they play a critical role in vehicle control and safety.

Market Drivers

  1. Adoption of Electric Power Steering (EPS): Electric power steering (EPS) systems, which require steering torque sensors for precise feedback, are replacing traditional hydraulic power steering systems due to their improved fuel efficiency, performance, and lighter weight. The growing demand for EPS systems is a major driver of the market.

  2. Advancements in ADAS and Autonomous Driving: As more vehicles are equipped with advanced driver-assistance systems (ADAS) and move toward semi-autonomous and autonomous driving, steering torque sensors become essential for ensuring vehicle stability and safety.

  3. Rising Demand for Vehicle Safety: Consumersโ€™ increasing focus on vehicle safety features, such as lane departure warning systems and automatic steering adjustments, is driving the need for reliable and accurate steering torque sensors.

  4. Increased Focus on Fuel Efficiency: As automakers strive to improve fuel efficiency, EPS systems that integrate steering torque sensors offer significant weight and energy-saving benefits over traditional hydraulic systems.

Market Restraints

  1. High Cost of EPS Systems: The cost of implementing electric power steering (EPS) systems, which depend on steering torque sensors, is relatively high compared to traditional hydraulic systems, potentially limiting adoption in budget and mid-range vehicle segments.

  2. Complexity of Integration: Integrating steering torque sensors into vehicles, particularly in advanced systems such as ADAS and autonomous vehicles, can be complex and require substantial investment in R&D and infrastructure.

  3. Limited Availability of Raw Materials: The supply of critical materials required for the production of sensors, such as semiconductors, can face challenges, impacting production costs and availability.

Market Opportunities

  1. Electric Vehicle (EV) Adoption: As the automotive industry shifts toward electric vehicles, which require electric power steering (EPS) systems, the demand for steering torque sensors will increase. EVs often use more advanced steering systems, providing a growing market for torque sensors.

  2. Growth in Emerging Markets: The automotive industries in emerging markets such as China, India, and Brazil are growing rapidly, offering significant opportunities for the adoption of advanced vehicle technologies like EPS and ADAS, driving demand for steering torque sensors.

  3. Technological Advancements: Advancements in sensor technologies, such as the development of more compact, accurate, and cost-effective steering torque sensors, create opportunities for market growth, particularly in the development of autonomous vehicles.

  4. Integration with ADAS in Low-Cost Vehicles: The integration of steering torque sensors with advanced safety systems in lower-cost vehicles presents an opportunity to expand the market reach beyond high-end models.

Global Automotive Steering Torque Sensor Market Segmentation

Market Dynamics

The Global Automotive Steering Torque Sensor Market is influenced by several key dynamics:

  1. Technological Advancements: Innovations in sensor technology, including improvements in accuracy, durability, and integration with other vehicle systems, are enhancing the performance and demand for steering torque sensors.

  2. Regulatory Push for Safety: Regulatory bodies worldwide are mandating advanced safety systems, such as ADAS, in new vehicles. This drives the adoption of technologies like steering torque sensors to comply with safety standards.

  3. Growth of Autonomous Vehicles: The growth of autonomous vehicle technology, which requires precise control and feedback, is driving the demand for steering torque sensors as a key component in vehicle control systems.

  4. Shift Toward Electric Vehicles (EVs): As the global market shifts toward electric vehicles, EPS systems that rely on steering torque sensors are becoming increasingly popular, creating new growth opportunities in the market.

Regional Analysis

  1. North America: North America is a key market for automotive steering torque sensors, driven by strong demand for advanced safety features, the adoption of electric power steering (EPS), and the growth of electric vehicles in the region. The United States and Canada are major consumers of these components due to their well-established automotive industry and technological advancements.

  2. Europe: Europe is home to several leading automotive manufacturers, and the region is witnessing increasing adoption of ADAS and EPS systems. Regulatory push for safety features and the rise of electric vehicles are fueling the demand for steering torque sensors in this region.

  3. Asia-Pacific: The Asia-Pacific region is expected to experience the highest growth rate, driven by the expanding automotive industry in countries like China, Japan, and India. The growing production of electric vehicles and the adoption of advanced safety features in vehicles are major drivers for this market.

  4. Latin America: In Latin America, the growing demand for advanced vehicle technologies in countries like Brazil and Mexico is contributing to the growth of the steering torque sensor market. Rising vehicle production and adoption of safety technologies are key drivers in the region.

  5. Middle East & Africa: The Middle East and Africa are witnessing growth in automotive technologies, with increasing demand for high-performance vehicles and a focus on improving vehicle safety standards, contributing to the growth of the steering torque sensor market.

Competitive Landscape

Leading companies in the Global Automotive Steering Torque Sensor Market:

  1. Bosch Automotive Steering GmbH
  2. Kistler Group
  3. TE Connectivity Ltd.
  4. Denso Corporation
  5. Continental AG
  6. MTS Systems Corporation
  7. Nexteer Automotive
  8. Stoneridge, Inc.
  9. ABB Ltd.
  10. Robert Bosch GmbH

Please note: This is a preliminary list; the final study will feature 18โ€“20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The Automotive Steering Torque Sensor Market can be segmented based on the following:

  1. By Type:

    • Contact Type Torque Sensors

    • Non-contact Type Torque Sensors

  2. By Vehicle Type:

  3. By Application:

    • Electric Power Steering (EPS) Systems

    • Advanced Driver Assistance Systems (ADAS)

    • Autonomous Vehicles

Category-wise Insights

  • Electric Power Steering Systems: EPS systems are the largest application for steering torque sensors, driven by the shift towards electric steering systems in modern vehicles due to their energy efficiency, performance, and ease of integration with ADAS.

  • ADAS and Autonomous Vehicles: Steering torque sensors are critical in ADAS technologies and autonomous driving systems, which require precise control and feedback to ensure vehicle stability and safety.

Key Benefits for Industry Participants and Stakeholders

  • Enhanced Vehicle Safety: Steering torque sensors play a critical role in ensuring vehicle stability, helping to prevent accidents by providing real-time feedback for systems like lane-keeping assist and automatic steering.

  • Fuel Efficiency and Performance: EPS systems equipped with steering torque sensors provide more responsive steering, leading to improved vehicle handling, fuel efficiency, and driving comfort.

  • Compliance with Regulatory Standards: As regulations around vehicle safety become stricter, steering torque sensors are integral in helping automakers meet compliance requirements for advanced safety features.

SWOT Analysis

Strengths:

  • High demand for EPS and ADAS integration.

  • Technological advancements improving performance and accuracy.

Weaknesses:

  • High initial costs of implementing EPS systems.

  • Complexity of integration in some vehicle models.

Opportunities:

  • Growth in electric and autonomous vehicle markets.

  • Adoption of advanced safety features in low-cost vehicles.

Threats:

  • Competition from alternative steering technologies.

  • Volatility in raw material prices affecting sensor production costs.

Market Key Trends

  • 5G Integration: The rise of 5G technology is expected to enhance the functionality of ADAS and autonomous vehicles, increasing the demand for precise and real-time steering control, thereby boosting the need for steering torque sensors.

  • Electric Vehicle Expansion: The increasing popularity of electric vehicles (EVs) and the need for efficient and reliable EPS systems will continue to drive the market for steering torque sensors.

Covid-19 Impact

The Covid-19 impact section evaluates the influence of the ongoing pandemic on the global automotive steering torque sensor market. It analyzes the disruptions, supply chain challenges, and changes in consumer behavior caused by the pandemic, along with the market’s recovery trajectory.

The COVID-19 pandemic temporarily slowed vehicle production and demand in 2020 but highlighted the importance of digital transformation and automation in the automotive industry. As the automotive sector recovers, the demand for high-performance sensors like steering torque sensors is expected to grow, particularly with the shift towards electric and autonomous vehicles.

Key Industry Developments

  • Technological Innovations: Key players are focusing on developing more accurate and reliable steering torque sensors that can withstand harsh driving conditions and provide real-time feedback to autonomous systems.

  • Strategic Partnerships: Collaborations between sensor manufacturers and automotive OEMs are enhancing the integration of steering torque sensors in modern vehicle systems.

Analyst Suggestions

  • Focus on EV and Autonomous Market: Companies should prioritize developing steering torque sensors tailored for electric vehicles and autonomous driving systems.

  • Invest in Smart Sensor Technology: Companies should invest in smart steering torque sensors that offer more precise control and integration with ADAS technologies.

Future Outlook

The future outlook section presents a comprehensive outlook for the global automotive steering torque sensor market. It discusses the anticipated market trends, growth opportunities, and challenges that will shape the market in the coming years. The future outlook provides valuable insights for market players to formulate long-term business strategies.

Conclusion

In conclusion, the global automotive steering torque sensor market is witnessing substantial growth due to the increasing focus on vehicle safety, advancements in sensor technology, and the rising adoption of electric power steering systems. However, challenges such as high costs and technical complexities need to be addressed. By capitalizing on emerging opportunities and leveraging innovative technologies, industry participants can position themselves for success in this dynamic and evolving market.

What is the Global Automotive Steering Torque Sensor?

The Global Automotive Steering Torque Sensor is a device that measures the torque applied to the steering wheel, providing critical data for vehicle stability and control systems. It plays a vital role in enhancing safety and performance in modern vehicles.

Which companies are leading in the Global Automotive Steering Torque Sensor market?

Leading companies in the Global Automotive Steering Torque Sensor market include Bosch, Honeywell, and Continental, among others. These companies are known for their innovative technologies and contributions to automotive safety systems.

What are the key drivers of growth in the Global Automotive Steering Torque Sensor market?

Key drivers of growth in the Global Automotive Steering Torque Sensor market include the increasing demand for advanced driver-assistance systems (ADAS), the rise in vehicle electrification, and the growing focus on vehicle safety and performance enhancements.

What challenges does the Global Automotive Steering Torque Sensor market face?

The Global Automotive Steering Torque Sensor market faces challenges such as high manufacturing costs, the complexity of sensor integration in existing vehicle architectures, and the need for continuous innovation to keep up with evolving automotive technologies.

What opportunities exist in the Global Automotive Steering Torque Sensor market?

Opportunities in the Global Automotive Steering Torque Sensor market include the expansion of electric and autonomous vehicles, advancements in sensor technology, and the increasing adoption of smart vehicle systems that require precise torque measurements.

What trends are shaping the Global Automotive Steering Torque Sensor market?

Trends shaping the Global Automotive Steering Torque Sensor market include the integration of IoT technologies for real-time data analysis, the development of miniaturized sensors for better performance, and a growing emphasis on sustainability in automotive manufacturing processes.

Global Automotive Steering Torque Sensor Market

Segmentation Details Description
By Type Contact-Based, Contactless
By Vehicle Type Passenger Cars, Commercial Vehicles, Others
By Sales Channel OEMs, Aftermarket
By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Please note: The segmentation can be entirely customized to align with our client’s needs.

Leading companies in the Global Automotive Steering Torque Sensor Market:

  1. Bosch Automotive Steering GmbH
  2. Kistler Group
  3. TE Connectivity Ltd.
  4. Denso Corporation
  5. Continental AG
  6. MTS Systems Corporation
  7. Nexteer Automotive
  8. Stoneridge, Inc.
  9. ABB Ltd.
  10. Robert Bosch GmbH

Please note: This is a preliminary list; the final study will feature 18โ€“20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

What This Study Covers

  • โœ” Which are the key companies currently operating in the market?
  • โœ” Which company currently holds the largest share of the market?
  • โœ” What are the major factors driving market growth?
  • โœ” What challenges and restraints are limiting the market?
  • โœ” What opportunities are available for existing players and new entrants?
  • โœ” What are the latest trends and innovations shaping the market?
  • โœ” What is the current market size and what are the projected growth rates?
  • โœ” How is the market segmented, and what are the growth prospects of each segment?
  • โœ” Which regions are leading the market, and which are expected to grow fastest?
  • โœ” What is the forecast outlook of the market over the next few years?
  • โœ” How is customer demand evolving within the market?
  • โœ” What role do technological advancements and product innovations play in this industry?
  • โœ” What strategic initiatives are key players adopting to stay competitive?
  • โœ” How has the competitive landscape evolved in recent years?
  • โœ” What are the critical success factors for companies to sustain in this market?

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