Market Size of Europe Automotive Steering Sensor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Automotive Steering Sensor Market Analysis
The Europe Automotive Electric Power Steering Sensor Market is projected to grow with a CAGR of more than 8% during the forecast period.
- Rising concerns about passenger safety have pushed 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.
- The main task of the steering sensors is to monitor the two key driver inputs that are the steering wheel angle and the amount of effort applied to turn the wheel. After processing these input signals, motor electronics then generate a responsive output that provides responsive assisted steering.
- One of the major sensor types, position sensors have various other applications apart from steering such as it is used in brake pedal position sensing, clutch pedal position sensing, accelerator pedal position sensing, seat and headrest position sensing, electric roof position sensing, sunroof position sensing, windscreen wiper position sensing, crash sensing, valve position sensing, gear shift position sensing, headlight position sensing, manifold flap position sensing, and seat position sensing.
Europe Automotive Steering Sensor Industry Segmentation
The European automotive electric power steering sensor market covers the latest trends and technological development and market demand by vehicle type, sensor type, technology type, country, and market share of major automotive power steering sensor manufacturing companies across Europe.
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Sensor Type | |
| Health Monitoring Systems | |
| Torque and Angle Sensors | |
| Position Sensors | |
| Others |
| By Technology Type | |
| Contacting | |
| Magnetic |
| By Country | |
| Germany | |
| United Kingdom | |
| Italy | |
| France | |
| Spain | |
| Norway | |
| The Netherlands | |
| Rest of Europe |
Europe Automotive Steering Sensor Market Size Summary
The European automotive steering sensor market is experiencing significant growth, driven by increasing concerns over passenger safety and the demand for advanced driver assistance systems. The integration of electric power steering (EPS) systems, which rely heavily on steering sensors, is becoming more prevalent as these sensors enhance vehicle safety by monitoring key driver inputs such as steering wheel angle and effort. This technological evolution includes the development of digital steering position sensors using LED light technology, which offers precise measurements and responsive steering assistance. Companies like Hella and Infineon Technologies are at the forefront of these advancements, introducing innovative sensor technologies that meet high safety standards and offer multifunctional applications beyond steering, such as in brake and pedal position sensing.
The market landscape in Europe is moderately fragmented, with major players like Robert Bosch GmbH, Continental AG, and TE Connectivity leading the charge in research and development to create cutting-edge products. Spain, a significant player in the European automotive sector, is witnessing growth in its steering sensor market, bolstered by government relief packages and advancements in nano and micro technologies. The country's automotive industry, which faces challenges due to the COVID-19 pandemic, is supported by initiatives aimed at revitalizing production and encouraging new car purchases. Collaborative efforts, such as the partnership between NSK Ltd. and Volkswagen AG, highlight the industry's focus on innovation and strategic alliances to enhance electric power steering systems and maintain a competitive edge in the market.
Europe Automotive Steering Sensor Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 By Sensor Type
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2.2.1 Health Monitoring Systems
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2.2.2 Torque and Angle Sensors
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2.2.3 Position Sensors
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2.2.4 Others
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2.3 By Technology Type
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2.3.1 Contacting
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2.3.2 Magnetic
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2.4 By Country
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 Italy
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2.4.4 France
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2.4.5 Spain
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2.4.6 Norway
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2.4.7 The Netherlands
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2.4.8 Rest of Europe
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Europe Automotive Steering Sensor Market Size FAQs
What is the current Europe Automotive Steering Sensor Market size?
The Europe Automotive Steering Sensor Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Europe Automotive Steering Sensor Market?
Robert Bosch GmbH, Continental AG, DENSO Corporation, Valeo SA and HELLA GmbH & Co. KgaA are the major companies operating in the Europe Automotive Steering Sensor Market.
