Electric Power Steering (EPS) Sensor Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Electric Power Steering (EPS) Sensor Market: By Product Type (Speed Sensor, Steering Torque Sensor, and Steering Wheel Position Sensor) Vehicle Type (Passenger Vehicle and Commercial Vehicle) Distribution Channel (OEM and Aftermarket) by Geography

 

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Report

Description

Electric Power Steering (EPS) Sensor Market size is 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

MARKET SUMMARY
-
7.3%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 7.3%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Electric Power Steering (EPS) Sensor Market

  • The electric power steering (EPS) sensor market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The electric power steering (EPS) sensor market is segmented based on product type, vehicle type, distribution channel, and geography
Key Players
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KgaA
  • DENSO Corporation
  • Valeo
  • Continental AG
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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Electric Power Steering (EPS) Sensor Market Segmentation


Location

GEOGRAPHY

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


Report

Table Of Content

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

 


Report

Company Profile

  • Robert Bosch GmbH
  • HELLA GmbH & Co. KgaA
  • DENSO Corporation
  • Valeo
  • Continental AG
  • Infineon Technologies AG
  • Sensata Technologies
  • TT Electronics
  • NXP Semiconductors
  • Asahi Kasei Corporation

Description

Electric Power Steering (EPS) Sensor Market size is 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).

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