Europe Steering Torque Sensors Market was valued at USD 1.00 Billion in 2022 and is projected to reach USD 1.70 Billion by 2030, growing at a CAGR of 7.40% from 2024 to 2030.
The Europe Steering Torque Sensors Market is experiencing significant growth due to the rising demand for precision and reliability in automotive systems. These sensors are crucial for monitoring steering behavior, detecting changes in steering force, and ensuring better control and safety of vehicles. As automotive manufacturers focus on enhancing driver experience and vehicle performance, the demand for steering torque sensors is increasing across Europe.
In recent years, the automotive industry has been incorporating advanced technologies, such as electric power steering (EPS) and autonomous driving systems. These innovations have created a higher demand for steering torque sensors, which are vital for ensuring the proper functioning of these systems. These sensors help in monitoring torque forces applied on the steering wheel, which is essential for improving steering feel, handling, and overall vehicle dynamics.
Industries across Europe are adopting these sensors not only for passenger vehicles but also for commercial and electric vehicles. Electric vehicles, in particular, benefit from steering torque sensors due to their precise control over steering responses, which is vital for a smooth driving experience. Additionally, steering torque sensors are used in advanced driver assistance systems (ADAS) and autonomous vehicles, where accuracy in torque measurement plays a key role in the success of these technologies.
The market also witnesses a significant demand from other sectors like agricultural machinery and industrial vehicles, where precise control over steering systems is equally important. With the rise of automation and robotics, steering torque sensors are being integrated into various automated systems to provide real-time feedback and enhance operational efficiency.
The European market for steering torque sensors is expected to see steady growth due to the stringent safety regulations and the increasing adoption of electric and autonomous vehicles. The sensors are required to meet high-performance standards, which include accuracy, durability, and fast response times, making them critical in ensuring the safety and reliability of steering systems in modern vehicles.
In summary, the steering torque sensors market in Europe is driven by innovations in automotive technology, particularly electric and autonomous vehicles. Industries such as automotive, agricultural, and industrial machinery are all increasingly reliant on these sensors, making them a vital component in achieving better control, safety, and performance.
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FUTEK
HELLA
TT Electronics
Robert Bosch
TE Connectivity
Eltek Systems
Kistler
Sensodrive GmbH
Bourns
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Steering Torque Sensors Market
Capacitive Sensors
Resistive Sensors
Inductive Sensors
Optical Sensors
Analog Sensors
Digital Sensors
Smart Sensors
Passenger Vehicles
Commercial Vehicles
Automotive
Aerospace & Defense
Manufacturing
Marine
Low Range Sensors
Medium Range Sensors
High Range Sensors
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Steering Torque Sensors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Steering Torque Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Steering Torque Sensors Market, By Type
6. Europe Steering Torque Sensors Market, By Application
7. Europe Steering Torque Sensors Market, By Geography
Europe
Germany
UK
France
8. Europe Steering Torque Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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