Steering angle sensors are vital components in modern automotive systems, primarily used to measure the rotation of the steering wheel. These sensors provide real-time data to vehicle control systems, enabling the car to adjust its handling and stability. By precisely measuring the steering wheel’s angle, they play a crucial role in enhancing vehicle safety, improving power steering performance, and ensuring effective control during dynamic driving conditions.
The global steering angle sensors market has been expanding rapidly due to the increasing demand for advanced driver assistance systems (ADAS) and the rising adoption of electric vehicles (EVs). According to industry reports, the market is expected to grow at a CAGR of 6.5% from 2023 to 2030. This growth is driven by technological innovations, safety regulations, and consumer preferences for smarter, more efficient vehicles.
ADAS Adoption: Steering angle sensors are integral to ADAS, which includes features like lane-keeping assist, automatic parking, and stability control systems.
Electric Vehicle Expansion: As the electric vehicle market grows, the demand for these sensors is also increasing to meet the performance and safety standards required in EVs.
Regulatory Push: Government regulations mandating stricter vehicle safety standards, especially in regions like Europe and North America, are accelerating the adoption of steering angle sensors in new car models.
There are primarily two types of steering angle sensors: resistive and capacitive. Each type offers unique advantages in terms of accuracy, cost, and performance.
Resistive Sensors: These sensors use a resistive element that changes its resistance in response to the steering wheel’s rotation. They are commonly used in traditional vehicles due to their cost-effectiveness.
Capacitive Sensors: Known for providing higher precision, capacitive sensors are increasingly used in high-end vehicles and ADAS applications due to their ability to deliver more accurate steering data.
The steering angle sensors market is witnessing several innovations aimed at improving sensor accuracy, durability, and integration with other vehicle systems. Some of the latest trends include:
Integration with Autonomous Systems: As vehicles become more autonomous, steering angle sensors are evolving to integrate seamlessly with advanced navigation and control systems.
Miniaturization: Sensor manufacturers are focusing on reducing the size of these components without compromising performance, allowing for more compact, efficient sensor designs.
Wireless Sensors: The shift towards wireless sensors, which reduce the complexity of wiring and enhance vehicle design, is also gaining momentum in the market.
The steering angle sensors market is expanding globally, but some regions are leading the way:
North America: The U.S. and Canada are prominent markets, driven by high demand for ADAS features and strong automotive manufacturing bases.
Europe: The European market is growing due to stringent vehicle safety regulations and the rise of electric and hybrid vehicles.
Asia-Pacific: With countries like China, Japan, and South Korea becoming major automotive manufacturing hubs, the Asia-Pacific region is expected to dominate the steering angle sensors market in the coming years.
Despite the market's growth, there are several challenges that need to be addressed:
High Manufacturing Costs: Advanced steering angle sensors, particularly capacitive sensors, can be expensive to manufacture, limiting their adoption in budget vehicles.
Technological Complexity: The integration of steering angle sensors with other vehicle systems requires advanced technology and can complicate manufacturing processes.
Download Full PDF Sample Copy of Steering Angle Sensors Market Report @ https://www.verifiedmarketreports.com/download-sample/?rid=275878&utm_source=SG&utm_medium=311
What are the Type driving the growth of the Steering Angle Sensors Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Steering Angle Sensors Market:
Digital Sensors, Analog Sensors
What are the Applications of Steering Angle Sensors Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Steering Angle Sensors Market share In 2024.
Passenger Car, Commercial Vehicle
Who is the largest Manufacturers of Steering Angle Sensors Market worldwide?
Bosch, Delphi, Bourns, Standard Motor Products, Hamamatsu, Danfoss, Kyowa
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=275878&utm_source=SG&utm_medium=311
Which regions are leading the Steering Angle Sensors Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
A steering angle sensor is a device that measures the steering angle and rate of turn of a vehicle's wheels.
According to our latest research, the steering angle sensors market is estimated to be worth $X billion in 2021.
The increasing demand for advanced driver assistance systems (ADAS) and the rising adoption of electric vehicles are the key drivers of the steering angle sensors market.
The steering angle sensors market includes rotary position sensors, optical sensors, and MEMS sensors.
Steering angle sensors are primarily used in passenger cars, commercial vehicles, and off-highway vehicles.
Some of the key players in the steering angle sensors market include Bosch, Continental AG, ZF Friedrichshafen, Denso Corporation, and Delphi Automotive PLC.
The Asia-Pacific region is expected to witness significant growth in the steering angle sensors market due to the increasing production and sales of automobiles in the region.
Technological advancements in the steering angle sensors market include the development of advanced sensor fusion algorithms and the integration of sensors with electronic stability control systems.
The complexity of integrating steering angle sensors with other vehicle systems and the high cost of advanced sensors are the key challenges faced by the steering angle sensors market.
The growing demand for autonomous vehicles and the increasing focus on vehicle safety and stability present significant opportunities for growth in the steering angle sensors market.
According to our research, rotary position sensors hold the largest market share in the steering angle sensors market, followed by optical sensors and MEMS sensors.
The integration of steering angle sensors with advanced driver assistance systems, the development of non-contact angle sensors, and the increasing adoption of electric power steering systems are the key trends shaping the steering angle sensors market.
Our projections indicate that the steering angle sensors market is expected to grow at a CAGR of X% from 2021 to 2026.
Steering angle sensors are subject to regulatory requirements related to vehicle safety standards and emission regulations in different regions.
The COVID-19 pandemic has led to a temporary slowdown in the production and sales of automobiles, which has impacted the demand for steering angle sensors. However, the market is expected to recover as the automotive industry rebounds.
A steering angle sensor system typically consists of sensors, electronic control units, wiring harnesses, and connectors.
The cost factors influencing the steering angle sensors market include the cost of sensor components, manufacturing processes, and research and development activities.
Emerging applications of steering angle sensors include their use in autonomous vehicles, electric power steering systems, and vehicle stability control systems.
Key competitive strategies include product differentiation, partnerships and collaborations, mergers and acquisitions, and investment in research and development.
The future prospects of the steering angle sensors market are promising, with the increasing focus on vehicle safety, the growing adoption of electric vehicles, and the development of advanced driver assistance systems driving market growth.
1. Introduction of the Steering Angle 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. Steering Angle Sensors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Steering Angle Sensors Market, By Product
6. Steering Angle Sensors Market, By Application
7. Steering Angle Sensors Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Steering Angle Sensors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/steering-angle-sensors-market/
About Us: Verified Market Reports
Verified Market Reports is a premier Global Research and Consulting firm serving a diverse clientele of over 5000+ global customers. We specialize in delivering cutting-edge analytical research solutions and comprehensive information-enriched research studies.
Our expertise encompasses strategic and growth analyses, providing the crucial data and insights required to make informed corporate decisions and achieve key revenue goals.
With a dedicated team of 250 Analysts and Subject Matter Experts, we excel in data collection and governance, utilizing advanced industrial techniques to gather and analyze data across more than 25,000 high-impact and niche markets. Our analysts are adept at integrating modern data collection methods with superior research methodologies, ensuring the production of precise and insightful research based on years of collective experience and specialized knowledge.
Contact us:
Mr. Edwyne Fernandes
US: +1(302) 551-2611