| Product Code: ETC6358191 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium continues to see significant imports of microcontrollers for electronic power steering, with top exporters being the Netherlands, Germany, Japan, Taiwan, Province of China, and China. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a notable decline with a Compound Annual Growth Rate (CAGR) of -21.9% from 2020 to 2024. The growth rate in 2024 further decreased by -28.37% compared to the previous year, indicating a challenging landscape for this product category in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Microcontroller For Electronic Power Steering Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Microcontroller For Electronic Power Steering Market - Industry Life Cycle |
3.4 Belgium Microcontroller For Electronic Power Steering Market - Porter's Five Forces |
3.5 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Belgium Microcontroller For Electronic Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic power steering systems in automobiles |
4.2.2 Technological advancements in microcontrollers leading to improved performance and efficiency |
4.2.3 Growing focus on vehicle safety and comfort features driving the adoption of electronic power steering systems |
4.3 Market Restraints |
4.3.1 High initial costs associated with implementing electronic power steering systems |
4.3.2 Complexity in integrating microcontrollers into existing electronic power steering systems |
4.3.3 Regulatory challenges and standards affecting the adoption of electronic power steering systems |
5 Belgium Microcontroller For Electronic Power Steering Market Trends |
6 Belgium Microcontroller For Electronic Power Steering Market, By Types |
6.1 Belgium Microcontroller For Electronic Power Steering Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Microcontroller Unit, 2021- 2031F |
6.1.4 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Power Management Integrated Circuit, 2021- 2031F |
6.1.5 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Sensors, 2021- 2031F |
6.2 Belgium Microcontroller For Electronic Power Steering Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.2.3 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.3 Belgium Microcontroller For Electronic Power Steering Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By CAN Bus, 2021- 2031F |
6.3.3 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By LIN Bus, 2021- 2031F |
6.4 Belgium Microcontroller For Electronic Power Steering Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Conventional EPS, 2021- 2031F |
6.4.3 Belgium Microcontroller For Electronic Power Steering Market Revenues & Volume, By Electric EPS, 2021- 2031F |
7 Belgium Microcontroller For Electronic Power Steering Market Import-Export Trade Statistics |
7.1 Belgium Microcontroller For Electronic Power Steering Market Export to Major Countries |
7.2 Belgium Microcontroller For Electronic Power Steering Market Imports from Major Countries |
8 Belgium Microcontroller For Electronic Power Steering Market Key Performance Indicators |
8.1 Average response time of microcontrollers in electronic power steering systems |
8.2 Percentage of vehicles equipped with electronic power steering systems in Belgium |
8.3 Number of patents filed for microcontroller technology in electronic power steering systems |
9 Belgium Microcontroller For Electronic Power Steering Market - Opportunity Assessment |
9.1 Belgium Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Belgium Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Belgium Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Belgium Microcontroller For Electronic Power Steering Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Belgium Microcontroller For Electronic Power Steering Market - Competitive Landscape |
10.1 Belgium Microcontroller For Electronic Power Steering Market Revenue Share, By Companies, 2024 |
10.2 Belgium Microcontroller For Electronic Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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