| Product Code: ETC13185968 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Automotive Steering Sensor Market was valued at USD 2.2 Billion in 2024 and is expected to reach USD 3.1 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Automotive Steering Sensor Market is witnessing steady growth driven by technological advancements in the automotive industry. Steering sensors play a crucial role in ensuring vehicle safety and performance by providing real-time data on steering wheel position and driver inputs. Factors such as the increasing demand for advanced driver assistance systems (ADAS), rising focus on vehicle safety, and the growing production of electric vehicles are fueling market growth. Additionally, the integration of sensors with steering systems to enable autonomous driving capabilities is further driving the market expansion. Key players in the market are focusing on developing innovative sensor technologies to enhance accuracy, reliability, and efficiency in steering systems. The Asia-Pacific region is expected to dominate the market due to the presence of major automotive manufacturers and increasing adoption of advanced technologies in vehicles.
The Global Automotive Steering Sensor Market is experiencing significant growth due to the increasing demand for advanced driver assistance systems (ADAS) in vehicles. The integration of steering sensors in modern vehicles enables features such as lane-keeping assistance, adaptive cruise control, and autonomous driving capabilities, driving market expansion. The shift towards electric vehicles and the development of steer-by-wire technology are also creating opportunities for steering sensor manufacturers to innovate and offer more efficient and reliable products. Additionally, the rising focus on vehicle safety and regulations mandating the incorporation of safety systems in automobiles are further fueling market growth. Overall, the automotive steering sensor market is poised for continued expansion as automakers prioritize safety and convenience features in their vehicles.
The Global Automotive Steering Sensor Market faces several challenges, such as rapid advancements in autonomous driving technology, which require more sophisticated steering sensor systems to enhance safety and performance. Additionally, the increasing complexity of modern vehicles and the need for accurate and reliable steering data pose challenges for steering sensor manufacturers to meet these requirements. Moreover, integrating steering sensors with other vehicle systems and ensuring compatibility with various automotive platforms further complicates the market landscape. Furthermore, cost pressures, stringent regulatory standards, and the need for continuous innovation to stay competitive in the market present additional hurdles for stakeholders operating in the Global Automotive Steering Sensor Market.
The Global Automotive Steering Sensor Market is primarily driven by the increasing focus on vehicle safety and advanced driver assistance systems (ADAS) in the automotive industry. The growing demand for electric vehicles (EVs) and autonomous vehicles is also a significant factor propelling the market growth. Additionally, regulatory mandates for the integration of safety technologies in vehicles, such as electronic stability control (ESC) systems, are driving the adoption of steering sensors. The advancements in sensor technologies, including the development of reliable and accurate sensors for steering systems, are further contributing to the market expansion. Moreover, the rising consumer preference for comfort, convenience, and enhanced driving experience is fueling the demand for steering sensors that enable features like adaptive cruise control and lane-keeping assist systems.
Government policies related to the Global Automotive Steering Sensor Market primarily focus on enhancing vehicle safety and promoting the adoption of advanced driver assistance systems (ADAS). Regulations such as the New Car Assessment Programs (NCAP) and mandates for electronic stability control systems drive the demand for steering sensors to enable functionalities like lane-keeping assist and autonomous emergency braking. Additionally, emissions regulations and fuel efficiency standards influence the development of electric power steering systems, creating opportunities for sensor technologies that improve energy efficiency. Governments also emphasize cybersecurity standards to safeguard connected vehicles, impacting the integration of sensors for data collection and analysis. Overall, regulatory initiatives aim to enhance road safety, reduce environmental impact, and promote technological innovation within the automotive steering sensor market.
The Global Automotive Steering Sensor Market is expected to witness significant growth in the coming years due to the increasing adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles. Steering sensors play a crucial role in enhancing vehicle safety and performance by providing real-time data on steering inputs and driver behavior. The growing focus on vehicle electrification and the development of self-driving technologies are driving the demand for steering sensors. Additionally, stringent safety regulations and a rising emphasis on reducing road accidents are further propelling market growth. As automotive manufacturers continue to prioritize innovation and technology integration in vehicles, the automotive steering sensor market is likely to experience steady expansion, offering opportunities for key players in the industry to develop cutting-edge solutions to meet the evolving needs of the automotive sector.
In the Global Automotive Steering Sensor Market, Asia Pacific is expected to witness significant growth due to the increasing automotive production and sales in countries like China and India. North America is projected to remain a key market driven by technological advancements and the presence of major automotive manufacturers. Europe is anticipated to show steady growth owing to the stringent safety regulations and focus on developing advanced driver assistance systems. The Middle East and Africa region is likely to witness moderate growth due to the rising demand for commercial vehicles. Latin America is expected to experience steady growth supported by the expanding automotive industry and increasing investments in automotive technology. Overall, the global automotive steering sensor market is set to see growth opportunities across all regions driven by advancements in automotive technology and safety regulations.
Global Automotive Steering Sensor Market |
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 Global Automotive Steering Sensor Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Automotive Steering Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Global Automotive Steering Sensor Market - Industry Life Cycle |
3.4 Global Automotive Steering Sensor Market - Porter's Five Forces |
3.5 Global Automotive Steering Sensor Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Automotive Steering Sensor Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
3.7 Global Automotive Steering Sensor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Global Automotive Steering Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Automotive Steering Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Automotive Steering Sensor Market Trends |
6 Global Automotive Steering Sensor Market, 2021 - 2031 |
6.1 Global Automotive Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Automotive Steering Sensor Market, Revenues & Volume, By Health Monitoring Systems, 2021 - 2031 |
6.1.3 Global Automotive Steering Sensor Market, Revenues & Volume, By Torque Sensors, 2021 - 2031 |
6.1.4 Global Automotive Steering Sensor Market, Revenues & Volume, By Intelligent Multi-functional Sensor Systems, 2021 - 2031 |
6.1.5 Global Automotive Steering Sensor Market, Revenues & Volume, By Position Sensors/Angle Sensors, 2021 - 2031 |
6.1.6 Global Automotive Steering Sensor Market, Revenues & Volume, By Other Sensor Types, 2021 - 2031 |
6.2 Global Automotive Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Automotive Steering Sensor Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.2.3 Global Automotive Steering Sensor Market, Revenues & Volume, By Light Commercial Vehicles, 2021 - 2031 |
6.2.4 Global Automotive Steering Sensor Market, Revenues & Volume, By Heavy Commercial Vehicles, 2021 - 2031 |
6.3 Global Automotive Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Automotive Steering Sensor Market, Revenues & Volume, By Contacting, 2021 - 2031 |
6.3.3 Global Automotive Steering Sensor Market, Revenues & Volume, By Magnetic, 2021 - 2031 |
7 North America Automotive Steering Sensor Market, Overview & Analysis |
7.1 North America Automotive Steering Sensor Market Revenues & Volume, 2021 - 2031 |
7.2 North America Automotive Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Automotive Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
7.4 North America Automotive Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.5 North America Automotive Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Automotive Steering Sensor Market, Overview & Analysis |
8.1 Latin America (LATAM) Automotive Steering Sensor Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Automotive Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Automotive Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
8.4 Latin America (LATAM) Automotive Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.5 Latin America (LATAM) Automotive Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Automotive Steering Sensor Market, Overview & Analysis |
9.1 Asia Automotive Steering Sensor Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Automotive Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Automotive Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
9.4 Asia Automotive Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.5 Asia Automotive Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Automotive Steering Sensor Market, Overview & Analysis |
10.1 Africa Automotive Steering Sensor Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Automotive Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Automotive Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
10.4 Africa Automotive Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.5 Africa Automotive Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Automotive Steering Sensor Market, Overview & Analysis |
11.1 Europe Automotive Steering Sensor Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Automotive Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Automotive Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
11.4 Europe Automotive Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.5 Europe Automotive Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Automotive Steering Sensor Market, Overview & Analysis |
12.1 Middle East Automotive Steering Sensor Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Automotive Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Automotive Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Automotive Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
12.4 Middle East Automotive Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.5 Middle East Automotive Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Automotive Steering Sensor Market Key Performance Indicators |
14 Global Automotive Steering Sensor Market - Export/Import By Countries Assessment |
15 Global Automotive Steering Sensor Market - Opportunity Assessment |
15.1 Global Automotive Steering Sensor Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Automotive Steering Sensor Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
15.3 Global Automotive Steering Sensor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.4 Global Automotive Steering Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Automotive Steering Sensor Market - Competitive Landscape |
16.1 Global Automotive Steering Sensor Market Revenue Share, By Companies, 2024 |
16.2 Global Automotive Steering Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 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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