| Product Code: ETC13307272 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Electric Power Steering Sensor Market was valued at USD 1.9 Billion in 2024 and is expected to reach USD 3.1 Billion by 2031, growing at a compound annual growth rate of 10.67% during the forecast period (2025-2031).
The Global Electric Power Steering Sensor Market is witnessing significant growth driven by the increasing adoption of electric power steering systems in modern vehicles. These sensors play a crucial role in detecting the driver`s steering input and transmitting it to the steering control module for enhanced vehicle maneuverability and safety. The market is also benefiting from the rising demand for fuel-efficient and lightweight steering systems, as electric power steering sensors offer better efficiency compared to traditional hydraulic systems. Additionally, advancements in sensor technology, such as the integration of sensors with advanced driver-assistance systems (ADAS), are further fueling market growth. Key players in the Global Electric Power Steering Sensor Market include Continental AG, Bosch, and Delphi Automotive, among others, who are focusing on innovation and product development to stay competitive in this rapidly evolving market landscape.
The Global Electric Power Steering Sensor Market is witnessing significant growth due to the increasing demand for advanced safety features in vehicles and the rising adoption of electric power steering systems. Key trends in the market include the integration of sensors with artificial intelligence and machine learning capabilities to enhance steering performance and efficiency. Additionally, the shift towards autonomous vehicles and the development of electric vehicles are creating opportunities for sensor manufacturers to innovate and introduce new sensor technologies tailored to these emerging trends. The market is also seeing a rise in collaborations and partnerships between automotive manufacturers and sensor suppliers to develop customized solutions, further driving market growth. Overall, the Global Electric Power Steering Sensor Market presents promising opportunities for companies to expand their product portfolios and capitalize on the growing automotive industry`s demand for advanced sensor technologies.
In the Global Electric Power Steering Sensor Market, significant challenges include technological advancements leading to the integration of sensors with advanced driver-assistance systems (ADAS) and autonomous driving technologies. This requires constant innovation to meet the evolving safety and performance requirements of modern vehicles. Additionally, the increasing complexity of electric power steering systems and the need for accurate and reliable sensors pose challenges in terms of sensor calibration, maintenance, and diagnostics. Furthermore, cost pressures and competition among sensor manufacturers to offer high-quality products at competitive prices add to the challenges faced by players in the market. Overall, staying ahead in terms of technology, reliability, and cost-effectiveness are key challenges for companies operating in the Global Electric Power Steering Sensor Market.
The Global Electric Power Steering Sensor Market is primarily driven by the increasing demand for advanced driver assistance systems (ADAS) in vehicles, which require accurate and reliable steering sensors to enhance vehicle safety and performance. Additionally, the growing focus on reducing fuel consumption and emissions in automobiles has led to the adoption of electric power steering systems, further boosting the demand for steering sensors. The shift towards autonomous driving technology is also a key driver, as these systems rely heavily on precise sensor data to operate effectively. Moreover, the automotive industry`s ongoing trend towards lightweight and compact vehicle designs favors the integration of electric power steering sensors, driving market growth. Overall, the increasing emphasis on vehicle safety, efficiency, and technological advancements in the automotive sector are key factors propelling the Global Electric Power Steering Sensor Market.
Government policies related to the Global Electric Power Steering Sensor Market focus on promoting the adoption of electric power steering systems to improve fuel efficiency and reduce emissions in vehicles. Many countries have implemented regulations and incentives to encourage the use of electric power steering sensors, including mandates for automakers to meet certain fuel efficiency standards and emissions targets. Additionally, government support for research and development in the electric vehicle sector is driving innovation in power steering sensor technology. In some regions, subsidies and tax credits are provided to consumers who purchase electric vehicles equipped with advanced steering systems, further stimulating market growth. Overall, government policies play a crucial role in shaping the demand for electric power steering sensors and driving the transition towards more sustainable transportation solutions.
The Global Electric Power Steering Sensor Market is expected to witness significant growth in the coming years due to increasing demand for advanced driver assistance systems and the rising adoption of electric vehicles. The market is projected to be driven by technological advancements in sensor technology, such as the development of high-precision and reliable sensors for electric power steering systems. Additionally, stringent government regulations regarding vehicle safety and emissions are likely to boost the market growth further as automakers focus on integrating advanced sensor technologies to enhance vehicle performance and efficiency. With the automotive industry shifting towards electric and autonomous vehicles, the demand for electric power steering sensors is anticipated to surge, presenting lucrative opportunities for market players in the near future.
In the Global Electric Power Steering Sensor Market, Asia is projected to exhibit significant growth due to the rapid adoption of advanced automotive technologies in countries like China, Japan, and South Korea. North America is expected to witness steady growth driven by the presence of key automotive manufacturers and a focus on electric vehicle development. Europe is likely to experience robust growth owing to stringent emission regulations and increasing investments in electric vehicle infrastructure. The Middle East and Africa region is anticipated to show moderate growth as the automotive industry gradually shifts towards electric power steering systems. Latin America is expected to witness steady growth supported by the increasing demand for fuel-efficient vehicles and the adoption of electric power steering technology in the region.
Global Electric Power 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 Electric Power Steering Sensor Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Electric Power Steering Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Global Electric Power Steering Sensor Market - Industry Life Cycle |
3.4 Global Electric Power Steering Sensor Market - Porter's Five Forces |
3.5 Global Electric Power Steering Sensor Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Electric Power Steering Sensor Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
3.7 Global Electric Power Steering Sensor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Global Electric Power Steering Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Electric Power Steering Sensor Market Revenues & Volume Share, By Features, 2021 & 2031F |
3.10 Global Electric Power Steering Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Electric Power Steering Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Electric Power Steering Sensor Market Trends |
6 Global Electric Power Steering Sensor Market, 2021 - 2031 |
6.1 Global Electric Power Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Electric Power Steering Sensor Market, Revenues & Volume, By Torque Sensor, 2021 - 2031 |
6.1.3 Global Electric Power Steering Sensor Market, Revenues & Volume, By Angle Sensor, 2021 - 2031 |
6.1.4 Global Electric Power Steering Sensor Market, Revenues & Volume, By Position Sensor, 2021 - 2031 |
6.1.5 Global Electric Power Steering Sensor Market, Revenues & Volume, By Speed Sensor, 2021 - 2031 |
6.2 Global Electric Power Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Electric Power Steering Sensor Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.2.3 Global Electric Power Steering Sensor Market, Revenues & Volume, By SUVs, 2021 - 2031 |
6.2.4 Global Electric Power Steering Sensor Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.2.5 Global Electric Power Steering Sensor Market, Revenues & Volume, By EVs, 2021 - 2031 |
6.3 Global Electric Power Steering Sensor Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Electric Power Steering Sensor Market, Revenues & Volume, By Assisted Steering, 2021 - 2031 |
6.3.3 Global Electric Power Steering Sensor Market, Revenues & Volume, By Adaptive Steering, 2021 - 2031 |
6.3.4 Global Electric Power Steering Sensor Market, Revenues & Volume, By Driver Assistance, 2021 - 2031 |
6.3.5 Global Electric Power Steering Sensor Market, Revenues & Volume, By Autonomous Driving, 2021 - 2031 |
6.4 Global Electric Power Steering Sensor Market, Revenues & Volume, By Features, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Electric Power Steering Sensor Market, Revenues & Volume, By High Sensitivity, 2021 - 2031 |
6.4.3 Global Electric Power Steering Sensor Market, Revenues & Volume, By Wireless Communication, 2021 - 2031 |
6.4.4 Global Electric Power Steering Sensor Market, Revenues & Volume, By High Accuracy, 2021 - 2031 |
6.4.5 Global Electric Power Steering Sensor Market, Revenues & Volume, By Real-Time Adjustment, 2021 - 2031 |
6.5 Global Electric Power Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Electric Power Steering Sensor Market, Revenues & Volume, By AI-Driven Response, 2021 - 2031 |
6.5.3 Global Electric Power Steering Sensor Market, Revenues & Volume, By IoT Connectivity, 2021 - 2031 |
6.5.4 Global Electric Power Steering Sensor Market, Revenues & Volume, By Fail-Safe Mode, 2021 - 2031 |
6.5.5 Global Electric Power Steering Sensor Market, Revenues & Volume, By Self-Learning System, 2021 - 2031 |
7 North America Electric Power Steering Sensor Market, Overview & Analysis |
7.1 North America Electric Power Steering Sensor Market Revenues & Volume, 2021 - 2031 |
7.2 North America Electric Power Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Electric Power Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
7.4 North America Electric Power Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.5 North America Electric Power Steering Sensor Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Electric Power Steering Sensor Market, Revenues & Volume, By Features, 2021 - 2031 |
7.7 North America Electric Power Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Electric Power Steering Sensor Market, Overview & Analysis |
8.1 Latin America (LATAM) Electric Power Steering Sensor Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Electric Power Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Electric Power Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
8.4 Latin America (LATAM) Electric Power Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.5 Latin America (LATAM) Electric Power Steering Sensor Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Electric Power Steering Sensor Market, Revenues & Volume, By Features, 2021 - 2031 |
8.7 Latin America (LATAM) Electric Power Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Electric Power Steering Sensor Market, Overview & Analysis |
9.1 Asia Electric Power Steering Sensor Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Electric Power Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Electric Power Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
9.4 Asia Electric Power Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.5 Asia Electric Power Steering Sensor Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Electric Power Steering Sensor Market, Revenues & Volume, By Features, 2021 - 2031 |
9.7 Asia Electric Power Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Electric Power Steering Sensor Market, Overview & Analysis |
10.1 Africa Electric Power Steering Sensor Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Electric Power Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Electric Power Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
10.4 Africa Electric Power Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.5 Africa Electric Power Steering Sensor Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Electric Power Steering Sensor Market, Revenues & Volume, By Features, 2021 - 2031 |
10.7 Africa Electric Power Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Electric Power Steering Sensor Market, Overview & Analysis |
11.1 Europe Electric Power Steering Sensor Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Electric Power Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Electric Power Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
11.4 Europe Electric Power Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.5 Europe Electric Power Steering Sensor Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Electric Power Steering Sensor Market, Revenues & Volume, By Features, 2021 - 2031 |
11.7 Europe Electric Power Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Electric Power Steering Sensor Market, Overview & Analysis |
12.1 Middle East Electric Power Steering Sensor Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Electric Power Steering Sensor Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Electric Power Steering Sensor Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Electric Power Steering Sensor Market, Revenues & Volume, By Sensor Type, 2021 - 2031 |
12.4 Middle East Electric Power Steering Sensor Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.5 Middle East Electric Power Steering Sensor Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Electric Power Steering Sensor Market, Revenues & Volume, By Features, 2021 - 2031 |
12.7 Middle East Electric Power Steering Sensor Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Electric Power Steering Sensor Market Key Performance Indicators |
14 Global Electric Power Steering Sensor Market - Export/Import By Countries Assessment |
15 Global Electric Power Steering Sensor Market - Opportunity Assessment |
15.1 Global Electric Power Steering Sensor Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Electric Power Steering Sensor Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
15.3 Global Electric Power Steering Sensor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.4 Global Electric Power Steering Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Electric Power Steering Sensor Market Opportunity Assessment, By Features, 2021 & 2031F |
15.6 Global Electric Power Steering Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Electric Power Steering Sensor Market - Competitive Landscape |
16.1 Global Electric Power Steering Sensor Market Revenue Share, By Companies, 2024 |
16.2 Global Electric Power 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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