Product Code: ETC8835559 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The automotive steering sensor market is expanding in response to trends in vehicle safety and automation. In the Philippines, growth is supported by rising consumer preference for safety features and regulatory encouragement for advanced driver-assistance systems (ADAS).
The automotive steering sensor market in the Philippines is experiencing growth due to advancements in vehicle safety and automation systems. Steering sensors are crucial for systems such as electronic stability control, lane-keeping assistance, and autonomous vehicles. As the automotive sector continues to evolve and safety features become more advanced, the demand for automotive steering sensors is expected to rise. The increasing focus on vehicle safety and automation in the Philippines will likely drive the growth of this market.
The Automotive Steering Sensor market faces barriers including high import dependency, low vehicle electrification, and limited OEM partnerships. Most steering sensors are imported, which subjects the market to global supply chain disruptions and exchange rate volatility. Since these sensors are mainly used in advanced driver assistance systems (ADAS) and electric power steering (EPS), their adoption is slow due to the limited penetration of such technologies in locally manufactured or assembled vehicles.
The automotive steering sensor market in the Philippines is benefiting from growing vehicle safety standards and consumer demand for smart features. These sensors play a crucial role in stability control systems, electric power steering, and autonomous driving functions. Investment opportunities lie in supplying advanced sensor systems that enhance vehicle responsiveness and safety. Collaborations with automobile manufacturers and expanding distribution to the aftermarket service network can further strengthen market presence. The shift toward electric and autonomous vehicles is expected to boost demand for precise and reliable steering sensors.
The Philippines encourages development and import of automotive steering sensors under its automotive modernization roadmap. These components are required to meet international automotive safety and emissions standards, and the DTI ensures they comply with local certification. Local electronics manufacturing services (EMS) providers are also incentivized to participate in automotive sensor production.
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 Philippines Automotive Steering Sensor Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Automotive Steering Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Automotive Steering Sensor Market - Industry Life Cycle |
3.4 Philippines Automotive Steering Sensor Market - Porter's Five Forces |
3.5 Philippines Automotive Steering Sensor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Philippines Automotive Steering Sensor Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
3.7 Philippines Automotive Steering Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Philippines Automotive Steering Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Automotive Steering Sensor Market Trends |
6 Philippines Automotive Steering Sensor Market, By Types |
6.1 Philippines Automotive Steering Sensor Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Automotive Steering Sensor Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Philippines Automotive Steering Sensor Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 Philippines Automotive Steering Sensor Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2 Philippines Automotive Steering Sensor Market, By Sensor Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Automotive Steering Sensor Market Revenues & Volume, By Health Monitoring Systems, 2021- 2031F |
6.2.3 Philippines Automotive Steering Sensor Market Revenues & Volume, By Torque, 2021- 2031F |
6.2.4 Philippines Automotive Steering Sensor Market Revenues & Volume, By Angle Sensors, 2021- 2031F |
6.2.5 Philippines Automotive Steering Sensor Market Revenues & Volume, By Position Sensors, 2021- 2031F |
6.2.6 Philippines Automotive Steering Sensor Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Automotive Steering Sensor Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Philippines Automotive Steering Sensor Market Revenues & Volume, By Contacting, 2021- 2031F |
6.3.3 Philippines Automotive Steering Sensor Market Revenues & Volume, By Magnetic, 2021- 2031F |
7 Philippines Automotive Steering Sensor Market Import-Export Trade Statistics |
7.1 Philippines Automotive Steering Sensor Market Export to Major Countries |
7.2 Philippines Automotive Steering Sensor Market Imports from Major Countries |
8 Philippines Automotive Steering Sensor Market Key Performance Indicators |
9 Philippines Automotive Steering Sensor Market - Opportunity Assessment |
9.1 Philippines Automotive Steering Sensor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Philippines Automotive Steering Sensor Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
9.3 Philippines Automotive Steering Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Philippines Automotive Steering Sensor Market - Competitive Landscape |
10.1 Philippines Automotive Steering Sensor Market Revenue Share, By Companies, 2024 |
10.2 Philippines Automotive Steering Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |