Automotive Steering Torque Sensors Market to Witness Rapid Growth Due to Rising Adoption of Electric
The automotive steering torque sensors market comprises torque sensors that are widely used in electric power steering (EPS) systems to measure the steering effort exerted by the driver to accurately control steering assistance. These sensors play a vital role in maintaining directional stability and response time of EPS systems. Torque sensors help achieve optimal steering feel and response by precisely measuring the amount of torque applied to the steering wheel.
The global automotive steering torque sensors market is estimated to be valued at US$ 8589.78 Mn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2031.
Key players operating in the automotive steering torque sensors are Robert Bosch Gmbh, Denso Corporation, Crane Electronics, Honeywell International, Sensor Technology, Valeo, TE Connectivity, Kistler Instruments Pvt. Ltd., Norbar Torque Tools Ltd., Bourns, Inc., Advanced Micro Electronics Co. Ltd., Methode Electronics, Inc., and others.
The Automotive Steering Torque Sensors Market Size such as improved fuel efficiency, precise control, and safety benefits. Additionally, torque sensors enhance driving dynamics and comfort in electric vehicles, which is anticipated to offer lucrative opportunities for market players. Advancements in integrated circuits and microelectromechanical technologies are enabling the development of compact and high-precision torque sensors with improved response times.
Key Takeaways
Key players: Robert Bosch Gmbh, Denso Corporation, Crane Electronics, Honeywell International, Sensor Technology, Valeo, TE Connectivity, Kistler Instruments Pvt. Ltd., Norbar Torque Tools Ltd., Bourns, Inc., Advanced Micro Electronics Co. Ltd., Methode Electronics, Inc., and others
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