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Automotive Steering Sensors Market By Sensor Type (Health Monitoring Systems, Torque Sensors, Intelligent Multi-functional Sensor Systems, Position Sensors/Angle Sensors, Other Sensor Types); By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); By Technology (Contacting, Magnetic) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 96422 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2020-2023
Base Year 2024
Forecast Period 2025-2032
Automotive Steering Sensors Market Size 2024 USD 10,990 million
Automotive Steering Sensors Market, CAGR 5.01%
Automotive Steering Sensors MarketSize 2032  USD 16,250 million

Market Overview

The Global Automotive Steering Sensors Market is projected to grow from USD 10,990 million in 2024 to an estimated USD 16,250 million by 2032, with a compound annual growth rate (CAGR) of 5.01% from 2025 to 2032.

The market is primarily driven by rising vehicle safety standards, the growing adoption of electronic power steering systems, and the increasing focus on autonomous driving. Automakers are incorporating steering sensors to enable features such as lane-keeping assistance, adaptive cruise control, and collision avoidance. Trends such as miniaturization of sensor components, improved accuracy, and enhanced signal processing capabilities are also shaping product innovation. Furthermore, the surge in connected car technologies is propelling the use of steering angle sensors for real-time data collection and performance optimization.

Geographically, Asia-Pacific holds a dominant position in the automotive steering sensors market, supported by high vehicle production rates in countries like China, Japan, and South Korea. North America and Europe follow, driven by strong regulatory frameworks and technological advancements in automotive safety. Key players in the market include Robert Bosch GmbH, Continental AG, DENSO Corporation, HELLA GmbH & Co. KGaA, and Infineon Technologies AG.

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Market Insights

  • The Global Automotive Steering Sensors Market is projected to grow from USD 10,990 million in 2024 to USD 16,250 million by 2032, registering a CAGR of 5.01% from 2025 to 2032.
  • Rising adoption of ADAS and autonomous driving technologies is a key driver boosting demand for advanced steering sensors.
  • Increasing integration of electronic power steering systems across all vehicle segments is supporting market expansion.
  • High production costs and complex system integration remain major restraints limiting adoption in price-sensitive markets.
  • Asia-Pacific dominates the market, driven by strong automotive production in China, Japan, and South Korea.
  • North America and Europe follow with significant market shares, supported by regulatory mandates and safety-focused vehicle upgrades.
  • Sensor miniaturization, real-time data processing, and software compatibility are shaping innovation and future growth strategies.

Market Drivers

Rising Demand for Advanced Driver-Assistance Systems (ADAS)

The widespread adoption of ADAS technologies is significantly accelerating the demand for steering sensors. Features such as lane-keeping assistance, lane departure warning, and adaptive cruise control rely on accurate steering input data to function effectively. Steering sensors play a critical role in interpreting driver behavior and supporting semi-autonomous navigation. Automakers are integrating these sensors into electronic steering systems to improve vehicle control and safety. The Global Automotive Steering Sensors Market is experiencing growth as regulatory mandates and consumer preference for safer vehicles rise. Increasing public awareness about road safety also contributes to the adoption of sensor-driven solutions.

  • For instance, ADAS adoption surged in 2022, with 30-40% of new vehicles now equipped with advanced driver-assistance systems.

Proliferation of Electronic Power Steering Systems

The shift from hydraulic to electronic power steering systems is a major factor driving demand for steering sensors. Electronic systems require high-precision sensors to measure steering torque and angle, enabling efficient control. These systems offer benefits such as fuel efficiency, reduced maintenance, and improved driving comfort. It is enabling vehicle manufacturers to meet stricter emission norms and enhance performance. The integration of sensors into these systems helps optimize response time and align with the growing trend of vehicle electrification. This transition creates sustained opportunities for sensor manufacturers across all vehicle segments.

  • For instance, stringent government regulations promoting fuel efficiency and emission reduction are compelling automakers to adopt EPS over conventional hydraulic steering.

Growing Focus on Vehicle Electrification

The expansion of electric and hybrid vehicles supports the increased use of steering sensors to maintain safety and performance. EVs and HEVs rely heavily on electronic systems, including steer-by-wire technologies, which eliminate mechanical linkages and depend entirely on sensors. It enhances steering response while reducing component weight. The demand for steering sensors grows in parallel with EV adoption due to their role in controlling torque feedback and adaptive handling. Global OEMs are investing in smart steering technologies to differentiate offerings in a competitive market. These trends are pushing sensor innovation and improving system integration.

Emphasis on Safety Regulations and Vehicle Standardization

Stringent safety regulations by government agencies are compelling automakers to integrate advanced steering sensors into vehicles. Global standards require compliance with features that enhance steering accuracy and responsiveness. It ensures improved maneuverability and collision avoidance capabilities. Safety ratings now consider the presence of steering support systems, influencing consumer purchase decisions. The push for standardized steering performance across regions is encouraging uniform adoption of sensor technologies. Automotive brands are aligning development strategies to incorporate sensor-based systems that meet evolving regulatory expectations.

Market Trends

Integration of Steering Sensors in Electric and Autonomous Vehicles

The growing penetration of electric and autonomous vehicles is reshaping the demand for precision steering sensors. EVs and self-driving systems require advanced steering inputs for improved directional control and vehicle stability. It supports features like lane-centering and self-parking, which depend on accurate steering data. Sensor-enabled systems help manage torque feedback and ensure responsive handling in the absence of mechanical connections. Automakers are embedding steering sensors into steer-by-wire architectures to reduce vehicle weight and enhance system flexibility. The Global Automotive Steering Sensors Market is benefiting from this transition as OEMs scale production of next-generation mobility platforms.

  • For instance, the rise of steer-by-wire systems has enabled automakers to eliminate mechanical linkages, enhancing vehicle responsiveness and reducing overall weight.

Advancements in Sensor Technology and Miniaturization

Ongoing innovations in sensor design are leading to compact, lightweight, and energy-efficient steering sensors. Engineers are focusing on reducing the size and power consumption of sensors without compromising accuracy. It enables easier integration into limited spaces within modern steering columns. High-resolution digital sensors now provide real-time feedback to electronic control units, improving steering precision. These technological upgrades support safety-critical systems and adaptive driving modes. Manufacturers are investing in scalable sensor platforms to address the rising complexity of electronic steering systems.

  • For instance, AI-powered sensors are transforming industries by enabling real-time monitoring and automation in applications such as industrial robotics, smart infrastructure, and autonomous mobility.

Rise of Connected Cars and Data-Driven Steering Control

The rise of vehicle connectivity is increasing the value of steering data in real-time vehicle analytics. Steering sensors are now part of broader vehicle communication networks that support predictive diagnostics and dynamic control systems. It facilitates advanced driver monitoring and system calibration based on actual usage. Connected platforms use steering input to assess driver fatigue, vehicle alignment, and road interaction. This trend enhances the role of steering sensors in preventive maintenance and autonomous driving algorithms. Automakers are leveraging connected solutions to deliver smarter, safer mobility experiences.

Focus on Sensor Fusion and System Integration

The trend toward sensor fusion is accelerating the integration of steering sensors with other onboard systems. Combining inputs from steering, braking, and acceleration sensors enables more accurate vehicle control decisions. It supports coordinated safety functions such as collision mitigation and emergency lane correction. System-level integration reduces latency and improves response time across ADAS modules. OEMs are adopting unified control architectures that streamline sensor input into a central decision-making unit. This alignment promotes system efficiency and strengthens vehicle intelligence.

Market Challenges

High Cost of Advanced Steering Sensor Technologies

The adoption of advanced steering sensors introduces significant cost challenges for manufacturers and suppliers. Sophisticated sensor modules require precision engineering, durable materials, and high-end electronics, all of which elevate production costs. It becomes more difficult for automakers to maintain affordability, particularly in mid-range and economy vehicle segments. Price-sensitive markets may delay adoption, limiting growth potential in emerging regions. The Global Automotive Steering Sensors Market faces pressure to balance technological innovation with cost efficiency to ensure wider integration. High R\&D expenses and the need for rigorous validation testing further increase financial barriers for new entrants.

  • For instance, over 30 million vehicles were equipped with advanced driver-assistance systems (ADAS) in 2022, contributing to the rising demand for steering sensors

Complexity in System Integration and Standardization

Integrating steering sensors with broader electronic architectures creates engineering and compatibility challenges. Vehicles increasingly rely on a range of interdependent systems, which complicates sensor alignment, calibration, and data processing. It requires consistent communication protocols and standardized interfaces, which remain fragmented across manufacturers. Lack of harmonized global standards slows deployment and creates inconsistencies in sensor performance. Automakers must ensure seamless interoperability between sensors, ECUs, and steering mechanisms to meet safety and reliability benchmarks. This complexity adds to development timelines and increases the likelihood of software or hardware integration errors.

Market Opportunities

Expansion of Electric and Autonomous Vehicle Production

The accelerating shift toward electric and autonomous vehicles presents strong growth potential for steering sensor manufacturers. These vehicles depend heavily on electronic steering systems that require precise sensor inputs for navigation and control. It opens up opportunities to develop high-performance, software-integrated steering sensors tailored for autonomous driving environments. Automakers are expanding EV portfolios and investing in automated driving technologies, increasing the demand for intelligent steering modules. The Global Automotive Steering Sensors Market stands to benefit from the rising need for scalable, adaptable sensor solutions. Suppliers can tap into OEM partnerships to co-develop advanced steering technologies for future mobility platforms.

Emergence of Smart Cities and Intelligent Transportation Systems

The rise of smart cities and intelligent transport infrastructure creates new avenues for sensor-based vehicle control systems. Steering sensors play a vital role in enabling vehicle-to-infrastructure communication and adaptive navigation in connected environments. It supports integration with traffic management systems and enhances situational awareness for both human-driven and autonomous vehicles. Government investments in digital transportation networks encourage the adoption of sensor-driven safety systems. This shift generates demand for advanced steering sensors capable of handling complex urban mobility scenarios. Companies that align product development with smart mobility initiatives can gain competitive advantages in global markets.

Market Segmentation Analysis

By Sensor Type

The Global Automotive Steering Sensors Market is segmented by sensor type into health monitoring systems, torque sensors, intelligent multi-functional sensor systems, position/angle sensors, and other sensor types. Torque sensors and position sensors hold a significant share due to their critical role in electronic steering systems and ADAS functionalities. Torque sensors measure driver input for steering assistance, while position sensors ensure accurate wheel alignment and feedback control. Intelligent multi-functional sensor systems are gaining traction in high-end vehicles for their ability to combine multiple sensor outputs and enhance steering performance. Health monitoring systems are emerging as key components in predictive maintenance and driver condition analysis.

By Vehicle Type

By vehicle type, the market is divided into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Passenger cars dominate the segment due to higher production volumes and growing integration of ADAS and electric steering systems in this category. It creates strong demand for precise and responsive steering sensors. LCVs are showing steady adoption driven by logistics expansion and safety regulations. HCVs are gradually integrating advanced steering sensors to improve stability, especially in autonomous fleet and long-haul operations.

By Technology

Based on technology, the market is segmented into contacting and magnetic systems. Magnetic steering sensors lead the market due to their non-contact nature, high durability, and resistance to wear and environmental conditions. It enhances performance reliability in critical safety systems. Contacting sensors, though cost-effective, are facing reduced demand in modern vehicles as OEMs prefer maintenance-free and compact magnetic alternatives for long-term efficiency and precision.

Segments

Based on Sensor Type

  • Health Monitoring Systems
  • Torque Sensors
  • Intelligent Multi-functional Sensor Systems
  • Position Sensors/Angle Sensors
  • Other Sensor Types

Based on Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Based on Technology

  • Contacting
  • Magnetic

Based on Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Belgium
    • Netherlands
    • Austria
    • Sweden
    • Poland
    • Denmark
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Thailand
    • Indonesia
    • Vietnam
    • Malaysia
    • Philippines
    • Taiwan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Colombia
    • Rest of Latin America
  • Middle East
    • UAE
    • KSA
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • Morocco
    • Rest of Africa

Regional Analysis

North America Automotive Steering Sensors Market

North America holds a significant share in the Global Automotive Steering Sensors Market, driven by early adoption of ADAS and autonomous technologies. Strong regulatory support for vehicle safety and the presence of key automotive manufacturers are accelerating the integration of advanced steering sensors. It benefits from well-established R\&D infrastructure and high consumer demand for safety-enhanced vehicles. The U.S. accounts for the majority of the regional market share due to its high vehicle ownership rate and growing sales of electric vehicles. Automakers in the region are focusing on innovation and strategic partnerships to develop next-generation steering technologies. North America represents approximately 23% of the global market share.

Europe Automotive Steering Sensors Market

Europe is a mature and technology-driven market with strict regulatory standards for vehicle safety and emissions. The region’s focus on reducing carbon footprints is supporting the transition to electronic steering systems, which rely heavily on precision steering sensors. It benefits from strong automotive production hubs in Germany, France, and the UK. European OEMs are integrating steer-by-wire and torque sensors into premium vehicles to meet rising consumer expectations. The presence of Tier-1 suppliers and a skilled engineering base further strengthens Europe’s market position. Europe contributes roughly 26% to the global market share.

Asia-Pacific Automotive Steering Sensors Market

Asia-Pacific dominates the Global Automotive Steering Sensors Market with the highest regional share of approximately 38%. The region’s dominance is driven by large-scale vehicle production, particularly in China, Japan, and South Korea. It benefits from favorable government initiatives promoting electric mobility and road safety. Rapid urbanization and growing disposable incomes are fueling demand for vehicles equipped with advanced steering systems. Regional manufacturers are investing in localized sensor production to reduce costs and improve supply chain efficiency. The growing presence of international OEMs in emerging markets is further strengthening market expansion.

Latin America Automotive Steering Sensors Market

Latin America presents moderate growth opportunities supported by gradual adoption of electronic steering systems. Brazil and Mexico lead the regional market due to their established automotive industries and growing focus on vehicle safety standards. It remains price-sensitive, which limits the integration of high-cost steering technologies in budget vehicles. However, rising demand for connected and electric vehicles is pushing OEMs to include steering sensors in newer models. Strategic collaborations with global suppliers are helping local manufacturers introduce advanced steering functionalities. Latin America holds nearly 5% of the global market share.

Middle East & Africa Automotive Steering Sensors Market

The Middle East & Africa region is emerging as a niche market for automotive steering sensors with an estimated 3% share. It is supported by infrastructure development, economic diversification, and rising automotive sales in the Gulf Cooperation Council (GCC) countries. Premium vehicle imports and the increasing popularity of electric vehicles are introducing demand for advanced steering sensors. South Africa shows steady growth due to its local manufacturing capabilities and rising focus on safety features. Market penetration remains low due to limited consumer awareness and high vehicle import dependency. Government policies aimed at localizing vehicle production may improve future adoption.

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Key players

  • Robert Bosch GmbH
  • Continental AG
  • Honeywell Inc.
  • Hitachi Metals
  • Sensata Technologies
  • Delphi Automotive (Aptiv PLC)
  • DENSO Corporation
  • Infineon Technologies AG
  • Valeo SA
  • HELLA GmbH & Co. KGaA

Competitive Analysis

The Global Automotive Steering Sensors Market is highly competitive, with key players focusing on technological innovation and strategic partnerships to strengthen market presence. Companies like Robert Bosch GmbH, Continental AG, and DENSO Corporation lead the market through extensive R\&D investments and advanced product portfolios. It witnesses intense competition in sensor accuracy, integration capability, and cost efficiency. Emerging technologies such as magnetic sensors and sensor fusion systems are reshaping product development strategies. Players like Sensata Technologies and Infineon Technologies AG are capitalizing on the growing demand for compact and high-performance sensor modules. Market participants are targeting electric and autonomous vehicle manufacturers to expand their application scope and global reach.

Recent Developments

  • In May 2025, Continental celebrated the production of 200 million radar sensors, highlighting its leadership in safety technology components essential for automotive steering systems.
  • In December 2024, Delphi‘s Steering and Suspension product line announced 171 new parts, including newly designed and improved components, enhancing its steering systems offerings.

Market Concentration and Characteristics 

The Global Automotive Steering Sensors Market exhibits moderate to high market concentration, with a few major players dominating global revenue share through technological expertise, established supply chains, and strong OEM relationships. It is characterized by continuous innovation, high precision requirements, and stringent compliance with automotive safety standards. The market favors companies with advanced engineering capabilities and the ability to deliver compact, durable, and accurate sensor systems. Entry barriers remain high due to the complexity of integration, certification requirements, and long validation cycles. It shows a strong inclination toward magnetic and non-contact technologies to meet the evolving demands of electric and autonomous vehicles.

Report Coverage

The research report offers an in-depth analysis based on Sensor Type, Vehicle Type, Technology and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The growing shift toward electric vehicles will accelerate the demand for electronic steering systems integrated with advanced steering sensors. OEMs will prioritize lightweight and compact sensors to improve efficiency and vehicle range.
  1. Autonomous driving systems will rely heavily on high-precision steering sensors for real-time decision-making. These sensors will become critical components in ensuring safe, hands-free navigation across different environments.
  1. Future developments will focus on sensor fusion, combining steering data with other vehicle inputs for more accurate control. This integration will enhance vehicle responsiveness and safety in complex driving scenarios.
  1. Smart city initiatives will encourage vehicles to interact with infrastructure through connected steering systems. Steering sensors will support vehicle-to-infrastructure communication for smoother traffic flow and adaptive navigation.
  1. Steering sensors will be central to predictive maintenance platforms by detecting early signs of steering system wear or misalignment. This will reduce unplanned downtime and extend vehicle life cycles.
  1. Commercial vehicles will increasingly adopt steering sensors to meet safety regulations and improve route precision. Fleet operators will invest in steering technology to boost reliability and reduce operational risks.
  1. Developing regions will present strong opportunities for steering sensor adoption due to rising vehicle production and regulatory reforms. Localized manufacturing will help reduce costs and accelerate market penetration.
  1. The evolution of software-defined vehicle architecture will allow steering sensors to deliver continuous updates and enhancements. It will support flexible system upgrades and adaptive control functionalities.
  1. With rising connectivity, the market will demand secure steering sensor systems to prevent data breaches and system manipulation. Sensor suppliers will develop encrypted communication protocols to ensure data integrity.
  1. Environmental regulations will push manufacturers to design steering sensors with recyclable materials and energy-efficient features. The market will favor solutions that align with sustainability goals and circular economy models.

1. Introduction  

1.1. Report Description

1.2. Purpose of the Report

1.3. USP & Key Offerings

1.4. Key Benefits for Stakeholders

1.5. Target Audience

1.6. Report Scope

1.7. Regional Scope

 

2. Scope and Methodology  

2.1. Objectives of the Study

2.2. Stakeholders

2.3. Data Sources

2.3.1. Primary Sources

2.3.2. Secondary Sources

2.4. Market Estimation

2.4.1. Bottom-Up Approach

2.4.2. Top-Down Approach

2.5. Forecasting Methodology

 

3. Executive Summary  

 

4. Introduction  

4.1. Overview

4.2. Key Industry Trends

 

5. Global Automotive Steering Sensors Market  

5.1. Market Overview

5.2. Market Performance

5.3. Impact of COVID-19

5.4. Market Forecast

 

6. Market Breakup by Sensor Type  

6.1. Health Monitoring Systems

6.1.1. Market Trends

6.1.2. Market Forecast

6.1.3. Revenue Share

6.1.4. Revenue Growth Opportunity

6.2. Torque Sensors

6.2.1. Market Trends

6.2.2. Market Forecast

6.2.3. Revenue Share

6.2.4. Revenue Growth Opportunity

6.3. Intelligent Multi-functional Sensor Systems

6.3.1. Market Trends

6.3.2. Market Forecast

6.3.3. Revenue Share

6.3.4. Revenue Growth Opportunity

6.4. Position Sensors/Angle Sensors

6.4.1. Market Trends

6.4.2. Market Forecast

6.4.3. Revenue Share

6.4.4. Revenue Growth Opportunity

6.5. Other Sensor Types

6.5.1. Market Trends

6.5.2. Market Forecast

6.5.3. Revenue Share

6.5.4. Revenue Growth Opportunity

 

7. Market Breakup by Vehicle Type  

7.1. Passenger Cars

7.1.1. Market Trends

7.1.2. Market Forecast

7.1.3. Revenue Share

7.1.4. Revenue Growth Opportunity

7.2. Light Commercial Vehicles

7.2.1. Market Trends

7.2.2. Market Forecast

7.2.3. Revenue Share

7.2.4. Revenue Growth Opportunity

7.3. Heavy Commercial Vehicles

7.3.1. Market Trends

7.3.2. Market Forecast

7.3.3. Revenue Share

7.3.4. Revenue Growth Opportunity

 

8. Market Breakup by Technology  

8.1. Contacting

8.1.1. Market Trends

8.1.2. Market Forecast

8.1.3. Revenue Share

8.1.4. Revenue Growth Opportunity

8.2. Magnetic

8.2.1. Market Trends

8.2.2. Market Forecast

8.2.3. Revenue Share

8.2.4. Revenue Growth Opportunity

9. Market Breakup by Sales Channel  

9.1. OEMs (Original Equipment Manufacturers)

9.1.1. Market Trends

9.1.2. Market Forecast

9.1.3. Revenue Share

9.1.4. Revenue Growth Opportunity

9.2. Aftermarket

9.2.1. Market Trends

9.2.2. Market Forecast

9.2.3. Revenue Share

9.2.4. Revenue Growth Opportunity

 

10. Market Breakup by Region  

10.1. North America

10.1.1. United States

10.1.1.1. Market Trends

10.1.1.2. Market Forecast

10.1.2. Canada

10.1.2.1. Market Trends

10.1.2.2. Market Forecast

10.2. Asia-Pacific

10.2.1. China

10.2.2. Japan

10.2.3. India

10.2.4. South Korea

10.2.5. Australia

10.2.6. Indonesia

10.2.7. Others

10.3. Europe

10.3.1. Germany

10.3.2. France

10.3.3. United Kingdom

10.3.4. Italy

10.3.5. Spain

10.3.6. Russia

10.3.7. Others

10.4. Latin America

10.4.1. Brazil

10.4.2. Mexico

10.4.3. Others

10.5. Middle East and Africa

10.5.1. Market Trends

10.5.2. Market Breakup by Country

10.5.3. Market Forecast

 

11. SWOT Analysis  

11.1. Overview

11.2. Strengths

11.3. Weaknesses

11.4. Opportunities

11.5. Threats

 

12. Value Chain Analysis  

 

13. Porters Five Forces Analysis  

13.1. Overview

13.2. Bargaining Power of Buyers

13.3. Bargaining Power of Suppliers

13.4. Degree of Competition

13.5. Threat of New Entrants

13.6. Threat of Substitutes

 

14. Price Analysis  

 

15. Competitive Landscape  

15.1. Market Structure

15.2. Key Players

15.3. Profiles of Key Players

15.3.1. Robert Bosch GmbH

15.3.1.1. Company Overview

15.3.1.2. Product Portfolio

15.3.1.3. Financials

15.3.1.4. SWOT Analysis

15.3.2. Continental AG

15.3.3. Honeywell Inc.

15.3.4. Hitachi Metals

15.3.5. Sensata Technologies

15.3.6. Delphi Automotive (Aptiv PLC)

15.3.7. DENSO Corporation

15.3.8. Infineon Technologies AG

15.3.9. Valeo SA

15.3.10. HELLA GmbH & Co. KGaA

 

16. Research Methodology  

 

Frequently Asked Questions

What was the market size of the Global Automotive Steering Sensors Market in 2023, and what is its forecast for 2032 along with the CAGR?

The market was valued at USD 10,990 million in 2024 and is projected to reach USD 16,250 million by 2032, growing at a CAGR of 5.01% from 2025 to 2032.

What are the key factors driving the growth of the automotive steering sensors market?

Rising vehicle safety standards, increasing adoption of electronic power steering systems, and the shift toward autonomous driving are driving market growth.

Which regions dominate the global automotive steering sensors market?

Asia-Pacific leads the market due to high vehicle production, followed by North America and Europe with strong regulatory and technological support.

Who are the major players in the automotive steering sensors market?

Key players include Robert Bosch GmbH, Continental AG, DENSO Corporation, HELLA GmbH & Co. KGaA, and Infineon Technologies AG.

About Author

Ganesh Chandwade

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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Gunakesh Parmar

Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

View Profile

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