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Global Automotive Steering Sensors Market - Growth, Trends & Forecasts to 2022 - Research and MarketsThe "Global Automotive Steering Sensors Market - Growth, Trends and Forecasts (2017-2022)" report has been added to Research and Markets' offering. The global market for automotive steering sensors is estimated to grow at a CAGR of 14.35% till 2022. Europe is the largest market for automotive steering sensors as of 2015. However, the Asia-Pacific region is expected to become the major market for the manufacture of these systems, with India, Japan and China stepping towards becoming automotive component manufacture hubs and sourcing to countries such as US and Germany. The market for steering sensors is expected to grow considerably over the coming 5 years. This can be attributed to the latest advancements in the steering angle and multifunctional intelligent system sensors, aiding a better and safer drive. Hella is now working on cutting down the packaging height to allow small crash length and also on sensor size and weight reduction. Employing its patented contactless inductive position sensor (CIPOS), Hella is able to achieve high flexibility and proven insensitivity. KMT telemetry came up with a new steering effort sensor that boasts of a control unit that simultaneously provides a free configurable CAN outpu for the data transfer of all parameters plus two analog outputs for steering angle and torque. Further, with this sensor, all the features of multi-function steering wheels can be maintained because no modifications to the original steering wheel are needed. Increasing global population and a subsequent spike in the vehicle owning households, increased demand for mobile monitoring devices such as heart rate monitors and growing government regulations to monitor driver safety are some of the major factors that are driving the market for automotive steering sensors towards growth. Growth in the popularity of hybrid and fuel cell vehicles that have an exponential use of sensors for motor speed and position shows another growth opportunity for the automotive steering sensor market. Companies Mentioned:
Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Key Inferences 5. Market Overview & Technology Trends 6. Automotive Steering Sensors Market, By Type 7. Automotive Steering Sensors Market, By Technology 8. Automotive Steering Sensors Market, By Geography 9. Competitive Landscape 10. Key Vendor Analysis 11. Analyst Outlook For Investment Opportunities 12. Future Outlook of the Market For more information about this report visit https://www.researchandmarkets.com/research/q4qkmx/global_automotive View source version on businesswire.com: http://www.businesswire.com/news/home/20171205005731/en/ |
