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Automotive Steering Angle Measurement Sensor Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Integration of Sensors for Better Steering Control to Boost the Market Growth | Technavio
[August 05, 2020]

Automotive Steering Angle Measurement Sensor Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Integration of Sensors for Better Steering Control to Boost the Market Growth | Technavio


Technavio has been monitoring the automotive steering angle measurement sensor market and it is poised to grow by USD 9.6 bn during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive Steering Angle Measurement Sensor Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Automotive Steering Angle Measurement Sensor Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 8.37% and the incremental growth of the market is anticipated to be $ 9.6 bn during the forecast period.
  • Who are the top players in the market?
    Bourns Inc., DENSO CORP., HELLA GmbH & Co. KGaA, Honeywell (News - Alert) International Inc., Robert Bosch GmbH, TE Connectivity Ltd., TOKAI RIKA CO. LTD., Toyodenso Co. Ltd., Valeo SA, and ZF Friedrichshafen AG are some of the major market participants.
  • What are the key market drivers and challenges?
    Integration of sensors for better steering control has been instrumental in driving the growth of the market. However, increasing lead time for automotive electronic components might hamper the market growth.
  • How big is the APAC market?
    The APAC region will contribute 53% of the market share

     

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bourns Inc., DENSO CORP., HELLA GmbH & Co. KGaA, Honeywell International Inc., Robert Bosch GmbH, TE Connectivity (News - Alert) Ltd., TOKAI RIKA CO. LTD., Toyodenso Co. Ltd., Valeo SA, and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The integration of sensors for better steering control hs been instrumental in driving the growth of the market. However, increasing lead time for automotive electronic components might hamper the market growth.



Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Steering Angle Measurement Sensor Market 2020-2024: Segmentation


Automotive Steering Angle Measurement Sensor Market is segmented as below:

  • Application
    • Electric Power Steering
    • Electro-hydraulic Power Steering
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41295

Automotive Steering Angle Measurement Sensor Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive steering angle measurement sensor market report covers the following areas:

  • Automotive Steering Angle Measurement Sensor Market Size
  • Automotive Steering Angle Measurement Sensor Market Trends
  • Automotive Steering Angle Measurement Sensor Market Industry Analysis

This study identifies the development of portable steering wheel angle measurement sensor as one of the prime reasons driving the automotive steering angle measurement sensor market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Steering Angle Measurement Sensor Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist automotive steering angle measurement sensor market growth during the next five years
  • Estimation of the automotive steering angle measurement sensor market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive steering angle measurement sensor market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive steering angle measurement sensor market, vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application placement
  • Electric power steering - Market size and forecast 2019-2024
  • Electro-hydraulic power steering - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape

Landscape disruption

  • Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • Bourns Inc.
  • DENSO (News - Alert) CORP.
  • HELLA GmbH & Co. KGaA
  • Honeywell International Inc.
  • Robert Bosch GmbH
  • TE Connectivity Ltd.
  • TOKAI RIKA CO. LTD.
  • Toyodenso Co. Ltd.
  • Valeo SA
  • ZF Friedrichshafen AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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