#Automotive Steering Torque Sensors Growth

[technotale]

Automotive Steering Torque Sensors Market to Show Incredible Revenue Growth by 2030 

Automotive steering torque sensors are devices that measure the torque delivered to a vehicle's steering wheel. The electronic stability control (ESC) system uses this information to assess the driver's intended direction of travel and to alter the vehicle's stability as needed. The sensor improves vehicle handling and stability by identifying when the driver is struggling to keep control of the vehicle and intervening to avoid an accident.

The automotive steering torque sensor market is expanding in importance as automakers try to improve driving pleasure and vehicle safety. These sensors assess the torque and rotational force delivered to the steering wheel, providing the driver with superior control and feedback. The growing popularity of advanced driver assistance systems (ADAS) and electric cars (EVs) is propelling the steering torque sensor industry forward. The industry is likely to expand more in the future years as demand for more advanced and safer automobiles grows.

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Automotive Steering Torque Sensors Market is Estimated to Witness High Growth Owing to Increasing Demand

Automotive steering torque sensors play an important role in steering systems by directly measuring the rotational forces applied to the steering shaft. They are primarily utilized in advanced driver assistance systems such as electronic power steering, automobile stability control, and anti-lock braking systems. The growing emphasis on vehicle safety and introduction of autonomous driving technologies are expected to drive the demand for automotive steering torque sensors over the forecast period.

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 Takeaways 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 key players are focused on developing innovative torque sensors with enhanced accuracy and durability.

The Automotive Steering Torque Sensors Market Size is expected to create significant opportunities for automotive steering torque sensor manufacturers. Furthermore, the increasing adoption of autonomous vehicles will further propel the demand.

Globally, the Asia Pacific region dominated the market and is expected to exhibit the highest CAGR during the forecast period. China, Japan, and India have emerged as major markets for automotive steering torque sensors owing to increasing automotive production and sales.

Market drivers The increasing demand for advanced driver assistance systems in passenger and commercial vehicles is a major factor driving the growth of automotive steering torque sensors market. Features like stability control, traction control, anti-lock braking help in improving road safety. Furthermore, the growing adoption of electric power steering systems that utilize torque sensor technology is also fueling the market growth. Stringent safety norms especially in European and North American regions have further promoted the integration of torque sensors in vehicle steering systems.

PEST Analysis Political: The Automotive Steering Torque Sensors Market Size And Trends is governed by strict regulations regarding automotive safety and emissions. Manufacturers must comply with regulations for vehicle automation, driver assistance systems and functional safety standards.

Economic: The global economy recovery is driving automotive production and sales which is positively impacting the demand for automotive steering torque sensors. rising disposable incomes in developing countries is increasing vehicle ownership.

Social: Technology features such as driver assistance, autonomous driving, and connected vehicles are increasingly being adopted. Sensors play a key role providing input data to driver assistance systems. Safety and reliability are important considerations for consumers.

Technological: Advancements in sensor design, materials, and manufacturing processes are improving sensor accuracy, response time and durability. Technologies integrating multiple sensors and software are enabling advanced driver assistance and autonomous driving capabilities. Connectivity integration in sensors allows remote diagnostics.

In terms of value, Asia Pacific holds the largest share of the automotive steering torque sensors market due to high production volumes in China, India, Japan and South Korea. Europe is also a major region supported by strong automotive manufacturing presence in Germany, France, Italy and UK.

North America is anticipated to exhibit the fastest growth during the forecast period owing to rising demands for electric and autonomous vehicles in the US and Canada. Government mandates and investments to develop autonomous vehicle infrastructure will drive additional sensor needs in the region. Get More Insights On, Automotive Steering Torque Sensors Market About Author: Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163

[market-insider]

Electric Power Steering Market: Taking a Smooth Turn

With a shift in the automotive industry toward more fuel-efficient and smarter vehicles, the electric power steering market has a huge potential to grow in the upcoming years. Consumers have started preferring the electric power steering (EPS) system over the traditional Hydraulic Power Steering (HPS) system when they decide to buy a new vehicle, as EPS provides an enhanced and smooth driving experience.

The EPS system does not require a mechanical connection between the steering and the wheels. In the electric power steering system, when the steering is turned, a torque sensor on the steering column detects this movement and sends information to the Powertrain Control Module (PCM), which is the control unit of the car. This control unit then sends electricity to the motor placed at the end of the steering column. Once the motor receives the correct voltage signal, its gears start rotating, which controls the movement of the car's rack and ensures that the front wheels move in the desired direction!

Integration with other Automotive Systems: One of the biggest benefits of adopting the EPS system is that it can be integrated with other automotive systems, which is the need of the hour. Lane departure warning (LDW), automated parking and electronic stability control (ESC) are recent trends of the automotive industry that are compatible with the EPS system. The diverse applications of EPS in other automotive systems increase vehicles’ overall safety and enable more sophisticated steering assistance.

Integration with Autonomous Driving System: Another major industry trend is autonomous driving systems, and the EPS is crucial here, too! An Autonomous Driving System (ADS) requires electric power steering, as it allows the car to steer itself without the driver's assistance.

Why the Electric Power Steering Market is Growing: Advantages Offered by Electric Power Steering System

The EPS system is becoming popular as it offers many advantages when compared to the traditional hydraulic power steering system. HPS has a complicated design and consumes more power than electric power steering. Growing environmental concerns have given rise to the adoption of EPS as they consume less fuel than their traditional counterpart. According to some estimates, EPS can save up to 90% of the energy used by the HPS system. Moreover, the EPS system does not require hydraulic fluids, which results in reduced maintenance costs. Electric power steering also helps in reducing the weight of the vehicle as it uses electric motors instead of hydraulic pumps.

Governments and regulatory organizations in many countries have enforced strict guidelines related to CO2/CO emissions, fuel efficiency and vehicle safety, that mandate manufacturers to integrate cutting-edge technologies in steering mechanisms. For example, in case of frontal impact, collapsible electric power steering (CEPS) collapses the steering column and provides additional safety to the driver by reducing the risk of chest and head injuries.

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Challenges

The EPS industry has its challenges too—limited aftermarket presence being the first. The EPS components have a relatively small aftermarket, which poses a challenge to vehicle owners looking for repairs or improvements. Secondly, despite being simple in design, the repair and maintenance of electric power steering is little complex. Since the market is evolving fast, specialized skills and equipment are required for proper servicing. This can lead to higher maintenance costs for the owner. EPS’s dependency on electrical systems is another major threat to the market growth, as electrical failures can affect steering performance, raising concerns regarding safety.

Global Overview

The global electric power steering market had a size value of more than USD 25.32 billion in 2023. This is anticipated to reach around USD 40 billion by 2030, growing at a compound annual growth rate of 6.6% from 2024 to 2030. The market has witnessed tremendous transformation in the recent few years. With the growing popularity of hybrid and electric vehicles, EPS system is delivering lightweight and energy-efficient solutions. Due to the emerging economies of the Asia Pacific, the EPS industry accounted for the largest revenue generation in this region in 2023. The rapidly growing demand for the solution from countries such as India and China, where the rising population provides a large customer base, has given a boost to the electric power steering market.

Europe is another key market for EPS due to the presence of significant manufacturers in the region. For example, the rising demand for ADAS and the push toward autonomous vehicles in Germany have given a push to the adoption of EPS by the major automakers operating in the country, such as Volkswagen Group, BMW AG, and Mercedes-Benz. Moreover, organizations such as the International Council on Clean Transportation (ICCT) and the European Union (EU) have implemented stringent emission and fuel efficiency standards that encourage the adoption of EPS technology. North America has a significant presence of larger vehicles such as trucks and SUVs. These heavy vehicles require better safety features, such as precise and responsive steering systems. EPS technology plays a crucial role here.

Innovations in the industry

The EPS industry is evolving rapidly. Key players are coming up with innovative and latest technologies to stay ahead of their competitors. In April 2023, Nexteer Automotive launched the Modular Rack-Assist Electric Power Steering system (mREPS) to provide cost-effective, modular EPS solutions. The mREPS system offers advanced steering systems in heavier vehicles, including EVs. Similarly, in September 2022, Hitachi Astemo introduced a Steer-by-Wire prototype, which actuates the tires through the electric control of steering wheel inputs.

JTEKT Corporation, GKN Automotive Limited, Hitachi Astemo, Ltd., Denso Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH, Hyundai Mobis, Mitsubishi Electric Corporation and ZF Friedrichshafen AG, are some of the leading companies in the electric power steering market.

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[sjsuraj]

Guiding the Decade: Navigating the Brush Motor Control Unit Market's Journey Towards Tomorrow's Control

The market for brush motor control units is anticipated to reach a value of US$ 1,968.3 million in 2023 and US$ 3,236.9 million by 2033. During the projection period, sales of brush motor control units are anticipated to grow significantly at a CAGR of 5.1%.

The brush motor control unit provides precise speed control, and it has an electric power system (EPS) that controls the torque of the motor drive. The brush motor control unit system makes precise current adjustments based on torque signals detected by torque sensors. As a result, it provides vehicle drivers with some steering assistance during vehicle operation.

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Brush Motor Control Unit Market Overview 

The brush motor control unit provides precision control of the speed, and it has an electric power system (EPS), which is responsible for controlling the torque of the motor drive. Brush motor control unit system makes precise current adjustments based on the steering of torque signals; which are detected by torque sensors. It thus offers vehicle drivers a little steering assistance in the vehicle operation.

Brush motor control unit consumes energy only when the steering assist is necessary. The brush motor control unit system is comparatively more fuel efficient than the conventional hydraulic power steering systems.

The electrical control unit (ECU) of the brush motor control unit calculates the torque necessary for the steering assist from the engine speed and the torque sensor signal, etc. and ultimately supplies the maximum electric power to the brush motor control unit. Choosing a right type of motor control unit is critical for the overall performance of vehicle or machine in which it is used in as a component.

Brush Motor Control Unit Market: Market Dynamics 

The increasing demand for fuel-efficient automobiles coupled with the fact that the fuel reserve levels are going down constantly; is fueling the growth of the brush motor control unit market. The increasing demand for cost-effective automotive parts coupled with the fact that the companies are constantly trying to reduce their operational and overall cost of production; is contributing to the growth of brush motor control unit market.

However, the high initial cost of investment is a restraining factor. Another challenge faced in the expansion of the brush motor control unit market is the wide acceptance and proven performance of hydraulic steering systems. The launch of the brushless motor control units is a threat to the brush motor control unit market as they have less cost of maintenance (brushes require maintenance).

The use of brush motor control units in the cabin pressure, navigation and target servos, trim controls, utility actuation, and valve drives, etc., is one of the prevailing trends. Companies are also manufacturing brush motor control units with a range of magnetic materials such as samarium cobalt alloys and neodymium.

These units have weight with a durable performance which makes these ideal for use in a helicopter and small aircraft applications. There is an increasing preference for the brush motor control unit because it can alter or vary the speed-torque ratio in all possible ways.

[infinitiresearch]

Automotive Torque Actuator Motors Market| Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2023 – 2027

Originally published on Technavio: Automotive Torque Actuator Motors Market by Application, Vehicle Type, and Geography Forecast and Analysis - 2023-2027

The Automotive Torque Actuator Motors Market undergoes a comprehensive research and analysis in a forecast spanning from 2023 to 2027, focusing on key aspects such as applications, vehicle types, and geographical considerations. Torque actuator motors play a crucial role in the automotive industry, contributing to various vehicle functions and performance.

**Applications:** The Automotive Torque Actuator Motors find application across different functions within vehicles. These applications include electric power steering systems, brake systems, throttle control, and various other systems that require precise torque control. In electric power steering, torque actuator motors assist in providing the necessary power assistance for steering, contributing to improved handling and maneuverability. In brake systems, these motors play a role in electronic brake force distribution and other brake control functionalities. Throttle control involves the regulation of engine speed, and torque actuator motors contribute to precise control in this critical aspect of vehicle performance. The market's dynamics are influenced by the increasing integration of advanced electronic systems and drive-by-wire technologies in modern vehicles.

**Vehicle Type:** The Automotive Torque Actuator Motors Market caters to various vehicle types, including passenger cars, commercial vehicles, and electric vehicles. In passenger cars, torque actuator motors are integral to enhancing driving comfort and safety features, such as stability control and advanced driver assistance systems. In commercial vehicles, these motors contribute to the efficient operation of braking and steering systems, crucial for the safety of larger vehicles. The rise of electric vehicles further amplifies the importance of torque actuator motors in electric power steering, regenerative braking systems, and overall electric vehicle drivetrain control. The market's growth is driven by the increasing adoption of electronic systems and electric propulsion technologies across diverse vehicle segments.

**Geography:** The Automotive Torque Actuator Motors Market is geographically diverse, with considerations for key regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America, with a strong automotive industry and a focus on advanced safety features, represents a significant market for torque actuator motors. Europe, known for its emphasis on vehicle performance and stringent safety standards, is a key contributor to the market. Asia-Pacific, with its growing automotive production and adoption of electric vehicles, is witnessing increased demand for torque actuator motors. Latin America and the Middle East and Africa regions, while evolving, are gradually incorporating advanced technologies in vehicles, contributing to the market's global landscape.

The forecasted period from 2023 to 2027 is marked by an industry-wide emphasis on electrification, autonomous driving, and connectivity in vehicles. The Automotive Torque Actuator Motors Market is evolving to meet the demands of automotive manufacturers seeking enhanced performance, efficiency, and safety in their vehicles. Manufacturers are investing in research and development to improve the precision, reliability, and efficiency of torque actuator motors. Innovations in sensor technologies, control algorithms, and materials are anticipated to contribute to the market's positive trajectory, addressing the evolving needs of the automotive industry globally.

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In conclusion, the Automotive Torque Actuator Motors Market is poised for significant growth, driven by diverse applications, vehicle types, and geographical considerations. The industry's evolution aligns with broader trends in vehicle electrification, automation, and the ongoing pursuit of advanced technologies for improved vehicle performance and safety.

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Automotive Electric Power Steering Market: Futuristic Technologies Overview

Power steering is especially important for cars with engines in the front and a lot of weight on the front wheels. Sensors detect torque in the steering column while the computer module controls the electric motor, making EPS systems significantly reliable and convenient. Hence, they make an attractive proposition for the automotive industry, enabling growth for the EPS market. As per Inkwood Research, the global automotive electric power steering market is set to propel with a 4.26% CAGR by 2030 and is expected to generate a revenue of $57.18 billion during the forecast period, 2022-2030.

Electric power steering (EPS) is a system that helps steer the wheels with an additional power source other than the driver’s manual force with which he turns the steering. This feature adds to the driving comfort as less effort is needed to turn the steering. Additionally, EPS systems eliminate drive belts, pumps, and hoses connected to the engine with variable power intensity. The configuration of EPS systems allows power assist systems to be incorporated into the steering column or the rack and pinion steering gear.

Further, conventional hydraulic steering systems require frequent changing of hydraulic fuel. Other components such as the steering pump, hydraulic fluid, rotary valve, steering fluid reservoir, and hydraulic chamber must be monitored. Therefore, problems may arise in a hydraulic system because of multiple components and the complexity of the design.

Hydraulic v/s Electric: The New-Age Power Steering Solution

Electric power steering (EPS) provides an extra steering force to the passenger as well as commercial cars with an electrical motor. It is the latest steering system without conventional hydraulic power-assisted parts. Moreover, EPS systems offer more assistance compared to traditional electric motor hydraulic power steering coupled to the steering gear or column. Hydraulic power steering is a primitive technology used for decades and has improved significantly with time. Earlier, it did not have any difference in steering response with the car’s speed, but the new age of hydraulic power steering is speed-sensitive and works better than the older hydraulic power steering.

However, electric power steering is a comparatively new technology and comes under the advanced driver assistance system (ADAS) with a less complicated build & mechanism, space-saving, and durability. Electric power steering use sensors to sense the car speed and will take care of the different steering response required for different speeds. Electric power steering consumes power from a battery that is also charged by the engine, but it consumes less power than hydraulic power steering. Therefore, a car with an EPS system provides more mileage than one with hydraulic power steering.

Sensors detect steering column movements consecutively with a processor module that applies assistive power with an electric motor. This mechanism allows various assistance depending on driving conditions and requirements. With electronic systems becoming increasingly common in cars, they will use EPS as the future power steering system. Unlike its counterpart, EPS is consistently active during the steering process. It also eliminates maintenance on steering hydraulics and cuts fuel consumption by approximately 0.4 liters every 100 km.

How do EPS systems and sensors work in different vehicle types?

An electric power steering (EPS) sensor is a futuristic technology for highly automated driving. These sensors are primarily used in EPS systems to measure the torque on the steering wheels. The electronic control unit calculates the amount of steering assistance required by the electric motor based on the data collected by these sensors. The steering wheel angle and the amount of effort applied to the turn are the two key driver inputs that these steering sensors monitor.

After analyzing these input signals, motor electronics generate a responsive output algorithmically, resulting in intuitively responsive assisted steering. The assistance provided by the sensors to the vehicle enables the driver to have a better judgment of constraints and directions, thereby reducing accidents and collisions.

Passenger Cars

The application of electric power steering in passenger cars is surging, owing to its numerous advantages. Along with reducing the vehicle weight and rising production and sales of passenger cars, automobile manufacturers are proactively equipping their vehicles with EPS. This step aids in increasing fuel efficiency while further increasing a focus on safety and comfort. Thereby, the automobile manufacturers are now focusing on incorporating electric power steering technology in the entry-level segment cars, also, in turn, propelling the demand for electric power steering in passenger cars.

Commercial Vehicles

The adoption of electric power steering in commercial vehicles is still nascent as they majorly use hydraulic steering systems. However, with the increased restrictions from environmental regulations, the scope for electrically power steering is expected to become a standard feature in commercial vehicles. With the growing logistics sector and construction, vehicles’ demand for electric power steering has increased. Moreover, with the continually increasing restrictions and regulations on diesel-powered commercial trucks, truck manufacturers, such as Volvo, Mercedes, and Daimler, have started manufacturing and testing electric trucks, which is expected to drive the demand for electric power steering systems in commercial vehicles.

EPS Systems: Future Outlook

An industry study estimated that electric power steering (EPS) saves 4% more fuel than hydraulic steering. Also, it uses 1/10th power as that of hydraulic steering. This number is huge when emissions from millions of vehicles are calculated. In addition, with the advent of government regulations, global automakers have been forced to comply with the new environmental norms to develop cleaner and fuel-efficient vehicles, driving the global automotive electric power steering market.

FAQs:

Which country dominates in the Asia-Pacific automotive electric power steering market in terms of revenue?

India dominates the Asia-Pacific automotive electric power steering market in terms of revenue.

Which is the leading component in the global automotive electric power steering market?

Steering Motor is the leading component in the global automotive electric power steering market.

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Electric Power Steering Market - Forecast(2022 - 2027)

Electric Power Steering Market Overview

Global Electric Power Steering Market is estimated to reach $41.9 billion by 2026, forecast to grow at a CAGR of 5.2% during 2021-2026. Increasing adoption of Electric Power Steering in passenger car as well as commercial vehicles is one of the major driving factor that is expected to drive the automotive Electric Power Steering market during the forecast period. Variable ratio steering changes the co-ordination between the driver’s actions. Global economic condition is growing day by day and disposable income of middle and upper middle class people. Since last half decade, the vehicle production has picked up drastically especially in China and India owing to low production costs. Increase in the vehicle production, the electric power steering market is getting momentum year on year. Steering wheels, and the ratio continuously change with vehicle speed and improving the steering condition in all condition that drives the growth of the steering market across the globe.

Electric Power Steering Market Report Coverage

The report: “Electric Power Steering Industry Outlook – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electric Power Steering Market.

By Component Type – Steering Wheel, Sensor, Steering Column, Steering Gear, Electronic Control Unit, Electric Motor, Bearing. By Electric Motor Type – Brushed DC Motor, Brushless DC Motor. By Type – CEPS, PEPS, REPS. By Mechanism – Collapsible, Rigid. By Application – Passenger Vehicle, Commercial Vehicle (LCV, HCV). By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others), and RoW (Middle East and Africa).

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Key Takeaways

Asia-Pacific region is estimated to drive the electric power steering market growth during the forecast period from 2020 to 2025, owing to the growth of vehicle production, favorable government regulation, vehicle emission, electric vehicle penetration, growing disposable income and among other factors. Global Electric power steering market is estimated to driven with the help of growth in sport and budget segment vehicles. In the other hand most of the OEMs are started focusing on implementing cost-effectiveness and EPS system in commercial vehicles, expected to drive the market growth in the long term prospective. Some of the advantages offered by the electric power steering system offers better fuel efficiency, there is no assistance require to operate the power steering system manually.

Electric Power Steering Market Segment Analysis- Type of Components

Sensor segment is estimated to grow at a highest CAGR of 6.1% during the forecast period 2021-2026. Sensor plays a critical role in the Electric Power Steering Market. Sensor is responsible for measuring two primary drivers in electric power steering industry. There are majorly three type of sensors used in such type of sensor includes torque sensor, steering wheel speed sensor and position sensor. Torque sensor is become one of the primary sensor among all the sensor used in electric power steering system.

An Electric Power Steering system is an alternative to the traditional steering system includes electro hydraulic system. This electric motor is offering power, when it is turned on, wheel is turned one way or the other, thus offering a better fuel economy. The torque sensor is worked based on the non-contact magnetic measurement principle. The torque sensor contains two independent coils of wire. These coils are responsible for the moment of the wheel of the vehicles. So going forward sensor segment is estimated to grow at a higher pace in the coming future during the forecast period.

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Electric Power Steering Market Segment Analysis - By Vehicle Type

By Vehicle type Electric Power Steering segment is classified in to two different segment such as Passenger Car and Commercial Vehicle. Passenger Vehicles dominated the market with a share of 73% in 2020. The increasing adoption of passenger car across the globe is estimated to drive the market for a long term basis. In the current situation, 30% of the passenger cars are running and integrated with EPS technology worldwide, and this technology is likely to be implemented in the budget passenger car as well during the forecast period. In the coming future by next 1-2 years EPS systems are expected to be replaced by brushless DC motor. Brushless DC motor are highly efficiency, less maintenance and low electric noise generation over brushed DC motors. Passenger car segment is estimated to grow at a CAGR of 6.20% during the forecast period.

Electric Power Steering Market Segment Analysis- By Geography APAC region dominated the global Electric Power Steering market with a market share of more than 34% in 2020, followed by Europe and North America region. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the automotive industries According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, with South East Asian countries having huge potential to grow. In addition to this, in January 2019 the Chinese government unveiled number of initiatives to increase the sales of the vehicles.

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Electric Power Steering Market Drivers

Servo-electric technology has the capacity to meet highly automated driving and safety standards

Servo-electric power steering system combines the appropriate automated driving system with a maximum safety for the driver. These electric power steering system combined of servo system with electric power offers maximum efficiency to the vehicle. The servo-electric technology for passenger car is able to deliver the highly automated driving and try to meet the highest safety standards with 20%-25% weight saving. This advanced technology meets all the requirements of all the passenger car and commercial vehicles. Bosch is one of the leading player in this servo-electric technology segment.

Increasing advancement in Vehicle Technology:

The development of various advanced steering technology is also the major factor that is boosting the electric power steering market. Automotive giants are investing huge amounts for the transformation of the automotive industry and leading to introduction of latest technology in the field of electric power steering for passenger and commercial vehicles. At present, countries such as Germany, China and India are looking towards the use the latest technology and are upgrading towards the use of passenger car and commercial vehicles which will further boost the adoption of electric power steering market. Electric Power Steering Market Challenges

Critical to maintain Electric Power Steering system

Now a day’s drivers are pretty much aware about electric power steering and it is very easy to drive a muscular vehicle that was required to simply turn a car’s wheel only a few decades ago, and it will difficult to operate a luxury power steering in a vehicle. Power steering is combination of various components that makes the vehicle steer and turn smoothly without any difficulties. When the power steering system faces an issue, it can be highly problematic and even dangerous for the driver and passengers. Maintaining the power steering system is critical in order to prevent safety issues from occurring and to keep the vehicle in good working condition

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Electric Power Steering Market Landscape Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Electric Power Steering market. In 2020, the market of Electric Power Steering has been fragmented by the top five players accounting for 23% of the share. Major players in the Electric Power Steering market are, Robert Bosch, Hyundai Mobis, Delphi Technology, Thyssenkrupp, GKN, Mitsubishi, Federal Mogul, NSK, Electric and among others.

Acquisitions/Technology Launches In March 2019, NSK Steering Systems Pvt. Ltd has established a new plant in India to manufacture electric power steering system. The major purpose of opening this new plant was to introduce new technology and expand the power steering products lineup. NSK Steering Systems Pvt. Ltd, made an investment of $70m to manufacture Electric Power Steering products. The company aims to manufacture 250,000 units of power steering products per year.

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Electronic Differential System (EDS) Market Analysis & Competitive Insights to 2023

[4/2/2019]:  Global electronic differential system (EDS) market is anticipated to witness an exponential growth in the forecast period. Electronic differential system (EDS) is mainly designed to enhance vehicle stability by maintaining the slip ratio. EDS comprises an outer control loop and an inner control loop. In addition, the electronic differential system uses the throttle position signals, steering wheel command signal, and the motor speed signals to switch the power to each wheel so that all wheels are supplied with the torque they need.

Factors such as technological advancement, high demand for crossovers and SUVs, increasing demand from the automotive sector, increasing car sale and precise measurement of electric motor torque, growing inclination towards four wheel and all wheel drives integrated vehicles in Asian economies are likely to drive the electronic differential system market in forthcoming period.

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On the other hand, the presence of substitutes, restricted sensitivity of electronic control unit (ECU) differentials through the interruption in response time actuators and time caused by sensors and the high cost are anticipated to hinder electronic differential system (EDS) market growth in future. However, EDS has double control loops to recover driving stability and safety is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market could be explored by type, application, and geography. North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as increasing demand for passenger cars, booming automotive sector in the region and acceptance of progressive technology related to four-wheel drive in countries. North America is followed by Latin American and Eastern European region and anticipated to show high growth in the years to come.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Electronic Differential System (EDS) in these regions, from 2012 to 2023 (forecast), covering

• North America (United States, Canada and Mexico)

• Europe (Germany, France, UK, Russia and Italy)

• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

• South America (Brazil, Argentina, Columbia)

• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Electronic Differential System (EDS) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• Fuao

• Audi

• Volkswagen

Table of Contents

1 Report Overview

2 Product Type Market

3 Product Application Market

4 Manufacturers Profiles/Analysis

5 Market Performance for Manufacturers

6 Regions Market Performance for Manufacturers

7 World Market Performance Point

8 Development Trend for Regions and Countries (Sales Point)

9 Upstream Source, Technology and Cost

10 Channel Analysis

11 Consumer Analysis

12 Market Forecast

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Automotive Electric Power Steering Systems Market 2021 Current Trends and Future Aspect Analysis 2030

Global automotive electric power steering systems was estimated at US$ 19.01 billion in 2020 and is expected to reach US$ 31 billion by 2029, growing at a CAGR of 7% over the forecast period. The need for fast-paced and high performance cars, along with enhanced safety features is driving the automotive electric power steering system market. The market which has grown leaps in past couple of decades was largely affected by the recent COVID-19 pandemic. Unavailability of labor, various trade restrictions and disrupted supply chain owing to the lockdowns imposed by most of the leading economies dragged the automotive EPS system market behind. Though the situation seems to be changing as the number of COVID-19 cases is plunging and the demand for passenger vehicles is steadily going upwards to pre-pandemic levels.

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As automotive electric power steering (EPS) system is much more efficient compared to the conventional steering systems like hydraulic and electro-hydraulic, it is being extensively adopted by automakers. The arrival of self-driving vehicles together with increased need for low steering effort is taking the automotive EPS system market ahead.

Everything that is comfortable and makes one's job easy is likely to come at an increased price and same is the case with automotive EPS system. The higher cost as compared to other steering systems could restrain the growth of the automotive electric power steering market. Despite, being expensive, the automotive EPS system has managed to carve a niche for itself. The market adversely affected by the COVID-19 pandemic is expected to rebound mainly because of its adoption by the logistics industry. As it provides the much needed comfort to drivers who travel longer routes, the integration of EPS system reduces the efforts and this could result in lower number of road accidents and also help the companies save more money.

The detailed research study provides qualitative and quantitative analysis of automotive electric power steering system market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

As column electric power steering system requires less space for installation, it is being widely used in smaller vehicles.

While sale of integrated systems bring maximum amount of revenue for the automotive electric power steering system market, it is the aftersale which includes sales of components that contributes in terms of profits

Increased demand for steering systems that is automatic and requires lower amount of efforts is helping the automotive EPS market grow exponentially.

The major players operating in the automotive electric power steering systems market include Hitachi Ltd., Mando Corp., Robert, Akashi Machine Industry Co. Ltd, JTEKT Corporation, NSK Ltd, SHOWA CORPORATION. amongst others.

Automotive Electric Power Steering Systems Market

By Product Type

Integrated Systems

o Column Electric Power Steering

o Pinion Electric Power Steering

o Direct Drive Type Power Steering

o Dual Pinion Electric Power Steering

o Rack and Pinion Electric Power Steering

Components

o Steering Column

o Motors

o Electric Control Unit

o Steering Gear

o Rack and Pinions Gears

o Torque Sensor

 Contact

 Non-Contact

o Others

By Application

Passenger Vehicles

o Small Cars

o Mid-Size

o Luxury

o Others

Light Commercial Vehicles

Heavy Commercial Vehicles

Others

By Sales Channel

OEM

Aftermarket

By Geography

North America

S

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic CountriesDenmark Finland Iceland Sweden Norway

Benelux UnionBelgium The Netherlands Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast AsiaIndonesia Thailand Malaysia Singapore Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

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Contact Name: Shreyas Tanna

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[arorasurbhi]

Expected Growth, Market Analysis, And Regional Analysis Of Automotive Steering Torque Sensors Market

Due to the rising adoption of cutting-edge technology in order to improve consumer experience and vehicle performance, modern vehicles now feature a variety of sensors. The torque applied by the driver is calculated by torque sensors in the power steering system. The steering pinion is equipped with torque sensors. The automotive steering torque sensor is a very durable digital interface that provides extremely accurate steering torque measurements, improving vehicle operability and safety.

During the projected period, significant demand for electronic power steering in modern automobiles is expected to boost demand for automotive torque sensors. Furthermore, the Automotive Steering Torque Sensors Market is expected to be driven by an increase in demand for premium vehicles and an increase in the adoption of SUVs over the forecast period. Furthermore, the Automotive Steering Torque Sensors Market is predicted to grow during the forecast period due to rising passenger car production and increased adoption of electric power steering. Furthermore, a surge in the use of electric vehicles as a result of stricter pollution regulations, as well as the integration of cutting-edge technology in electric vehicles, is expected to increase the market over the forecast period.

Read More: https://coherentmarketblogs.blogspot.com/2021/08/automotive-steering-torque-sensors.html

[technotale]

Automotive Steering Torque Sensors Market Share & Growth [2023 New Report] | Size and Share Estimation, Competitors Strategy, Leading Players Update, Forthcoming Developments and Forecast Analysis Report

Automobile steering torque sensors are an essential component in today's vehicles, supplying key information to the vehicle's electronic control unit (ECU) concerning the driver's steering input. The sensor analyses the amount of torque applied to the steering wheel and transmits this information to the ECU, which subsequently modifies the steering system of the car to give a safer and more comfortable driving experience. Here's how automotive steering torque sensors improve vehicle safety and performance.

To begin with, automobile steering torque sensors increase vehicle safety by increasing stability and control. The ECU may change the steering system to provide the proper amount of assistance, making it easier for the driver to control the car, by correctly measuring the driver's steering input. This characteristic is very essential in.

Second, steering torque sensors boost vehicle performance by making steering more sensitive and precise. The sensor detects even little steering inputs, allowing the car to respond fast and correctly to the driver's orders, resulting in a more engaging and delightful driving experience. This is especially crucial in high-performance automobiles, where precision and reactivity are critical to achieve the desired performance.

Finally, steering torque sensors increase fuel efficiency by lowering power consumption in the steering system of the vehicle. The technology may deliver the proper amount of assistance without wasting energy by altering the steering assistance based on the driver's input. This contributes to better fuel efficiency, which is becoming increasingly crucial in today's ecologically conscious world.

Finally, vehicle steering torque sensors are an important component.

Read more @ https://techinforite.blogspot.com/2023/02/automotive-steering-torque-sensors_22.html

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[sandlerresearch]

Torque Sensor Market with COVID-19 Impact Analysis by Type (Rotary Torque Sensors and Reaction Torque Sensors), Application (Automotive, Test & Measurement, Industrial, Aerospace & Defense), Technology, and Geography - Global Forecast to 2026 published on

https://www.sandlerresearch.org/torque-sensor-market-with-covid-19-impact-analysis-by-type-rotary-torque-sensors-and-reaction-torque-sensors-application-automotive-test-measurement-industrial-aerospace-defense-technolog.html

Torque Sensor Market with COVID-19 Impact Analysis by Type (Rotary Torque Sensors and Reaction Torque Sensors), Application (Automotive, Test & Measurement, Industrial, Aerospace & Defense), Technology, and Geography - Global Forecast to 2026

“The torque sensor market is projected to grow at a CAGR of 5.7% during 2021–2026”

The torque sensor market is expected to grow from USD 6.8 billion in 2021 and is projected to reach USD 9.0 billion by 2026; it is expected to grow at a CAGR of 5.7% during the forecast period. Increasing application of torque sensors for electric power steering (EPS) systems is one of the primary factors for the installation of torque sensors in automotive applications. Torque sensors also being increasing used for technological applications such as engine and transmission testing, turbine testing, pump testing, and power measurement within propulsion systems. The increase in the number of high-performance vehicles is also contributing to the demand for torque sensors for engine calibrations, safety, and transmission.

“Market for rotary torque sensors to grow at higher CAGR during forecast period”

The rotary torque sensors find a wide range of applications, such as in automobile engine testing, drivetrain measurement, dynamometer testing, electric motor testing, and gearbox testing. Hence, the market for rotary torque sensors is expected to register a higher CAGR as the increasing trend of improving fuel economy, efficiency, and electrification is expected to increase their demand during the forecast period.

“Market for torque sensor based on strain gauge to grow at highest CAGR during forecast period”

Signals produced by strain gauge torque sensors are compatible with a wide range of instruments, such as digital displays and analog and digital amplifiers. Besides, they are cost-effective compared to other torque sensors. Hence, the strain gauge torque sensors segment is expected to grow at the highest CAGR during the forecast period as improvements in modern strain gauge torque sensors are allowing for high precision measurements.

“Market for automotive application to grow at highest CAGR during forecast period”

Most automobile manufacturers use torque sensors for calibrating automatic transmissions and mapping engine torque. They are used for testing clutches and gearboxes, as well as measuring strain and determining the dynamic torque within an engine. Rotary torque sensors are used for strain measurement, testing of major components, including clutch and gearboxes, and dynamic torque within the engine. Stringent emission regulations, changing buyer preference, and electrification technology are expected to have a large impact on the demand and use of torque sensors for automotive applications which is contributing to the higher growth in this application.

“Market in APAC to grow at highest CAGR during the forecast period”

APAC is expected to account for the highest growth of the torque sensor market for various types of torque sensors throughout the forecast period. China is the largest vehicle manufacturer in the world. Japan and South Korea are also the major exporters of motor vehicles globally. Due to large-scale manufacturing and significant investments in new vehicle technologies, the automotive industry is expected to play a vital role in the growth of the torque sensor market in the region. APAC is also expected to be the largest market for industrial applications. The growing need for energy production and large-scale manufacturing of various types of goods for export are facilitating the market for torque sensors.

Market in APAC is expected to recover in 2021, with China being the first country to show signs of recovery in the region, especially in the automotive industry. Various automobile suppliers throughout China have now resumed production, slowly recovering from the disruptions caused in the supply chain as a result of the pandemic. The government is also continuing to focus on the development of electric vehicles. The automotive industry in Japan is facing significant disruptions as a result of the pandemic. However, Japanese automakers are continuing to spend on research and development, especially in electrification technology. Like China, South Korea is also witnessing recovery in the automotive industry. Although vehicle export from South Korea is currently facing headwinds, the domestic market is witnessing healthy growth. Most domestic car manufacturers in South Korea have announced an increase in domestic sales at the end of 2020. Availability of incentives on electric vehicles and research and testing on new vehicle modes is facilitating market recovery.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the torque sensor market space. The break-up of primary participants for the report has been shown below:

By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%

By Designation: C-level Executives – 40%, Directors – 40%, and Others – 20%

By Region: North America –40%, APAC– 30%, Europe – 20%, and RoW – 10%

The report profiles key players in the torque sensor market with their respective market ranking analysis. Prominent players profiled in this report are ABB (Switzerland), Crane Electronics (UK), FUTEK Advanced Sensor Technology (US), HBM (Germany), Applied Measurements (UK), Honeywell (US), Kistler Holding (Switzerland), Sensor Technology (UK), Norbar Torque Too (UK), Infineon Technologies (Germany), Teledyne Technologies (US), Datum Electronics (UK), MagCanica (US), Interface (US), AIMCO (US), TE Connectivity (Switzerland), Mountz (US), PCB Piezotronics (US), S. Himmelstein & Company (US), Transense Technologies (UK), KONUX (Germany), Monad Electronics (India), Robotiq (Canada), HITEC Sensor Solutions (US), and Bota Systems (Switzerland).

Research Coverage:

This research report categorizes the torque sensor market on the basis of type, technology, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the torque sensor market and forecasts the same till 2026 (including analysis of COVID-19 impact on the market). Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the torque sensor ecosystem.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:

This report segments the torque sensor market comprehensively and provides the closest market size projection for all sub segments across different regions.

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.

This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.

The analysis of the top 25 companies, based on the strength of the market rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.

[wenickjones]

Traction Control System Market is Booming Worldwide, Latest Study Reveal for the forecast 2021 – 2025

The Global Traction Control System Market 2021-2025 Report provides an in-depth analysis on the studied market that helps to seem at the longer term requirement also as prediction. The traction control system market Report evaluates the market by key market players, opportunities, value, trends, growth, market share, market competition landscape, recent developments and sales volume analysis. Additionally, it magnifies the chance for decision-making and helps create an efficient counter-strategy to realize a competitive advantage. The report provides up-to-date review of the present global market scenario, the newest developments and drivers, and therefore the overall market environment is given within the study.

Free Sample Report + All Related Graphs & Charts @   https://www.factomarketinsights.com/sample/281

It provides the impact and recovery of Covid-19 pandemic on the traction control system market. Relevant statistical data is additionally provided within the report back to recognize the challenges caused by the outbreak of Covid-19 and methods to cope up with the present scenario.

In addition to the present, the report also covers the section of competitive landscape of the worldwide market, which incorporates the market share & positioning of all the leading players within the industry. The competitive landscape analysis provides in-depth analysis of the company’s business and performance including company overview, recent investments by top players, financial information of market players, business strategy, revenue breakup by segment and by geography, SWOT Analysis, key product offering, marketing and distribution strategies, new development. a neighborhood of recent news & development has been added to the report which covers the newest information that are related with the market covering the acquisition, expansion, technology development, research & development activities, and other market activities.

Obtain Report Details @

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The Following are the Key Features of Global Traction Control System Market Report:

Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis

Growth Drivers and Barriers, Market Trends & Market Opportunities

Porter’s Five Forces Analysis & Trade Analysis

Market Forecast Analysis for 2021-2025

Market Segments by Geographies and Countries

Market Segment Trend and Forecast

Market Analysis and Recommendations

Price Analysis

Key Market Driving Factors

Traction Control System Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.

Global Traction Control System Market Segmentation Analysis:

By Type • Mechanical Linkage • Electric Linkage

By Installation • Home • Commercial

By Component • Hydraulic Modulators • ECU • Sensors o Wheel Speed Sensor o Steering Angle Sensor o Acceleration Sensor o Yaw Rate Sensor o Throttle position Sensor o Brake pedal position sensor o Torque Angle Sensor

By Vehicle Type • ICE Vehicles o Passenger Cars o Commercial Vehicles • Electric Vehicles o BEV o HEV o PHEV

Regional Insights:

The report analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the regions are fragmented into the country and regional groupings:

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)

- Latin America (Brazil, Mexico, and Rest of Latin America)

- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)

Reasons to purchase the report:

Identify possible investment areas supported a comprehensive analysis of the worldwide traction control system market over subsequent few years.

Gain in-depth knowledge of the underlying factors that drive demand for traction control system market and recognize the opportunities provided by them.

Strengthen the business knowledge in terms of industry dynamics, demand drivers, and therefore the latest technological advances among others.

Identify the main channels that drive the demand for traction control system market, offering a robust image of potential prospects which will be tapped, leading to growth in revenue.

Channelize funds by concentrating on the continued initiatives pursued by the various countries within the global traction control system market.

Competitive Analysis:

The key players of the market are listed during this section of the study. It helps to know the tactics and alliances that players consider fighting market rivalry. An important microscopic check out the market is given within the detailed study. The major players operating in the Global traction control system market are

Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv, Inc. (Sweden), Nissin Kogyo Co. Ltd. (Japan), WABCO (Belgium), ZF TRW (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (U.S.), and ADVICS Co., Ltd (Japan).

Interested to Procure The Data? Inquire here at @

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Our in-house research experts have a wealth of knowledge in their respective domains. With Facto Market Research, you always have the choice of getting customized report free of cost (upto 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.

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[waaaiz]

Military Sensor Market Research ReportMilitary Sensor Market Research Report

As per the GMI Research's latest analysis, Global Military Sensor Market reveals that the market is slated to register a significant CAGR over the forecast period. This is attributed to the high adoption of UAVs in modern warfare, the rapid modernization and advancement in micro-electromechanical systems (MEMS), and the rising need for battlespace awareness among defense forces.

Request a FREE sample of this report

Military Sensor Market’s leading Manufacturers:

·        Honeywell International Inc.

·        Lockheed Martin Corporation

·        TE Connectivity Ltd.

·        Kongsberg Gruppen

·        Raytheon Company

·        Thales Group

·        Ultra Electronics Holdings

·        General Electric Company

·        Esterline Technologies Corporation

·        BAE Systems PLC

Military Sensor Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The high adoption of UAVs in modern warfare, the rapid modernization and advancement in micro-electromechanical systems (MEMS), and the rising need for battlespace awareness among defense forces are the prominent factors responsible for the growth of the military sensor market. The high adoption of MEMS-based devices is developing micro gyros for positioning and navigations, micromirrors for steering laser beams, and microbolometers for infrared imaging. MEMS fabrication techniques allow engineers to reduce mechanical components and coordinated them with microelectronics, thus empowering modern capabilities and upgrading execution. Furthermore, the high demand for new generation missile and air defense systems and the increasing incorporation of anti-jamming specifications with navigation systems are some other factors stimulating the market growth in the upcoming years. However, the factors hampering the growth of the market include decreasing defense budgets of several North American and European economies and limited accuracy and operation complexities regarding MEMS navigations sensors.

Component Segment Drivers

On the basis of the component, the software segment is projected to increase at a faster CAGR over the coming years due to the high demand for real-time processing and analyzing data via machine learning (ML) and artificial intelligence (AI). These software technologies aid military sensors to distinguish between two objects.

Range Segment Drivers

Based on the range, the <50 km segment is predicted to rise at a higher CAGR in the coming years due to the strong demand for military sensors from economies like China, India, and the US, as they derive procuring military aircraft.

Military Sensor Market Segmentation:

Segmentation by Component:

·        Hardware

o    Sensors

§   Radars

§   Infrared Cameras

§   Laser Rangefinders

§   Laser Target Designators

§   Seismic Sensors

§   Acoustic Sensors

§   Magnetic Sensors

§   Sonars

§   Lidar

§   Pressure Sensors

§   Temperature Sensors

§   Torque Sensors

§   Speed- Sensor

§   Position Or Displacement Sensors

§   Accelerometers

§   Gyroscopes

§   Gps Sensor

§   Pitot Probes

§   Proximity Sensors

§   Smoke Detectors

§   Particle Sensors

§   Gas Sensors

§   Others

o    Storage

o    Processors

o    Networks

·        Software

o    Data Fusion

o    Data Processing

·        Cybersecurity Solutions

Segmentation by Platform:

·        Airborne

o    Fighter Aircraft

o    Helicopters

o    Combat Support Aircraft

o    Unmanned Aerial Vehicles

·        Land

o    Armored Ground Vehicles

o    Combat Support Vehicles

o    Unmanned Ground Vehicles (UGVS

o    Operating Bases

o    Soldiers

·        Naval

o    Combat Ships

o    Combat Support Ships

o    Submarines

o    Unmanned Marine Vehicles (UMVS)

·        Space

·        Munitions

o    Rockets & Missiles

o    Guided Ammunition

o    Torpedoes

o   Artillery Systems

Segmentation by Application:

·        Intelligence & Reconnaissance

·        Communication & Navigation

·        Combat Operations

·        Electronic Warfare

·        Target Recognition

·        Command & Control

·        Surveillance & Monitoring

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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[chaitalimah]

Torque Sensor Market To Attain USD 12.69 Billion

Market Research Future (MRFR), in its recently published research report, asserts that the global torque sensor market is likely to secure a substantial market valuation from USD 8.25 billion in 2017 to reach USD 12.69 billion by 2023 at healthy 7.82% CAGR in the review period.

Drivers and Restraints

The torque sensor industry developments are the increasing awareness of the value of torque calculation in different fields, such as hybrid and electric car engines and medical prosthetics, which have used torque sensors in their operations. The global torque sensor market for torque sensors is primed to gain from several potential applications, which are projected to be the vital force behind their production.

Segmental Analysis

Based on the type, the torque sensors market is bifurcated into the rotary torque sensor and reaction torque sensor. The rotary torque sensor is further segmented into contact-based sensing and noncontact-based sensing.

On the basis of the technology, the torque sensors market is segmented into surface acoustic wave (SAW), magnetoelastic, optical, and strain gauge.

Based on the application, the torque sensors market is segmented into automotive, industrial, test & measurement, aerospace & defense, and others. The automotive sector is the dominant application segment to the market growth driven by the penetration of electric billion steerings (EPAS) systems in automobiles, and torque sensors are witnessing high demand over the review period.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7052

Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa. 

Competitive Analysis

The major market players operating in the global torque sensors market as identified by MRFR are Applied Measurements (UK), Infineon Technologies (Germany), ABB (Switzerland), Honeywell International (US), Crane Electronics (UK), Kistler Holding (Switzerland), Sensor Technology (UK), Hottinger Baldwin Messtechnik (Germany), Norbar Torque Tools (UK), and FUTEK Advanced Sensor Technology (US). These players contribute a significant share in the growth of the Torque Sensor market.

If you have any requirements, let know and we will customize the report according to your need.

FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/torque-sensor-market-7052

TABLE OF CONTENTS:

1.      MARKET INTRODUCTION

2.      RESEARCH METHODOLOGY

3.      MARKET DYNAMICS

4.      EXECUTIVE SUMMARY

5.      MARKET FACTOR ANALYSIS

6.      TORQUE SENSORSS MARKET, BY SEGMENTS

7.      COMPETITIVE ANALYSIS

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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[blogwiseguy123world]

Global Automotive Torque Sensor Market Industry Analysis, Size, Share and Growth Trends 2017-2021

Summary – A new market study, titled "Global Automotive Torque Sensor Market 2017-202" has been featured on WiseGuyReports.

About Automotive Torque Sensor

A sensor picks up stimulus changes in its immediate environment and updates the system electronically. Sensors are engineered to detect chemical, physical, and process changes. A torque sensor or a torque transducer measures the torque acting upon a rotating system or mechanism in machinery, such as an engine, crankshaft, gearbox, transmission, steering, and others. Torque sensors can measure all the components of torque system acting along the six axes of the rotating systems of a vehicle.

Also read – https://dailydispatcher.com/news/automotive-torque-sensor-market-2020-global-share-trend-segmentation-analysis-and-forecast-to-2026/253651

Technavio’s analysts forecast the global automotive torque sensor market to grow at a CAGR of 3.90% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive torque sensor market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Technavio's report, Global Automotive Torque Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Bosch

• DENSO

• HBM Test and Measurement

• Honeywell Sensing and Control

• TE Connectivity

Other prominent vendors

• AVL List

• Bourns

• FUTEK Advanced Sensor Technology

• Infineon Technologies

• Kistler Group

• Stoneridge

• Valeo

Market driver

• Increasing demand for high-performance vehicles

• For a full, detailed list, view our report

Market challenge

• Huge capital investment

• For a full, detailed list, view our report

Market trend

• New and innovative torque sensors

• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

For more details - https://www.wiseguyreports.com/reports/2657406-global-automotive-torque-sensor-market-2017-2021

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