#Global Electric Vehicle Wheel Speed Sensor Market Growth
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Global Electric Vehicle Wheel Speed Sensor Market Trends and Future Analysis Report 2024 - 2031
The global electric vehicle (EV) wheel speed sensor market is rapidly evolving, driven by the increasing adoption of electric vehicles and advancements in automotive technology. Wheel speed sensors play a crucial role in enhancing vehicle safety, performance, and efficiency. This article explores the key dynamics, trends, challenges, and future outlook of this burgeoning market.
Overview of Wheel Speed Sensors
The global electric vehicle wheel speed sensor market is set for significant growth, propelled by the increasing adoption of electric vehicles and advancements in sensor technology. While challenges such as high development costs and market competition exis
Wheel speed sensors are critical components in electric vehicles, providing real-time data on wheel rotation speed. This information is vital for various systems, including anti-lock braking systems (ABS), traction control, and stability control, ensuring optimal vehicle performance and safety.
Types of Wheel Speed Sensors
Magnetic Sensors
These sensors utilize magnetic fields to detect wheel speed. They are known for their durability and accuracy, making them widely used in the automotive industry.
Optical Sensors
Optical sensors rely on light reflection to measure wheel speed. They offer high precision but can be affected by environmental factors like dirt and moisture.
Hall Effect Sensors
Hall effect sensors generate an output voltage in response to changes in magnetic fields, providing reliable wheel speed data. They are increasingly popular in modern electric vehicles.
Applications
Anti-lock Braking Systems (ABS)
Traction Control Systems (TCS)
Electronic Stability Control (ESC)
Adaptive Cruise Control (ACC)
Market Dynamics
Key Drivers
Rising Electric Vehicle Adoption
The global shift toward electric vehicles, driven by government initiatives and consumer preferences for sustainable transportation, is fueling the demand for wheel speed sensors.
Technological Advancements
Innovations in sensor technology, including miniaturization and improved accuracy, are enhancing the performance of wheel speed sensors.
Increasing Focus on Vehicle Safety
Growing concerns about road safety and the implementation of stringent safety regulations are driving the integration of advanced sensor systems in vehicles.
Challenges
High Development Costs
The research and development costs associated with advanced sensor technologies can be a barrier for smaller manufacturers.
Market Competition
The wheel speed sensor market is highly competitive, with several established players and new entrants vying for market share.
Regulatory Challenges
Compliance with various international standards and regulations can complicate market entry for new products.
Regional Analysis
North America
North America holds a significant share of the global wheel speed sensor market, primarily due to the presence of major automotive manufacturers and the increasing adoption of electric vehicles. The U.S. is leading in both production and consumption.
Europe
Europe is a key market for wheel speed sensors, driven by stringent safety regulations and a robust automotive industry focused on electric vehicle production. Countries like Germany and France are at the forefront of this trend.
Asia-Pacific
The Asia-Pacific region is experiencing rapid growth in the wheel speed sensor market, fueled by rising electric vehicle production in countries such as China, Japan, and South Korea. Government incentives and initiatives promoting EV adoption are further driving demand.
Latin America and the Middle East & Africa
These regions are gradually emerging as potential markets for wheel speed sensors, with increasing investments in electric vehicle infrastructure and a growing interest in sustainable transportation solutions.
Future Trends
Integration with Advanced Driver-Assistance Systems (ADAS)
The growing trend towards automated driving and ADAS is expected to increase the demand for wheel speed sensors as critical components in these systems.
Enhanced Connectivity
The integration of sensors with IoT technology will facilitate real-time data sharing and predictive maintenance, improving vehicle performance and safety.
Focus on Sustainability
Manufacturers are increasingly prioritizing eco-friendly materials and processes in sensor production to align with global sustainability goals.
Conclusion
The global electric vehicle wheel speed sensor market is set for significant growth, propelled by the increasing adoption of electric vehicles and advancements in sensor technology. While challenges such as high development costs and market competition exist, the future looks promising with the integration of advanced systems and a focus on sustainability. As the automotive industry continues to evolve, wheel speed sensors will play a crucial role in enhancing vehicle safety, performance, and efficiency.
#Global Electric Vehicle Wheel Speed Sensor Market Size#Global Electric Vehicle Wheel Speed Sensor Market Trend#Global Electric Vehicle Wheel Speed Sensor Market Growth
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"Smart Cars Need Smart Sensors: The Evolution of Automotive Technology"
Market Overview and Report Coverage
The automotive sensor market for Original Equipment Manufacturers (OEM) is experiencing significant growth due to the increasing demand for advanced vehicle safety systems, emission controls, and enhanced driving experiences. Automotive sensors are critical components that monitor and control various aspects of a vehicle's performance, including engine functions, safety features, and environmental impact. The rise of electric vehicles (EVs), autonomous driving technologies, and stringent emission regulations are key factors driving the expansion of this market.
According to Infinium Global Research, the global automotive sensor market for OEMs is expected to witness robust growth from 2023 to 2030. The ongoing advancements in sensor technology, including miniaturization, improved accuracy, and integration with artificial intelligence, are further accelerating the adoption of automotive sensors in modern vehicles. Additionally, the increasing focus on connected cars and the integration of Internet of Things (IoT) technologies is propelling market growth.
Market Segmentation
By Type:
Pressure Sensors: These sensors are used to monitor various pressure levels in the vehicle, including tire pressure, fuel pressure, and oil pressure. The demand for pressure sensors is growing due to their critical role in ensuring vehicle safety and performance.
Temperature Sensors: Temperature sensors monitor engine temperature, exhaust gas temperature, and other critical temperatures within the vehicle. They are essential for optimizing engine performance and reducing emissions.
Position Sensors: Position sensors include throttle position sensors, camshaft position sensors, and crankshaft position sensors. These sensors provide vital data for engine control and are crucial for the smooth operation of the vehicle.
Oxygen Sensors: Oxygen sensors play a key role in controlling the air-fuel mixture in the engine, optimizing fuel efficiency, and reducing emissions. The increasing emphasis on emission control standards is driving the demand for these sensors.
Speed Sensors: Speed sensors are used to monitor the speed of the vehicle's wheels, transmission, and engine. They are critical components for anti-lock braking systems (ABS), traction control systems, and electronic stability control systems.
Other Sensors: This category includes various other sensors, such as rain sensors, light sensors, and occupancy sensors, which enhance the comfort, convenience, and safety of the vehicle.
By Application:
Powertrain: Automotive sensors in the powertrain are essential for monitoring and controlling the engine, transmission, and exhaust systems. They help improve fuel efficiency, reduce emissions, and enhance overall vehicle performance.
Safety and Security: Sensors used in safety and security applications include those for airbags, seat belts, collision detection, and lane departure warning systems. The growing emphasis on vehicle safety standards is driving the demand for these sensors.
Body Electronics: Sensors in body electronics are used for climate control, lighting, infotainment systems, and other convenience features. The increasing consumer demand for enhanced in-car experiences is boosting the adoption of these sensors.
Chassis: Sensors in the chassis are used for braking systems, suspension control, and steering systems. They play a crucial role in ensuring vehicle stability and handling, especially in advanced driver-assistance systems (ADAS).
Telematics and Infotainment: Sensors in telematics and infotainment systems enable connected car features, such as GPS navigation, vehicle tracking, and entertainment systems. The growing trend towards connected and autonomous vehicles is driving the adoption of these sensors.
Sample pages of Report: https://www.infiniumglobalresearch.com/form/1059?name=Sample
Regional Analysis:
North America: The North American market, led by the United States, is expected to maintain a strong position in the global automotive sensor market. The region’s focus on innovation, safety standards, and the development of autonomous vehicles is driving market growth.
Europe: Europe is a mature market for automotive sensors, with countries like Germany, France, and the UK leading the adoption of advanced sensor technologies. The region's stringent emission regulations and focus on automotive safety are key growth drivers.
Asia-Pacific: The Asia-Pacific region is anticipated to experience the fastest growth, driven by the rapid expansion of the automotive industry in countries like China, Japan, and India. The increasing demand for electric vehicles and the growing focus on vehicle safety are contributing to market growth.
Latin America and Middle East & Africa: These regions are also expected to witness significant growth, fueled by rising automotive production, increasing disposable incomes, and a growing focus on vehicle safety and emission standards.
Emerging Trends in the Automotive Sensor Market (OEM)
Several key trends are shaping the future of the automotive sensor market. The integration of sensors with artificial intelligence and machine learning is enabling predictive maintenance and enhancing the capabilities of advanced driver-assistance systems (ADAS). The shift towards electric and autonomous vehicles is driving the development of new sensor technologies, including LiDAR, radar, and ultrasonic sensors. Additionally, the increasing demand for connected cars is leading to the integration of IoT technologies, enabling real-time data collection and analysis for improved vehicle performance and safety.
Major Market Players
Bosch: A global leader in automotive sensor technology, Bosch offers a wide range of sensors for various applications, including powertrain, safety, and ADAS. The company’s strong focus on innovation and quality has helped it maintain a leading position in the market.
Continental AG: Continental is another key player in the automotive sensor market, known for its advanced sensor solutions for safety, powertrain, and body electronics. The company is heavily invested in developing sensors for autonomous and electric vehicles.
Denso Corporation: Denso, a leading automotive supplier, provides a variety of sensors used in powertrain, safety, and body electronics applications. The company’s commitment to developing environmentally friendly and energy-efficient technologies is driving its growth in the market.
Sensata Technologies: Sensata specializes in developing sensors for safety, powertrain, and chassis applications. The company’s focus on reliability and performance has made it a preferred choice for OEMs around the world.
Aptiv PLC: Aptiv is known for its advanced automotive sensors and systems, particularly in the areas of safety and connectivity. The company is at the forefront of developing sensor technologies for connected and autonomous vehicles.
Report Overview : https://www.infiniumglobalresearch.com/market-reports/global-automotive-sensor-market-oem
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Polypropylene Film for Capacitors, The Top 18 Largest Companies in World Ranked by Revenue in 2023 (2023)
Polypropylene Film for Capacitors Market Summary
Polypropylene film is the core material of the capacitor, which is made of polypropylene resin by casting, blow molding or biaxial stretching. Polypropylene film has good physical stability, mechanical strength, air tightness, high transparency and gloss, and is tough and wear-resistant. It is currently the most widely used capacitor film.
Polypropylene Film Production Process:
Thick film production: resin is melted and extruded at 170-210 ° C, and flows out from the circular rotating head through the filter to the inner cooling jacket, and is cooled to obtain a thick tube film.
Vertical and horizontal stretching: the tube film is preheated to the stretching temperature by infrared rays, and under the action of compressed air and clamping wheels with different speeds before and after, the tube film is stretched in both vertical and horizontal directions at the same time.
Trimming and winding: After cooling, the cylinder is divided into two layers of membranes, and then rewound after heat treatment.
According to the new market research report "Global Polypropylene Film for Capacitors Market Report 2024-2030", published by QYResearch, the global Polypropylene Film for Capacitors market size is projected to grow from USD 2026 million in 2023 to USD 3478 million by 2030, at a CAGR of 8.6% during the forecast period.
Figure. Global Polypropylene Film for Capacitors Market Size (US$ Million), 2019-2030
Figure. Global Polypropylene Film for Capacitors Top 18 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
According to QYResearch Top Players Research Center, the global key manufacturers of Polypropylene Film for Capacitors include Toray Industries, Hebei Haiwei Group, Jindal Films, Zhejiang Great Southeast, Quanzhou Jiadeli Electronic, Anhui Tongfeng Electronics, Hubei Longchen Technical, Oji F-Tex, Aerospace CH UAV, Foshan Plastics Group, etc. In 2023, the global top 10 players had a share approximately 79.0% in terms of revenue.
Figure. Polypropylene Film for Capacitors, Global Market Size, Split by Product Segment
In terms of product type, 3-8μm Film is the largest segment, hold a share of 71%. Films in this range are mainly used in PV & Wind Power, home appliances, medical equipment, industrial equipment, LED lights and other consumer electronics. ≤5μm is also available for NEV.
Figure. Polypropylene Film for Capacitors, Global Market Size, Split by Application Segment
In terms of product application, Automotive is the largest application, hold a share of 38% in 2023. The main applications of film capacitors in the field of new energy vehicles are: new energy vehicle electric drives, OBCs and charging piles. The drive inverter is one of the most important components in the electric vehicle power system. Power modules, sensors, and film capacitors are the most critical equipment. The growth of new energy vehicles will drive up the demand for film capacitors/raw material films.
Figure. Polypropylene Film for Capacitors, Global Market Size, Split by Region
Market Drivers:
1. Support from national policies: For example, in China, Benefit from China’s emphasis on new energy, the market has grown rapidly. And considering the long-term impact of "peak carbon dioxide emissions" and "carbon neutrality" policies, the business cycle of the capacitor film industry will be extended, and it is expected to show a slow upward trend in the future.
2. Downstream market demand: The development and growth of the capacitor film market is driven by many driving factors, especially in the fields of new energy vehicles, electronics, energy storage systems and 5G.
Restraint:
1. Market competition intensifies:
The polyester film industry is highly competitive, with continued growth in market capacity and an increasing number of large-scale production companies. As the production scale of polyester film companies continues to expand, market competition in the global polyester film industry has further intensified. In this competitive environment, the gross profit margin of some companies' products may decline.
2. High technical barriers in high-end industries:
Among the companies capable of producing BOPP ultra-thin capacitor films, due to factors such as high technical thresholds, large R&D investment, and multiple product functions, there are relatively few companies that can produce ultra-thin films. But on the contrary, it has a strong competitive advantage in market segments.
Trend:
1. Improved product performance: mainly reflected in film thickness (ultra-thin), corrosion resistance, high temperature resistance, and high-pressure resistance. And it can meet the mechanical and electrical performance requirements of different application scenarios.
Ultra-thin Film: In the field of new energy vehicles, ultra-thin capacitor films can accommodate more energy storage materials, increase the energy density of batteries or capacitors, increase vehicle cruising range, and meet users' needs for long-distance driving. And ultra-thin films can also reduce capacitor weight and control costs.
High temperature resistance: New energy vehicle batteries will generate heat during operation. The high temperature resistant film can cycle stably in this environment, avoiding performance degradation in high temperature environments and maintaining long-term use. High-temperature resistant film capacitors are the key to ensuring the stable, safe and long-term operation of NEV batteries under complex working conditions and promoting the reliability and popularity of electric vehicles.
2. Market size and downstream demand growth: The rapid development of downstream new energy vehicles, photovoltaics, UHV and other fields will further drive demand in the electronic components/electronic component materials industry. For example, the "New Energy Vehicle Industry Development Plan (2021-2035)" issued by the Chinese government proposes that by 2025, China's new energy vehicle sales will account for more than 20% of new automobile sales, and by 2035, new energy vehicle sales will account for more than 20% of new automobile sales. New car sales are mainstream. In the future, the market capacity of PP films for new energy vehicle capacitors is expected to exceed 10 times, and the film thickness is mainly concentrated at 2.0-2.9 microns.
About The Authors
Jiashi Dong
Lead Author
Email: [email protected]
QYResearch Nanning Branch Analyst, as a member of the QYResearch Semiconductor Equipment and Materials Department, his main research areas include automotive electronics, semiconductor equipment, materials and thermally conductive powders. Some subdivided research topics include automotive diodes, automotive inductors, automotive lidar, radio frequency power supplies, plastic sealing machines, high-purity non-ferrous metals, battery materials, precursors, electroplating equipment, thermal conductive ball aluminum, semiconductor chemical plating solutions, semiconductor coating devices, etc. At the same time, he is also engaged in the development of market segment reports and participates in the writing of customized projects.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Car Wheel Speed Sensor Market Is Likely to Experience a Tremendous Growth in Near Future
Wheel speed sensors also are known as wheel sensors they detect the speed of the wheels and supply the information to the ABS or ESP control unit in the form of an electrical signal. The latest wheel sensors are also able to sense the direction of spin of the wheels. The sensor measures road-wheel speed as well as direction. The information is used for anti-lock brake (ABS), traction control (TCS) or vehicle stability (ASP) system ECUs to avoid wheels from locking or rotating which increases the driver’s control of the vehicle. There are two basic types of wheel speed sensors, passive and active.
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Latest released the research study on Global Car Wheel Speed Sensor Market, offers a detailed overview of the factors influencing the global business scope. Car Wheel Speed Sensor Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Car Wheel Speed Sensor The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Robert Bosch GmbH (Germany), Hella KGaA Hueck & Co. (Germany), Continental AG (Germany), Hyundai Mobis (South Korea), ZF TRW Automotive Holdings Corp (United States), Aisin Seiki (Japan), Delphi Technologies (United Kingdom), WABCO Vehicle Control Systems (Belgium), Knorr-Bremse (Germany), Mando Hella Electronics Automotive India Pvt Ltd (India), Hitachi Metals, Ltd (Japan), NTN-SNR Roulements SA (France)
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Yadea Revolutionizes E-Bike Market with Cutting-Edge Technology & Global Dominance: Ken Research
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Wireless charging, higher speed, longer range, and better batteries is what separates Yadea from the usual 2W.
Yadea: Leading the Global E-Bike Market with 70 Mn Customers
Unparalleled Stability and Control: Yadea's Advanced Mid-Drive Motor Technology
Elevating the Riding Experience: Yadea's Multi-Sensor Fusion Technology
The INNOVATOR: Yadea's Stylish and High-Performance E-Bike Model
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Emerging Companies Global E-Bike Industry
China based E-Bike manufacturer Yadea is all about sustainability & new world EVs. Introduced in 2001, the company has come a long way in supporting the global journey towards greener travel solutions.
A global leader in developing and manufacturing two-wheeled electric vehicles, from motorcycles and mopeds to bicycles and kick scooters, the company is now exploring the next stage of growth in electric mobility with consumers experiencing a revolution with electric two-wheelers that run faster, longer, and can charge wirelessly, among many other groundbreaking features.
2. What are the current innovations & developments?
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The company also marked its presence at CES in Las Vegas on January 5th. Showcasing a range of ebike models with high-performance motors and an impressive five-year warranty, the company's six years of expertise in the industry is evident. With mature smart sensor motor technology, Yadea ensures a seamless and powerful gear-shifting experience for riders.
Expanding its reach, the EV giant also plans to penetrate major US stores, launch an exclusive online ebike platform, and provide professional maintenance services and convenient door-to-door support.
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With a clear vision for the future, Yadea is set to redefine the e-bike industry through groundbreaking motor technology innovations. The company's unwavering commitment to research and development of high-speed motors is poised to revolutionize the way we perceive e-bikes.
By pushing the boundaries of motor technology, Yadea aims to deliver highly efficient and powerful e-bikes that surpass all expectations. Fueling this mission, As per our opinion at Ken Research, Yadea will invest in cutting-edge facilities, forge strategic collaborations with industry experts, and foster a culture of innovation and continuous improvement.
The company has already sold products to 60 million users in over 100 countries and regions and has a network of 40,000+ retaile
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Automotive Electronics Market Witness High Demand During by 2032
Automotive electronics refers to the electronic systems and components used in vehicles to control various functions and provide enhanced safety, comfort, and entertainment features. Over the years, automotive electronics have become increasingly important and prevalent in modern vehicles, contributing to their overall performance, efficiency, and functionality.
Here are some key aspects and components of automotive electronics:
Engine Control Unit (ECU): The ECU is a central component that manages the engine's operation, including fuel injection, ignition timing, and emissions control. It gathers information from various sensors throughout the engine and adjusts the engine parameters accordingly.
Powertrain Control Module (PCM): The PCM controls and monitors the powertrain system, which includes the engine, transmission, and drivetrain. It ensures optimal performance, fuel efficiency, and emission control by adjusting parameters based on sensor inputs.
Anti-lock Braking System (ABS): ABS is a safety system that prevents wheel lockup during braking, allowing the driver to maintain steering control. It uses wheel speed sensors to detect wheel rotation and modulates brake pressure at individual wheels to prevent skidding.
Electronic Stability Control (ESC): ESC helps maintain vehicle stability during cornering and slippery conditions. It uses sensors to detect the vehicle's behavior and applies selective braking to individual wheels to prevent oversteer or understeer.
Advanced Driver Assistance Systems (ADAS): ADAS technologies include various electronic systems that assist drivers in avoiding collisions, improving safety, and enhancing convenience. Examples include adaptive cruise control, lane departure warning, blind-spot detection, and automatic emergency braking.
Infotainment Systems: These systems provide entertainment, communication, and information services to occupants. They include features such as touchscreens, audio systems, navigation, Bluetooth connectivity, and smartphone integration.
Telematics: Telematics combines telecommunications and informatics to provide features like GPS tracking, vehicle diagnostics, remote vehicle control, and emergency assistance. It enables communication between the vehicle and external networks or services.
Electric Vehicle (EV) Electronics: EVs have specific electronic components for managing the battery pack, electric motors, power distribution, regenerative braking, charging systems, and monitoring energy consumption.
These are just a few examples of the numerous electronic systems and components used in automotive applications. The advancement of automotive electronics has greatly improved vehicle performance, safety, and the overall driving experience.
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Global Automotive Electronics Market: By Company • OMRON Corporation • Robert Bosch • Infineon • HGM Automotive Electronics • Hitachi • Delta Electronics • Atotech Deutschland • ZF TRW Global Automotive Electronics Market: By Type • Advanced Driver Assistance Systems (ADAS) • Body Electronics • Entertainment • Powertrain • Safety Systems Global Automotive Electronics Market: By Application • Commercial Vehicles • Passenger Vehicles Global Automotive Electronics Market: Regional Analysis All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Electronics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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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.
#AutomotiveElectricPowerSteeringMarket#PowerSteeringMarket#Automotive#inkwood#Marketresearch#inkwoodresearch#researchmarket
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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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SUV Speed Sensor Market Overview and Future Opportunities Study 2024 - 2032
The SUV speed sensor market is an essential segment of the automotive industry, playing a critical role in ensuring vehicle safety, performance, and efficiency. This article provides a comprehensive overview of the SUV speed sensor market, including its key drivers, challenges, regional insights, and future trends.
The SUV speed sensor market is an evolving sector that reflects broader trends in automotive safety, technology, and consumer preferences. As the demand for SUVs continues to rise, coupled with increasing regulatory pressures for enhanced safety features, the importance of reliable speed sensors will grow.
Understanding SUV Speed Sensors
What are Speed Sensors?
Speed sensors are electronic devices that measure the rotational speed of a vehicle’s wheels or engine. In SUVs, these sensors are crucial for monitoring speed, providing input for various systems such as anti-lock braking systems (ABS), electronic stability control (ESC), and engine management systems.
Importance in SUVs
In SUVs, speed sensors contribute significantly to vehicle performance, safety, and efficiency. They ensure accurate speed readings, enabling systems that enhance stability and control. As SUVs become more popular and technologically advanced, the demand for reliable speed sensors is increasing.
Market Trends
Growth Drivers
Rising SUV Sales The global increase in SUV sales is a primary driver for the speed sensor market. Consumers are gravitating towards SUVs for their versatility, space, and performance, leading to a higher demand for advanced sensor technologies.
Technological Advancements Innovations in sensor technology, including improvements in accuracy, reliability, and integration with advanced driver-assistance systems (ADAS), are boosting the market. Modern speed sensors are becoming more sophisticated, supporting features like adaptive cruise control and automatic braking.
Growing Focus on Vehicle Safety With increasing regulatory emphasis on vehicle safety, the adoption of advanced safety features in SUVs is driving demand for high-quality speed sensors. These sensors are integral to safety systems that prevent accidents and improve overall vehicle stability.
Challenges
High Manufacturing Costs The development and production of advanced speed sensors can be expensive, potentially impacting pricing strategies for SUV manufacturers. High costs may limit the adoption of the latest sensor technologies in budget-friendly models.
Competition from Alternative Technologies The speed sensor market faces competition from other technologies, such as GPS-based speed detection systems. Manufacturers need to continuously innovate to maintain their competitive edge.
Regulatory Compliance Compliance with stringent automotive regulations can be complex and costly for speed sensor manufacturers. Adhering to evolving safety and emissions standards is crucial but may pose challenges.
Regional Insights
North America
North America is a significant market for SUV speed sensors, driven by the high demand for SUVs and stringent safety regulations. The presence of major automotive manufacturers and a robust aftermarket also contribute to the growth of this market.
Europe
Europe is another key market for SUV speed sensors, characterized by a strong focus on automotive safety and environmental regulations. The increasing adoption of electric and hybrid SUVs is further boosting demand for advanced sensor technologies.
Asia-Pacific
The Asia-Pacific region is experiencing rapid growth in the SUV speed sensor market, fueled by rising disposable incomes and a growing middle class. Countries like China and India are leading the way in SUV sales, driving demand for advanced speed sensors.
Key Players in the Market
Bosch Bosch is a leading global supplier of automotive technology, including speed sensors. Their advanced sensor solutions are widely used in various SUV models, enhancing performance and safety.
Denso Corporation Denso focuses on developing high-quality automotive components, including speed sensors that meet the demands of modern SUVs. Their commitment to innovation positions them as a key competitor in the market.
Continental AG Continental is known for its comprehensive range of automotive solutions, including advanced speed sensor technologies that enhance vehicle safety and performance.
Future Outlook
The SUV speed sensor market is poised for significant growth, influenced by several key trends:
Increased Integration with ADAS
The integration of speed sensors with advanced driver-assistance systems will continue to drive market growth. As SUVs become equipped with more sophisticated safety features, the demand for reliable and accurate speed sensors will rise.
Advancements in Sensor Technology
Ongoing research and development in sensor technology, including the use of MEMS (Micro-Electro-Mechanical Systems) sensors and improved signal processing algorithms, will enhance the accuracy and reliability of speed measurements.
Growth of Electric SUVs
The rising popularity of electric SUVs presents new opportunities for speed sensor manufacturers. As electric vehicles become more prevalent, the demand for advanced sensor technologies that support energy efficiency and performance will increase.
Conclusion
Stakeholders in this market must remain agile, embracing innovation and adapting to emerging challenges to capitalize on the opportunities ahead. With a focus on performance, safety, and technological advancement, the future of the SUV speed sensor market looks promising.
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Global Automotive Sensor Market dynamics, trends, Market Scope and Market Size Estimation, Forecast to 2029
Global Automotive Sensor Market: was valued at US$ 11.55 Bn. in 2021 and expected to grow at a CAGR of 8.2% during the forecast period (2021-2029). Thanks to the growing trend of passenger vehicle has boosted demand for Global Automotive Sensor Market.
Global Automotive Sensor Market Overview:
The market research study Global Automotive Sensor Market analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. Key actors, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategies, are also examined in the research.
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Global Automotive Sensor Market Dynamic:
Growing demand for electric vehicles, solar-powered vehicles, increasing concern to reduce global emission, increased awareness about safety and regular maintenance of vehicle engines, and development in sensor technology are the main factors driving the growth of the automotive sensor market.
Recently, the “SmartRay”, a leading manufacturer of the 3D sensors has developed a “3D ECCO” sensor, which involoves cutting-edge German technology to solve battery inspection challenges and with the existing “MONTRA BRAND”, 121 years old Murugappa group entering the electric vehicle market. These recent development expected to boost the global automotive sensor industry.
Market Scope:
Using both primary and secondary research approaches, we researched the Global Automotive Sensor Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analyzed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Following the successful completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Top-down and bottom-up procedures, as well as numerous data triangulation methods, were frequently used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.
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Global Automotive Sensor Market Segmentation:
Based on Type Segment, The global Automotive Sensor market is sub-segmented into temperature sensor, pressure sensor, and position sensor. The position segment dominates the global market and it held a share of 62 % in 2021. Position sensors are used to detect the exact movement of an object. There are two types of position sensors i.e. linear and rotary. Higher demand for position seniors is because of its wide range of applications in wheel speed sensing, steering angle sensing, localization for automated driving, seat position, door position, and motor shaft position sensing, etc. Growing demand for electric vehicles and automated equipment are boosting the position sensor segment.
Based on Vehicle Segment, the global Automotive Sensor market is sub-segmented into passenger vehicles and commercial vehicles. The passenger car segment dominates the global market and was valued at US$ 8.2 Bn. in 2021. Increased demand for high-performance cars, growing awareness of the people towards safety, and government initiate to use low emission cars are the factors driving the growth of the automotive sensor market. The commercial vehicle segment is in less demand because of its high cost, high fuel consumption, and emission rate, and high cost of maintenance. These are the factors slowing the growth of the commercial vehicles segment.
Global Automotive Sensor Market Key Players:
• DENSO Corporation • Infineon Technologies AG • Robert Bosch GmbH • Texas Instruments Inc • Sensata Technologies Holding PLC • Aptiv PLC (Delphi Automotive • CTS Corporation • Maxim Integrated Products Inc • NXP Semiconductors NV • Analog Devices Inc • Continental AG • Littelfuse Inc • Elmos Semiconductor Ag • Allegro Microsystems, Llc • Sensata Plc • Delphi Technologies • NXP Semiconductors • Autoliv Inc. • TE Connectivity • Stmicroelectronics • ZF Friedrichshafen • Valeo S.A. • Magna International • On Semiconductor
Primary and secondary research is used to identify industry leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry professionals such as seasoned front-line personnel, CEOs, and marketing personnel. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary data is utilized to determine percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The players highlighted in this report are as follows:
Global Automotive Sensor Market Regional Analysis:
The report covers both qualitative and quantitative data and gives an in-depth look into the Global Automotive Sensor industry area by region. It gives a segment-by-segment overview and forecast of the worldwide Global Automotive Sensor market. It also estimates the market size and forecasts for five major regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area's Global Automotive Sensor market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Global Automotive Sensor Market:
We researched and analyzed the Global Global Automotive Sensor Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global Global Automotive Sensor industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial businesses a strategic analysis of COVID-19's influence. Simultaneously, this study looked into the markets of major countries and highlighted their market potential in post-pandemic scenarios.
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Key Questions Answered in the Global Automotive Sensor Market Report are:
What are the most promising high-growth opportunities in the global Global Automotive Sensor sector, as defined by product category, End User, and Region?
Which Global Automotive Sensor market segments will expand the fastest, and why?
Which regions will have the fastest growth, and why?
What are the primary elements influencing Global Automotive Sensor market dynamics? What are the primary drivers and obstacles in the Global Automotive Sensor market?
What are the Global Automotive Sensor market's weaknesses and threats?
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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.
#Electric Power Steering Market#Electronic Control Unit#Electric Power Steering Market size#Steering Column#Electric Power Steering industry
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Automotive Start-Stop System Market 2022 Global Industry Growth, Segments, Revenue and 2026 Forecast Report
The global automotive start stop systems market size is projected to reach USD 50.88 billion by the end of 2026. The increasing demand for low-fuel consuming and high efficiency products will aid market growth. According to a report published by Fortune Business Insights, titled “Automotive Start-Stop System Market Size, Share, and Global Trend By Component Type (Engine Control Unit, 12V DC Converter, Battery, Neutral Position Sensor, Wheel Speed Sensor, Crankshaft Sensor, and Alternator). By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Geography Forecast till 2026,” the market was worth USD 20.09 billion in 2018 and will exhibit a CAGR of 12.4% during the forecast period, 2019-2026.
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A few of the leading companies that are currently operating in the market include:
Continental AG
Denso Corporation
Delphi Technologies PLC
Robert Bosch GmbH
BorgWarner Inc.
Hitachi Ltd.
Increasing Number of Product Launches Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market. In March 2019, Borg Warner announced the launch of its next generation of cam-torque actuators. The product is set to witness a huge demand in the coming years, owing to exceptional properties as well as massive global consumer reach of the company. Bor Warner’s latest range of actuators will not only help the company grow, but will have a direct impact on the growth of the market in the coming years.
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Europe Currently Dominates the Global Market; Stringent Government Regulations to Aid Growth
The report analyzes the ongoing automotive start-stop systems market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Europe held the largest market share in 2018. The stringent government rules and regulations imposed on the emission of greenhouse gases have had a direct impact on the growth of the market in this region. Besides Europe, the market in Asia Pacific will witness considerable CAGR in the coming years, driven by the massive adoption of automobile and electric vehicles in this region. As of 2018, the market in Asia Pacific was worth USD 6.27 billion and this value is projected to increase further in the coming years.
Industry Developments:
December 2018: Denso Corporation collaborated with Aisin Seiki Co., Ltd. to form a new company. BluE Nexus will aim to develop & sell driving modules for EVs.
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Automotive Start-Stop System Market Segmentation
By Component Type
Engine Control Unit
12V DC Converter
Battery
Neutral Position Sensor
Wheel Speed Sensor
Crankshaft Sensor
Alternator
By Vehicle Type
Passenger Car
Light Commercial Vehicles
Heavy Commercial Vehicles
By Geography
North America (U.S., Canada, Mexico)
Europe (U.K., Germany, France, and Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
Rest of the World
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Car Wheel Speed Sensor Market Is Likely to Experience a Tremendous Growth in Near Future
Wheel speed sensors also are known as wheel sensors they detect the speed of the wheels and supply the information to the ABS or ESP control unit in the form of an electrical signal. The latest wheel sensors are also able to sense the direction of spin of the wheels. The sensor measures road-wheel speed as well as direction. The information is used for anti-lock brake (ABS), traction control (TCS) or vehicle stability (ASP) system ECUs to avoid wheels from locking or rotating which increases the driver’s control of the vehicle. There are two basic types of wheel speed sensors, passive and active.
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Latest released the research study on Global Car Wheel Speed Sensor Market, offers a detailed overview of the factors influencing the global business scope. Car Wheel Speed Sensor Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Car Wheel Speed Sensor The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Robert Bosch GmbH (Germany), Hella KGaA Hueck & Co. (Germany), Continental AG (Germany), Hyundai Mobis (South Korea), ZF TRW Automotive Holdings Corp (United States), Aisin Seiki (Japan), Delphi Technologies (United Kingdom), WABCO Vehicle Control Systems (Belgium), Knorr-Bremse (Germany), Mando Hella Electronics Automotive India Pvt Ltd (India), Hitachi Metals, Ltd (Japan), NTN-SNR Roulements SA (France)
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Automotive Wheel Bearing Market Estimated to Reach $ 46.5 Billion Mark by 2026
"High Demand for Thrust Bearings and Demand for Automated Driving System Driving the Growth of Automotive Wheel Bearing Market"
The Global Automotive Wheel Bearing Market is estimated to surpass $46.5 billion mark by 2026 growing at an estimated CAGR of more than 4.2% during the forecast period 2021 to 2026. The market research analysis identifies the development of public transport facilities and the push towards green mobility as some of the key growth factors for the global automotive wheel bearings market. However replacement of internal combustion engine cars with electric cars result in declining of wheel bearings market as electric cars require less bearings compared to combustion engine cars. The robust spending on developing public road systems and the popularity of electric vehicles will fuel the growth of the automotive wheel bearings market in the next four years.
Automotive Wheel Bearing Market Segment Analysis - By Technology
Ball Bearings has dominated the Automotive Wheel Bearing Market as compared to the other technologies. Ball bearings are rolling element metal balls that are placed between the moving parts of bearings to make them move smoothly. These are used to reduce rotational friction and support radial and axial loads. Also, used to minimize friction and power loss. Latest trend is Incorporation of sensor units in ball bearings. Sensor units assist in the digital monitoring of rotation speed, axial movement, deceleration, acceleration and load carrying capacity. Development and adoption of integrated bearings is on the rise as it is drastically reducing the number of bearing units required in the assembled product.
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Automotive Wheel Bearing Market Segment Analysis - By Vehicle Type
Passenger cars are the fastest-growing vehicles on the Automotive Wheel Bearing segment by vehicle type. In passenger cars there are two types of bearings that are used which include taper roller bearing and ball bearings. Further, these vary according to the application and load. With increasing transport volumes, higher performance, as well as modified driving behavior, the high requirements placed on a wheel bearing are rising
Bearings are mechanical devices employed to reduce friction between rotating equipment. In a traditional hatchback, an average of about 60 bearings are fitted and the number goes up in the case of sedans and SUVs. Bearings which add significant weight in any vehicle will play a major role to play in the reduction of weight. To reduce the overall weight companies are exploring to use lighter raw materials. With this there will be less consumption of fuel as the overall weight of the vehicle reduces.
Automotive Wheel Bearing Market Segment Analysis - By Geography
Asia-Pacific region accounted for the major share of automotive wheel bearings market. The rising demand for passenger cars and commercial vehicles in the region drives the market growth. China, being a hub for production processes for many industries along with growing demand for automotive and industrial related developments, persisting in the country led it to contribute extensively to the innovations in utilization and determination of physical properties of wheel bearings. In 2019, Xin Guobin, vice-minister of industry and information technology of China had informed that car sales contribute for the lion's share of overall retail market of China and play a key role in the industrial economy. China remains the world's largest automotive manufacturing country and automotive market since 2009. In 2018, annual vehicle production in China accounted for over 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined. However Covid has had a significant negative impact on this market.
Automotive Wheel Bearing Market Drivers
High demand for thrust bearings and demand for Automated Driving System (ADS)
There is increase in demand for thrust bearings in automotive sector. Increase in agricultural and mining activities with the use of high technological vehicles such as harvesters, trucks, tractors in farming increases the thrust bearings market. There is high adoption of bearings for automated driving systems as they are totally controlled by sensors drives the market growth. As these vehicles operate in low speed in the fields, they require ball thrust bearings as these bearings are mostly used for low speed non precision applications. These bearing cannot take much radial load and are usually found in low precision farm equipment. For very large thrust load, roller thrust bearings are mostly used. Roller thrust bearings are mainly used in gear support, car transmissions, where they are used to support helical gears. In particular, extremely stringent environmental regulations are posed upon the automotive industry, and requirement for low friction torque in bearings in automobiles has been rising as this greatly contributes to reduction of CO2 by improving efficiency of vehicles. In order to respond fuel economy and emission regulations and government initiatives, many company OEMs are concentrating on developing efficiency products. In Europe, Japan, downsizing of the gasoline engine has been started which will drive the market.
Rise in Automotive Production creating new markets
With the increase in automotive production such as cars, two-wheelers, specialized vehicles, there is increase in automotive wheel bearings. These bearings help vehicles by allowing wheels to spin with minimum friction while travelling over different types of roads, potholes. Nowadays, most of the vehicles are equipped with wheel bearings that require no maintenance and sealed in a hub assembly. Specialized vehicles such as off-highway trucks are majorly used in mining activities which operates in dust and contamination. In order to protect from those problems, many companies are focusing on developing high functionality of wheel bearings. NTN Bearing Corporation had developed filter seal integrated large sized bearing which helps in not allowing any objects in the lubricant to enter into bearings. This type of developments in automotive wheel bearings attract customers and thus drives the market growth. Technology developments such as integration of sensors in automotive wheel bearings in order to protect from harsh environments and also helps in understanding the quality and stability of the vehicle. The push towards green mobility and the robust spending on the development of public road transport systems boost the demand of the market.
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Automotive Wheel Bearing Market Challenges
Reduction in weight of wheel bearings
Usually automotive wheel bearings are made of high quality and high spec steel, alloy steel and other hard metals. Use of heavy metals makes more weight in the production of wheel bearings. In coming years, trend in adoption and manufacture of light weight vehicles makes reduction in weight of wheel bearings. This makes OEMs as a big challenge in size and weight reduction of bearing with high efficiency. In order to reduce the weight of the vehicles for lower CO2 emissions and greater fuel efficiency, OEM Companies are using latest technologies in a bid to remain in competitive market. This can be met by using light weight materials for the production of bearings. Shift towards electric vehicles from internal combustion engine also hampers the growth of the market as there would be lesser requirement of the wheel bearings as the engine get replaced with electric motor. The company SKF had already started manufacturing bearings that are 10-12 percent lighter than the earlier bearings, depending upon the application.
Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive Wheel Bearing Market. NTN, Schaeffler, NSK, Koyo Bearings, SKF, JTEKT, American Axle and Manufacturing, Timken, CW Bearings, NKE Bearings and others are considered to be the key players of the Automotive Wheel Bearing Market.
Acquisitions/Technology Launches/Partnerships
In 2017, CW Bearings USA, Inc. acquired Drake Manufacturing Services .Co. LLC. The acquisition allowed the group to enter the Machine Tools market.
In 2018, Timken India Ltd, a subsidiary of The Timken Company, acquired ABC Bearings Ltd. a manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings, based in India.
Key Takeaways
Chrome steel is used in producing bearings of light weight than traditional ones and provide greater hardness, fatigue life and wear resistance. Tungsten carbide increases durability, wear and corrosion resistant and suitable for high impact, low stress, and high temperature conditions.
Growth of Electric Vehicles will hinder the market the demand for automotive wheel bearings as compared to ICEs these vehicles have lower number of automotive wheel bearings.
There has been an increase in technology development such as incorporating automotive wheel bearings with various sensors that monitor the performance and quality of the bearings. This trend has become one of the most significant factors playing a key role in boosting the growth of the market.
Recent Government regulations have prohibited overloading of vehicles. The new generation of trucks has undergone vast changes with new design wheels and axles. Improved vehicle systems and road infrastructure are slowly making bearings a non-replacement part. Bearings are being designed to last for a lifetime. So, the aftermarket business over the year is expected to shrink in years to come.
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Hall-Effect Sensors Market Size, Share, Trends, Growth, Industry Analysis, Key Players, Revenue, Future Development & Forecast 2023-2032
The Hall-effect sensor is a type of magnetic sensor that detects changes in magnetic fields. It utilizes the Hall effect, which is the creation of a voltage difference across an electrical conductor when a magnetic field is applied perpendicular to the current flow. Hall-effect sensors are widely used in various applications, including automotive, industrial, consumer electronics, and medical devices.
The global Hall-effect sensors market was experiencing steady growth and was expected to continue expanding in the coming years. However, it's important to note that market conditions may have evolved since then.
Some factors driving the growth of the Hall-effect sensors market include:
Automotive Industry: Hall-effect sensors play a crucial role in automotive applications such as wheel speed sensing, throttle position sensing, and gearbox position sensing. With the increasing adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS), the demand for Hall-effect sensors in the automotive sector is expected to rise.
Industrial Automation: Hall-effect sensors are extensively used in industrial automation for position sensing, speed detection, and flow measurement. The growing trend of industrial automation and the need for precise control and monitoring in manufacturing processes contribute to the market growth.
Consumer Electronics: Hall-effect sensors are integrated into various consumer electronics devices, including smartphones, tablets, and laptops. These sensors enable features like proximity detection, flip covers, and rotational user interfaces. The proliferation of consumer electronics and the demand for enhanced functionalities in these devices drive the market growth.
Medical Devices: Hall-effect sensors find applications in medical devices such as pacemakers, blood flow monitors, and respiratory devices. The increasing focus on healthcare and technological advancements in medical devices propel the demand for Hall-effect sensors in this sector.
Energy and Power: Hall-effect sensors are utilized in power generation systems, energy meters, and renewable energy applications. The shift towards renewable energy sources and the need for efficient power management create opportunities for Hall-effect sensor manufacturers.
The Hall-effect sensors market is highly competitive, with several key players operating globally. These companies are continuously investing in research and development to enhance sensor performance and develop innovative solutions for emerging applications.
Please note that the information provided above is based on the knowledge available up to September 2021, and it's recommended to refer to the latest market reports and industry analysis for the most up-to-date information on the Hall-effect sensors market.
To obtain a detailed and up-to-date report on the humidity sensors market, I recommend referring to our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into the humidity sensors market.
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Market Segmentations:
Global Hall-Effect Sensors Market: By Company • ROHM Semiconductor • RHEINTACHO Messtechnik • Honeywell • TURCK • B&K Precision • BEI SENSORS • Delphi Power Train • GEMS Global Hall-Effect Sensors Market: By Type • Threshold Type • Linear Type Global Hall-Effect Sensors Market: By Application • Position Sensing • Direct Current (DC) Transformers • Automotive Fuel Level Indicator • Keyboard Switch Global Hall-Effect Sensors Market: Regional Analysis All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Hall-Effect Sensors market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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