What is the current Automotive Steering Sensors Market size?

The Automotive Steering Sensors Market is projected to register a CAGR of 5.87% during the forecast period (2024-2029) Read More

Who are the key players in Automotive Steering Sensors Market?

Robert Bosch GmbH, DENSO Corporation, HELLA GmbH & Co. KgaA, AISIN CORPORATION and NXP Semiconductors N.V. are the major companies operating in the Automotive Steering Sensors Market. Read More

Which is the fastest growing region in Automotive Steering Sensors Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Steering Sensors Market?

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Steering Sensors Market. Read More

What years does this Automotive Steering Sensors Market cover?

The report covers the Automotive Steering Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Steering Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Steering Sensor Market - Size, Share & Growth

Automotive Steering Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Automotive Steering Sensors Manufacturers and the market is segmented by Sensor Type (Health Monitoring Systems, Torque Sensors, Intelligent Multi-functional Sensor Systems, Position Sensors/Angle Sensors, and Other Sensor Types), Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), Technology (Contacting and Magnetic), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report covers the market size in value (USD billion) for all the above-mentioned segments.

Automotive Steering Sensor Industry Overview

The automotive steering sensors market is dominated by several players, such as Robert Bosch GmbH, Continental AG, DENSO Corporation, HELLA GmbH & Co. KgaA, and NXP Semiconductor. The automotive steering sensors market in the region has undergone a lot of mergers and acquisitions, making the top-five players significant contributors to the steering sensors market.

In January 2022, Bosch and the Volkswagen Group subsidiary Cariad are collaborating to achieve this objective and have agreed to form an extensive partnership. The companies want to make partially and highly automated driving suitable for volume production and thus available to the broad mass of consumers. For the vehicles sold under the Volkswagen Group brands, the alliance aims to make functions available that will allow drivers to temporarily take their hands off the steering wheel.
In August 2021, Faurecia, a global automotive supplier headquartered in Auburn Hills, North America, and Hella KGaA Hueck & Co, a German-based company with a similar focus on automotive engineering innovation, came together under a strategic merger to become the seventh-largest automotive supplier across the world. This combination builds on Hella's energy management, sensors, and actuators and Faurecia's portfolio of hydrogen system solutions and hybrid systems.