Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Global Electric Power Steering (EPS) Sensor Market to Generate $26,736.3 Million and Exhibit a CAGR of 8.4% from 2021 to 2028 | Reveals by Research Dive

This image opens in the lightbox

News provided by

Research Dive

07 Dec, 2021, 12:00 GMT

Share this article

Share toX

Share this article

Share toX

The global EPS sensor market is expected to witness massive growth in forecast period, owing to the growing adoption of electric and autonomous vehicles across the globe. The Asia-Pacific region is anticipated to observe fastest growth by 2028.

NEW YORK, Dec. 7, 2021 /PRNewswire/ -- Research Dive in its latest published report estimates that the Global Electric Power Steering (EPS) Sensor Market will generate $26,736.3 million and exhibit a CAGR of 8.4% from 2021 to 2028.

Year Ending Offer: Get Access to this Report at $2999 (Read Only), Buy Now

Market Dynamics

The adoption of electric and autonomous vehicles is rising at a rapid pace across the globe. The penetration of electric power steering system in commercial and passenger vehicles is increasing. Besides, the mandates of governments with respect to the incorporation of fuel-efficient technologies in vehicles are increasing. All these factors are predicted to upsurge the growth of the global electric power steering (EPS) sensor market during the forecast period. Moreover, technological advancements and the rising adoption of EPS sensors in commercial vehicles globally are the factors anticipated to create huge growth opportunities for the electric power steering (EPS) sensor market by 2028. However, common failure in torque sensors and the high costs associated with EPS systems compared to traditional steering systems are expected to hamper the market growth during the estimated timeframe.

Get | Download an Exclusive Sample Report of Electric Power Steering (EPS) Sensor Market

Impact of COVID-19 Pandemic on the Electric Power Steering (EPS) Sensor Market

The COVID-19 pandemic has undesirably impacted the global electric power steering (EPS) sensor market growth. The negative growth during the pandemic period is mainly due to the slowdown of manufacturing and plummeting of sales in the automobile sector across the globe. Also, it impacted the OEM manufacturers, including automobile sensor and parts manufacturers around the world. However, the slowly but steadily opening of restrictions in China and India is opening up the demand for passenger automobiles, which is predicted to help the market recover in the coming future.

Checkout what are the Impacts of COVID-19 on the Electric Power Steering (EPS) Sensor Market. Click Here to Schedule a Call to speak our Expert Analyst 

Key Segment Findings of the Market:

The research report segments the global electric power steering (EPS) sensor market into vehicle type, sensor type, distribution channel, and region.

  • Based on vehicle type, the passenger sub-segment is estimated to surpass $20,193.4 million by 2028 and dominate in the global industry during the forecast period. This sub-segment growth of the global electric power steering (EPS) sensor market is mainly due to the increasing expansion of passenger cars along with the key mobility medium across the world is expected to help the growth of passenger cars sub-segment in the forecast period.
  • Based on sensor type, the steering wheel position sub-segment is estimated to generate a revenue of $12,465.9 million by 2028 and is predicted to hold significant market share during the analysis period. This is majorly owing to the continuous developments in non-contacting position sensors based on magnetic sensing principles.
  • Based on distribution channel, the aftermarket sub-segment is expected to generate a revenue of $9,738.7 million by 2028 and is predicted to witness lucrative growth over the analysis period. The increasing demand for upgrades to existing automotive electrics systems, including EPS sensors is expected to boost growth of the sub-segment in the electric power steering (EPS) market.
  • Based on region, the Asia-Pacific electric power steering (EPS) sensor market is expected to surpass $10,496.7 million by 2028 and witness fastest growth in the global industry over the forecast period. This is mainly because China is the largest automotive manufacturer globally, and South Korea and Japan are the largest auto exporters worldwide. In addition, due to significant expenditures in new vehicle technologies in the region is another factor expected to drive the regional market growth by 2028.

Year Ending Offer: Get 20% OFF on this Report *Limited Offer

Top 10 Prominent Players in electric power steering (EPS) sensor Market

The key players of the global electric power steering (EPS) sensor market include

1.  Robert Bosch GmbH

2.  DENSO Corporation

3.  HELLA GmbH & Co. KgaA

4.  Valeo SA

5.  Infineon Technology

6.  Continental AG

7.  Sensata Technologies

8.  NXP Semiconductors

9.  TT Electronics Plc

10.  Asahi Kasei.

These players are focusing on product launches, technological advancements, and strategic collaborations to gain a competitive in the global market.

For instance, in March 2020, Melexis, a global supplier of micro-electric semiconductor solutions, announced the launch of MLX91377 hall-effect sensor IC, which is designed for use in automotive applications like electric power-assisted steering.

Inquire to get access for Detailed Top Companies Development Strategy Electric Power Steering (EPS) Sensor Market Report

Related Article Links:

  • Acquisitions Like that of Integrated Device Technology, Inc. by Renesas Electric Corporation to Propel the Growth of the Global Electric Power Steering (EPS) Sensor Market
  • How Electric Power Steering Sensors Strengthen its Root in Global Automotive Industry by Delivering Optimum Safety Measures and Enhanced Performance?

More Trending Topics:

1.  Pressure Transducer Market: [228-Pages] The global pressure transducer market is anticipated to garner $9,986.2 million in the 2021–2028 timeframe – Request an PDF Sample Report

2.  Optical Detector Market: [224-Pages] The global optical detector market is anticipated to garner $8,259.3 million in the 2021–2028 timeframe – Request an PDF Sample Report

3.  Light Field Market: [217-Pages] The global light field market is anticipated to garner $860.7 million in the 2021–2028 timeframe – Request an PDF Sample Report

About Research Dive:

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
Blog:  https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521

Logo: https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.