The Latin America, Middle East and Africa Electric Power Steering (EPS) Sensor Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
Larger vehicles will probably need much more power, at least 15 kN, and possibly much more for the most difficult off-road applications. Like vehicles will require EPS systems that can function at higher voltages, such as 42V, and have output powers larger than 3 kW. Sensors to measure the angle of the steering wheel and the torque imparted to the steering wheel, pinion, or rack are essential components in the design of an EPS system.
The algorithm used by the EPS' electronic control unit (ECU) needs to consider the vehicle's speed when operating the EPS motor because it takes less force to change direction at greater speeds. Vibration issues can arise with rotary torque and location sensors that use sliding electrical connections, and as was already mentioned, these issues will be more severe for commercial vehicles. They can also increase in-cabin noise, which for a passenger car must be under 40 dB, as part of a column-mounted EPS system.
Automakers are using more energy-efficient parts in their vehicles as a result of the expansion of these programs in several countries in the region to reduce their overall emissions and the environmental impact of their vehicles. However, a few businesses have recently set up production in the United Arab Emirates. The UAE car industry is growing rapidly. The Hinduja Group's flagship company Ashok Leyland, a well-known truck and bus manufacturer, is ranked fourth in the world for bus production and fourteenth for truck production.
The Brazil market dominated the LAMEA Electric Power Steering (EPS) Sensor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $372.6 Million by 2028. The Argentina market is exhibiting a CAGR of 9.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.9% during (2022 - 2028).
Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on Type, the market is segmented into Steering Wheel Position Sensor, Steering Torque Sensor and Speed Sensor. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Electric Power Steering (EPS) Sensor Market is Predict to reach $21.6 Billion by 2028, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, NXP Semiconductors N.V., Infineon Technologies AG, TT electronics Plc, Denso Corporation, HELLA GmbH & Co. KGaA, Valeo SA, Sensata Technologies Holdings PLC, and Methode Electronics Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Distribution Channel
By Type
- Steering Wheel Position Sensor
- Steering Torque Sensor
- Speed Sensor
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Robert Bosch GmbH
- NXP Semiconductors N.V.
- Infineon Technologies AG
- TT electronics Plc
- Denso Corporation
- HELLA GmbH & Co. KGaA
- Valeo SA
- Sensata Technologies Holdings PLC
- Methode Electronics Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Electric Power Steering (EPS) Sensor Market, by Vehicle Type
1.4.2 LAMEA Electric Power Steering (EPS) Sensor Market, by Distribution Channel
1.4.3 LAMEA Electric Power Steering (EPS) Sensor Market, by Type
1.4.4 LAMEA Electric Power Steering (EPS) Sensor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Electric Power Steering (EPS) Sensor Market by Vehicle Type
3.1 LAMEA Passenger Vehicle Market by Country
3.2 LAMEA Commercial Vehicle Market by Country
Chapter 4. LAMEA Electric Power Steering (EPS) Sensor Market by Distribution Channel
4.1 LAMEA OEM Market by Country
4.2 LAMEA Aftermarket Market by Country
Chapter 5. LAMEA Electric Power Steering (EPS) Sensor Market by Type
5.1 LAMEA Steering Wheel Position Sensor Market by Country
5.2 LAMEA Steering Torque Sensor Market by Country
5.3 LAMEA Speed Sensor Market by Country
Chapter 6. LAMEA Electric Power Steering (EPS) Sensor Market by Country
6.1 Brazil Electric Power Steering (EPS) Sensor Market
6.1.1 Brazil Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.1.2 Brazil Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.1.3 Brazil Electric Power Steering (EPS) Sensor Market by Type
6.2 Argentina Electric Power Steering (EPS) Sensor Market
6.2.1 Argentina Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.2.2 Argentina Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.2.3 Argentina Electric Power Steering (EPS) Sensor Market by Type
6.3 UAE Electric Power Steering (EPS) Sensor Market
6.3.1 UAE Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.3.2 UAE Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.3.3 UAE Electric Power Steering (EPS) Sensor Market by Type
6.4 Saudi Arabia Electric Power Steering (EPS) Sensor Market
6.4.1 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.4.2 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.4.3 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Type
6.5 South Africa Electric Power Steering (EPS) Sensor Market
6.5.1 South Africa Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.5.2 South Africa Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.5.3 South Africa Electric Power Steering (EPS) Sensor Market by Type
6.6 Nigeria Electric Power Steering (EPS) Sensor Market
6.6.1 Nigeria Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.6.2 Nigeria Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.6.3 Nigeria Electric Power Steering (EPS) Sensor Market by Type
6.7 Rest of LAMEA Electric Power Steering (EPS) Sensor Market
6.7.1 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.7.2 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.7.3 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Type
Chapter 7. Company Profiles
7.1 Continental AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Robert Bosch GmbH (BSH Home Appliances Corporation)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 NXP Semiconductors N.V.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.6 SWOT Analysis
7.4 Infineon Technologies AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 TT Electronics PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional & Segmental Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Geographical Expansions:
7.6 Denso Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.7 HELLA GmbH & Co. KGaA
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.8 Valeo SA
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.9 Sensata Technologies Holdings PLC
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.10. Methode Electronics Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
TABLE 1 LAMEA Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Passenger Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Passenger Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 LAMEA Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 LAMEA OEM Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA OEM Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 16 LAMEA Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 17 LAMEA Steering Wheel Position Sensor Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Steering Wheel Position Sensor Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Steering Torque Sensor Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Steering Torque Sensor Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Speed Sensor Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Speed Sensor Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Electric Power Steering (EPS) Sensor Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Electric Power Steering (EPS) Sensor Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 26 Brazil Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 27 Brazil Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 28 Brazil Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 29 Brazil Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 Brazil Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 Brazil Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 32 Brazil Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 33 Argentina Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 34 Argentina Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 35 Argentina Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 Argentina Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 Argentina Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 Argentina Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 Argentina Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 40 Argentina Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 41 UAE Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 42 UAE Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 43 UAE Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 44 UAE Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 45 UAE Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 UAE Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 UAE Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 48 UAE Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 57 South Africa Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 58 South Africa Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 59 South Africa Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 60 South Africa Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 61 South Africa Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 62 South Africa Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 63 South Africa Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 64 South Africa Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 65 Nigeria Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 66 Nigeria Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 67 Nigeria Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 Nigeria Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 Nigeria Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 70 Nigeria Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 71 Nigeria Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 72 Nigeria Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 81 Key Information – Continental AG
TABLE 82 key information – Robert Bosch GmbH
TABLE 83 Key Information – NXP Semiconductors N.V.
TABLE 84 Key Information – Infineon Technologies AG
TABLE 85 Key Information – TT Electronics PLC
TABLE 86 key information – Denso Corporation
TABLE 87 key information – HELLA GmbH & Co. KGaA
TABLE 88 key information – Valeo SA
TABLE 89 Key Information – Sensata Technologies Holdings PLC
TABLE 90 Key Information – Methode Electronics Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Continental AG
FIG 3 Swot analysis: Robert bosch gmbh
FIG 4 Swot analysis: NXP semiconductors N.V.
FIG 5 Swot analysis: INFINEON TECHNOLOGIES AG