The North America Electric Power Steering (EPS) Sensor Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
Electric Power Steering (EPS) sensors are crucial to the operation of EPS systems. Assisting the entire EPS process are three different steering sensor types: steering torque sensors, steering position sensors, and steering wheel position sensors. The amount of effort used to turn the vehicle's steering wheel and the steering wheel angle are two of the sensors' main inputs. These sensors' signals are taken in, processed further, and then produced an output that aids in steering.
As the motor only activates when the actual steering is engaged, EPS has a low engine power consumption and is simple to integrate with traction and stability control. The functionality of the EPS systems depends on the EPS sensors. Although EPS sensors are smaller and lighter than hydraulic steering systems, they improve fuel economy by lowering the overall weight of the car. By reducing breaks and FIT, the sensors help boost the vehicle's dependability and durability.
Handling data from vehicles is evolving into an increasingly important component of guaranteeing safe and reliable transportation as autonomous and connected vehicles become more prevalent. Canada possesses the knowledge necessary to examine the massive amounts of data now generated by linked automobiles. Due to clusters of industrial and academic quantum information R&D, Canadian companies are partnering with international OEMs to process huge amounts of data and improve the speed of entire networks of vehicles.
The US market dominated the North America 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 $4,345.8 Million by 2028.The Canada market is poised to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electric Power Steering (EPS) Sensor Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Electric Power Steering (EPS) Sensor Market, by Vehicle Type
1.4.2 North America Electric Power Steering (EPS) Sensor Market, by Distribution Channel
1.4.3 North America Electric Power Steering (EPS) Sensor Market, by Type
1.4.4 North America 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. North America Electric Power Steering (EPS) Sensor Market by Vehicle Type
3.1 North America Passenger Vehicle Market by Country
3.2 North America Commercial Vehicle Market by Country
Chapter 4. North America Electric Power Steering (EPS) Sensor Market by Distribution Channel
4.1 North America OEM Market by Country
4.2 North America Aftermarket Market by Country
Chapter 5. North America Electric Power Steering (EPS) Sensor Market by Type
5.1 North America Steering Wheel Position Sensor Market by Country
5.2 North America Steering Torque Sensor Market by Country
5.3 North America Speed Sensor Market by Country
Chapter 6. North America Electric Power Steering (EPS) Sensor Market by Country
6.1 US Electric Power Steering (EPS) Sensor Market
6.1.1 US Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.1.2 US Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.1.3 US Electric Power Steering (EPS) Sensor Market by Type
6.2 Canada Electric Power Steering (EPS) Sensor Market
6.2.1 Canada Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.2.2 Canada Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.2.3 Canada Electric Power Steering (EPS) Sensor Market by Type
6.3 Mexico Electric Power Steering (EPS) Sensor Market
6.3.1 Mexico Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.3.2 Mexico Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.3.3 Mexico Electric Power Steering (EPS) Sensor Market by Type
6.4 Rest of North America Electric Power Steering (EPS) Sensor Market
6.4.1 Rest of North America Electric Power Steering (EPS) Sensor Market by Vehicle Type
6.4.2 Rest of North America Electric Power Steering (EPS) Sensor Market by Distribution Channel
6.4.3 Rest of North America 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 North America Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 2 North America Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 3 North America Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 4 North America Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 5 North America Passenger Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Passenger Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Commercial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Commercial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 North America Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 North America OEM Market by Country, 2018 - 2021, USD Million
TABLE 12 North America OEM Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 16 North America Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 17 North America Steering Wheel Position Sensor Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Steering Wheel Position Sensor Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Steering Torque Sensor Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Steering Torque Sensor Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Speed Sensor Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Speed Sensor Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Electric Power Steering (EPS) Sensor Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Electric Power Steering (EPS) Sensor Market by Country, 2022 - 2028, USD Million
TABLE 25 US Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 26 US Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 27 US Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 28 US Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 29 US Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 US Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 US Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 32 US Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 33 Canada Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 34 Canada Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 35 Canada Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 Canada Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 Canada Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 Canada Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 Canada Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 40 Canada Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 41 Mexico Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 42 Mexico Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 43 Mexico Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 44 Mexico Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 45 Mexico Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Mexico Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Mexico Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 48 Mexico Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 49 Rest of North America Electric Power Steering (EPS) Sensor Market, 2018 - 2021, USD Million
TABLE 50 Rest of North America Electric Power Steering (EPS) Sensor Market, 2022 - 2028, USD Million
TABLE 51 Rest of North America Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 52 Rest of North America Electric Power Steering (EPS) Sensor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 53 Rest of North America Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 Rest of North America Electric Power Steering (EPS) Sensor Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 Rest of North America Electric Power Steering (EPS) Sensor Market by Type, 2018 - 2021, USD Million
TABLE 56 Rest of North America Electric Power Steering (EPS) Sensor Market by Type, 2022 - 2028, USD Million
TABLE 57 Key Information – Continental AG
TABLE 58 key information – Robert Bosch GmbH
TABLE 59 Key Information – NXP Semiconductors N.V.
TABLE 60 Key Information – Infineon Technologies AG
TABLE 61 Key Information – TT Electronics PLC
TABLE 62 key information – Denso Corporation
TABLE 63 key information – HELLA GmbH & Co. KGaA
TABLE 64 key information – Valeo SA
TABLE 65 Key Information – Sensata Technologies Holdings PLC
TABLE 66 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