Automotive Steering Torque Sensors Market By Sensor Type (Rotary Torque Sensors, Linear Torque Sensors, Optical Torque Sensors, Strain Gauge Torque Sensors), By Technology (Electric Power Steering, Hydraulic Power Steering, Mechanical Steering), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Electric Vehicles), By End-Use (OEMs (Original Equipment Manufacturers), Aftermarket), and By Region; Global Insights & Forecast (2024 - 2030)

As per Intent Market Research, the Automotive Steering Torque Sensors Market was valued at USD 1.7 billion in 2023 and will surpass USD 2.9 billion by 2030; growing at a CAGR of 7.7% during 2024 - 2030.

The automotive steering torque sensors market is critical to the advancement of steering systems in modern vehicles, ensuring precise control, safety, and comfort. These sensors are designed to measure the amount of torque applied to the steering wheel, providing valuable feedback to the steering system to adjust the force needed for optimal handling. As vehicle manufacturers seek to improve driving experience and safety, the use of steering torque sensors is becoming increasingly prevalent, particularly in electric and autonomous vehicles. Additionally, innovations in sensor technology are driving the market, offering more accurate, durable, and cost-effective solutions for steering systems.

The market is primarily driven by the growing adoption of electric power steering (EPS) systems, which rely heavily on torque sensors to provide variable steering assistance. These systems offer numerous advantages, including reduced weight, improved fuel efficiency, and enhanced driving comfort. The shift towards electric vehicles (EVs) and the increasing focus on safety features such as advanced driver assistance systems (ADAS) are expected to further fuel demand for high-performance steering torque sensors. With the evolution of automotive technologies, the steering torque sensors market is poised for significant growth in the coming years.

Rotary Torque Sensors Segment is Fastest Growing Due to Accuracy and Reliability in Steering Control

The rotary torque sensors segment is the fastest-growing in the automotive steering torque sensors market, driven by their high accuracy and reliability in steering control applications. Rotary torque sensors are designed to measure rotational torque, making them ideal for monitoring steering wheel input and feedback in EPS systems. Their ability to provide real-time, precise data is essential for maintaining optimal steering feel, especially in advanced systems that require constant adjustments for variable steering assistance.

As steering systems become more sophisticated, rotary torque sensors are increasingly integrated into vehicles to improve handling, safety, and comfort. The growing demand for high-performance steering systems in electric vehicles, as well as the continued evolution of driver assistance technologies, is expected to propel the growth of rotary torque sensors in the market. Their ability to deliver reliable, accurate readings makes them a preferred choice for automotive manufacturers focused on enhancing vehicle performance.

Electric Power Steering Segment is Largest Owing to Growing Demand for Fuel Efficiency and Advanced Safety

The electric power steering (EPS) segment is the largest in the automotive steering torque sensors market, driven by the increasing preference for fuel-efficient and high-performance steering systems. EPS systems use electric motors to assist with steering, offering superior energy efficiency compared to traditional hydraulic systems. The integration of steering torque sensors in EPS systems allows for precise control, providing variable steering assistance depending on vehicle speed and road conditions. This feature enhances driving comfort, safety, and maneuverability, making EPS the preferred choice for most modern vehicles.

In addition to energy efficiency, EPS systems offer the flexibility to integrate with advanced safety technologies, such as lane-keeping assist and autonomous driving systems, further boosting the demand for steering torque sensors. As automakers continue to prioritize fuel efficiency, vehicle performance, and driver assistance systems, the electric power steering segment is expected to dominate the automotive steering torque sensors market. The growing adoption of EPS in both conventional and electric vehicles positions this segment for sustained growth.

OEMs Sales Channel is Largest Due to High Demand for Integrated Sensor Systems in New Vehicle Production

The OEMs (Original Equipment Manufacturers) sales channel is the largest in the automotive steering torque sensors market, driven by the integration of advanced sensor systems in new vehicle production. Automakers incorporate steering torque sensors as part of the steering system during the manufacturing process, ensuring that these critical components meet the required specifications for safety, performance, and comfort. With the increasing adoption of electric power steering and advanced steering technologies, the demand for steering torque sensors in OEM applications is growing.

OEMs benefit from the ability to design and produce steering systems that are fully integrated with other vehicle technologies, such as ADAS and autonomous driving systems. As automakers continue to enhance steering performance and safety, the OEM sales channel remains a dominant force in the automotive steering torque sensors market. The high volume of new vehicle production and the ongoing development of advanced steering systems are expected to sustain the strength of this channel.

Passenger Vehicles Segment is Largest Due to Consumer Preference for Comfort, Safety, and Fuel Efficiency

The passenger vehicles segment is the largest in the automotive steering torque sensors market, driven by the increasing consumer preference for comfort, safety, and fuel efficiency. Steering torque sensors are crucial for enhancing steering feel and ensuring that power steering systems provide the appropriate level of assistance based on vehicle speed and driving conditions. As consumers demand more advanced features in their vehicles, including better handling, precise steering control, and improved safety, the adoption of steering torque sensors in passenger vehicles is growing.

Additionally, the rise of electric vehicles and the integration of more sophisticated driving assistance systems in passenger vehicles are further driving the demand for steering torque sensors. These sensors play a key role in improving the overall driving experience, making the passenger vehicle segment a major contributor to the market's growth.

Asia-Pacific Region is Fastest Growing Due to Expanding Automotive Production and EV Adoption

The Asia-Pacific region is the fastest-growing market for automotive steering torque sensors, driven by the rapid expansion of automotive production and the increasing adoption of electric vehicles (EVs). Countries such as China, Japan, and South Korea are key players in the global automotive industry, with large-scale vehicle production and a growing emphasis on electric mobility. The region's automotive market is characterized by a strong focus on fuel efficiency, vehicle performance, and the integration of advanced safety features, all of which drive the demand for steering torque sensors.

The growing popularity of electric vehicles in the Asia-Pacific region, particularly in China, is also contributing to the growth of the steering torque sensors market. As automakers invest heavily in EV production and incorporate advanced steering technologies, the demand for high-performance sensors is increasing. The combination of rising automotive production and the shift toward electric mobility positions the Asia-Pacific region as a key growth driver for the automotive steering torque sensors market.

Competitive Landscape and Leading Companies

The automotive steering torque sensors market is highly competitive, with several key players focusing on innovation and technological advancements to meet the growing demand for precise and reliable steering control systems. Leading companies in the market include Bosch, ZF Friedrichshafen, Continental AG, and Sensata Technologies. These companies are investing in research and development to enhance sensor accuracy, improve durability, and develop systems that integrate seamlessly with modern steering technologies, including electric power steering and autonomous driving systems.

The competitive landscape is characterized by strategic collaborations, partnerships, and acquisitions as companies seek to strengthen their position in the market. With the growing focus on electric vehicles and the continued evolution of advanced steering systems, the leading players in the automotive steering torque sensors market are well-positioned to capitalize on emerging trends and technological innovations.

Recent Developments:

• In November 2024, Robert Bosch GmbH launched a new generation of steering torque sensors for electric power steering, providing greater precision and faster response times.
• In October 2024, Continental AG unveiled an advanced steering torque sensor system for autonomous vehicles, designed to improve control and safety.
• In September 2024, ZF Friedrichshafen AG introduced a torque sensing solution optimized for electric vehicle steering systems, enhancing energy efficiency.
• In August 2024, Denso Corporation partnered with a leading automotive manufacturer to integrate its torque sensors into the next generation of electric power steering systems.
• In July 2024, Delphi Technologies (BorgWarner) released an updated torque sensor for use in hybrid vehicles, offering improved durability and performance in varying conditions.

List of Leading Companies:

• Robert Bosch GmbH
• Continental AG
• ZF Friedrichshafen AG
• Denso Corporation
• Delphi Technologies (BorgWarner)
• NSK Ltd.
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Infineon Technologies AG
• Schaeffler Technologies AG & Co. KG
• Sensata Technologies
• TE Connectivity
• NXP Semiconductors
• Autoliv Inc.
• Kistler Instrumente AG

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