Analysis on Impact of COVID-19-Automotive Steering Angle Measurement Sensor Market 2020-2024 | Integration of Sensors Leading to Better Steering Control to Boost Growth | Technavio

Technavio has been monitoring the automotive steering angle measurement sensor market and it is poised to grow by USD 9.6 bn during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Bourns Inc., DENSO CORP., HELLA GmbH & Co. KGaA, Honeywell International Inc., Robert Bosch GmbH, TE Connectivity Ltd., TOKAI RIKA CO. LTD., Toyodenso Co. Ltd., Valeo SA, and ZF Friedrichshafen AG are some of the major market participants. Although the integration of sensors leading to better steering control will offer immense growth opportunities, increasing lead time for automotive electronic components will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Integration of sensors leading to better steering control has been instrumental in driving the growth of the market. However, increasing lead time for automotive electronic components might hamper market growth.

Automotive Steering Angle Measurement Sensor Market 2020-2024 : Segmentation

Automotive steering angle measurement sensor market is segmented as below:

• Application
  • Electric Power Steering
  • Electro-hydraulic Power Steering
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Automotive Steering Angle Measurement Sensor Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive steering angle measurement sensor market report covers the following areas:

• Automotive Steering Angle Measurement Sensor Market Size
• Automotive Steering Angle Measurement Sensor Market Trends
• Automotive Steering Angle Measurement Sensor Market Industry Analysis

This study identifies development of portable steering wheel angle measurement sensor as one of the prime reasons driving the automotive steering angle measurement sensor market growth during the next few years.

Automotive Steering Angle Measurement Sensor Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automotive steering angle measurement sensor market, including some of the vendors such as Bourns Inc., DENSO CORP., HELLA GmbH & Co. KGaA, Honeywell International Inc., Robert Bosch GmbH, TE Connectivity Ltd., TOKAI RIKA CO. LTD., Toyodenso Co. Ltd., Valeo SA, and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research reports on the automotive steering angle measurement sensor market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Automotive Steering Angle Measurement Sensor Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive steering angle measurement sensor market growth during the next five years
• Estimation of the automotive steering angle measurement sensor market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive steering angle measurement sensor market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive steering angle measurement sensor market vendors

Table Of Contents :

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application placement
• Electric power steering - Market size and forecast 2019-2024
• Electro-hydraulic power steering - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape

Landscape disruption

• Vendor Analysis
• Vendors covered
• Market positioning of vendors
• Bourns Inc.
• DENSO CORP.
• HELLA GmbH & Co. KGaA
• Honeywell International Inc.
• Robert Bosch GmbH
• TE Connectivity Ltd.
• TOKAI RIKA CO. LTD.
• Toyodenso Co. Ltd.
• Valeo SA
• ZF Friedrichshafen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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