Electric Power Steering Market - Forecast(2024 - 2030)

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The Global?Electric Power Steering Market?was valued at $431.0 million in 2021, and is projected to reach $777.4 million by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

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The growth of the #electric_power_steering is majorly driven by the rise in demand for commercial applications such as, Infineon Technologies AG?linear hall sensors specific designed for commercial automotive manufacturers. On the contrary, malfunctioning associated with torque sensors and the expenses to repair them have negatively impact electric power steering market forecast data.

The main equipment that enables highly autonomous driving is an electric power steering (EPS) sensor. It is mostly deployed in #electric_power steering system?to monitor the torque delivered by the drivers to the steering wheels. The #electronic control unit #calculates the amount of steering help required by the #electric motor based on the data acquired by this sensor. Incoming-of-age technology has been driving the future of automotive-driving systems.

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Electric power steering motor compared to traditional #mechanical #hydraulic steering system has good steering agility, steering stability, low-temperature resistance, and low power consumption. Moreover, it has the advantage of easy integration of secondary development. Thus it shows strong vitality in the #power_steering systems of #automobiles, and will gradually replace the conventional steering system.

Based on sensor type,?the market is divided into steering position/angle sensors, #steering torque sensors, combination sensors (position and torque), and others. The combination #sensor segment dominated the market, in terms of revenue, in 2021, and is expected to provide #electric #power steering market opportunity.

?????? ?????????????? ?????? ?????????????? ?????? : Nexteer Automotive | MAHLE | NSK | American Furukawa Inc. | Gore Automotive Products | JTEKT European Operations | ZF Group | Robert Bosch Tool Corporation NA | DENSO | Mitsubishi Electric | Hyundai MOBIS | SHOWA CORPORATION | thyssenkrupp Presta AG