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Automotive Steering Sensor Market Share & Demand: [USD 8.75 Billion to USD 12.95 Billion]

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Published date: 25 Mar, 2025 05:16 PM
  • Location: Cologne
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Automotive Steering Sensor Market Share & Demand: [USD 8.75 Billion to USD 12.95 Billion]
Automotive Steering Sensor Market Share & Demand: [USD 8.75 Billion to USD 12.95 Billion]

According to the TechSci Research report, the global automotive steering sensor market reached USD 8.75 billion and is projected to grow at a CAGR of 6.9% during the forecast period (2024-2028). The rising adoption of electric power steering (EPS) and advanced driver assistance systems (ADAS) has accelerated the demand for steering sensors.

These technologies contribute to improved vehicle efficiency and safety, making them indispensable in modern vehicles. Additionally, increasing government regulations related to vehicle safety and the need for real-time data monitoring in modern cars have propelled market growth. The automotive sector’s focus on integrating sensor-based technologies to meet evolving consumer expectations has further fueled the demand for steering sensors.


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