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| Market size in 2024 | US$ 4.85 billion |
Forecast Market size by 2030 | US$ 7.24 billion |
|---|---|---|---|
| Growth Rate | CAGR of 6.9% | Number of Pages | 108 Pages |
The global EPS Sensor market size was valued at US$ 4.85 billion in 2024 and is projected to reach US$ 7.24 billion by 2030, at a CAGR of 6.9%
The United States EPS Sensor market size was valued at US$ 1.28 billion in 2024 and is projected to reach US$ 1.96 billion by 2030, at a CAGR of 7.4%
Precision sensors for electric power steering systems. Devices require exact calibration and reliability. Products undergo rigorous automotive testing.
Automotive sector leads with 92% share. Manufacturing precision improved 32%. Automotive standards met 100%. Production efficiency increased 28%. Applications: passenger cars (72%), commercial vehicles (20%), electric vehicles (8%). Process innovations enhanced accuracy 25%. Asia leads with 48% share. Advanced sensors grew 42%. OEM partnerships increased 45%. Quality control represents 18% of costs. Innovation focuses on precision. Electric vehicles show 52% growth.
Report Overview
This report provides a deep insight into the global Electric Power Steering (EPS) Sensor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electric Power Steering (EPS) Sensor Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electric Power Steering (EPS) Sensor market in any manner.
Global Electric Power Steering (EPS) Sensor Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Electric Power Steering (EPS) Sensor Market Research Report 2025(Status and Outlook) |
| Market size in 2024 | US$ 4.85 billion |
| Forecast Market size by 2030 | US$ 7.24 billion |
| Growth Rate | CAGR of 6.9% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 108 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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