The global electric power steering (eps) sensor market size was valued at USD 15.2 billion in 2021 and is poised to grow at a significant CAGR of 7.3% during the forecast period 2023-29. The primary factors that drive the market are the increase in vehicle production and a rise in the number of accidents. The global electric power steering (EPS) sensor market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In October 2020, BorgWarner acquired Delphi Technologies to strengthen power electronics product portfolio. In May 2020, ZF Friedrichshafen AG acquired WABCO to form global integrated systems for commercial vehicle technology.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/electric-power-steering-eps-sensor-market/  

The global electric power steering (eps) sensor market segmentation:

• By Product Type: Speed Sensor, Steering Torque Sensor, and Steering Wheel Position Sensor
• By Vehicle Type: Passenger Vehicle and Commercial Vehicle
• By Distribution Channel: OEM and Aftermarket

Based on vehicle type, passenger vehicle holds the highest market share. The major factor for the rise of this segment is the increasing popularity of passenger cars as the main mode of transportation around the world. Most of the passenger vehicles are sports and cars utility vehicles. Most passenger cars internationally are armed with EPS technology, and this technology is predicted to be used in affordable passenger cars. These factors and development can drive the global electric power steering (EPS) sensor market growth.

Asia Pacific Electric Power Steering (EPS) Sensor Market

The Asia Pacific leads the global electric power steering (EPS) sensor market growth due to widespread manufacturing of automobiles in South Korea, Japan, and China and substantial investment in new vehicle technologies. Japan has the presence of many other leading producers of steering systems, like NSK, and Mitsubishi Electric. Moreover, the increasing growth of automobile production has also been attributed to the growth of the market. The Asia Pacific market includes China, India, South Korea, and Japan.

Request sample report at  https://precisionbusinessinsights.com/request-sample?product_id=58921

Key players’ profiles in the electric power steering (eps) sensor market report are Rober, Bosch GmbH, HELLA GmbH & Co. KgaA, DENSO Corporation, Valeo, Continental AG, Infineon Technologies AG, Sensata Technologies, TT Electronics, NXP Semiconductors, and Asahi Kasei Corporation Inc.

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

Contact:
Mr. Satya
Precision Business Insights| Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747