COVID-19 Impact and Recovery Analysis- Automotive Steering Torque Sensor Market 2020-2024 | Increasing Electronic Content in Vehicle to Boost Growth | Technavio

Technavio has been monitoring the automotive steering torque sensor market and it is poised to grow by USD 5.51 billion 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 has announced its latest market research report titled Global Automotive Steering Torque Sensor Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Automotive Steering Torque Sensor Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advanced Micro Electronics Co. Ltd., Bourns Inc., DENSO Corp., HELLA GmbH & Co. KGaA, Honeywell International Inc., Infineon Technologies AG, Methode Electronics Inc., Robert Bosch GmbH, TE Connectivity Ltd., and Valeo SA are some of the major 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.

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Increasing electronic content in vehicles has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/automotive-steering-torque-sensor-market-industry-analysis

Automotive Steering Torque Sensor Market 2020-2024: Segmentation

Automotive Steering Torque Sensor Market is segmented as below:

• Application
  • Passenger Vehicles
  • Commercial Vehicles
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • MEA

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Automotive Steering Torque 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. The automotive steering torque sensor market report covers the following areas:

• Automotive Steering Torque Sensor Market Size
• Automotive Steering Torque Sensor Market Trends
• Automotive Steering Torque Sensor Market Analysis

This study identifies new and innovative torque sensors as one of the prime reasons driving the automotive steering torque sensor market growth during the next few years.

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Automotive Steering Torque 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 torque sensor market growth during the next five years
• Estimation of the automotive steering torque 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 torque 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 torque sensor market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem

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
• Passenger vehicles - Market size and forecast 2019-2024
• Commercial vehicles - Market size and forecast 2019-2024
• Market opportunity by Application

Customer Landscape

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
• Volume driver - Demand led growth
• Volume driver - External factors
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive landscape

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Advanced Micro Electronics Co. Ltd.
• Bourns Inc.
• DENSO Corp.
• HELLA GmbH & Co. KGaA
• Honeywell International Inc.
• Infineon Technologies AG
• Methode Electronics Inc.
• Robert Bosch GmbH
• TE Connectivity Ltd.
• Valeo SA

Appendix

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

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