The demand for safer and environment friendly vehicle has increased in past few years. This has led to rise in demand for electric power steering and electronic stability system. In order to operate these systems effectively, a steering angle sensor is required. The function of steering angle system is to transmit steering angle data to the electronic steering control unit. Moreover, steering angle sensors measure the rate of turn and steering wheel position angle. Likewise, steering angle sensors have two sensing elements, which are used to identify the accurate steering positions. The reason for multiple sensors is redundancy, accuracy, and diagnostics. Furthermore, automotive OEMs are installing sensors in steering systems to provide accurate response and automatically adapt to the vehicle speed.

COVID-19 scenario analysis:
As the restriction are increasing due to the pandemic, the automotive manufactures and automotive component manufacturers are facing towards bankruptcy.
Stoppage in revenue generation in the automotive industry have created irreparable change in manufacturing environment.
Moreover, with reduced demand for vehicles, the cost of the vehicle and its component would be reduced and profit generation would be minimized in order to increase the sales of vehicles. This, in turn, would create additional problems in revenue generation.
The lockdown in areas of automotive OEMs will not only impact the OEMs but also the entire supply chain associated with it, including automotive steering angle sensor market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-toc-and-sample/9502

Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Demand for advanced safety and comfort driving features are major factors proliferating the demand for automotive steering angle sensors. Additionally, rise in production and sales of luxury cars is driving the market growth. Besides, the steering angle sensors play a major role in avoiding accident. Moreover, increase in popularity of cruise control will propel the market growth. However, high implementation cost could restrain the market growth. Furthermore, investment in R&D for new innovations and changing customer demand is expected to surge the market in the coming years.

The automotive steering angle sensor market trends are as follows:

Portable steering angle measurement sensor
Automakers are developing portable steering angle measurement sensor using a rate sensor technology. The system should be easy to use and install, portable and have the possibility to be used in different vehicle models. The old system in use is stationary equipment that is difficult to apply on a new vehicle without any major installation. This system provides better feedback and control over the vehicle. In 2015, KTH institute of Sweden designed the portable steering angle measurement sensor.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧g : https://www.alliedmarketresearch.com/purchase-enquiry/9502

Key benefits of the report:

This study presents the analytical depiction of the automotive steering angle sensor industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed to highlight the market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed automotive steering angle sensor market analysis based on competitive intensity and how the competition will take shape in coming years.

Request Customization : https://www.alliedmarketresearch.com/request-for-customization/9502

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]