Automotive Steering Angle Sensor Market Size Forecast by 2031
The automotive steering angle sensor market is expected to register a CAGR of 5.8% during 2023–2031. There is an increasing trend of electrification, automated driving, and connected vehicles driving the market for automotive steering angle sensor.
Automotive Steering Angle Sensor Market Analysis
An automotive steering angle sensor is a crucial component in modern vehicles which is responsible for monitoring the steering wheel angle and transmitting data to various safety and control systems within the vehicle. This sensor enables information flow for electronic stability control (ESC), traction control systems (TCS), and other advanced driver assistance systems (ADAS). By continuously measuring the angle of the steering wheel, the sensor enhances vehicle stability, improves steering response, and optimizes overall safety. As automotive technology advances, the demand for more accurate as well as reliable steering angle sensors continues to grow, pushing innovation and competition within the automotive sensor market. The automotive steering angle sensor market is characterized by steady growth driven by the increasing integration of advanced safety and driver assistance systems in modern vehicles, rising demand for vehicle safety and enhanced driving experience, and to obey stringent government regulations, auto manufacturers are heavily adopting steering angle sensors to improve vehicle stability and control and is anticipated to grow in coming years.
Automotive Steering Angle Sensor Market Overview
The automotive steering sensors market is driven by growing vehicle sales globally for passenger as well as commercial heavy-duty vehicles, the rising emphasis on safety features integrated into the vehicle, the rising popularity of EVs that reduce harmful emissions and are promoted by governments across the globe resulting in demand for steering sensors to be fitted in the vehicles for driver safety. Also, the rising emphasis on safety features integrated into the vehicle significantly opens avenues for automakers with an increasing focus on improving vehicle dynamics, handling, and overall driving experience, which brought using automotive steering sensors in vehicles. Therefore, the increasing demand for vehicles is boosting the growth of the automotive steering sensors market. Rising environmental consciousness demands less harmful emissions and fuel efficiency; the automakers are making efforts to reduce vehicle emissions by developing electric power steering, which can contribute to reduced emissions and fuel savings when compared to traditional hydraulic power steering systems.
Also, advancements in sensor technology, such as improvements in accuracy, reliability, and cost-effectiveness, are increasing the applications and capabilities of automotive steering sensors, gaining traction and driving the adoption of ADAS technologies that heavily rely on steering sensors, for instance, lane-keeping assistance. Hence, these are some of the factors that are expected to contribute to the growth of the automotive steering sensor market.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Steering Angle Sensor Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Steering Angle Sensor Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystAutomotive Steering Angle Sensor Market Drivers and Opportunities
Growth in Vehicle Production and Sales
Rapid urbanization and industrialization across the globe are booming automotive production. With an increase in population, the demand for passenger and commercial vehicles is rising day by day, leading to increasing sales, thus increasing the demand for steering sensors to well-equip vehicles with advanced safety and driver-assist features. Also, the increasing adoption and popularity of electric vehicles and autonomous vehicles, which are eco-friendly and sustainable, are being promoted by several nations across the globe that need automotive steering sensors as they rely heavily on electronic controls and sensors like steering sensors. Therefore, the increasing sales of vehicles are anticipated to positively impact the automotive steering sensors market.
Technological Advancements in Automotive Industry
There are constant technological advancements in the automotive industry with the sensors that are installed in the steering system of the vehicle. These provide enhanced driver safety and improved vehicle dynamics as cost-effectiveness which then expands the capabilities and applications of automotive steering sensors in the vehicle, which will enhance the efficiency and reliability of the steering system. Also, innovations such as Micro-Electro-Mechanical Systems sensors (MEMS) and integrated sensor systems enable more sophisticated ADAS functionalities, which are significantly boosting the automotive steering sensor market growth.
Automotive Steering Angle Sensor Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive steering angle sensor market analysis are sensor type, vehicle type, and technology.
- Based on sensor type, the automotive steering angle sensor market is divided into Health Monitoring Systems, Torque Sensors, Intelligent Multi-functional Sensor Systems, Position Sensors/Angle Sensors, and Other Sensor Types.
- Based on vehicle type, the automotive steering angle sensor market is divided into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles.
- Based on technology, the automotive steering angle sensor market is divided into Contacting and Magnetic.
Automotive Steering Angle Sensor Market Share Analysis by Geography
Automotive Steering Angle Sensor Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive steering angle sensor market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level. Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive steering angle sensor market in these regions.
Automotive Steering Angle Sensor Market Report Scope
Automotive Steering Angle Sensor Market News and Recent Developments
The automotive steering angle sensor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive steering angle sensor market are listed below:
- Melexis launched all new the magnetic position sensor. The new MLX90376 is an absolute magnetic position sensor IC, handling 360° rotary automotive applications with strong stray field immunity (SFI). Its dual-stacked die PCB-less version is unique to the market. (Source: Melexis, Company Website, December 2022)
Automotive Steering Angle Sensor Market Report Coverage and Deliverables
The “Automotive Steering Angle Sensor Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive steering angle sensor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive steering angle sensor market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive steering angle sensor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive steering angle sensor market.
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the automotive steering angle sensor market are Robert Bosch GmbH, Continental AG, DENSO Corporation, HELLA GmbH & Co. KgaA, and NXP Semiconductor.
There is an increasing trend of electrification, automated driving, and connected vehicles driving the market for automotive steering angle sensor.
The global automotive steering angle sensor market is expected to grow at a CAGR of 5.8% during the forecast period 2023 - 2031.
Growth in vehicle production and sales is contributing to the automotive steering angle sensor market growth.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Steering Angle Sensor Market - By Type
1.3.2 Automotive Steering Angle Sensor Market - By Vehicle Type
1.3.3 Automotive Steering Angle Sensor Market - By Application
1.3.4 Automotive Steering Angle Sensor Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE STEERING ANGLE SENSOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE STEERING ANGLE SENSOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE STEERING ANGLE SENSOR MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE STEERING ANGLE SENSOR - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE STEERING ANGLE SENSOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE STEERING ANGLE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. OPTICAL SENSOR
7.3.1. Overview
7.3.2. Optical Sensor Market Forecast and Analysis
7.4. DIGITAL SENSOR
7.4.1. Overview
7.4.2. Digital Sensor Market Forecast and Analysis
8. AUTOMOTIVE STEERING ANGLE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER CARS
8.3.1. Overview
8.3.2. Passenger Cars Market Forecast and Analysis
8.4. LCV
8.4.1. Overview
8.4.2. LCV Market Forecast and Analysis
8.5. MANDHCV
8.5.1. Overview
8.5.2. MandHCV Market Forecast and Analysis
9. AUTOMOTIVE STEERING ANGLE SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ELECTRIC POWER STEERING
9.3.1. Overview
9.3.2. Electric Power Steering Market Forecast and Analysis
9.4. ELECTRONIC STABILITY CONTROL (ESC)
9.4.1. Overview
9.4.2. Electronic Stability Control (ESC) Market Forecast and Analysis
9.5. ACTIVE STEERING (AS)
9.5.1. Overview
9.5.2. Active Steering (AS) Market Forecast and Analysis
9.6. VARIABLE RATE STEERING (VRS)
9.6.1. Overview
9.6.2. Variable Rate Steering (VRS) Market Forecast and Analysis
9.7. ANTI-LOCK BRAKING SYSTEM (ABS)
9.7.1. Overview
9.7.2. Anti-lock Braking System (ABS) Market Forecast and Analysis
9.8. LANE DEPARTURE WARNING
9.8.1. Overview
9.8.2. Lane Departure Warning Market Forecast and Analysis
9.9. LANE ASSISTANCE
9.9.1. Overview
9.9.2. Lane Assistance Market Forecast and Analysis
9.10. PARKING ASSISTANCE
9.10.1. Overview
9.10.2. Parking Assistance Market Forecast and Analysis
10. AUTOMOTIVE STEERING ANGLE SENSOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Steering Angle Sensor Market Overview
10.1.2 North America Automotive Steering Angle Sensor Market Forecasts and Analysis
10.1.3 North America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Type
10.1.4 North America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Vehicle Type
10.1.5 North America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Application
10.1.6 North America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Steering Angle Sensor Market
10.1.6.1.1 United States Automotive Steering Angle Sensor Market by Type
10.1.6.1.2 United States Automotive Steering Angle Sensor Market by Vehicle Type
10.1.6.1.3 United States Automotive Steering Angle Sensor Market by Application
10.1.6.2 Canada Automotive Steering Angle Sensor Market
10.1.6.2.1 Canada Automotive Steering Angle Sensor Market by Type
10.1.6.2.2 Canada Automotive Steering Angle Sensor Market by Vehicle Type
10.1.6.2.3 Canada Automotive Steering Angle Sensor Market by Application
10.1.6.3 Mexico Automotive Steering Angle Sensor Market
10.1.6.3.1 Mexico Automotive Steering Angle Sensor Market by Type
10.1.6.3.2 Mexico Automotive Steering Angle Sensor Market by Vehicle Type
10.1.6.3.3 Mexico Automotive Steering Angle Sensor Market by Application
10.2. EUROPE
10.2.1 Europe Automotive Steering Angle Sensor Market Overview
10.2.2 Europe Automotive Steering Angle Sensor Market Forecasts and Analysis
10.2.3 Europe Automotive Steering Angle Sensor Market Forecasts and Analysis - By Type
10.2.4 Europe Automotive Steering Angle Sensor Market Forecasts and Analysis - By Vehicle Type
10.2.5 Europe Automotive Steering Angle Sensor Market Forecasts and Analysis - By Application
10.2.6 Europe Automotive Steering Angle Sensor Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Steering Angle Sensor Market
10.2.6.1.1 Germany Automotive Steering Angle Sensor Market by Type
10.2.6.1.2 Germany Automotive Steering Angle Sensor Market by Vehicle Type
10.2.6.1.3 Germany Automotive Steering Angle Sensor Market by Application
10.2.6.2 France Automotive Steering Angle Sensor Market
10.2.6.2.1 France Automotive Steering Angle Sensor Market by Type
10.2.6.2.2 France Automotive Steering Angle Sensor Market by Vehicle Type
10.2.6.2.3 France Automotive Steering Angle Sensor Market by Application
10.2.6.3 Italy Automotive Steering Angle Sensor Market
10.2.6.3.1 Italy Automotive Steering Angle Sensor Market by Type
10.2.6.3.2 Italy Automotive Steering Angle Sensor Market by Vehicle Type
10.2.6.3.3 Italy Automotive Steering Angle Sensor Market by Application
10.2.6.4 United Kingdom Automotive Steering Angle Sensor Market
10.2.6.4.1 United Kingdom Automotive Steering Angle Sensor Market by Type
10.2.6.4.2 United Kingdom Automotive Steering Angle Sensor Market by Vehicle Type
10.2.6.4.3 United Kingdom Automotive Steering Angle Sensor Market by Application
10.2.6.5 Russia Automotive Steering Angle Sensor Market
10.2.6.5.1 Russia Automotive Steering Angle Sensor Market by Type
10.2.6.5.2 Russia Automotive Steering Angle Sensor Market by Vehicle Type
10.2.6.5.3 Russia Automotive Steering Angle Sensor Market by Application
10.2.6.6 Rest of Europe Automotive Steering Angle Sensor Market
10.2.6.6.1 Rest of Europe Automotive Steering Angle Sensor Market by Type
10.2.6.6.2 Rest of Europe Automotive Steering Angle Sensor Market by Vehicle Type
10.2.6.6.3 Rest of Europe Automotive Steering Angle Sensor Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Steering Angle Sensor Market Overview
10.3.2 Asia-Pacific Automotive Steering Angle Sensor Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Steering Angle Sensor Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Automotive Steering Angle Sensor Market Forecasts and Analysis - By Vehicle Type
10.3.5 Asia-Pacific Automotive Steering Angle Sensor Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Automotive Steering Angle Sensor Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Steering Angle Sensor Market
10.3.6.1.1 Australia Automotive Steering Angle Sensor Market by Type
10.3.6.1.2 Australia Automotive Steering Angle Sensor Market by Vehicle Type
10.3.6.1.3 Australia Automotive Steering Angle Sensor Market by Application
10.3.6.2 China Automotive Steering Angle Sensor Market
10.3.6.2.1 China Automotive Steering Angle Sensor Market by Type
10.3.6.2.2 China Automotive Steering Angle Sensor Market by Vehicle Type
10.3.6.2.3 China Automotive Steering Angle Sensor Market by Application
10.3.6.3 India Automotive Steering Angle Sensor Market
10.3.6.3.1 India Automotive Steering Angle Sensor Market by Type
10.3.6.3.2 India Automotive Steering Angle Sensor Market by Vehicle Type
10.3.6.3.3 India Automotive Steering Angle Sensor Market by Application
10.3.6.4 Japan Automotive Steering Angle Sensor Market
10.3.6.4.1 Japan Automotive Steering Angle Sensor Market by Type
10.3.6.4.2 Japan Automotive Steering Angle Sensor Market by Vehicle Type
10.3.6.4.3 Japan Automotive Steering Angle Sensor Market by Application
10.3.6.5 South Korea Automotive Steering Angle Sensor Market
10.3.6.5.1 South Korea Automotive Steering Angle Sensor Market by Type
10.3.6.5.2 South Korea Automotive Steering Angle Sensor Market by Vehicle Type
10.3.6.5.3 South Korea Automotive Steering Angle Sensor Market by Application
10.3.6.6 Rest of Asia-Pacific Automotive Steering Angle Sensor Market
10.3.6.6.1 Rest of Asia-Pacific Automotive Steering Angle Sensor Market by Type
10.3.6.6.2 Rest of Asia-Pacific Automotive Steering Angle Sensor Market by Vehicle Type
10.3.6.6.3 Rest of Asia-Pacific Automotive Steering Angle Sensor Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Steering Angle Sensor Market Overview
10.4.2 Middle East and Africa Automotive Steering Angle Sensor Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Steering Angle Sensor Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Automotive Steering Angle Sensor Market Forecasts and Analysis - By Vehicle Type
10.4.5 Middle East and Africa Automotive Steering Angle Sensor Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Automotive Steering Angle Sensor Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Steering Angle Sensor Market
10.4.6.1.1 South Africa Automotive Steering Angle Sensor Market by Type
10.4.6.1.2 South Africa Automotive Steering Angle Sensor Market by Vehicle Type
10.4.6.1.3 South Africa Automotive Steering Angle Sensor Market by Application
10.4.6.2 Saudi Arabia Automotive Steering Angle Sensor Market
10.4.6.2.1 Saudi Arabia Automotive Steering Angle Sensor Market by Type
10.4.6.2.2 Saudi Arabia Automotive Steering Angle Sensor Market by Vehicle Type
10.4.6.2.3 Saudi Arabia Automotive Steering Angle Sensor Market by Application
10.4.6.3 U.A.E Automotive Steering Angle Sensor Market
10.4.6.3.1 U.A.E Automotive Steering Angle Sensor Market by Type
10.4.6.3.2 U.A.E Automotive Steering Angle Sensor Market by Vehicle Type
10.4.6.3.3 U.A.E Automotive Steering Angle Sensor Market by Application
10.4.6.4 Rest of Middle East and Africa Automotive Steering Angle Sensor Market
10.4.6.4.1 Rest of Middle East and Africa Automotive Steering Angle Sensor Market by Type
10.4.6.4.2 Rest of Middle East and Africa Automotive Steering Angle Sensor Market by Vehicle Type
10.4.6.4.3 Rest of Middle East and Africa Automotive Steering Angle Sensor Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automotive Steering Angle Sensor Market Overview
10.5.2 South and Central America Automotive Steering Angle Sensor Market Forecasts and Analysis
10.5.3 South and Central America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Type
10.5.4 South and Central America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Vehicle Type
10.5.5 South and Central America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Application
10.5.6 South and Central America Automotive Steering Angle Sensor Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Steering Angle Sensor Market
10.5.6.1.1 Brazil Automotive Steering Angle Sensor Market by Type
10.5.6.1.2 Brazil Automotive Steering Angle Sensor Market by Vehicle Type
10.5.6.1.3 Brazil Automotive Steering Angle Sensor Market by Application
10.5.6.2 Argentina Automotive Steering Angle Sensor Market
10.5.6.2.1 Argentina Automotive Steering Angle Sensor Market by Type
10.5.6.2.2 Argentina Automotive Steering Angle Sensor Market by Vehicle Type
10.5.6.2.3 Argentina Automotive Steering Angle Sensor Market by Application
10.5.6.3 Rest of South and Central America Automotive Steering Angle Sensor Market
10.5.6.3.1 Rest of South and Central America Automotive Steering Angle Sensor Market by Type
10.5.6.3.2 Rest of South and Central America Automotive Steering Angle Sensor Market by Vehicle Type
10.5.6.3.3 Rest of South and Central America Automotive Steering Angle Sensor Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AUTOMOTIVE STEERING ANGLE SENSOR MARKET, KEY COMPANY PROFILES
12.1. ACTIVE SENSORS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BEI SENSORS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BIMMERSCAN
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DELPHI AUTO PARTS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HELLA GMBH AND CO. KGAA
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. HIRAIN TECHNOLOGIES CO., LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NXP SEMICONDUCTORS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ROBERT BOSCH GMBH
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. STANDARD MOTOR PRODUCTS, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TE CONNECTIVITY
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Active Sensors
2. BEI Sensors
3. Bimmerscan
4. Delphi Auto Parts
5. HELLA GmbH and Co. KGaA
6. HiRain Technologies Co., Ltd.
7. NXP Semiconductors
8. Robert Bosch GmbH
9. Standard Motor Products, Inc.
10. TE Connectivity
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.