Steering Position Sensor Market
Steering Position Sensor Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Steering Position Sensor Market Size and Growth
The global Steering Position Sensor market is anticipated to witness substantial growth, driven by increasing demand for safety features in automobiles. The market size is projected to reach USD 2.5 billion by 2025, with a CAGR of 6% during the forecast period. Technological advancements and stringent government regulations are key factors driving market growth.
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Companies Covered (Covid 19 Impact Covered)
◍ Honeywell International
◍ Robert Bosch
◍ Valeo
◍ Infineon Technologies
◍ De Amertek Corporation
◍ Sensata Technologies
◍ NXP Semiconductors
◍ Methode Electronics
◍ Continental AG
◍ Standard Motor Products
The competitive landscape of the Steering Position
Sensor Market includes leading companies such as Honeywell International, Robert Bosch, Valeo, Infineon Technologies, De Amertek Corporation, Sensata Technologies, NXP Semiconductors, Methode Electronics, Continental AG, and Standard Motor Products. These companies utilize steering position sensors in various automotive applications, contributing to the growth of the market.
- Honeywell International: $36.7 billion
- Robert Bosch: $92.7 billion
- Valeo: $20.1 billion
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Market Segmentation
By Application◍ Passenger Cars
◍ Commercial Vehicles
By Product◍ Magnetic Sensor
◍ Contacting Sensor
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Market Growth
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$ X Billion USD
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