One essential component of highly automated driving is electric power steering (EPS). The steering of the vehicle is managed by the EPS’ electric motor. With the use of an electric motor, the EPS manages and aids in vehicle steering and offers a satisfying and ideal steering sensation.

New York, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Electric Power Steering Sensor Market Size, Share & Industry Trends Analysis Report By Vehicle Type, By Distribution Channel, By Type, By Regional Outlook and Forecast, 2022 – 2028" - https://www.reportlinker.com/p06321965/?utm_source=GNW The most recent control devices also offer security in case of mistakes. The electronic interface enables SAE-Level 4 highly autonomous driving with the highest level of security. Due to a decrease in parasitic losses, EPS enhances vehicle handling, gives the driver directional control, and marginally boosts fuel efficiency. Another benefit of EPS is that a design can be software-modified for different automobile types or driving modes (e.g., sport vs. luxury.) Although it is less expensive to construct EPS than conventional hydraulic systems, most vehicles still have a mechanical connection as a backup, such as a rack and a pinion steering. In the automotive industry, EPS is taking the place of hydraulic steering and is expected to eventually replace it as the standard steering method. With the use of an intelligent electric motor, electric power steering sensors control and aid in steering. Based on the steering input from torque sensors, the control unit inside the EPS determines the appropriate steering support and sends the information to the electric motor to provide the necessary assistance. Before EPS, hydraulic power steering was frequently utilized. It required a pump, hoses, fluid, drive belt, and pulley to function. Since the EPS does not have these components, it is lighter and smaller than hydraulic steering systems. These components required space and added weight to the vehicle. COVID-19 Impact Analysis Manufacturing facilities all over the world were either shut down entirely or operated with limited constraints. As a result, during the pandemic, vehicle production eventually came to an end. Additionally, buyers were hesitant to buy cars and instead focused on their everyday requirements. As a result, a lack of demand for Electric Power Steering (EPS) Sensors contributed to the market downturn during the pandemic. However, the market opened with a boom in all regions due to the need for private automobiles and the recovery of the economy. Market Growth Factors Electric Power Steering Sensor’s Ability To Increase Fuel Efficiency Motor, sensor, and steering column are a few of the parts that make up electric power steering (EPS), which is utilized in automobiles. In contrast to hydraulic power steering (HPS), which runs on engine power, electric power steering (EPS) employs an electric motor to help the driver guide the vehicle. Thus, reducing engine stress improves the engine’s fuel economy. The Electric Power Steering (EPS) sensor continuously observes how the driver steers, accelerates, speeds, and moves the tires. The production of cars is rising. Both the manufacturing of cars and the demand for them are rising. Due to the increasing number of automobiles in various developing nations, the production of automotive balancing shafts for fuel efficiency has increased. Additionally, because consumers view automobiles as a necessity in their lives, the number of vehicles is steadily rising in many growing nations. Manufacturers of automobiles are also coming up with and creating models that are affordable while keeping the vehicle’s performance and quality. Market Restraining Factors The Failure Of Electronic Power Steering Exposure to extreme heat, the electric motor positioned on the steering column could cause the electric power steering to malfunction. It is also possible for a circuit to break or for moving parts to operate improperly when dirt, water, or other pollutants are introduced into the system. The incorrect performance of the sensor to detect the torque and other parameters will result from sensor failure brought on by heat or other reasons. Failure of the system results in problems like heavy or extremely difficult steering and the inability to steer or move the wheel in any direction. Type Outlook On the basis of Type, the Electric Power Steering (EPS) Sensor Market is divided into Speed sensors, Steering Torque sensors, and Steering Wheel Position Sensor. The Steering Wheel Position Sensor segment acquired the highest revenue share in the Electric Power Steering (EPS) Sensor Market in 2021. It is because the steering shaft is home to the steering wheel position sensor, which measures the driver’s input in steering motion. Vehicle Type Outlook Based on the Vehicle Type, the Electric Power Steering (EPS) Sensor Market is segmented into Passenger vehicles and Commercial Vehicle. The Passenger Vehicle segment garnered the largest revenue share in the Electric Power Steering (EPS) Sensor Market in 2021. It is because this technology is anticipated to be deployed in low-cost passenger cars. Because of these changes, the passenger car sub-segment now dominates the vehicle type sector and is expected to increase rapidly over the next few years. Distribution Channel Outlook By Distribution Channel, Electric Power Steering (EPS) Sensor Market is classified into OEM, and Aftermarket. The Aftermarket segment recorded a significant revenue share in the Electric Power Steering (EPS) Sensor Market in 2021. It is due to the rising demand for updates to current vehicle electronics systems, which include EPS sensors. In contrast, the EPS-Motor Control Unit is increasingly being equipped with software updates that enable seamless integration of the unit with the vehicle after installation at the manufacturing facility. Regional Outlook Region-wise, the Electric Power Steering (EPS) Sensor Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region acquired the largest revenue share in the Electric Power Steering (EPS) Sensor Market in 2021. Due to China’s status as the largest car manufacturer in the world, Japan’s and South Korea’s status as the leading auto exporters, large-scale production, and considerable investments made in new vehicle technologies in the area, the EPS sensor market is predicted to increase over the projected period. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, NXP Semiconductors N.V., Infineon Technologies AG, TT electronics Plc, Denso Corporation, HELLA GmbH & Co. KGaA, Valeo SA, Sensata Technologies Holdings PLC, and Methode Electronics Inc. Scope of the Study Market Segments covered in the Report: By Vehicle Type • Passenger Vehicle • Commercial Vehicle By Distribution Channel • OEM • Aftermarket By Type • Steering Wheel Position Sensor • Steering Torque Sensor • Speed Sensor By Geography • North America o US o Canada o Mexico o Rest of North America • Europe o Germany o UK o France o Russia o Spain o Italy o Rest of Europe • Asia Pacific o China o Japan o India o South Korea o Singapore o Malaysia o Rest of Asia Pacific • LAMEA o Brazil o Argentina o UAE o Saudi Arabia o South Africa o Nigeria o Rest of LAMEA Companies Profiled • Continental AG • Robert Bosch GmbH • NXP Semiconductors N.V. • Infineon Technologies AG • TT electronics Plc • Denso Corporation • HELLA GmbH & Co. KGaA • Valeo SA • Sensata Technologies Holdings PLC • Methode Electronics Inc. Unique Offerings • Exhaustive coverage • Highest number of market tables and figures • Subscription based model available • Guaranteed best price • Assured post sales research support with 10% customization free Read the full report: https://www.reportlinker.com/p06321965/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

Goldman is staying long and strong Tesla. Here's why.

Polestar unveils the Polestar 3 in an effort to take on Tesla and Fisker in the all-electric grocery-getter market, but the SUV looks super familiar.

Sony Honda Mobility (“SHM”), the joining venture that Japanese electronics behemoth Sony and automaker Honda created to develop electric vehicles, will build its cars in North America. The joint venture will sell the cars in the U.S. and Japan, where interestingly the Japanese market will get cars exported from North America.

Salesforce SVP and GM of automotive and manufacturing Achyut Jajoo explains how the company views the future of the car industry.

Sono Motors ties solar power to an EV, the Sion, in what it expects to be an affordable and environmentally friendly car.

Demand destruction and supply chain issues continue to pose a problem for the iconic American auto manufacturer

Japan’s Honda and South Korea’s LG have together earmarked upwards of $4 billion to build a battery factory in Ohio, which will employ 2,200 people.

Is leasing dead? Some of the benefits consumers have liked about leasing remain, and experts speculate that good offers could return by year’s end.

The Polestar 3 is official, and the electric SUV promises a healthy 379-mile range with loads of safety tech.

Satellite imagery released on October 12 shows repair works and traffic build up near the Kerch Bridge, the only connection between the occupied Crimean peninsula and Russia, following an explosion on Saturday, October 8.Images taken by Maxar Technologies show repair works underway on the bridge’s rail line and road span. Smaller vehicles can be seen traveling along the bridge as a ferry transports trucks across the Kerch Strait, Maxar said.Other images showed a backup of cargo trucks waiting at the Kerch ferry terminal, waiting to be ferried across to Russia, Maxar said.Russia’s Federal Security Service blamed Saturday’s blast on Ukraine’s defense ministry. Eight people have been arrested, the service said, including five Russian citizens and three citizens of Ukraine and Armenia. Credit: Maxar Technologies via Storyful

Their joint company aims to make the first deliveries in the US by 2026.

This special muscle car has a lot of people scratching their heads.

Two fathers face attempted murder charges after their daughters were shot during a high-speed shootout on a Florida highway. Frank Allison, 43, of Callahan, Florida, and William Hale, 35, of Douglas, Georgia, are both charged with attempted murder following a road rage incident Saturday evening, Nassau County Sheriff Bill Leeper said during a live press conference. Both men are accused of speeding northbound from the Jacksonville area on U.S. Highway 1 and engaging in a road rage incident that e

RAC is calling on the government to reintroduce the Plug-in Car grant.

VALENTYNA ROMANENKO - THURSDAY, 13 OCTOBER 2022, 16:59 More than 1,000 trucks are stuck in a traffic jam at the Kerch crossing in Krasnodar Krai in the Russian Federation. They are waiting to enter occupied Crimea after the explosion on the Crimean Bridge occurred [and damaged the bridge, making it impossible to cross].

Branches in Scotland, including in Edinburgh, Glasgow and Aberdeen, are among the fresh wave of closures.

The electric vehicle maker ramped up production in the just-completed quarter, putting its latest target in reach.

We love fun headlight and taillight animations, but if the Hummer EV is anything to go by, they sure are expensive.

A carjacking victim in the L.A. area was dragged from the back of a vehicle during a police pursuit of a murder suspect and died, authorities said.

Hyundai Motor Group's air taxi unit has picked aerospace supplier Honeywell International Inc to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the companies said, ahead of an announcement next week. Under the collaboration, Honeywell will work with Supernal, Hyundai's U.S.-based eVTOL firm, to explore integration of the aerospace supplier's 'Anthem' flight deck into the air taxis, which are slated to enter commercial service in 2028. Electric air taxi-makers worldwide have pitched themselves as clean alternatives to decongest cities, attracting investments from airline heavyweights such as Delta Air Lines Inc, though they are still a long way away from commercial operations.