LAMEA Electric Power Steering (EPS) Sensor Market Size, Share & Industry Trends Analysis Report By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Distribution Channel (OEM and Aftermarket), By Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Electric Power Steering (EPS) Sensor Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
Larger vehicles will probably need much more power, at least 15 kN, and possibly much more for the most difficult off-road applications. Like vehicles will require EPS systems that can function at higher voltages, such as 42V, and have output powers larger than 3 kW. Sensors to measure the angle of the steering wheel and the torque imparted to the steering wheel, pinion, or rack are essential components in the design of an EPS system.
The algorithm used by the EPS' electronic control unit (ECU) needs to consider the vehicle's speed when operating the EPS motor because it takes less force to change direction at greater speeds. Vibration issues can arise with rotary torque and location sensors that use sliding electrical connections, and as was already mentioned, these issues will be more severe for commercial vehicles. They can also increase in-cabin noise, which for a passenger car must be under 40 dB, as part of a column-mounted EPS system.
Automakers are using more energy-efficient parts in their vehicles as a result of the expansion of these programs in several countries in the region to reduce their overall emissions and the environmental impact of their vehicles. However, a few businesses have recently set up production in the United Arab Emirates. The UAE car industry is growing rapidly. The Hinduja Group's flagship company Ashok Leyland, a well-known truck and bus manufacturer, is ranked fourth in the world for bus production and fourteenth for truck production.
The Brazil market dominated the LAMEA Electric Power Steering (EPS) Sensor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $372.6 Million by 2028. The Argentina market is exhibiting a CAGR of 9.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.9% during (2022 - 2028).
Based on Vehicle Type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Distribution Channel, the market is segmented into OEM and Aftermarket. Based on Type, the market is segmented into Steering Wheel Position Sensor, Steering Torque Sensor and Speed Sensor. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Steering Wheel Position Sensor
- Steering Torque Sensor
- Speed Sensor
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.
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