Electric Power Steering (EPS) Sensor Market Trends： the market size is projected to reach USD 1.23 billion by 2030

The electric power steering (EPS) torque sensor is a device used to measure the steering torque of a vehicle. It is an important component of the EPS system, used to monitor the torque applied by the driver to the steering wheel and transmit these signals to the EPS control unit.

EPS torque sensors usually use technologies such as piezoelectric sensors or strain gauges to measure torque. When the driver applies torque, the sensor generates a corresponding electrical signal and converts it into a digital signal so that the EPS control unit can process and respond.

The role of the EPS torque sensor is to provide accurate steering torque information so that the EPS system can provide appropriate assistance according to the driver's intention. By monitoring the steering torque, the EPS system can adjust the steering assistance in real time to meet the needs of different driving conditions, such as low-speed cornering and high-speed driving.

According to the new market research report “Electric Power Steering (EPS) Sensor - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Electric Power Steering (EPS) Sensor market size is projected to reach USD 1.23 billion by 2030, at a CAGR of 2.8% during the forecast period.

As the automotive industry accelerates its shift toward autonomous vehicles, the need for precision and reliability in steering systems becomes critical. Electric Power Steering (EPS) sensors, particularly those integrated with steer-by-wire technology, are integral to ADAS and autonomous driving systems. These sensors help provide real-time feedback for steering torque and angle, ensuring that vehicles respond with high accuracy. The increasing adoption of autonomous driving technology is a significant driver for the growth of EPS sensor systems, as they contribute to vehicle safety, handling, and user experience.

The global shift toward electric vehicles (EVs) is another major driver for the EPS sensor market. EPS systems offer key advantages for EVs, such as reducing mechanical complexity, improving energy efficiency, and enhancing driving comfort. Additionally, EPS sensors enable the integration of intelligent steering features, such as adjustable steering feel and precise control, which are becoming increasingly important for the modern, tech-savvy consumer. This demand for advanced features in EVs will fuel the growth of EPS sensor technologies.

EPS sensors, especially those integrated with steer-by-wire technology, eliminate the need for mechanical connections between the steering wheel and the front axle. This leads to reduced vehicle weight and space-saving advantages, which are particularly important in the development of compact, efficient, and customizable vehicle architectures. As automotive manufacturers seek to reduce production costs and maximize space efficiency, the demand for EPS sensors will continue to rise. Moreover, these systems support flexible design concepts for vehicle interiors, enabling cost savings through modularization and variant reduction.

Figure00001. Global Electric Power Steering (EPS) Sensor Market Size (US$ Million), 2019-2030

Source: QYResearch, "Electric Power Steering (EPS) Sensor - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

Figure00002. Global Electric Power Steering (EPS) Sensor Top 7 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Electric Power Steering (EPS) Sensor - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

According to QYResearch Top Players Research Center, the global key manufacturers of Electric Power Steering (EPS) Sensor include Valeo, Forvia, Bourns, Inc, HL Klemove, etc. In 2023, the global top four players had a share approximately 91.0% in terms of revenue.

According to QYResearch Top Players Research Center, the global key manufacturers of Electric Power Steering (EPS) Sensor include Valeo, Forvia, etc. In 2023, the global top three players had a share approximately 85.0% in terms of revenue.

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