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Last Updated: Apr 25, 2025 | Study Period:
A crucial piece of technology for fully autonomous driving is electric power steering (EPS). The EPS variations are suitable for light commercial vehicles as well as small, mid-sized, and sports cars.
The steering of the vehicle is managed by an electric motor inside the EPS. A car battery, an alternator, or a circuit problem can all result in EPS failure.
All those automotive components need to undergo routine inspections. On the steering pinion, the sensor is located.
The input shaft has a pole wheel installed on it, and the torsion bar connects it to the steering pinion. This is mainly due to the fact that EPS systems are typically more straightforward and maintenance-friendly than their hydraulic counterparts.
Electric systems are more fuel-efficient than hydraulic ones since they do not require power steering fluid to function and just draw power when necessary.
The Global Electric Power Steering (EPS) Sensor market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Launch of a Modular Column-assist Electric Power Steering System by Nexteer Today, Nexteer Automotive announced the addition of its new Modular Column-Assist EPS System to its lineup of Electric Power Steering (EPS) (mCEPS).
The mCEPS system supports a range of load capacities and other needs and is available in three models: Standard, Enhanced, and Pro.
The SAE autonomous driving Levels 2 through 5 as well as over-the-air (OTA) upgrades and cyber security are supported, for instance, by mCEPS Pro.The AUTOSAR Release 4.0 electrical/software architecture serves as the foundation for all three mCEPS models.
Additionally, Nexteer's specially designed, high-performance torque and rotation angle sensors offer exceptional noise, vibration, and harshness (NVH) performance as well as a smooth, accurate steering feel, which increases drivers' sense of connection to the road.
For vehicle types that have previously utilised conventional CEPS systems, Nexteer's mCEPS system opens up new options.
With a platform design and an extendable electronic control system, mCEPS enables us to satisfy OEM clients' requests for a sophisticated, bespoke, and affordable steering system that is adaptable to customer packaging and other requirements.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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