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The automotive steering torque sensor market size is forecast to increase by USD 2.07 billion, at a CAGR of 6.68% between 2023 and 2028. Market growth hinges on multiple factors, including widespread EPS system adoption in passenger vehicles (PVs) and light commercial vehicles (LCVs), rising electric vehicle (EV) demand driving the need for automotive steering torque sensors, and the rapid increase in electronic content per vehicle. These dynamics underscore the automotive industry's shift towards advanced electronic systems to enhance vehicle performance and efficiency. With EPS systems becoming ubiquitous in PVs and LCVs, alongside the burgeoning demand for EVs, the automotive sector is experiencing a notable surge in electronic component integration to meet evolving consumer preferences and regulatory standards. The report provides market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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