About EPS Controller Industry
In Automotive Electronics Applications, the Electric Power Steering (EPS) Controller industry presents itself as a very vital, if not quite so important, segment that is continuously upgrading itself. Indeed, the EPS controller is considered the brain of the EPS system; it interprets inputs from sensors to determine how much amount of electric assist should be provided to ensure steering that is both smooth and whose responsiveness has been optimized. It is worth mentioning that this promising industry is experiencing a considerable drive owing to the recent surge in the adoption of electric and hybrid vehicles (EV/ HEMS) as EPS offers much better energy savings than conventional hydraulic systems. Furthermore, there is greater demand for more advanced driver-assistance systems (ADAS), which are in need of precise and reliable control of steering, thus fueling high escalation demand for advanced EPS controllers as well. Innovation has become a characteristic of the space, with a few combining it in creating innovations inside this continuous technological evolution for purposes of making them more miniaturized or making them more energy efficient as well as introducing more functionalities today, such as torque vectoring and support for autonomous driving features. Each of the key companies is continuously innovating and producing controllers embedded with phenomenally increased safety and regulatory requirements in mind but for a very diverse portfolio of vehicles.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jingwei Hirain (Beijing, China), Bosch (Gerlingen, Germany), JTEKT (Nagoya, Japan), Nexteer (Auburn Hills, Michigan, USA), ZF (Friedrichshafen, Germany), NSK (Tokyo, Japan), Hitachi Astemo (Tokyo, Japan), Hyundai Mobis (Seoul, South Korea), Thyssenkrupp (Essen, Germany), Mando (Seongnam, South Korea) and CAAS (Chongqing, China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global EPS Controller Industry market by , Application (Park Assist System, Lane Keeping Assist System and Adaptive Steering Control) and Region.
On the basis of geography, the market of EPS Controller Industry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Column Type EPS will boost the EPS Controller Industry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Static EPS will boost the EPS Controller Industry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger Vehicles will boost the EPS Controller Industry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Controller Unit will boost the EPS Controller Industry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.