Global Electric Power Steering Market Poised for Growth, Projected to Reach US$ 43.8 Billion by 2032 [Yahoo! Finance]
NXP Semiconductors N.V. (NXPI)
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm
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Source: Yahoo! Finance
Type, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The comprehensive analysis of the global electric power steering market reveals significant growth prospects with expectations to reach a valuation of US$ 43.8 Billion by the year 2032. Drastically shifting market dynamics and a Compound Annual Growth Rate (CAGR) of 5% from 2023 to 2032 underpin the forecasted expansion, fuelled by an escalating demand for fuel-efficient vehicles, tightening environmental regulations, and escalating adoption rates within the electric and hybrid vehicle sectors. The report segments the electric power steering market into various categories including component, mechanism, type, and vehicle type. Analysis within these segments demonstrates that sensors, as a component in the electric power steering system, dominate the market space, while collapsible EPS mechanisms appear to hold a major share within the market structure. Market Segmentation Insights Compone
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NXPI
Earnings
- 2/5/24 - Beat
NXPI
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEF
- 4/5/24 - Form PRE
- NXPI's page on the SEC website