Automotive Steer-by-Wire Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A steer-by-wire system is designed and developed to eliminate the physical contact between the wheels and the steering wheel of the vehicle by utilizing electrically controlled motors for changing the direction of the wheels and also for providing feedback to the driver. In the present scenario, the automakers are focusing on manufacturing vehicles by using various electronic systems for enhancing the performance of the vehicles. As steer-by-wire system is easily modifiable, different drivers can be able to adjust the system to accommodate their styles and which in turn will enhance handling.

MARKET DYNAMICS

The key factors that are contributing to the growth of the automotive steer-by-wire market are the implementation of stringent emission norms, raised concerns about in-vehicle safety, need for advanced driver assistance systems, and development and integration of advanced vehicle technologies. Moreover, the increase in vehicle automation is anticipated to boost the market growth in the coming years.

MARKET SCOPE

The "Global Automotive Steer-by-Wire Market Analysis to 2031" is a specialized and in-depth study of the automotive steer-by-wire industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive steer-by-wire market with detailed market segmentation by component, propulsion, vehicle type, and geography. The global automotive steer-by-wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive steer-by-wire market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive steer-by-wire market is segmented on the basis of component, propulsion, and vehicle type. Based on component, the market is segmented as feedback motor, angular sensor, and steering actuator. Further, based on propulsion, the automotive steer-by-wire market is divided into ICE and electric vehicle. Furthermore, on basis of vehicle type, automotive steer-by-wire market is segmented as passenger car, LCV, and HCV.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive steer-by-wire market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive steer-by-wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive steer-by-wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automotive steer-by-wire market for each region.

Automotive Steer-by-Wire Market Report Analysis

Automotive Steer-by-Wire Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Eaton Corporation
• Ficosa International S.A.
• JTEKT Corporation
• Kongsberg Gruppen
• KYB Corporation
• LORD Corporation
• Nexteer Automotive
• Robert Bosch GmbH
• Thyssenkrupp AG

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Feedback Motor
• Angular Sensor
• Steering Actuator

By Propulsion

• ICE
• Electric Vehicle

By Vehicle Type

• Passenger Car
• LCV
• HCV

MARKET PLAYERS

The reports cover key developments in the automotive steer-by-wire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automotive steer-by-wire market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive steer-by-wire in the global market. Below mentioned is the list of few companies engaged in the automotive steer-by-wire market.

The report also includes the profiles of key automotive steer-by-wire companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

•  Eaton Corporation
•  Ficosa International S.A.
•  JTEKT Corporation
•  Kongsberg Gruppen
•  KYB Corporation
•  LORD Corporation
•  Nexteer Automotive
•  Robert Bosch GmbH
•  Thyssenkrupp AG
•  ZF Friedrichshafen AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Steer-by-Wire Market Report Scope