Automotive Steer-By-Wire System Market By Component (Steering Actuator, Feedback Motor, Angular Sensors, Others), By Propulsion Type (ICE, Electric), By Vehicle Type (Passenger Cars, Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2022-2031
The automotive steer-by-wire system refers to the electronic steering systems that replace traditional mechanical linkages with electronic systems that control the steering of a vehicle. Steer-by-wire system is an emerging technology that offers several advantages over traditional steering systems, such as improved fuel efficiency, reduced weight, and enhanced driving experience. These systems use sensors, motors, and electronic control units to determine the direction and amount of steering input and transmit this information to the steering mechanism. The absence of a physical connection between the steering wheel and the wheels allows for more precise and responsive steering as well as greater design flexibility for automakers.
The global automotive steer-by-wire system market scope covers segmentation based on component, propulsion, vehicle type, and region. The report provides information on various components of the automotive steer-by-wire system such as steering actuator, feedback motor, angular sensors, and others. In addition, it highlights the details about various propulsion systems, including internal combustion engine (ICE) and electric. Passenger cars and commercial cars are the major vehicle types covered in the study. Moreover, it analyzes the current market trends of business travel insurance across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities along with consideration of the COVID-19 impact.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive steer-by-wire system market analysis from 2021 to 2031 to identify the prevailing automotive steer-by-wire system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive steer-by-wire system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive steer-by-wire system market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ComponentSteering Actuator
Feedback Motor
Angular Sensors
Others
By Propulsion TypeICE
Electric
By Vehicle TypePassenger Cars
Commercial Vehicles
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Continental AG
Danfoss
Hitachi Astemo, Ltd.
HL Mando Corp.
JTEKT Corporation
Nexteer Automotive
Robert Bosch GmbH
Schaeffler AG
thyssenkrupp AG
ZF Friedrichshafen AG
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