Global Vehicle Steer-by-wire System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Vehicle Steer-by-wire System Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Vehicle steer-by-wire refers to a system that uses cables and wiring to electronically perform steering operations in a vehicle. In such a setup, there is no longer any mechanical connection between the input component for steering (e.g. the steering wheel) and the vehicle’s wheels. Instead, all steering commands are transmitted electrically by a control unit to a motor that then executes the steering movement, thereby causing the wheels to turn in a corresponding manner. When steer-by-wire system is applied in autonomous cars, the steering wheel is either non-existent or can be folded in and out.

According to our (Global Info Research) latest study, the global Vehicle Steer-by-wire System market size was valued at US$ 248 million in 2023 and is forecast to a readjusted size of USD 19680 million by 2030 with a CAGR of 87.8% during review period.

Global key players of vehicle steer-by-wire system include JTEKT Corporation, Bosch, Nexteer, etc. The top three players hold a share about 59%. Europe is the largest market, has a share about 47%, followed by North America and Asia-Pacific, with share 28% and 24%, separately.

This report is a detailed and comprehensive analysis for global Vehicle Steer-by-wire System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Vehicle Steer-by-wire System market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Vehicle Steer-by-wire System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Vehicle Steer-by-wire System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Vehicle Steer-by-wire System market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Vehicle Steer-by-wire System

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Vehicle Steer-by-wire System market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ZF, JTEKT Corporation, Nexteer, Schaeffler Paravan, Bosch, KYB Corporation, Mando Corporation, NSK Steering Systems, Zhejiang Shibao, DECO Automotive, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Vehicle Steer-by-wire System market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Mechanical Redundancy
Electric Backup Redundancy

Market segment by Application
Level 3 Vehicle
L4-L5 Vehicle

Major players covered
ZF
JTEKT Corporation
Nexteer
Schaeffler Paravan
Bosch
KYB Corporation
Mando Corporation
NSK Steering Systems
Zhejiang Shibao
DECO Automotive
Teemo Technology
ThyssenKrupp

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Vehicle Steer-by-wire System product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Vehicle Steer-by-wire System, with price, sales quantity, revenue, and global market share of Vehicle Steer-by-wire System from 2019 to 2024.

Chapter 3, the Vehicle Steer-by-wire System competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Vehicle Steer-by-wire System breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Vehicle Steer-by-wire System market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Vehicle Steer-by-wire System.

Chapter 14 and 15, to describe Vehicle Steer-by-wire System sales channel, distributors, customers, research findings and conclusion.