Active Power Steering Market Size, Share & Trends Analysis Report By Type (Electric Power Steering System, Hydraulic Power Steering System), By Application (Passenger Car, Commercial Vehicle), By Region, And Segment Forecasts, 2024 - 2030

Active Power Steering Market Size, Share & Trends Analysis Report By Type (Electric Power Steering System, Hydraulic Power Steering System), By Application (Passenger Car, Commercial Vehicle), By Region, And Segment Forecasts, 2024 - 2030


Active Power Steering Market Size & Trends

The global active power steering market size was estimated at USD 10.55 billion in 2023 and is expected to grow at a CAGR of 13.5% from 2024 to 2030. Active power steering is an advanced power steering technology that adjusts both the steering ratio and steering force based on driving speed and conditions. This growth of the market is driven by several factors, including the growing demand for advanced steering systems in commercial as well as passenger vehicles, technological innovations in automotive components, and the growing focus on vehicle safety and fuel efficiency. In addition, the integration of active power steering systems with advanced driver assistance systems (ADAS) and other automated driving technologies is anticipated to further drive market growth.

The active power steering system market is increasingly witnessing the integration of ADAS. This integration enhances safety features such as lane-keeping assist, automatic lane changes, and collision avoidance. Automotive manufacturers are leveraging this technology to provide a more intuitive and safer driving experience. As a result, the demand for vehicles equipped with ADAS and active power steering systems is on the rise.

Ongoing technological advancements are driving the growth of active power steering systems market. Innovations such as steer-by-wire technology, which eliminates the mechanical connection between the steering wheel and wheels, are gaining traction. These advancements offer greater design flexibility and improved performance. For instance, in September 2023, Titan, a UK-based company specializing in EV steering systems, launched a steer-by-wire system. This system is designed for an extensive range of low-volume vehicles, spanning from light commercial vehicles and trucks to supercars. Such initiatives by several manufacturers are expected to bode well for the market’s growth.

Furthermore, the market is poised for substantial growth propelled by increasing demand for electric vehicles, and growing focus on the development of autonomous vehicles. Electric vehicles benefit from the efficiency and precision of active power steering, which is essential for optimal performance. Autonomous vehicles requiring advanced steering capabilities are driving further innovations in this technology. This trend is leading to increased investment and development within the active power steering sector.

The utilization of advanced technologies and materials in active power steering systems often results in higher costs, which may hinder their widespread adoption. In addition, integrating active power steering systems into commercial vehicles demands precise engineering and introduces complexities to vehicle design and manufacturing processes. These challenges can be particularly daunting for manufacturers managing a range of vehicle models and specifications. Thus, the high cost of active power steering systems, particularly in commercial vehicles, and the integration complexities of these systems could hamper the growth of the market.

Global Active Power Steering Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global active power steering market based on type, application, and region:
  • Type Outlook (Revenue, USD Million, 2018 - 2030)
  • Electric Power Steering System
  • Hydraulic Power Steering System
  • Electro-Hydraulic Power Steering System
  • Application Outlook (Revenue, USD Million, 2018 - 2030)
  • Passenger Car
  • Commercial Vehicle
  • Regional Outlook (Revenue, USD Million, 2018 - 2030)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Latin America
  • Brazil
  • Middle East & Africa
  • UAE
  • Kingdom of Saudi Arabia
  • South Africa
Please note The report will be delivered in 4-8 business days upon order notification.


Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definition
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Application Lifecycle Management market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Application Lifecycle Management market Analysis Tools
3.3.1. Porter’s Analysis
3.3.2. PESTEL Analysis
Chapter 4. Application Lifecycle Management market: Component Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Application Lifecycle Management market: Component Movement Analysis, USD Million, 2023 & 2030
4.3. Software
4.3.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Services
4.4.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Application Lifecycle Management market: Deployment Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Application Lifecycle Management market: Deployment Movement Analysis, USD Million, 2023 & 2030
5.3. Cloud
5.3.1. Cloud Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. On-premises
5.4.1. On-premises Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Application Lifecycle Management market: Enterprise Size Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Application Lifecycle Management market: Enterprise Size Movement Analysis, USD Million, 2023 & 2030
6.3. Small & Medium Enterprises
6.3.1. Small & Medium Enterprises Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Large Enterprises
6.4.1. Large Enterprises Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Application Lifecycle Management market: End Use Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Application Lifecycle Management market: End Use Movement Analysis, USD Million, 2023 & 2030
7.3. Automotive & Transportation
7.3.1. Automotive & Transportation Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Manufacturing
7.4.1. Manufacturing Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Aerospace & Defense
7.5.1. Aerospace & Defense Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. BFSI
7.6.1. BFSI Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Energy & Utilities
7.7.1. Energy & Utilities Application Lifecycle Management market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8. Retail & E-commerce
7.8.1. Retail & E-commerce Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.9. Healthcare
7.9.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.10. IT & Telecommunication
7.10.1. IT & Telecommunication Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.11. Others
7.11.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Application Lifecycle Management market: Regional Estimates & Trend Analysis
8.1. Application Lifecycle Management market Share, By Region, 2023 & 2030, USD Million
8.2. North America
8.2.1. North America Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.2.4. Mexico
8.2.4.1. Mexico Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD MIllion)
8.3.3. Germany
8.3.3.1. Germany Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
8.4.3. Japan
8.4.3.1. Japan Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.4. India
8.4.4.1. India Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4.6. Australia
8.4.6.1. Australia Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.2. KSA
8.6.2.1. KSA Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.3. UAE
8.6.3.1. UAE Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa Application Lifecycle Management market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Component Benchmarking
9.6. Company Heat Map Analysis
9.7. Strategy Mapping
9.8. Company Profiles/Listing
9.8.1. Atlassian Corporation Plc
9.8.1.1. Participant’s Overview
9.8.1.2. Financial Performance
9.8.1.3. Product Benchmarking
9.8.1.4. Recent Developments
9.8.2. CollabNet, Inc.
9.8.2.1. Participant’s Overview
9.8.2.2. Financial Performance
9.8.2.3. Product Benchmarking
9.8.2.4. Recent Developments
9.8.3. HP Development Company, L.P.
9.8.3.1. Participant’s Overview
9.8.3.2. Financial Performance
9.8.3.3. Product Benchmarking
9.8.3.4. Recent Developments
9.8.4. Inflectra Corporation
9.8.4.1. Participant’s Overview
9.8.4.2. Financial Performance
9.8.4.3. Product Benchmarking
9.8.4.4. Recent Developments
9.8.5. International Business Machines Corporation (IBM)
9.8.5.1. Participant’s Overview
9.8.5.2. Financial Performance
9.8.5.3. Product Benchmarking
9.8.5.4. Recent Developments
9.8.6. Micro Focus International plc
9.8.6.1. Participant’s Overview
9.8.6.2. Financial Performance
9.8.6.3. Product Benchmarking
9.8.6.4. Recent Developments
9.8.7. Microsoft
9.8.7.1. Participant’s Overview
9.8.7.2. Financial Performance
9.8.7.3. Product Benchmarking
9.8.7.4. Recent Developments
9.8.8. NimbleWork, Inc.
9.8.8.1. Participant’s Overview
9.8.8.2. Financial Performance
9.8.8.3. Product Benchmarking
9.8.8.4. Recent Developments
9.8.9. Parasoft Corporation
9.8.9.1. Participant’s Overview
9.8.9.2. Financial Performance
9.8.9.3. Product Benchmarking
9.8.9.4. Recent Developments
9.8.10. Polarion Software GmbH
9.8.10.1. Participant’s Overview
9.8.10.2. Financial Performance
9.8.10.3. Product Benchmarking
9.8.10.4. Recent Developments
9.8.11. SAP SE
9.8.11.1. Participant’s Overview
9.8.11.2. Financial Performance
9.8.11.3. Product Benchmarking
9.8.11.4. Recent Developments

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings