Global Automotive Steer-by-wire System Market 2024-2028

Global Automotive Steer-by-wire System Market 2024-2028


The automotive steer-by-wire system market is forecasted to grow by USD 264.43 mn during 2023-2028, accelerating at a CAGR of 10.27% during the forecast period. The report on the automotive steer-by-wire system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the benefits of SBW system, the electrification of vehicles, and the emergence of autonomous vehicles.

Technavio's automotive steer-by-wire system market is segmented as below:

By Technology
  • Backup mechanical
  • Pure electronic
By Vehicle Type
  • ICE
  • Electric vehicle
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the growing implementation of advanced steering systems in vehicles as one of the prime reasons driving the automotive steer-by-wire system market growth during the next few years. Also, sbw system with integrated torque feedback and increased funding for r and d of autonomous vehicles will lead to sizable demand in the market.

The report on the automotive steer-by-wire system market covers the following areas:
  • Automotive steer-by-wire system market sizing
  • Automotive steer-by-wire system market forecast
  • Automotive steer-by-wire system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive steer-by-wire system market vendors that include AB SKF, Autoliv Inc., BWI Group, China Automotive Systems Inc., Danfoss AS, Eaton Corp. Plc, GKN Automotive Ltd., Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, JTEKT Corp., Knorr Bremse AG, KYB Corp., Mando Corp., Nexteer Automotive Group Ltd., Nissan Motor Co. Ltd., NSK Ltd., PARAVAN GmbH, Parker Hannifin Corp., Robert Bosch GmbH, Schaeffler AG, thyssenkrupp AG, and ZF Friedrichshafen AG. Also, the automotive steer-by-wire system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Technology
      • Table Executive Summary - Chart on Market Segmentation by Vehicle Type
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global automotive steer-by-wire system market 2018 – 2022
      • Table Historic Market Size - Data Table on global automotive steer-by-wire system market 2018 - 2022 ($ million)
    • Technology Segment Analysis 2018 - 2022
      • Table Historic Market Size - Technology Segment 2018 - 2022 ($ million)
    • Vehicle Type Segment Analysis 2018 - 2022
      • Table Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size - Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Technology
    • Market segments
      • Table Chart on Technology - Market share 2023-2028 (%)
      • Table Data Table on Technology - Market share 2023-2028 (%)
    • Comparison by Technology
      • Table Chart on Comparison by Technology
      • Table Data Table on Comparison by Technology
    • Backup mechanical - Market size and forecast 2023-
      • Table Chart on Backup mechanical - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Backup mechanical - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Backup mechanical - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Backup mechanical - Year-over-year growth 2023-2028 (%)
    • Pure electronic - Market size and forecast 2023-2028
      • Table Chart on Pure electronic - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Pure electronic - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Pure electronic - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Pure electronic - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology ($ million)
      • Table Data Table on Market opportunity by Technology ($ million)
  • Market Segmentation by Vehicle Type
    • Market segments
      • Table Chart on Vehicle Type - Market share 2023-2028 (%)
      • Table Data Table on Vehicle Type - Market share 2023-2028 (%)
    • Comparison by Vehicle Type
      • Table Chart on Comparison by Vehicle Type
      • Table Data Table on Comparison by Vehicle Type
    • ICE - Market size and forecast 2023-2028
      • Table Chart on ICE - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on ICE - Market size and forecast 2023-2028 ($ million)
      • Table Chart on ICE - Year-over-year growth 2023-2028 (%)
      • Table Data Table on ICE - Year-over-year growth 2023-2028 (%)
    • Electric vehicle - Market size and forecast 2023-2028
      • Table Chart on Electric vehicle - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Electric vehicle - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Electric vehicle - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Electric vehicle - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Vehicle Type
      • Table Market opportunity by Vehicle Type ($ million)
      • Table Data Table on Market opportunity by Vehicle Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023-2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Benefits of SBW system
      • Electrification of vehicles
      • Emergence of autonomous vehicles
    • Market challenges
      • System reliability issues and acceptance level among consumers
      • Safety and security concerns related to SBW system
      • Accidents involving autonomous vehicle prototypes
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Growing implementation of advanced steering systems in vehicles
      • SBW system with integrated torque feedback
      • Increased funding for R and D of autonomous vehicles
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AB SKF
      • Table AB SKF - Overview
      • Table AB SKF - Business segments
      • Table AB SKF - Key news
      • Table AB SKF - Key offerings
      • Table AB SKF - Segment focus
    • Danfoss AS
      • Table Danfoss AS - Overview
      • Table Danfoss AS - Business segments
      • Table Danfoss AS - Key news
      • Table Danfoss AS - Key offerings
      • Table Danfoss AS - Segment focus
    • Eaton Corp. Plc
      • Table Eaton Corp. Plc - Overview
      • Table Eaton Corp. Plc - Business segments
      • Table Eaton Corp. Plc - Key news
      • Table Eaton Corp. Plc - Key offerings
      • Table Eaton Corp. Plc - Segment focus
    • GKN Automotive Ltd.
      • Table GKN Automotive Ltd. - Overview
      • Table GKN Automotive Ltd. - Product / Service
      • Table GKN Automotive Ltd. - Key offerings
    • Infineon Technologies AG
      • Table Infineon Technologies AG - Overview
      • Table Infineon Technologies AG - Business segments
      • Table Infineon Technologies AG - Key news
      • Table Infineon Technologies AG - Key offerings
      • Table Infineon Technologies AG - Segment focus
    • JTEKT Corp.
      • Table JTEKT Corp. - Overview
      • Table JTEKT Corp. - Business segments
      • Table JTEKT Corp. - Key news
      • Table JTEKT Corp. - Key offerings
      • Table JTEKT Corp. - Segment focus
    • Nexteer Automotive Group Ltd.
      • Table Nexteer Automotive Group Ltd. - Overview
      • Table Nexteer Automotive Group Ltd. - Business segments
      • Table Nexteer Automotive Group Ltd. - Key news
      • Table Nexteer Automotive Group Ltd. - Key offerings
      • Table Nexteer Automotive Group Ltd. - Segment focus
    • Nissan Motor Co. Ltd.
      • Table Nissan Motor Co. Ltd. - Overview
      • Table Nissan Motor Co. Ltd. - Business segments
      • Table Nissan Motor Co. Ltd. - Key news
      • Table Nissan Motor Co. Ltd. - Key offerings
      • Table Nissan Motor Co. Ltd. - Segment focus
    • NSK Ltd.
      • Table NSK Ltd. - Overview
      • Table NSK Ltd. - Product / Service
      • Table NSK Ltd. - Key offerings
    • PARAVAN GmbH
      • Table PARAVAN GmbH - Overview
      • Table PARAVAN GmbH - Product / Service
      • Table PARAVAN GmbH - Key offerings
    • Parker Hannifin Corp.
      • Table Parker Hannifin Corp. - Overview
      • Table Parker Hannifin Corp. - Business segments
      • Table Parker Hannifin Corp. - Key news
      • Table Parker Hannifin Corp. - Key offerings
      • Table Parker Hannifin Corp. - Segment focus
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Key news
      • Table Robert Bosch GmbH - Key offerings
      • Table Robert Bosch GmbH - Segment focus
    • Schaeffler AG
      • Table Schaeffler AG - Overview
      • Table Schaeffler AG - Business segments
      • Table Schaeffler AG - Key offerings
      • Table Schaeffler AG - Segment focus
    • thyssenkrupp AG
      • Table thyssenkrupp AG - Overview
      • Table thyssenkrupp AG - Business segments
      • Table thyssenkrupp AG - Key offerings
      • Table thyssenkrupp AG - Segment focus
    • ZF Friedrichshafen AG
      • Table ZF Friedrichshafen AG - Overview
      • Table ZF Friedrichshafen AG - Business segments
      • Table ZF Friedrichshafen AG - Key news
      • Table ZF Friedrichshafen AG - Key offerings
      • Table ZF Friedrichshafen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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