Automotive Steer-By-Wire System Market 2025-2029
The automotive steer-by-wire system market is forecasted to grow by USD 182.8 mn during 2024-2029, accelerating at a CAGR of 8.1% 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 benefits of sbw system, electrification of vehicles, and 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
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 customization for enhanced driving experience 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., Danfoss AS, Eaton Corp plc, GKN Automotive Ltd., Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, JTEKT Corp., Knorr Bremse AG, KYB Corp., Nexteer Automotive corp, 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 primary and secondary research. 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 accurate market growth.