Global Vehicle Steer-by-wire System Market Growth 2025-2031

Global Vehicle Steer-by-wire System Market Growth 2025-2031

The global Vehicle Steer-by-wire System market size is predicted to grow from US$ 427 million in 2025 to US$ 22230 million in 2031; it is expected to grow at a CAGR of 93.3% from 2025 to 2031.

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.

A steer-by-wire system is an advanced steering technology that replaces traditional mechanical linkages with electronic controls to steer a vehicle. In this system, the physical connection between the steering wheel and the wheels is eliminated, allowing for a more flexible and responsive steering experience. Instead of using mechanical components, steer-by-wire systems rely on sensors, actuators, and electronic control units to transmit steering inputs from the driver to the vehicle's wheels.

One of the primary advantages of steer-by-wire technology is its ability to enhance driving comfort and vehicle handling. By using electronic systems, manufacturers can fine-tune the steering response, making it adaptable to different driving conditions and preferences. For instance, the system can provide lighter steering at low speeds for easier maneuverability, while increasing resistance at higher speeds for improved stability.

Additionally, steer-by-wire systems contribute to weight reduction in vehicles. The absence of physical components like steering columns and linkages allows for a more compact design, which can improve fuel efficiency and overall performance. This technology also enables the integration of advanced features, such as lane-keeping assistance and automated driving capabilities, making it a crucial component in the development of autonomous vehicles.

However, the transition to steer-by-wire systems poses challenges, including ensuring system reliability and safety. Since this technology relies heavily on electronic components, robust fail-safe mechanisms must be in place to maintain control in case of system failures. Despite these challenges, the steer-by-wire system represents a significant step toward the future of automotive engineering, offering enhanced functionality, improved vehicle dynamics, and paving the way for smarter driving experiences.

LP Information, Inc. (LPI) ' newest research report, the “Vehicle Steer-by-wire System Industry Forecast” looks at past sales and reviews total world Vehicle Steer-by-wire System sales in 2024, providing a comprehensive analysis by region and market sector of projected Vehicle Steer-by-wire System sales for 2025 through 2031. With Vehicle Steer-by-wire System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Steer-by-wire System industry.

This Insight Report provides a comprehensive analysis of the global Vehicle Steer-by-wire System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle Steer-by-wire System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle Steer-by-wire System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Steer-by-wire System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Steer-by-wire System.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Steer-by-wire System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Mechanical Redundancy
Electric Backup Redundancy

Segmentation by Application:
Level 3 Vehicle
L4-L5 Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ZF
JTEKT Corporation
Nexteer
Schaeffler
Bosch
KYB Corporation
Mando Corporation
NSK Steering Systems
Zhejiang Shibao
DECO Automotive
Teemo Technology
ThyssenKrupp

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vehicle Steer-by-wire System market?

What factors are driving Vehicle Steer-by-wire System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vehicle Steer-by-wire System market opportunities vary by end market size?

How does Vehicle Steer-by-wire System break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.