Automotive Steer-by-Wire Market Growth, Top Players, and Forecast by 2031
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Automotive Steer-by-Wire Market covers analysis by Component (Feedback Motor, Angular Sensor, Steering Actuator); Propulsion (ICE, Electric Vehicle); Vehicle Type (Passenger Car, LCV, HCV) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Aug 2025
- Report Code : TIPRE00006443
- Category : Automotive and Transportation
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
MARKET INTRODUCTION
A steer-by-wire system is designed and developed to eliminate the physical contact between the wheels and the steering wheel of the vehicle by utilizing electrically controlled motors for changing the direction of the wheels and also for providing feedback to the driver. In the present scenario, the automakers are focusing on manufacturing vehicles by using various electronic systems for enhancing the performance of the vehicles. As steer-by-wire system is easily modifiable, different drivers can be able to adjust the system to accommodate their styles and which in turn will enhance handling.
MARKET DYNAMICS
The key factors that are contributing to the growth of the automotive steer-by-wire market are the implementation of stringent emission norms, raised concerns about in-vehicle safety, need for advanced driver assistance systems, and development and integration of advanced vehicle technologies. Moreover, the increase in vehicle automation is anticipated to boost the market growth in the coming years.
MARKET SCOPE
The "Global Automotive Steer-by-Wire Market Analysis to 2031" is a specialized and in-depth study of the automotive steer-by-wire industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive steer-by-wire market with detailed market segmentation by component, propulsion, vehicle type, and geography. The global automotive steer-by-wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive steer-by-wire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive steer-by-wire market is segmented on the basis of component, propulsion, and vehicle type. Based on component, the market is segmented as feedback motor, angular sensor, and steering actuator. Further, based on propulsion, the automotive steer-by-wire market is divided into ICE and electric vehicle. Furthermore, on basis of vehicle type, automotive steer-by-wire market is segmented as passenger car, LCV, and HCV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive steer-by-wire market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive steer-by-wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive steer-by-wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automotive steer-by-wire market for each region.
MARKET PLAYERS
The reports cover key developments in the automotive steer-by-wire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automotive steer-by-wire market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive steer-by-wire in the global market. Below mentioned is the list of few companies engaged in the automotive steer-by-wire market.
The report also includes the profiles of key automotive steer-by-wire companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Eaton Corporation
- Ficosa International S.A.
- JTEKT Corporation
- Kongsberg Gruppen
- KYB Corporation
- LORD Corporation
- Nexteer Automotive
- Robert Bosch GmbH
- Thyssenkrupp AG
- ZF Friedrichshafen AG
Automotive Steer-by-Wire Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | XX% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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1. Eaton Corporation2. Ficosa International S.A.3. JTEKT Corporation4. Kongsberg Gruppen5. KYB Corporation6. LORD Corporation7. Nexteer Automotive8. Robert Bosch GmbH9. Thyssenkrupp AG10. ZF Friedrichshafen AG
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