The steer-by-wire system enables complete steering control to the driver by eliminating any mechanical linkages. The current market landscape for the steer-by-wire system is supported by technological advancements in the automotive industry and enhancements in the driving dynamics. The increasing purchasing power of the population is likely to play a significant role in the robust growth of the steer-by-wire system market in the Asia Pacific region during the forecast period.
The steer-by-wire system market is anticipated to grow in the forecast period owing to driving factors such as easy integration and independence of design coupled with the growing demand for better fuel efficiency. Also, enhanced steering functionality is expected to augment the growth of the steer-by-wire system market. However, reluctance in adoption and associated high cost may hamper the growth of the steer-by-wire system market during the forecast period. Nevertheless, the demand for autonomous vehicles is foreseen to create excellent opportunities for the steer-by-wire system market players in the coming years.
The "Global Steer-by-Wire System Market Analysis to 2027" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of steer-by-wire system market with detailed market segmentation by component, propulsion type, vehicle type, and geography. The global steer-by-wire system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading steer-by-wire system market players and offers key trends and opportunities in the market.
The global steer-by-wire system market is segmented on the basis of component, propulsion type, and vehicle type. Based on component, the market is segmented as steering actuator, angular sensors, feedback motor, and others. On the basis of the propulsion type, the market is segmented as ICE and electric. The market on the basis of the vehicle type, is classified as passenger cars, heavy commercial vehicles, and light commercial vehicles.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global steer-by-wire system market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The steer-by-wire system 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 steer-by-wire system 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 all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the xx market in these regions.
The reports cover key developments in the steer-by-wire system 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 players from steer-by-wire system market are anticipated to lucrative growth opportunities in the future with the rising demand for steer-by-wire system in the global market. Below mentioned is the list of few companies engaged in the steer-by-wire system market.
The report also includes the profiles of key steer-by-wire system 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 developments in the past five years.
- Eaton Corporation
- Hitachi Automotive Systems Americas, Inc.
- Nexteer Automotive Corporation
- Nissan Motor Corporation
- PARAVAN GmbH (Adolf Würth GmbH & Co. KG)
- Robert Bosch GmbH
- thyssenkrupp AG
- ZF Friedrichshafen AG
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