Automotive Steer-by-wire System Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, India, Germany - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 169 SKU: IRTNTR73480

Automotive Steer-by-wire System Market 2024-2028 

The automotive steer-by-wire system market size is estimated to grow at a CAGR of 10.27% between 2023 and 2028. The market size is forecast to increase by USD 264.43 million. The growth of the market depends on several factors such as the benefits of the SBW system, the electrification of vehicles, and the emergence of autonomous vehicles. 

This automotive steer-by-wire system market report extensively covers market segmentation by technology (backup mechanical and pure electronic), vehicle type (ICE and electric vehicle), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.

What will be the size of the Automotive Steer-by-wire System Market During the Forecast Period?

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Automotive Steer-by-wire System Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Automotive Steer-by-wire System Market Driver

The benefits of the SBW system are notable driving the market growth. The global automotive steer-by-wire system market is growing in line with the growing volume of sales of luxury vehicles. SBW system is an electronic system with enhanced functional accuracy. The major advantage associated with equipping vehicles with SBW systems is that it reduces the weight of the vehicle, which results in increased fuel efficiency. The SBW system enhances the vehicle's safety by reducing the crash impact owing to reduced mechanical linkages and components. Furthermore, the elimination of mechanical linkages minimizes road vibrations transmitted through the steering column, leading to a smoother and more comfortable drive.

Moreover, with growing advancements, modular design of SBW systems may become possible, which would lead to faster production. The incorporation of an active steering system in SBW may lead to vehicle handling optimization and further improve the car's active lane control system. Such benefits of the SBW system are expected to drive the growth of the global automotive steer-by-wire system market during the forecast period.

Key Automotive Steer-by-wire System Market Trends

Increased funding for the R&D of autonomous vehicles is an emerging trend shaping market growth. The development of automotive AI requires a significant amount of funding. Automakers are racing to be the first to develop fully-functioning autonomous vehicles and capture the market. Companies, namely Delphi, Intel, Mercedes-Benz, and Ford, are the major players that have invested heavily in the development of automotive AI. Automakers are investing in technology companies that specialize in technologies relating to AI.

For instance, in January 2021, Microsoft Corp. partnered with Cruise, a self-driving car manufacturer. Microsoft Corp. made an equity investment of USD2 billion in Cruise. Previously, Honda and General Motors also invested in Cruise. Such developments are expected to drive the growth of the market during the forecast period. 

Major Automotive Steer-by-wire System Market Challenge

Accidents involving autonomous vehicle prototypes are a significant challenge hindering market growth. Safety is one of the biggest concerns that is challenging connected and automated vehicle technologies. Tesla's self-driving cars are not fully accident-proof. According to the National Highway Traffic Safety Administration, Tesla's autopilot has been involved in 12 accidents till August 2021. The lack of safety guidelines to certify a new technology as safest or "safe enough" may cause apprehensions among potential buyers of such technology systems. An SBW system serves as a stepping stone to autonomous cars in the future.

However, the SBW system is expected to be an integral part of autonomous vehicles in the future. Hence, increasing on-road collisions involving autonomous cars question the reliability of such cars and the systems therein, which can be a hindrance to the growth of the market in focus during the forecast period

Automotive Steer-by-wire System Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Automotive Steer-by-wire System Market Customer Landscape

Who are the Major Automotive Steer-by-wire System Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB SKF - The company offers automotive steer-by-wire systems such as Bertone-SKF which replaces traditional hydraulic and mechanical systems in vehicles.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • 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

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What are the Largest-Growing Segments in the Automotive Steer-by-wire System Market?

The backup mechanical segment is estimated to witness significant growth during the forecast period. The backup mechanical segment of the global automotive steer-by-wire system market is expected to grow at a moderate pace. High-volume sales of automobiles with the SBW system equipped with the backup mechanical system are driving the growth of the market in focus. The emergency benefits associated with having a backup mechanical system, in case of malfunction of the SBW system, are pushing automakers to adopt such systems.

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The backup mechanical segment was the largest segment and was valued at  USD 298.48 million in 2018In the last ten years, a large number of recalls involving SBW systems have highlighted the importance of a mechanical connection if any failure is detected. For instance, Infiniti Motor Co., a subsidiary of Nissan Motor Co., Ltd., witnessed a large number (more than 60,000) of vehicle recalls due to faults in the SBW system. However, a failure in SBW systems can delay the deployment of a mechanical backup, which is still a major challenge for the vendors operating in the market and can negatively impact segment growth during the forecast period.

Which are the Key Regions for the Automotive Steer-by-wire System Market?

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APAC is estimated to contribute 53% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The automotive steer-by-wire system market in APAC accounted for the second-highest market share in the market in focus. The emerging economies of APAC are driving the growth of the regional market. In addition, developed automotive markets, such as Japan, South Korea, and Australia, are also contributing to the growth of the market. The sales of INFINITI's vehicles in APAC nations, such as Japan, South Korea, China, and Australia, are acting as a market enabler for the growth of the market in focus in the region. We expect INFINITI to enter other markets of APAC, which would further act as a market enabler. Japan introduced fleets of autonomous taxis, buses, trucks, and private vehicles in the Tokyo Olympics and Paralympic in 2021.

For instance, Toyota Motor Corp launched the e-Palette, a fully autonomous vehicle for the Tokyo Olympics. Apart from Japanese companies, Chinese companies are increasingly investing in automotive AI for semi-autonomous vehicles. The project named Apollo will basically be a software platform that will enable the company's automotive and software partners to develop their distinct driving systems. Such factors are expected to drive market growth in the region during the forecast period.

The COVID-19 pandemic led to the temporary shutdown of the automotive industry in several countries across APAC, which led to a decline in the production of automobiles and related components in 2020. However, the initiation of mass vaccination drives helped the regional market recover in 2021. Additionally, future growth is expected to be supported by escalating technological advancements and rising consumer demand for safer and more practical vehicles. Hence, owing to such growth trends, the regional market is expected to witness moderate growth during the forecast period.

Segment Overview

The automotive steer-by-wire system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Technology Outlook (USD Million, 2018-2028)
    • Backup mechanical
    • Pure electronic
  • Vehicle Type Outlook (USD Million,2018-2028)
    • ICE
    • Electric vehicle
  • Region Outlook (USD Million, 2018-2028)
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil 
      • Argentina 
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Automotive Steer-by-wire System Market Scope

Report Coverage

Details

Page number

169

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.27%

Market Growth 2024-2028

USD 264.43 million

Market structure

Fragmented

YoY growth 2023-2024(%)

9.01

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 53%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Steer-by-wire System Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global automotive steer-by-wire system market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global automotive steer-by-wire system market 2018 - 2022 ($ million)
    • 4.2 Technology Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Technology Segment 2018 - 2022 ($ million)
    • 4.3 Vehicle Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Vehicle Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)
    • 6.2 Comparison by Technology
      • Exhibit 32: Chart on Comparison by Technology
      • Exhibit 33: Data Table on Comparison by Technology
    • 6.3 Backup mechanical - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Backup mechanical - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Backup mechanical - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Backup mechanical - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Backup mechanical - Year-over-year growth 2023-2028 (%)
    • 6.4 Pure electronic - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Pure electronic - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Pure electronic - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Pure electronic - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Pure electronic - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Technology
      • Exhibit 42: Market opportunity by Technology ($ million)
      • Exhibit 43: Data Table on Market opportunity by Technology ($ million)

    7 Market Segmentation by Vehicle Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Vehicle Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Vehicle Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Vehicle Type
      • Exhibit 46: Chart on Comparison by Vehicle Type
      • Exhibit 47: Data Table on Comparison by Vehicle Type
    • 7.3 ICE - Market size and forecast 2023-2028
      • Exhibit 48: Chart on ICE - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on ICE - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on ICE - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on ICE - Year-over-year growth 2023-2028 (%)
    • 7.4 Electric vehicle - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Electric vehicle - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Electric vehicle - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Electric vehicle - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Electric vehicle - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Vehicle Type
      • Exhibit 56: Market opportunity by Vehicle Type ($ million)
      • Exhibit 57: Data Table on Market opportunity by Vehicle Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 AB SKF
              • Exhibit 111: AB SKF - Overview
              • Exhibit 112: AB SKF - Business segments
              • Exhibit 113: AB SKF - Key news
              • Exhibit 114: AB SKF - Key offerings
              • Exhibit 115: AB SKF - Segment focus
            • 12.4 Danfoss AS
              • Exhibit 116: Danfoss AS - Overview
              • Exhibit 117: Danfoss AS - Business segments
              • Exhibit 118: Danfoss AS - Key news
              • Exhibit 119: Danfoss AS - Key offerings
              • Exhibit 120: Danfoss AS - Segment focus
            • 12.5 Eaton Corp. Plc
              • Exhibit 121: Eaton Corp. Plc - Overview
              • Exhibit 122: Eaton Corp. Plc - Business segments
              • Exhibit 123: Eaton Corp. Plc - Key news
              • Exhibit 124: Eaton Corp. Plc - Key offerings
              • Exhibit 125: Eaton Corp. Plc - Segment focus
            • 12.6 GKN Automotive Ltd.
              • Exhibit 126: GKN Automotive Ltd. - Overview
              • Exhibit 127: GKN Automotive Ltd. - Product / Service
              • Exhibit 128: GKN Automotive Ltd. - Key offerings
            • 12.7 Infineon Technologies AG
              • Exhibit 129: Infineon Technologies AG - Overview
              • Exhibit 130: Infineon Technologies AG - Business segments
              • Exhibit 131: Infineon Technologies AG - Key news
              • Exhibit 132: Infineon Technologies AG - Key offerings
              • Exhibit 133: Infineon Technologies AG - Segment focus
            • 12.8 JTEKT Corp.
              • Exhibit 134: JTEKT Corp. - Overview
              • Exhibit 135: JTEKT Corp. - Business segments
              • Exhibit 136: JTEKT Corp. - Key news
              • Exhibit 137: JTEKT Corp. - Key offerings
              • Exhibit 138: JTEKT Corp. - Segment focus
            • 12.9 Nexteer Automotive Group Ltd.
              • Exhibit 139: Nexteer Automotive Group Ltd. - Overview
              • Exhibit 140: Nexteer Automotive Group Ltd. - Business segments
              • Exhibit 141: Nexteer Automotive Group Ltd. - Key news
              • Exhibit 142: Nexteer Automotive Group Ltd. - Key offerings
              • Exhibit 143: Nexteer Automotive Group Ltd. - Segment focus
            • 12.10 Nissan Motor Co. Ltd.
              • Exhibit 144: Nissan Motor Co. Ltd. - Overview
              • Exhibit 145: Nissan Motor Co. Ltd. - Business segments
              • Exhibit 146: Nissan Motor Co. Ltd. - Key news
              • Exhibit 147: Nissan Motor Co. Ltd. - Key offerings
              • Exhibit 148: Nissan Motor Co. Ltd. - Segment focus
            • 12.11 NSK Ltd.
              • Exhibit 149: NSK Ltd. - Overview
              • Exhibit 150: NSK Ltd. - Product / Service
              • Exhibit 151: NSK Ltd. - Key offerings
            • 12.12 PARAVAN GmbH
              • Exhibit 152: PARAVAN GmbH - Overview
              • Exhibit 153: PARAVAN GmbH - Product / Service
              • Exhibit 154: PARAVAN GmbH - Key offerings
            • 12.13 Parker Hannifin Corp.
              • Exhibit 155: Parker Hannifin Corp. - Overview
              • Exhibit 156: Parker Hannifin Corp. - Business segments
              • Exhibit 157: Parker Hannifin Corp. - Key news
              • Exhibit 158: Parker Hannifin Corp. - Key offerings
              • Exhibit 159: Parker Hannifin Corp. - Segment focus
            • 12.14 Robert Bosch GmbH
              • Exhibit 160: Robert Bosch GmbH - Overview
              • Exhibit 161: Robert Bosch GmbH - Business segments
              • Exhibit 162: Robert Bosch GmbH - Key news
              • Exhibit 163: Robert Bosch GmbH - Key offerings
              • Exhibit 164: Robert Bosch GmbH - Segment focus
            • 12.15 Schaeffler AG
              • Exhibit 165: Schaeffler AG - Overview
              • Exhibit 166: Schaeffler AG - Business segments
              • Exhibit 167: Schaeffler AG - Key offerings
              • Exhibit 168: Schaeffler AG - Segment focus
            • 12.16 thyssenkrupp AG
              • Exhibit 169: thyssenkrupp AG - Overview
              • Exhibit 170: thyssenkrupp AG - Business segments
              • Exhibit 171: thyssenkrupp AG - Key offerings
              • Exhibit 172: thyssenkrupp AG - Segment focus
            • 12.17 ZF Friedrichshafen AG
              • Exhibit 173: ZF Friedrichshafen AG - Overview
              • Exhibit 174: ZF Friedrichshafen AG - Business segments
              • Exhibit 175: ZF Friedrichshafen AG - Key news
              • Exhibit 176: ZF Friedrichshafen AG - Key offerings
              • Exhibit 177: ZF Friedrichshafen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              automotive steer-by-wire system market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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