Global Automated Steering Wheel Market 2018-2022

To identify growth opportunities in the automated steering wheel market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2017-2022. APAC and the Americas will grow faster than the overall market. The growth of EMEA will be slower than the global market.

Below are some of the key findings from the automated steering wheel market research report

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Global automated steering wheel industry overview

The increasing demand for luxury cars with advanced features is one of the primary factors that will trigger the growth of the automated steering wheel market in the coming years. Equipped with advanced technology and feature updates, luxury cars can be differentiated from fully equipped variants of computer cars. Luxury vehicle models showcase the brand image of the company and due to this reason, the automakers equip their luxury vehicle models with the latest technology. In addition, there is an increasing number of road accidents which have increased the demand for having additional safety features in luxury vehicles. The modern-day luxury cars are equipped with advanced driver-assist systems like intelligent all-wheel-drive systems and safety systems.

The increased funding into R&D of autonomous vehicles is one of the key automated steering wheel market trends gaining traction in the market. Automotive artificial intelligence is an expensive affair and its development requires heavy investment. Several car maker companies are focusing on capturing the market by competing to be the first to develop fully functioning autonomous vehicles. Various car manufacturers and technology providers are investing heavily in the development of automotive AI, which, in turn, will lead the market to witness significant growth in the forthcoming years.

Top automated steering wheel companies covered in this market research report

The automated steering wheel market is moderately fragmented with companies focusing on launching innovative products that can cater to the evolving end-user requirements. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automated steering wheel market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several automated steering wheel companies, including:

• Autoliv
• JTEKT
• Nexteer Automotive
• ZF Friedrichshafen

Automated steering wheel market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the Americas will account for the highest growth of this market throughout the forecast period. In addition, the APAC region will account for the fastest growth of the market owing to the growing automotive industry in the emerging economies of the region.

Automated steering wheel market segmentation based on vehicle type

• Passenger cars
• Commercial vehicles

The passenger cars segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction on the contribution of various vehicle types to the growth of the automated steering wheel market size.

Key highlights of the global automated steering wheel market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automated steering wheel market during the next five years
• Precise estimation of the global automated steering wheel market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automated steering wheel industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of automated steering wheel companies

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