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Global Automated Steering Wheel Market 2018-2022

  • Published: Apr 2018
  • Pages: 117
  • SKU: IRTNTR21876
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The global automated steering wheel market size will grow by 5.68 million units during 2018-2022. This report offers an analysis of the market based on vehicle type (passenger cars and commercial vehicles) and geography (the Americas, APAC, and EMEA). The automated steering wheel market research report further presents an in-depth insight on the growth prospects of the market across industries. The report analyzes the market’s competitive landscape and offers information on several companies including Autoliv, JTEKT, Nexteer Automotive, and ZF Friedrichshafen.

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

Automated Steering Wheel Market

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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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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY VEHICLE TYPE

  • Segmentation by vehicle type
  • Comparison by vehicle type
  • Passenger cars – Market size and forecast 2017-2022
  • Commercial vehicles – Market size and forecast 2017-2022
  • Market opportunity by vehicle type

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • APAC – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Development of autonomous fleet of cab and parcel delivery services
  • Increased funding into R&D of autonomous vehicles
  • Gesture recognition technology debuts on steering wheels

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Autoliv
  • JTEKT
  • Nexteer Automotive
  • ZF Friedrichshafen

PART 15: APPENDIX

  • 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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