Global Automotive Steer-by-wire System Market 2018-2022
- Published: May 2018
- Pages: 80
- SKU: IRTNTR21904
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The automotive steer-by-wire system market size will grow by 35,763 units during 2018-2022. This report offers an analysis of the market based on technology type (pure electronic system and backup mechanical system) and geography (the Americas, APAC, and EMEA). Automotive steer-by-wire system market research report analyzes the market’s competitive landscape and offers information on several companies including Bosch, JTEKT Corporation, Nexteer Automotive, Nissan, and thyssenKrupp.
Below are some of the key findings from the automotive steer-by-wire system market research report
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Global Automotive Steer-by-Wire System Industry Overview
Electrification of vehicles is intensifying competition in the automotive industry in recent years. Vehicle electrification is no more limited to headlights and ignitions systems. The automotive industry is experiencing rapid growth rates owing to increased miniaturization, advanced lightweight materials, and integration of intelligent technologies. One such industry advancement which is increasing the electrification of automotive steering systems is SBW. SBW makes driving easy with the use of sensors, control modules, and units. The SBW system enhances the vehicle’s safety by reducing the crash impact owing to reduced mechanical linkages and components. Such benefits of the SBW system will drive the growth of the automotive steer-by-wire system market worth.
One of the key trends which impact the automotive steer-by-wire system market size is growing implementation of advanced steering systems in vehicles. The automotive industry is witnessing leading developments in steering systems. Recent advancements in the steering systems include steering on demand system, SBW system, stowable steering column, quiet wheel system, and cyber secured advanced steering. Several automakers in the market are working towards implementing advanced steering systems in their vehicles. It is expected that this trend will continue in the next few years.
Top automotive steer-by-wire system companies covered in this market research report
The automotive steer-by-wire system market is fairly concentrated with companies focusing on offering innovative products in using technologies such as pure electronic, and backup mechanical. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive steer-by-wire system industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- JTEKT Corporation
- Nexteer Automotive
Automotive steer-by-wire system market segmentation based on geographic regions
With a comprehensive study of the growth opportunities for the companies, the Americas will account for the highest growth of the automotive steer-by-wire market size throughout the forecast period.
Automotive steer-by-wire system market segmentation based on technology type
- Pure electronic system
- Backup mechanical system
The backup mechanical system market segment was the sole contributor to the overall automotive steer-by-wire system market share. The report provides an accurate prediction of the contribution of the various segments to the growth of the automotive steer-by-wire system market size.
Key highlights of the global automotive steer-by-wire system 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 automotive steer-by-wire system market during the next five years
- Precise estimation of the global automotive steer-by-wire system market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive steer-by-wire system 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 automotive steer-by-wire system companies
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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