Market Overview:
The global automotive steer-by-wire system market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles. The global automotive steer-by-wire system market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into pure electronic and backup mechanical. The pure electronic segment is expected to account for a larger share of the global automotive steer-by-wire system market during the forecast period owing to its advantages such as improved fuel efficiency and low emissions. On the basis of application, the passenger vehicles segment is expected to account for a larger share of the global automotive steer-by wire system duringthe forecast period owingtoits high adoption rate across all regions.
Product Definition:
An automotive steer-by-wire system is a system that allows a vehicle to be steered by means of electronic signals, replacing the traditional mechanical linkage between the steering wheel and the road wheels.
Pure Electronic:
Pure Electronic is a system used in automotive steer-by-wire system. It helps to control the vehicle steering by using electronic systems and sensors. The major factor that propels the growth of this market includes growing demand for safety features in vehicles, which has led to an increase in research and development activities related to electronics for automobiles.
Backup Mechanical:
Backup mechanical system is a device that helps in manual steering of the vehicle when the driver's input becomes difficult for normal operation of the vehicle. It is used to help physically impaired drivers or those who are new to driving. The backup system consists of two components, namely, pump and reservoir.
The pump acts as an input device that aids in moving fluid from one place to another; whereas, reservoir stores fluid until it is needed for outputting at required pressure and volume.
Application Insights:
Passenger vehicles segment accounted for the largest share of over 70.0% in 2017 and is expected to continue its dominance over the forecast period. The introduction of advanced safety systems by major automotive manufacturers such as Mercedes-Benz, BMW, Audi, Porsche and Ford has resulted in increased steer-by-wire applications in passenger cars.
The commercial vehicles segment is anticipated to register a significant CAGR of XX% from 2018 to 2030 owing to increasing demand for electric power steering systems from large commercial vehicle manufacturers such as Daimler AG, Volvo AB and Toyota Motor Corporation due to their emission reduction strategies announced for 2030s such as hybrid electric drivetrain or fuel cell powered vehicle technologies which are still under development stage globally.
Furthermore, growing emphasis on reducing carbon emissions by governments across various regions coupled with rising environmental awareness among consumers will boost the adoption rate further especially in Europe.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to technological advancements and increasing demand for advanced driver assistance systems (ADAS) in this region. The U.S., being a major automobile manufacturing hub, has a large number of ADAS applications available for implementation in various makes of vehicles. Europe is also anticipated to witness significant growth over the coming years due to stringent government regulations regarding road safety and growing adoption of these systems by luxury car manufacturers such as BMW, Mercedes Benz, Audi etc.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Growing automotive industry in developing countries
- Rising demand for advanced safety features in vehicles
- Technological advancements in steer-by-wire systems
- Increasing adoption of steer-by-wire systems by OEMs
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Steer-by-wire System Market Research Report
By Type
Pure Electronic, Backup Mechanical
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Bosch, JTEKT, Nexteer Automotive, Nissan, Thyssenkrupp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Steer-by-wire System Market Report Segments:
The global Automotive Steer-by-wire System market is segmented on the basis of:
Types
Pure Electronic, Backup Mechanical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- JTEKT
- Nexteer Automotive
- Nissan
- Thyssenkrupp
Highlights of The Automotive Steer-by-wire System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pure Electronic
- Backup Mechanical
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Steer-by-wire System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive steer-by-wire system (ASBS) is a type of electronic control system used in modern automobiles. ASBS replaces the traditional mechanical linkages between the steering wheel and the vehicle's engine with an electronic connection. This allows for more precise and responsive steering, as well as improved fuel efficiency and emissions control.
Some of the major players in the automotive steer-by-wire system market are Bosch, JTEKT, Nexteer Automotive, Nissan, Thyssenkrupp.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Steer-by-wire System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Steer-by-wire System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Steer-by-wire System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Steer-by-wire System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Steer-by-wire System Market Size & Forecast, 2018-2028
4.5.1 Automotive Steer-by-wire System Market Size and Y-o-Y Growth
4.5.2 Automotive Steer-by-wire System Market Absolute $ Opportunity
Chapter 5 Global Automotive Steer-by-wire System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Steer-by-wire System Market Size Forecast by Type
5.2.1 Pure Electronic
5.2.2 Backup Mechanical
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Steer-by-wire System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Steer-by-wire System Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Steer-by-wire System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Steer-by-wire System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Steer-by-wire System Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Steer-by-wire System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Steer-by-wire System Market Size Forecast by Type
9.6.1 Pure Electronic
9.6.2 Backup Mechanical
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Steer-by-wire System Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Steer-by-wire System Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Steer-by-wire System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Steer-by-wire System Market Size Forecast by Type
10.6.1 Pure Electronic
10.6.2 Backup Mechanical
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Steer-by-wire System Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Steer-by-wire System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Steer-by-wire System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Steer-by-wire System Market Size Forecast by Type
11.6.1 Pure Electronic
11.6.2 Backup Mechanical
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Steer-by-wire System Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Steer-by-wire System Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Steer-by-wire System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Steer-by-wire System Market Size Forecast by Type
12.6.1 Pure Electronic
12.6.2 Backup Mechanical
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Steer-by-wire System Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Steer-by-wire System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Steer-by-wire System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Steer-by-wire System Market Size Forecast by Type
13.6.1 Pure Electronic
13.6.2 Backup Mechanical
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Steer-by-wire System Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Steer-by-wire System Market: Competitive Dashboard
14.2 Global Automotive Steer-by-wire System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 JTEKT
14.3.3 Nexteer Automotive
14.3.4 Nissan
14.3.5 Thyssenkrupp
