Market Overview:
The global automotive steering-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 advanced safety features in vehicles and the growing trend of autonomous driving. Based on type, the MS segment is expected to account for a major share of the global automotive steering-by-wire system market during the forecast period. This can be attributed to its high adoption rate in passenger cars. However, HPS is expected to register highest CAGR over the forecast period owing to its growing demand from commercial vehicles. By application, passenger cars are anticipated witness higher adoption rates as compared with commercial vehicles during 2018–2030 owing rising consumer preference for comfort and luxury features in their vehicles.
Product Definition:
An automotive steering-by-wire system is a type of vehicle steering system that replaces the traditional mechanical linkage between the steering wheel and the front wheels. Instead, it relies on electronic sensors and actuators to translate driver input into wheel movement.
MS:
The market for steering-by-wire system is expected to witness significant growth over the forecast period owing to increasing demand for automobiles and technological advancements. The steering wheel has been a standard component in most of the vehicles manufactured up till date. It has played an important role in controlling and maneuvering vehicles on road.
HPS:
HPS (Heads-up Display) is a transparent display that presents information in the driver's line of sight. It replaces the instrument cluster and traditional gauges with one single, high-resolution screen. The technology has been around for more than two decades but only recently has it started to gain widespread acceptance in the automotive market.
Application Insights:
The commercial vehicle segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth on account of increasing demand for trucks, buses and coaches from various end-use industries such as construction, mining and quarrying, etc. Furthermore, technological advancements in the commercial vehicles are also expected to contribute significantly towards steering-by-wire systems market growth over the forecast period.
Passenger car drivers have a higher level of comfort when they drive sports cars or luxury cars with EPS than when they drive standard passenger cars with manual transmission or conventional power steering systems. In addition, drivers find it easy to handle and control their vehicles using EPS owing to its advanced technology features that help improve vehicle maneuverability at high speeds without skidding or fishtailing caused by traditional mechanical linkages and cables used in conventional power steering systems.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing demand for advanced driver assistance systems (ADAS) and electronic stability programs (ESP). Asia Pacific is anticipated to witness significant growth over the next eight years, registering a CAGR of XX% from 2018 to 2030. This can be attributed primarily to rising investments by OEMs in developing countries such as China and India. Moreover, growing sales of premium cars are also expected drive regional growth. Europe accounted for over 25% share of overall revenue in 2017 due to high demand from major automotive manufacturers including Daimler AG; BMW Group; Ford Motor Company; PSA Peugeot Citroen; Fiat Chrysler Automobiles N.V.; Volkswagen Group; Hyundai Motor Company Ltd.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Growing automotive industry in developing countries
- Rising demand for advanced safety features in automobiles
- Proliferation of electric and hybrid vehicles
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Steering-by-Wire System Market Research Report
By Type
MS, HPS, EHPS, EPS
By Application
Commercial Vehicle, Passenger Car
By Companies
Bosch, Continental, Schaeffler, Nexteer Automotive, ZF, Bethel Automotive Safety, Mando, NSK, JTEKT, NASN Automotive Electronics, Bosch, Global Technology, Zhejiang VIE Science & Technology, Trinova, Tongyu Automotive
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Steering-by-Wire System Market Report Segments:
The global Automotive Steering-by-Wire System market is segmented on the basis of:
Types
MS, HPS, EHPS, EPS
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
Commercial Vehicle, Passenger Car
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
- Continental
- Schaeffler
- Nexteer Automotive
- ZF
- Bethel Automotive Safety
- Mando
- NSK
- JTEKT
- NASN Automotive Electronics
- Bosch
- Global Technology
- Zhejiang VIE Science & Technology
- Trinova
- Tongyu Automotive
Highlights of The Automotive Steering-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:
- MS
- HPS
- EHPS
- EPS
- By Application:
- Commercial Vehicle
- Passenger Car
- 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 Steering-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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- Product & Brand Management
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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 steering-by-wire system (ASBS) is a technology that replaces traditional hydraulic or electric steering systems with computerized control. ASBS systems are becoming more common in new cars, as they offer several advantages over traditional systems. These include improved fuel economy and reduced emissions.
Some of the key players operating in the automotive steering-by-wire system market are Bosch, Continental, Schaeffler, Nexteer Automotive, ZF, Bethel Automotive Safety, Mando, NSK, JTEKT, NASN Automotive Electronics, Bosch, Global Technology, Zhejiang VIE Science & Technology, Trinova, Tongyu Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Steering-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 Steering-by-Wire System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Steering-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 Steering-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 Steering-by-Wire System Market Size & Forecast, 2018-2028
4.5.1 Automotive Steering-by-Wire System Market Size and Y-o-Y Growth
4.5.2 Automotive Steering-by-Wire System Market Absolute $ Opportunity
Chapter 5 Global Automotive Steering-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 Steering-by-Wire System Market Size Forecast by Type
5.2.1 MS
5.2.2 HPS
5.2.3 EHPS
5.2.4 EPS
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Steering-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 Steering-by-Wire System Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Steering-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 Steering-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 Steering-by-Wire System Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Steering-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 Steering-by-Wire System Market Size Forecast by Type
9.6.1 MS
9.6.2 HPS
9.6.3 EHPS
9.6.4 EPS
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 Steering-by-Wire System Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Car
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 Steering-by-Wire System Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Steering-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 Steering-by-Wire System Market Size Forecast by Type
10.6.1 MS
10.6.2 HPS
10.6.3 EHPS
10.6.4 EPS
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 Steering-by-Wire System Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Car
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 Steering-by-Wire System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Steering-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 Steering-by-Wire System Market Size Forecast by Type
11.6.1 MS
11.6.2 HPS
11.6.3 EHPS
11.6.4 EPS
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 Steering-by-Wire System Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Car
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 Steering-by-Wire System Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Steering-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 Steering-by-Wire System Market Size Forecast by Type
12.6.1 MS
12.6.2 HPS
12.6.3 EHPS
12.6.4 EPS
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 Steering-by-Wire System Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Car
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 Steering-by-Wire System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Steering-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 Steering-by-Wire System Market Size Forecast by Type
13.6.1 MS
13.6.2 HPS
13.6.3 EHPS
13.6.4 EPS
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 Steering-by-Wire System Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Car
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 Steering-by-Wire System Market: Competitive Dashboard
14.2 Global Automotive Steering-by-Wire System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental
14.3.3 Schaeffler
14.3.4 Nexteer Automotive
14.3.5 ZF
14.3.6 Bethel Automotive Safety
14.3.7 Mando
14.3.8 NSK
14.3.9 JTEKT
14.3.10 NASN Automotive Electronics
14.3.11 Bosch
14.3.12 Global Technology
14.3.13 Zhejiang VIE Science & Technology
14.3.14 Trinova
14.3.15 Tongyu Automotive
