Market Overview:
The global steer-by-wire control system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. The increasing demand for electric and hybrid vehicles is also contributing to the growth of this market. The global steer-by-wire control system market can be segmented on the basis of type, application, and region. On the basis of type, the global steer-by-wire control system market can be segmented into electronic control unit (ECU), road wheel actuators, force feedback actuator, angular sensor, steering motor, and others.
Product Definition:
A steer-by-wire control system is a type of automotive steering system that replaces the traditional mechanical linkage between the steering wheel and the road wheels with an electronic controller. The importance of a steer-by-wire control system is that it allows for more precise and responsive control of the vehicle's direction.
Electronic Control Unit:
The electronic control unit (ECU) is a device that regulates all the systems and components in an automobile. It's responsible for controlling all the sensors, switches, motors and other devices which are essential to driving a vehicle. The ECU acts as a bridge between driver & vehicle; it receives inputs from various sensors and controls some internal processes such as fuel injection, air intake temperature among others.
Road Wheel Actuators:
Road wheel actuators are used in steer-by-wire control system. They are also known as return road wheel actuators or slip road wheel actuators and their main function is to provide steering input to the vehicle’s steering mechanism.
The slip road wheel is mounted on the steered axle of a front drive vehicle and its movement provides an angle of rotation for the wheels at that position which can be utilized to steer the vehicle.
Application Insights:
The L3 application segment dominated the global steer-by-wire control system market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of electric vehicles in developed economies such as Germany, U.K., and France owing to stringent regulations regarding reduction in vehicular emissions across various regions coupled with growing concerns regarding climatic changes due to increased carbon emission levels from vehicles.
The L4-L5 application segment is expected witness significant growth over the forecast period owing to rising demand for high performance steerable wheels for aircraft applications that require low friction surfaces for maneuverability purposes, especially during takeoffs.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% during the forecast period. The growth can be attributed to increasing government investments in infrastructure development and manufacturing sectors. Moreover, rising demand for passenger cars and commercial vehicles in emerging economies such as India, China, and Japan are expected to drive regional market growth over the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to high R&D spending by manufacturers on steer-by-wire control systems coupled with stringent regulations laid down by various governing bodies pertaining to safety standards set by law is expected drive regional demand over the next eight years.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Growing popularity of advanced driver assistance systems (ADAS)
- Proliferation of autonomous driving technology
- Rising demand for luxury cars and SUVs
- Emergence of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Steer-by-Wire Control System Market Research Report
By Type
Electronic Control Unit, Road Wheel Actuators, Force Feedback Actuator, Angular Sensor, Steering Motor, Others
By Application
L3, L4-L5
By Companies
KYB Corporation, Nexteer Automotive, ZF, JTEKT Corporation, Bosch, Schaeffler Paravan, Danfoss, Mando, NSK, 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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Steer-by-Wire Control System Market Report Segments:
The global Steer-by-Wire Control System market is segmented on the basis of:
Types
Electronic Control Unit, Road Wheel Actuators, Force Feedback Actuator, Angular Sensor, Steering Motor, Others
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
L3, L4-L5
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:
- KYB Corporation
- Nexteer Automotive
- ZF
- JTEKT Corporation
- Bosch
- Schaeffler Paravan
- Danfoss
- Mando
- NSK
- ThyssenKrupp
Highlights of The Steer-by-Wire Control 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:
- Electronic Control Unit
- Road Wheel Actuators
- Force Feedback Actuator
- Angular Sensor
- Steering Motor
- Others
- By Application:
- L3
- L4-L5
- 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 Steer-by-Wire Control 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.
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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?
A steer-by-wire control system is a type of electronic control system that uses sensors to detect the position and movement of aircraft components and then sends commands to actuators (mechanical devices) to move the aircraft. This type of control system eliminates the need for a human pilot to manually operate aircraft controls.
Some of the major companies in the steer-by-wire control system market are KYB Corporation, Nexteer Automotive, ZF, JTEKT Corporation, Bosch, Schaeffler Paravan, Danfoss, Mando, NSK, ThyssenKrupp.
The steer-by-wire control system market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steer-by-Wire Control 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 Steer-by-Wire Control System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steer-by-Wire Control 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 Steer-by-Wire Control 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 Steer-by-Wire Control System Market Size & Forecast, 2018-2028
4.5.1 Steer-by-Wire Control System Market Size and Y-o-Y Growth
4.5.2 Steer-by-Wire Control System Market Absolute $ Opportunity
Chapter 5 Global Steer-by-Wire Control 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 Steer-by-Wire Control System Market Size Forecast by Type
5.2.1 Electronic Control Unit
5.2.2 Road Wheel Actuators
5.2.3 Force Feedback Actuator
5.2.4 Angular Sensor
5.2.5 Steering Motor
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Steer-by-Wire Control 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 Steer-by-Wire Control System Market Size Forecast by Applications
6.2.1 L3
6.2.2 L4-L5
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steer-by-Wire Control 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 Steer-by-Wire Control 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 Steer-by-Wire Control System Analysis and Forecast
9.1 Introduction
9.2 North America Steer-by-Wire Control 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 Steer-by-Wire Control System Market Size Forecast by Type
9.6.1 Electronic Control Unit
9.6.2 Road Wheel Actuators
9.6.3 Force Feedback Actuator
9.6.4 Angular Sensor
9.6.5 Steering Motor
9.6.6 Others
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 Steer-by-Wire Control System Market Size Forecast by Applications
9.10.1 L3
9.10.2 L4-L5
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 Steer-by-Wire Control System Analysis and Forecast
10.1 Introduction
10.2 Europe Steer-by-Wire Control 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 Steer-by-Wire Control System Market Size Forecast by Type
10.6.1 Electronic Control Unit
10.6.2 Road Wheel Actuators
10.6.3 Force Feedback Actuator
10.6.4 Angular Sensor
10.6.5 Steering Motor
10.6.6 Others
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 Steer-by-Wire Control System Market Size Forecast by Applications
10.10.1 L3
10.10.2 L4-L5
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 Steer-by-Wire Control System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Steer-by-Wire Control 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 Steer-by-Wire Control System Market Size Forecast by Type
11.6.1 Electronic Control Unit
11.6.2 Road Wheel Actuators
11.6.3 Force Feedback Actuator
11.6.4 Angular Sensor
11.6.5 Steering Motor
11.6.6 Others
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 Steer-by-Wire Control System Market Size Forecast by Applications
11.10.1 L3
11.10.2 L4-L5
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 Steer-by-Wire Control System Analysis and Forecast
12.1 Introduction
12.2 Latin America Steer-by-Wire Control 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 Steer-by-Wire Control System Market Size Forecast by Type
12.6.1 Electronic Control Unit
12.6.2 Road Wheel Actuators
12.6.3 Force Feedback Actuator
12.6.4 Angular Sensor
12.6.5 Steering Motor
12.6.6 Others
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 Steer-by-Wire Control System Market Size Forecast by Applications
12.10.1 L3
12.10.2 L4-L5
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) Steer-by-Wire Control System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Steer-by-Wire Control 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) Steer-by-Wire Control System Market Size Forecast by Type
13.6.1 Electronic Control Unit
13.6.2 Road Wheel Actuators
13.6.3 Force Feedback Actuator
13.6.4 Angular Sensor
13.6.5 Steering Motor
13.6.6 Others
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) Steer-by-Wire Control System Market Size Forecast by Applications
13.10.1 L3
13.10.2 L4-L5
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 Steer-by-Wire Control System Market: Competitive Dashboard
14.2 Global Steer-by-Wire Control System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KYB Corporation
14.3.2 Nexteer Automotive
14.3.3 ZF
14.3.4 JTEKT Corporation
14.3.5 Bosch
14.3.6 Schaeffler Paravan
14.3.7 Danfoss
14.3.8 Mando
14.3.9 NSK
14.3.10 ThyssenKrupp
