Market Overview:
The global Vehicle Steer-by-wire System market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric and hybrid vehicles, rising concerns over safety, and growing demand for advanced driver assistance systems (ADAS). The global Vehicle Steer-by-wire System market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into electronic control unit (ECU), road wheel actuators, force feedback actuator, angular sensor, steering motor, and others. The ECU segment is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. This growth can be attributed to increasing demand for electric vehicles across the globe. On the basis of application,the market is divided into L3 applications such as luxury cars and SUVs; L4-L5 applications such as medium & heavy commercial vehicles; buses; construction equipment; agricultural equipment; passenger cars & light commercial vehicles.
Product Definition:
A steer-by-wire system replaces the mechanical link between the steering wheel and the road wheels with an electronic controller. The system can provide power assistance to the driver or completely take over control of the vehicle.
Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027:
The global Vehicle Steer-by-Wire System (VSS) market was valued at USD 3,packs it's usage and growth factor in the automotive industry. It is expected to grow at a CAGR of XX% over the forecast period. The major factors that propel its demand include reduction in weight, increase fuel efficiency, and improvement in vehicle handling characteristics among others.
Electronic Control Unit:
The electronic control unit (ECU) is a device installed in the steering column of vehicles. It helps to adjust the steering wheel position and speed up or slow down the vehicle's movement through electric motors. The ECU used in vehicle steer-by-wire system has two basic functions, namely monitoring and controlling functions that help to adjust the wheel's angle of rotation by receiving inputs from various sensors present on each side of it.
Application Insights:
The global vehicle steer-by-wire system market is segmented on the basis of application into L3, L4-L5 and others. The L3 segment dominated the overall market in terms of revenue share in 2016. It consists of a combination of ECUs and actuators that are used to control various functions such as power distribution, steering gear ratio adjustment, actuation force amplification etc. These functions are controlled by software programs stored in non-volatile memory devices which consist of flash ROM and DRAM.
The other applications include ADAS/DSAEK systems wherein cameras/laser scanners mounted on the front endscanner nose cone assembly provide input data to an array detector unit which is connected with a digital signal processor for processing these signals for providing accurate 3D images using laser sensors or image scanners at each sensor position thereby enabling high accuracy during lane departure warning or blind spot detection systems respectively.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The region is expected to continue its dominance over the forecast period owing to increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. Europe accounted for a significant share of the overall industry revenue due to growing adoption of steer-by-wire technology coupled with stringent regulations set by government organizations such as European Road Safety Observatory Annual Accident Report 2015 which states that road users must maintain full control over their vehicle at all times, including when steering, braking, accelerating and turning. Asia Pacific is anticipated to witness lucrative growth opportunities over the forecast period owing to rising investments from prominent players in this region along with supportive government initiatives aimed at reducing vehicular accidents across countries such as India and Japan are anticipated boost regional market growth. Moreover, increasing penetration rates of L4 & L5 autonomous cars on public roads will further drive regional product demand during the forecast period.
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
Vehicle Steer-by-wire System Market Research Report
By Type
Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027, 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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Steer-by-wire System Market Report Segments:
The global Vehicle Steer-by-wire System market is segmented on the basis of:
Types
Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027, 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 Vehicle 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:
- Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027
- 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 Vehicle 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.
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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?
Vehicle steer-by-wire system (VSBWS) is a type of electronic control system that uses sensors and controllers to manage the movement of a vehicle. VSBWS systems allow drivers to interact with the car using traditional controls, such as steering and braking, while allowing the car's computer to handle most of the driving tasks.
Some of the major companies in the vehicle steer-by-wire system market are KYB Corporation, Nexteer Automotive, ZF, JTEKT Corporation, Bosch, Schaeffler Paravan, Danfoss, Mando, NSK, ThyssenKrupp.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle 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 Vehicle Steer-by-wire System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle 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 Vehicle 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 Vehicle Steer-by-wire System Market Size & Forecast, 2018-2028
4.5.1 Vehicle Steer-by-wire System Market Size and Y-o-Y Growth
4.5.2 Vehicle Steer-by-wire System Market Absolute $ Opportunity
Chapter 5 Global Vehicle 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 Vehicle Steer-by-wire System Market Size Forecast by Type
5.2.1 Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027
5.2.2 Electronic Control Unit
5.2.3 Road Wheel Actuators
5.2.4 Force Feedback Actuator
5.2.5 Angular Sensor
5.2.6 Steering Motor
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicle 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 Vehicle Steer-by-wire 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 Vehicle 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 Vehicle 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 Vehicle Steer-by-wire System Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle 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 Vehicle Steer-by-wire System Market Size Forecast by Type
9.6.1 Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027
9.6.2 Electronic Control Unit
9.6.3 Road Wheel Actuators
9.6.4 Force Feedback Actuator
9.6.5 Angular Sensor
9.6.6 Steering Motor
9.6.7 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 Vehicle Steer-by-wire 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 Vehicle Steer-by-wire System Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle 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 Vehicle Steer-by-wire System Market Size Forecast by Type
10.6.1 Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027
10.6.2 Electronic Control Unit
10.6.3 Road Wheel Actuators
10.6.4 Force Feedback Actuator
10.6.5 Angular Sensor
10.6.6 Steering Motor
10.6.7 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 Vehicle Steer-by-wire 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 Vehicle Steer-by-wire System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle 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 Vehicle Steer-by-wire System Market Size Forecast by Type
11.6.1 Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027
11.6.2 Electronic Control Unit
11.6.3 Road Wheel Actuators
11.6.4 Force Feedback Actuator
11.6.5 Angular Sensor
11.6.6 Steering Motor
11.6.7 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 Vehicle Steer-by-wire 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 Vehicle Steer-by-wire System Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle 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 Vehicle Steer-by-wire System Market Size Forecast by Type
12.6.1 Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027
12.6.2 Electronic Control Unit
12.6.3 Road Wheel Actuators
12.6.4 Force Feedback Actuator
12.6.5 Angular Sensor
12.6.6 Steering Motor
12.6.7 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 Vehicle Steer-by-wire 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) Vehicle Steer-by-wire System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle 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) Vehicle Steer-by-wire System Market Size Forecast by Type
13.6.1 Global Vehicle Steer-by-wire System Market Size Growth Rate by Components: 2016 VS 2021 VS 2027
13.6.2 Electronic Control Unit
13.6.3 Road Wheel Actuators
13.6.4 Force Feedback Actuator
13.6.5 Angular Sensor
13.6.6 Steering Motor
13.6.7 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) Vehicle Steer-by-wire 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 Vehicle Steer-by-wire System Market: Competitive Dashboard
14.2 Global Vehicle Steer-by-wire 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
