PUBLISHER: Allied Market Research | PRODUCT CODE: 1298425
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298425
The automotive steer-by-wire system refers to the electronic steering systems that replace traditional mechanical linkages with electronic systems that control the steering of a vehicle. Steer-by-wire system is an emerging technology that offers several advantages over traditional steering systems, such as improved fuel efficiency, reduced weight, and enhanced driving experience. These systems use sensors, motors, and electronic control units to determine the direction and amount of steering input and transmit this information to the steering mechanism. The absence of a physical connection between the steering wheel and the wheels allows for more precise and responsive steering as well as greater design flexibility for automakers.
The global automotive steer-by-wire system market scope covers segmentation based on component, propulsion, vehicle type, and region. The report provides information on various components of the automotive steer-by-wire system such as steering actuator, feedback motor, angular sensors, and others. In addition, it highlights the details about various propulsion systems, including internal combustion engine (ICE) and electric. Passenger cars and commercial cars are the major vehicle types covered in the study. Moreover, it analyzes the current market trends of business travel insurance across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities along with consideration of the COVID-19 impact.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder.