PUBLISHER: TechNavio | PRODUCT CODE: 1366495
PUBLISHER: TechNavio | PRODUCT CODE: 1366495
The automotive steer-by-wire system market is forecasted to grow by USD 264.43 mn during 2023-2028, accelerating at a CAGR of 10.27% during the forecast period. The report on the automotive steer-by-wire system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the benefits of SBW system, the electrification of vehicles, and the emergence of autonomous vehicles.
Technavio's automotive steer-by-wire system market is segmented as below:
Market Scope | |
---|---|
Base Year | 2022 |
End Year | 2027 |
Series Year | 2023-2027 |
Growth Momentum | Accelerate |
YOY 2023 | 9.01% |
CAGR | 10.27% |
Incremental Value | $264.43mn |
By Technology
By Vehicle Type
By Geographical Landscape
This study identifies the growing implementation of advanced steering systems in vehicles as one of the prime reasons driving the automotive steer-by-wire system market growth during the next few years. Also, sbw system with integrated torque feedback and increased funding for r and d of autonomous vehicles will lead to sizable demand in the market.
The report on the automotive steer-by-wire system market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive steer-by-wire system market vendors that include AB SKF, Autoliv Inc., BWI Group, China Automotive Systems Inc., Danfoss AS, Eaton Corp. Plc, GKN Automotive Ltd., Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, JTEKT Corp., Knorr Bremse AG, KYB Corp., Mando Corp., Nexteer Automotive Group Ltd., Nissan Motor Co. Ltd., NSK Ltd., PARAVAN GmbH, Parker Hannifin Corp., Robert Bosch GmbH, Schaeffler AG, thyssenkrupp AG, and ZF Friedrichshafen AG. Also, the automotive steer-by-wire system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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