Automotive Steer-by-wire System Market Trends, Business Overview, Industry Growth and Forecast to 2028

Automotive Steer-by-wire systems are designed and developed to eliminate physical contact between the wheels and the vehicle’s steering wheel using an electrically controlled motor to change the direction of the wheels and provide feedback to the driver. Key factors contributing to the growth of the automotive steer-by-wire market are the implementation of stringent emission standards, raising concerns about in-vehicle safety, the need for advanced driver assistance systems, and the development and integration of advanced vehicle technologies.

 

Key Players

 

• Bosch
• JTEKT
• Nexteer Automotive
• Nissan
• Thyssenkrupp

 

Market – Segmentation

By Type

• Pure electronic
• Backup mechanical

 

By Application

• Passenger vehicles
• Commercial vehicles

 

Scope of the Report

 

The research study analyses the Global Automotive Steer-by-wire System Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

 

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

 

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

 

Key Questions Answered by Automotive Steer-by-wire System Market Report :

1. What was the Automotive Steer-by-wire System Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Automotive Steer-by-wire System Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Automotive Steer-by-wire System Market was the market leader in 2021s?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.