Market Research Report
Global Automotive Steer-by-wire System Market 2022-2026
|Global Automotive Steer-by-wire System Market 2022-2026|
Published: May 19, 2022
TechNavio (Infiniti Research Ltd.)
Content info: 120 Pages
Delivery time: 1-2 business days
Technavio has been monitoring the automotive steer-by-wire system market and it is poised to grow by $ 192.49 mn during 2022-2026, decelerating at a CAGR of 9.15% during the forecast period. Our 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by benefits of SBW system, electrification of vehicles, and emergence of autonomous vehicles.
The automotive steer-by-wire system market analysis includes the technology segment and geographic landscape.
Technavio's automotive steer-by-wire system market is segmented as below:
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 research and development of autonomous vehicles will lead to sizable demand in the market.
Technavio 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. Our report on automotive steer-by-wire system market covers the following areas:
Technavio's 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, China Automotive Systems Inc., Danfoss AS, Eaton Corp. Plc, Georgsmarienhutte Holding GmbH, Hitachi Ltd., Hyundai Motor Co., Infineon Technologies AG, JTEKT Corp., 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.
Technavio 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. Technavio's 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.