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Automotive Steer-by-Wire System Market 2018 Global Industry Forecast To 2023 By Size, Trends, Share, Region, And Key Players

10-22-2018 12:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Automotive Steer-by-Wire System Market 2018 Global Industry

Automotive Steer-by-Wire System Market 2018 Global Industry Analysis To 2023 is new research report, published by "Market Research Future". Automotive Steer-by-Wire System Market is segmented by Component (Feedback Motor, Angular Sensor, Steering Actuator), Propulsion (ICE, Electric), Vehicle (Passenger, Light Commercial, Heavy Commercial), Region – Forecast Till 2023.

Automotive Steer-by-Wire System Key Players Market Analyzed In Report Are:

The prominent players in the global automotive steer-by-wire system market include Nissan Motor Company Ltd (Japan), ZF Friedrichshafen AG (Germany), JTEKT Corporation (Japan), and Thyssenkrupp AG (Germany), Paravan GmbH (Germany), Nexteer Automotive (US), Danfoss Power Solutions, Inc. (US), SKF (Sweden), LORD Corporation (US), and Eaton Corporation (Republic of Ireland), among others.

Get Sample Copy of “Automotive Steer-by-Wire System Market Research Report-Forecast 2023″ At: https://www.marketresearchfuture.com/sample_request/6389

Automotive Steer-by-Wire System Market Insights:

Report provides detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Automotive Steer-by-Wire System Market, and insights about factors affecting the market growth. Global Automotive Steer-by-Wire System Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

The automotive steer-by-wire system is considered to be different from the electric power steering system. The automotive steer-by-wire system provides control over the system in the vehicle by controlling the wheel direction. This system works based on driver inputs and then the inputs actuated through electronic control units to control the wheel direction. The growing demand for fuel efficiency in vehicles and the growing luxury vehicle sales are the major driving factors for the global automotive steer-by-wire system. The rise in the demand for better steering functionality owing to the increased concern about vehicle noise due to steering mechanical components will enhance the sales for the automotive steer-by-wire system in the global market. In 2014, Nissan luxury brand Infiniti came up first with the steer-by-wire system technology in the model Q50.

The technology failed in its initial period and the recall happened. After improvement in the steering responsiveness and change in turning radius, the technology put a mark in the global market. There are many automobile manufacturers such as Nissan, BMW, General Motors, and Mercedes who are investing in the technology and start adopting the same in their signature models. Rapidly growing demand for new steering technology and growing automobile sales will open up new opportunities in the global market for new entrants. However, the high price of the technology will restrain the sales of the automotive steer-by-wire system technology. The adoption of technology in non-luxury vehicles is the major challenge for manufacturers as it increases the cost of the vehicle.

The automotive steer-by-wire provides complete steering control to the driver in the vehicle. The system eliminates mechanical linkages near the steering system and enhances vehicle performance. The automotive steer-by-wire system controls the wheel direction through the electric motor, which receives input through electronic control units from the driver.

Detailed Regional Outlook:

Geographically, the global automotive steer-by-wire system market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. Europe is estimated to hold the highest revenue market share throughout the forecast period owing to the presence of key automotive consuming countries such as Germany, the UK, Italy, Spain, and Russia. There is a continuous increase in awareness about new technologies and their availability at a lower cost by top automobile manufacturers in Europe which is expected to grow the demand for new vehicle technologies and components such as automotive steer-by-wire systems. In Asia-Pacific, the increased demand for luxury vehicles owing to increased average disposable income and growing purchasing power of consumers are likely to grow the sales for the automotive steer-by-wire system.

Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

Continued…

Browse more details at: https://www.marketresearchfuture.com/reports/automotive-steer-by-wire-system-market-6389

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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