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

Automotive Steer-by-Wire System Market 2018 Global Industry Forecast To 2023 Research Report, Global Automotive Steer-by-Wire System Market to grow at highest growth rate from 2018 to 2023. Automotive Steer-by-Wire System Market Industry segmented by Component (Feedback Motor, Angular Sensor, Steering Actuator), Propulsion (ICE, Electric), Vehicle (Passenger, Light Commercial, Heavy Commercial), And Region.

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

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.

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Automotive Steer-by-Wire System Market Highlights:

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.

The global automotive steer-by-wire system market has seen a remarkable growth and is expected to register a CAGR of ~14%. The increase in demand for better steering functionality in the vehicle is the major driver for the global automotive steer-by-wire system market. The growing demand for better fuel efficiency due to a continuous increase in fuel prices and massive demand for vehicle comfortability are likely to further drive the global market in terms of value and volume for the automotive steer-by-wire system. Mechanical components and linkages add-up additional weights in the vehicle which further slow-down the fuel efficiency of the vehicle. The automotive steer-by-wire system reduces the weight by eliminating mechanical components which enhance the fuel efficiency of the vehicle.

BMW, Mercedes, and Nissan started investing high amounts in the development and adopting of steer-by-wire system technology in their vehicles. However, a high amount of technology is likely to restrain the growth of the global automotive steer-by-wire system market. In the initial phase of the steer-by-wire technology, proper technological development is the major concern for manufacturers as a small mistake may lead to the recall of automobiles in the global market.

Regional Analysis:

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.

Global Transfer Case Market Research Insights:

The global automotive steer-by-wire system market is segmented on the basis of component, fuel type, vehicle type, and region. On the basis of component, the market has been segmented into feedback motors, angular sensors, steering actuators, and others. On the basis of propulsion type, the market has been segmented into ICE and electric. On the basis of vehicle type, the market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle.

The report for the Global Automotive Steer-by-Wire System Market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, technological advancements, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of top companies in the industry, along with a broad study of different market segments and regions.

List Of Tables:

TABLE 1 MARKET SYNOPSIS

TABLE 2 RAW MATERIAL SOURCES OF AUTOMOTIVE AUTOMOTIVE STEER-BY-WIRE SYSTEM MARKETS MAJOR MANUFACTURERS IN 2016

TABLE 3 SALES BASE AND MARKET CONCENTRATION RATE OF RAW MATERIAL

TABLE 4 GLOBAL AUTOMOTIVE AUTOMOTIVE STEER-BY-WIRE SYSTEM MARKETS PRICE (USD/ K UNITS) BY REGION (2012-2017)

TABLE 5 RAW MATERIAL PRICES ANALYSIS 2012-2016 (USD/UNIT)

TABLE 6 KEY SUPPLIERS OF RAW MATERIALS

TABLE 7 DISTRIBUTORS/ TRADERS LIST

Continued…

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