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Automotive Steer-by-Wire Market to 2027 analyzed in new report including top players - Eaton Corporation, Ficosa International, JTEKT Corporation, Kongsberg Gruppen, KYB Corporation, LORD Corporation, Nexteer Automotive and Robert Bosch GmbH

09-11-2019 06:54 AM CET | Logistics & Transport

Press release from: Premium Market Insights

Automotive Steer-by-Wire Market to 2027 analyzed in new report

A steer-by-wire system is designed and developed to eliminate the physical contact between the wheels and the steering wheel of the vehicle by utilizing electrically controlled motors for changing the direction of the wheels and also for providing feedback to the driver.

The key factors that are contributing to the growth of the automotive steer-by-wire market are the implementation of stringent emission norms, raised concerns about in-vehicle safety, need for advanced driver assistance systems, and development and integration of advanced vehicle technologies. Moreover, the increase in vehicle automation is anticipated to boost the market growth in the coming years.

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The global automotive steer-by-wire market is segmented on the basis of component, propulsion, and vehicle type. Based on component, the market is segmented as feedback motor, angular sensor, and steering actuator. Further, based on propulsion, the automotive steer-by-wire market is divided into ICE and electric vehicle. Furthermore, on basis of vehicle type, automotive steer-by-wire market is segmented as passenger car, LCV, and HCV.

It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive steer-by-wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report also includes the profiles of key automotive steer-by-wire companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

- Eaton Corporation
- Ficosa International S.A.
- JTEKT Corporation
- Kongsberg Gruppen
- KYB Corporation
- LORD Corporation
- Nexteer Automotive
- Robert Bosch GmbH
- Thyssenkrupp AG
- ZF Friedrichshafen AG

The report provides important information and detailed studies about the industry with economic impacts and regulatory and market support. It also presents a top-down, comprehensive outlook for the key players in the industry over the next two years, based on the key themes set to transform their industry landscape.

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