Automotive Steering Motor Market Top Key Players - Robert Bosch, JTEKT, Nexteer Automotive, NSK, Showa Corporation, Delphi Automotive, Hyundai Mobis, Mando Corporation, Thyssenkrupp Automotive, ZF, Denso Corporation, Allied Motion Systems

The increasing use of Electronic Power Steering (EPS) in modern vehicles is a major engine in the automotive steering engine industry. EPS systems offer many benefits to both the driver and the vehicle. They minimize fuel consumption and emissions. A vehicle's steering system has two main functions. The first allows the driver to steer the vehicle on a chosen route or trajectory without undue physical effort, and the second provides feedback to help the driver evaluate driving conditions. The latter is a subtle component of the steering system, and the driver in the feedback loop seeks to minimize any deviations from the planned path the vehicle may have.

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GLOBAL AUTOMOTIVE STEERING MOTOR MARKET DYNAMICS

An electric steering motor, which can be mounted on the steering column or steering gear, transmits torque to the steering column to help the driver move the steering wheel. Steer by wire technology is currently gaining momentum. Eliminates the physical connection between the steering wheel and the vehicle wheels by using an electric motor to change the direction of the wheels and provide feedback to the driver. The increasing use of Electronic Power Steering (EPS) in modern vehicles is a major engine in the automotive steering engine industry.

Some of the key reasons contributing to market expansion include the increasing use of EPS in modern vehicles and the widespread adoption of Steer by Wire technology. The global automotive market is expanding rapidly despite continued demand for passenger cars and commercial vehicles. Developing countries such as India, China and Brazil have the highest demand for automobiles and parts. Given the rapid pace of technological advancement in the automotive industry, its main business is focused on driver comfort and safety, where power steering plays an important role in modern vehicles.

GLOBAL AUTOMOTIVE STEERING MOTOR MARKET SEGMENTATION

The Global Automotive Steering Motor Market can be segmented into following categories for further analysis.

By Steering Type

• Electric Power Steering Motor
• Electric Power Hydraulic Steering Motor

By EV Classification

• BEV
• HEV
• FCEV
• Conventional Fuel Vehicle

By Regional Classification

• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region

RECENT TECHNOLOGICAL TRENDS IN GLOBAL AUTOMOTIVE STEERING MOTOR MARKET

Electric power steering is primarily an energy-saving method for automobiles. This is a relatively new idea that will soon be implemented in cars around the world. It is expected to be widely used in a few years only to reduce the energy consumption of modern cars. Additional benefits include greater flexibility in the positioning of the steering system, the ability to adapt the steering system to meet the requirements of a given vehicle or individual driver, and the reliability currently lacking in power steering systems.

COMPANIES PROFILED

• Robert Bosch
• JTEKT
• Nexteer Automotive
• NSK
• Showa Corporation
• Delphi Automotive
• Hyundai Mobis
• Mando Corporation
• Thyssenkrupp Automotive
• ZF
• Denso Corporation
• Allied Motion Systems

Read More Information: https://mobilityforesights.com/product/automotive-steering-motor-market/

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