Press release
Steer-By-Wire Technology supplement Global Automotive Electric Power Steering Market
Automotive Electric Power Steering Market
Browse 50 market data Tables and 45 Figures spread over 202 Pages, along with an in-depth analysis of the Global Automotive Electric Power Steering Market by Vehicle Type, Mechanism, Component, & Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis with input from industry professionals across the value chain.
Global Automotive Electric Power Steering Market Scenario
The automotive electric power steering works on the mechanism of electrical energy used to run the motor. In a conventional electric vehicle (EVs), the entire engineering is based on the principle of automobile using batteries to operate instead of an internal combustion engine. The EV automobile came into inception due to its promise of low carbon emission compared to traditional gasoline-powered vehicles. In addition, EVs are getting subsidized by governments since it is energy-efficient mobility.
Thus, making it more practical for electric vehicles to take advantage of a significantly more fuel-efficient electric power steering system for EVs by eliminating the need to constantly run a power steering pump. Tesla cars are being manufactured in electric power steering systems. Thus, electrification driven by companies and government regulations enables the adoption of electric power steering in electric vehicles and accelerates the growth of the global automotive electric power steering market.
Request Free Sample Report for the Global Automotive Electric Power Steering Market by Vehicle Type, Mechanism, Component, & Geography: https://inkwoodresearch.com/reports/automotive-steering-system-market/#request-free-sample
Market Segmentation
Market by Component
• Sensor
• Steering Motor
• Steering Rack/Column
• Other Components
Market by Mechanism
• Pinion Assist
• Rack Assist
• Column Type
• Other Mechanisms
Market by Vehicle Type
• Commercial Vehicles
• Passenger Cars
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
Companies Profiled
• INFINEON TECHNOLOGIES
• CHINA AUTOMOTIVE SYSTEMS INC
• NIDEC CORPORATION
• ZF GROUP
• MAHLE GMBH
• DENSO CORPORATION
• THYSSENKRUPP AG
• NEXTEER AUTOMOTIVE GROUP LTD
• ROBERT BOSCH GMBH
• HYUNDAI MOBIS
• MANDO CORPORATION
• NSK LTD
• MITSUBISHI ELECTRIC CORPORATION
• JTEKT CORPORATION
• HITACHI ASTEMO LTD
Related Reports
GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET -
https://inkwoodresearch.com/reports/automotive-steering-system-market/
- The global automotive steering system market is anticipated to grow with a 5.42% CAGR during the forecast period, 2021-2028.
GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET -
https://inkwoodresearch.com/reports/adas-advanced-driver-assistance-system-market/
- The global advanced driver assistance system (ADAS) market is expected to surge with a 14.68% CAGR during the estimated period, 2022-2028.
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