Press release
Global Automotive Electric Power Steering Market is supplemented by Steer-By-Wire Technology
AUTOMOTIVE STEERING SYSTEM 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.
Here's a link to our Country Report Summary:
https://inkwoodresearch.com/reports/india-automotive-steering-system-market/
The India automotive steering system market is evaluated to register a CAGR of 7.29% during the forecast years.
Global Automotive Electric Power Steering Market Scenario
The electrical energy mechanism that powers the motor powers the electric power steering in automobiles. The entire engineering of a conventional electric vehicle (EV) is predicated on the idea that an automobile runs on batteries rather than an internal combustion engine. The promise of reduced carbon emissions over conventional gasoline-powered vehicles led to the invention of the electric vehicle (EV). Government subsidies are also given to EVs because they are an energy-efficient form of transportation.
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?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR
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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