Automotive EPS Market Growing Popularity and Emerging Trends| Bosch, Nexteer Automotive, Showa

Advance Market Analytics published a new research publication on "Automotive EPS Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive EPS market was mainly driven by the increasing R&D spending across the world.

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Some of the key players profiled in the study are: JTEKT (Japan), ZF (Germany), Bosch (Germany), Nexteer Automotive (China), NSK (Japan), Showa (Japan), Mando (South Korea), ThyssenKrupp Presta Steertech (Germany), MAGNETI Marelli (Italy) and Knorr-Bremse AG (Germany).

Scope of the Report of Automotive EPS
Automotive Electric Power Steering (EPS), also known as electrically assisted steering, is a technology that replaces the traditional hydraulic power steering system with an electric motor. This motor assists the driver in turning the steering wheel, making it easier to maneuver the vehicle, especially at low speeds and during parking. Additionally the new generation of control units provide security in case of an error. The electric interface enables highly automated driving with maximum security till SAE-level 4. Growing number of road accidents is expected to boost the demand for electric power steering. Electric power steering reduces the effort of the driver to turn the car steering wheel, ensuring improved handling and control. This reduces traffic collisions and enhances the demand for electric power steering in vehicles. The automotive industry can unlock the full potential of the EPS market and contribute to a more sustainable and enjoyable driving experience for everyone.

Market Leaders and their expansionary development strategies:
In November 2023, Denso and NXP Semiconductors team up for next-generation ADAS technology. Denso, a prominent component supplier including EPS systems, and NXP, a semiconductor manufacturer, joined forces to develop next-generation ADAS technology. This could have implications for future EPS functionalities and integration with advanced driver assistance features.
In November 2023, Nexteer Steer-by-Wire with Redundancy System has launched Level 4 and Level 5 autonomous vehicles. The Nexteer Steer-by-Wire with Redundancy System is a game-changer in the field of autonomous driving, providing needed safety and reliability while paving the way for a future where self-driving cars become a reality.

The titled segments and sub-section of the market are illuminated below: by Type (Column Assist EPS, Single Pinion EPS, Dual Pinion EPS, Parallel Axis EPS), Vehicle Type (Passenger Cars, Commercial Vehicles), Component (Steering Wheel, Steering Column, Torsion Bar, Power Steering Motor, Others) Players and Region - Global Market Outlook to 2030

Market Trends:
Increasingly integrated with advanced driver-assistance systems

Opportunities:
Advancements in Autonomous Driving and Growing Popularity of Sports Utility Vehicles

Market Drivers:
Increasing demand of Electrical Vehicles and Rising demand of IC Engine for automotive engine vehicles

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Automotive EPS Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive EPS market
Chapter 2: Exclusive Summary - the basic information of the Automotive EPS Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive EPS
Chapter 4: Presenting the Automotive EPS Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Automotive EPS market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Automotive EPS Market is a valuable source of guidance for individuals and companies.

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