Automotive Steer-By-Wire System Market

Key Players & Growth Rate and Forecasts

Automotive Steer-by-Wire System Market Size is expected to cross USD $4.7 billion by 2027 at a CAGR of 5% during the forecast period 2022-2030

The automotive steer-by-wire provides the driver with full steering control. The system removes mechanical contacts near the steering system and increases the efficiency of automobiles. The steer-by-wire automotive system controls the path of the wheel via the electric motor, which receives feedback from the driver via electronic control units.

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The market for automobile steer-by-wire systems is expected to develop in the above-mentioned estimated timeframe, although growth will likely be constrained by high technology costs and rising risks of malfunction that could result in severe casualties. The primary obstacle to the market’s expansion will be proper technology improvement in the early stages. Steer-by-wire technology uses electronic components for steering a vehicle rather than conventional mechanical and hydraulic steering systems. This steer-by-wire technology utilizes an electric motor to apply steering force over the rack and pinion. It also reduces the vehicle weight & enhances vehicle performance, safety, and reliability by eliminating several mechanical components like steering shaft, column, and gear reduction mechanism. Nissan is among the first automobile manufacturers who introduced SBW systems in its cars.

Global Automotive Steer-By-Wire System Market: Major Players

ZF Friedrichshafen AG

Sona Koyo Steering Systems Ltd.

Danfoss Power Solutions, Inc

Paravan GmbH

Nexteer Automotive

JTEKT Corporation

Thyssenkrupp AG

Nissan Motor Co., Ltd.

Global Automotive Steer-By-Wire System Market: Types

Feedback Motor

Angular Sensor

Steering Actuator

Global Automotive Steer-By-Wire System Market: Applications

Passenger Vehicles

Commercial Vehicles

The primary factor driving the worldwide automotive steer-by-wire market is a rise in concern among automakers over the need to reduce vehicle weight in order to maximise vehicle efficiency. The incorporation of electronic power assisted steering into vehicles has also been mandated by regulatory agencies in a number of nations, which is anticipated to drive the global automotive steer-by-wire market. Another significant factor propelling the worldwide steer-by-wire market is the increase in vehicle automation. The global automotive steer-by-wire market is consequently being driven primarily by the implementation of strict emission rules, requirements for having advanced driver assistance systems, concerns about in-car safety, and development & incorporation of innovative vehicle technologies.

We have thoroughly investigated the Automotive Steer-by-Wire System Market using primary and secondary research techniques. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. The adoption of electro-mechanical systems for controlling and carrying out vehicle operations that were previously carried out by mechanical linkages is known as brake and steer by wire systems. Mechanical systems and energy-consuming components in a car are replaced by drive-by-wire control systems. In the beginning, just the electronic throttle system was used. At the moment, however, both the steering and braking systems are managed by electronics.

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