Automobile Electronic Power Steering System Market
Automobile Electronic Power Steering System
Market Scope: Industry Analysis, Market Size,
Growth, Trends Till 2031
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Automobile Electronic Power Steering System Market Size and Growth
The automobile electronic power steering system market is projected to reach approximately $20 billion by 2028, driven by increasing demand for advanced safety features and fuel efficiency. Market conditions are favorable due to technological advancements, rising vehicle production, and growing consumer preference for electric vehicles, enhancing the adoption of electronic steering systems.
Companies Covered
(Covid 19 Impact Covered)
◍ ATS Automation Tooling Systems
◍ Delphi Automotive Systems
◍ GKN PLC
◍ Hafei Industrial Group Automobile Redirector Obligate
◍ Hitachi Automotiec Systems
◍ Hyundai Mobis
◍ Infineon Technologies
◍ JTEKT Corporation
◍ Mando Corporation
◍ Mitsubishi Electric Corporation
◍ Nexteer Automotive
◍ NSK Ltd.
◍ Robert Bosch GmbH
◍ Thyssenkrupp Presta
◍ TRW Automotive
◍ ZF Friedrichshafen AG
The Automobile Electronic Power Steering System market features key players like Delphi, Hitachi, and Bosch, driving innovation and efficiency. Companies leverage advanced technologies to enhance vehicle safety and fuel economy. Their collaboration in R&D and production fosters market growth. Notable sales figures include Bosch: €78 billion, ZF Friedrichshafen: €39 billion.
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Market Segmentation
By Application
Passenger Cars
LCV
Heavy Vehicles
Others
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By Product
Brushed
Brushless
Market Growth
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$ X Billion USD
