Global Automotive Steer-by-Wire Market is expected to grow at a CAGR of 5.9% throughout the forecast period, to reach USD 42.48 Bn. by 2030.

Automotive Steer-by-Wire Market Overview:

The automotive steer-by-wire market is rapidly evolving as automotive manufacturers and technology companies seek to enhance driving performance and safety through advanced steering technologies. Unlike traditional mechanical steering systems, steer-by-wire eliminates the need for physical connections between the steering wheel and the wheels, replacing them with electronic controls. This shift offers numerous advantages, including reduced vehicle weight, improved interior design flexibility, and enhanced precision in steering responses. As vehicles increasingly incorporate autonomous and semi-autonomous driving features, steer-by-wire systems are becoming essential for integrating advanced driver-assistance systems (ADAS) and delivering a more responsive and customizable driving experience. With significant investments in research and development, coupled with growing consumer demand for innovative automotive technologies, the steer-by-wire market is poised for substantial growth in the coming years.

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Automotive Steer-by-Wire Market Report Scope and Research Methodology:

The scope of the Automotive Steer-by-Wire market analysis encompasses diverse factors, including geographical regions, industry segments, traveller types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Automotive Steer-by-Wire market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Automotive Steer-by-Wire sector and capitalizing on growth prospects.

Automotive Steer-by-Wire Market Regional Insights:

Improved dependability and increasing demand drive growth in the Automotive Steer-by-Wire Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Automotive Steer-by-Wire market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.

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Automotive Steer-by-Wire Market Segmentation:

by Technology

Backup mechanical technology
Pure electronic technology

There are two segments in the vehicle steer-by-wire market: pure electronic technology and backup mechanical technology. In 2019, the vehicle steer-by-wire market was entirely accounted for by the backup mechanical category, which held the full market share. By 2030, pure electronic technology is anticipated to account for 18% of the market.

by Vehicle Type

Commercial vehicles
Passenger vehicles

There are two segments in the worldwide automotive steer-by-wire market: commercial vehicles and passenger vehicles. The passenger segment is anticipated to expand during the projection period as electric power-assisted steering is anticipated to become required in passenger automobiles in a number of nations.Global passenger vehicle growth is being driven by rising average vehicle ages and consumer demand for autonomous technology in various automobile types, including sedans, hatchbacks, SUVs/MUVs, sports cars, and others. Similar to this, factors contributing to the global growth of the automotive steer-by-wire market include rising standards of living, rising purchasing power, rising per capita income of individuals, increasing industrialization, changing lifestyles, and high disposable incomes.

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Table of Content: Automotive Steer-by-Wire Market

Part 01: Executive Summary

Part 02: Scope of the Automotive Steer-by-Wire Market Report

Part 03: Global Automotive Steer-by-Wire Market Landscape

Part 04: Global Automotive Steer-by-Wire Market Sizing

Part 05: Global Automotive Steer-by-Wire Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Automotive Steer-by-Wire Market Key Players:

1. Danfoss
   2. JTEKT NORTH AMERICA
   3. ZF Friedrichshafen AG
   4. LORD Corporation
   5. Eaton
   6. KYB Corporation
   7. NSK Ltd
   8. Nexteer Automotive Corporation
   9. Ficosa International S.A.
   10.Kongsberg Gruppen
   11.Robert Bosch GmbH
   12.Thyssenkrupp AG
   13.Paravan GmbH (Germany)
   14.SKF (Sweden)
   15.Sona Koyo Steering Systems Ltd

Key questions answered in the Automotive Steer-by-Wire Market are:

• Who are the leading companies and what are their portfolios in Automotive Steer-by-Wire Market?
• What segments are covered in the Automotive Steer-by-Wire Market?
• Who are the key players in the Automotive Steer-by-Wire market?
• What is Automotive Steer-by-Wire?
• What was the Automotive Steer-by-Wire market size in 2023?
• What is the growth rate of the Automotive Steer-by-Wire Market?
• Which are the factors expected to drive the Automotive Steer-by-Wire market growth?
• What are the different segments of the Automotive Steer-by-Wire Market?
• What growth strategies are the players considering to increase their presence in Automotive Steer-by-Wire?
• What are the upcoming industry applications and trends for the Automotive Steer-by-Wire Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Steer-by-Wire Market?
• What segments are covered in the Automotive Steer-by-Wire Market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

 

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