Automotive Steer-by-Wire System Market: Size, Share, and Future...

Automotive Steer-by-Wire System Market: Size, Share, and Future Growth 2021 –2028

Posted 2025-03-05 17:46:43

The Automotive Steer-by-Wire System Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2028. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.

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Which are the top companies operating in the Automotive Steer-by-Wire System Market?

The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the market's extension. This Global Automotive Steer-by-Wire System Market report provides the information of the Top Companies in Automotive Steer-by-Wire System Market in the market their business strategy, financial situation etc.

Nissan Motor Co., LTD.; ZF Friedrichshafen AG; JTEKT Corporation.; thyssenkrupp AG; PARAVAN GmbH; Nexteer Automotive Corporation; Danfoss A/S; SKF Evolution; Parker Hannifin Corp; Eaton.; KYB Corporation.; NSK Ltd.; Robert Bosch GmbH; Continental AG; Curtiss-Wright.; Hitachi Automotive Systems Americas, Inc.; Infineon Technologies AG; Schaeffler AG; Stoneridge, Inc.; WABCO

Report Scope and Market Segmentation

Which are the driving factors of the Automotive Steer-by-Wire System Market?

The driving factors of the Automotive Steer-by-Wire System Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.

Automotive Steer-by-Wire System Market - Competitive and Segmentation Analysis:

**Segments**

- By Vehicle Type: Passenger Cars, Commercial Vehicles
- By Component: Steering Actuator, Sensors, Feedback Motors, Electronic Control Unit (ECU), Others
- By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket
- By Geography: North America, Europe, Asia-Pacific, South America, Middle East and Africa

Automotive steer-by-wire systems are anticipated to witness significant growth in the market by 2028. The technology eliminates traditional mechanical steering components such as the steering column and intermediate shaft, replacing them with electronic control units (ECUs) and actuators to steer the vehicle. This system enhances precision, reduces vehicle weight, and offers better fuel efficiency compared to conventional steering systems. The market is segmented based on vehicle type into passenger cars and commercial vehicles. Passenger cars segment is expected to dominate due to the increasing demand for luxury and comfort features. In terms of components, the market is divided into steering actuator, sensors, feedback motors, electronic control unit (ECU), and others. The electronic control unit (ECU) segment is likely to exhibit significant growth owing to its vital role in processing sensory information and ensuring accurate steering response. Furthermore, by sales channel, the market is categorized into Original Equipment Manufacturers (OEMs) and aftermarket, with OEMs expected to hold a substantial market share due to the integration of steer-by-wire systems in new vehicles. Geographically, North America, Europe, Asia-Pacific, South America, and the Middle East and Africa are the key regions driving the growth of the automotive steer-by-wire system market globally.

**Market Players**

- Hitachi Automotive Systems, Ltd.
- Nexteer Automotive
- ZF Friedrichshafen AG
- JTEKT Corporation
- Thyssenkrupp Presta AG
- NSK Ltd.
- Infineon Technologies AG
- LORD Corporation
- Paravan GmbH
- Nidec Corporation
- Bosch Automotive Steering GmbH

The global automotive steerThe global automotive steer-by-wire systems market is poised for substantial growth in the coming years, driven by technological advancements and increasing demand for improved safety and efficiency in vehicles. Among the key market players in this sector are Hitachi Automotive Systems, Nexteer Automotive, ZF Friedrichshafen AG, JTEKT Corporation, Thyssenkrupp Presta AG, NSK Ltd., Infineon Technologies AG, LORD Corporation, Paravan GmbH, Nidec Corporation, and Bosch Automotive Steering GmbH. These companies are at the forefront of innovation, developing cutting-edge solutions to meet the evolving needs of the automotive industry.

The shift towards steer-by-wire systems is revolutionizing the way vehicles are steered, offering benefits such as enhanced precision, reduced weight, and improved fuel efficiency. By eliminating traditional mechanical components and replacing them with electronic control units and actuators, these systems provide a more responsive and adaptable steering experience. The passenger cars segment is expected to dominate the market, driven by a growing demand for luxury and comfort features in vehicles. Commercial vehicles are also adopting steer-by-wire technology to improve overall performance and safety.

In terms of components, the electronic control unit (ECU) segment is poised for significant growth as it plays a crucial role in processing sensory information and ensuring precise steering response. Sensors, steering actuators, and feedback motors are also essential components that contribute to the functionality and performance of steer-by-wire systems. Original Equipment Manufacturers (OEMs) are expected to hold a substantial market share, as they integrate these advanced systems into new vehicle models to stay ahead of the competition.

Geographically, North America, Europe, Asia-Pacific, South America, and the Middle East and Africa are key regions driving the growth of the automotive steer-by-wire system market globally. These regions are witnessing increasing investments in research and development activities, collaborations between manufacturers and technology providers, and growing awareness among consumers about the benefits of steer-by-wire technology. Regulatory initiatives aimed at improving vehicle safety and reducing**Market Players**

- Nissan Motor Co., LTD.
- ZF Friedrichshafen AG
- JTEKT Corporation
- thyssenkrupp AG
- PARAVAN GmbH
- Nexteer Automotive Corporation
- Danfoss A/S
- SKF Evolution
- Parker Hannifin Corp
- Eaton
- KYB Corporation
- NSK Ltd
- Robert Bosch GmbH
- Continental AG
- Curtiss-Wright
- Hitachi Automotive Systems Americas, Inc.
- Infineon Technologies AG
- Schaeffler AG
- Stoneridge, Inc.
- WABCO

The automotive steer-by-wire systems market is expected to experience significant growth in the foreseeable future, driven by advancements in technology and the increasing demand for improved vehicle safety and efficiency. Major players in this market, including Hitachi Automotive Systems, Nexteer Automotive, ZF Friedrichshafen AG, and others, are leading the way in developing innovative solutions to meet the evolving needs of the automotive industry. These companies are investing heavily in research and development to stay ahead of the competition and cater to the growing demand for steer-by-wire systems globally.

The adoption of steer-by-wire technology is reshaping the automotive industry by offering benefits such as enhanced precision, reduced vehicle weight, and improved fuel efficiency. By replacing traditional mechanical steering components with electronic control units and actuators, vehicles equipped with this technology provide a more responsive and adaptable steering experience. The passenger cars segment is expected to drive

North America, particularly the United States, will continue to exert significant influence that cannot be overlooked. Any shifts in the United States could impact the development trajectory of the Automotive Steer-by-Wire System Market. The North American market is poised for substantial growth over the forecast period. The region benefits from widespread adoption of advanced technologies and the presence of major industry players, creating abundant growth opportunities.

Similarly, Europe plays a crucial role in the global Automotive Steer-by-Wire System Market, expected to exhibit impressive growth in CAGR from 2024 to 2028.

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Key Benefits for Industry Participants and Stakeholders: –

Industry drivers, trends, restraints, and opportunities are covered in the study.
Neutral perspective on the Automotive Steer-by-Wire System Market scenario
Recent industry growth and new developments
Competitive landscape and strategies of key companies
The Historical, current, and estimated Automotive Steer-by-Wire System Market size in terms of value and size
In-depth, comprehensive analysis and forecasting of the Automotive Steer-by-Wire System Market

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2028) of the following regions are covered in Chapters

The countries covered in the Automotive Steer-by-Wire System Market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of the Middle East and Africa

Detailed TOC of Automotive Steer-by-Wire System Market Insights and Forecast to 2028

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Automotive Steer-by-Wire System Market Landscape

Part 05: Pipeline Analysis

Part 06: Automotive Steer-by-Wire System Market Sizing

Part 07: Five Forces Analysis

Part 08: Automotive Steer-by-Wire System Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Automotive Steer-by-Wire System Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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