LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global automotive steering-mounted electronics market report until 2021. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global automotive steering-mounted electronics market for 2017-2021 provides a detailed industry analysis based on vehicle type (entry level, mid-market, and luxury vehicles) and geography (the Americas, EMEA, and APAC).
“The global automotive steering-mounted electronics market is projected to grow to 97.12 million units by 2021, at a CAGR of close to 4% over the forecast period. Since these steering-mounted electronics reduce driver distractions, it enhances occupant and pedestrian safety, resulting in its rising adoption,” says Neelam Barua, a lead analyst at Technavio for automotive electronics research.
Competitive vendor landscape
The market is dominated by the presence of big vendors with an established global presence. The vendors in the market need to strategically plan the procurement of their resources from the large supplier pool to obtain the best products at the least cost. New entrants find it relatively hard to enter the market space due to the capital-intensive nature of the market. ZF TRW and SKF are the largest vendors in the market space, having an impressive global foothold on the market.
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Top five vendors in the global automotive steering-mounted electronics market
Autoliv is an automotive safety equipment supplier. It manufactures active safety systems, passive safety systems, airbags, seat belts, and steering wheels. The company’s steering wheels are quite similar to its competitors' offerings; they have the inbuilt driver airbag included.
Continental offers products and services for the automotive and rubber industries. It engages in the manufacturing of soft rubber products, rubberized fabrics, and solid tires for carriages and bicycles. It has come up with the novel idea of integrating gesture-based recognition controls into steering wheels.
Delphi Automotive is a global technology company that provides a wide range of products and solutions for the automotive and commercial vehicle segments. The offerings help in making the vehicles safe and eco-friendly while being cost-effective.
SKF offers products and services for five technology platforms: bearings and units, seals, mechatronics, services and lubrication systems. It is actively involved in the X-by-wire space for both steering and braking systems. In the steer-by-wire space, the company offers an electronic steering input unit (ESIU).
ZF TRW offers automotive modules, systems, and components to OEMs and aftermarkets. Its product portfolio includes active and passive safety-related products. The company operates through the chassis systems, occupant safety systems, electronics, and automotive components segments.
Browse Related Reports:
- Global Automotive Steering-Mounted Electronics Market 2017-2021
- Global Hydraulic Steering System Market 2017-2021
- Global Automotive Steer-by-wire System Market 2016-2020
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Technavio is leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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