LONDON--(BUSINESS WIRE)--Market research firm Technavio has announced the release of their latest report on the global automotive steer-by-wire (SBW) system market. This new report will provide expert market insights for the forecast period 2018-2022.
The new report will follow up on Technavio’s previous report and present an updated analysis of the current competitive landscape and global environment. The report also provides new predictions for the forecast period based on an in-depth study of the market.
The upgraded research report on the automotive steer-by-wire system market is an integral part of Technavio’s automotive electronics portfolio. Technavio covers an extensive range of market research reports on the automotive electronics market, covering different regions and top industry segments. Some of the topics include automotive radar sensors, commercial vehicle remote diagnostics, connected car market, automotive connected car platform, and electric vehicle battery thermal management system.
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Automotive steer-by-wire system: market growth opportunities
Technavio’s previous report on the global automotive steer-by-wire system market projected that Europe showed the highest potential in 2015 with a market share of nearly 40% when compared to APAC, Latin America, North America, and MEA. One of the world's biggest producers of motor vehicles is the European Union, and the automotive sector represents one of the largest foreign and private investments in R&D in this region. The region’s growth can be attributed to the high luxury automotive sales among the ultra-rich and rich upper-middle-class population of the region.
In the previous report, a senior research analyst at Technavio stated, “SBW is the next developing stage of automotive steering systems which focuses towards a fully autonomous vehicle technology. It consists of electronic control units, steering assist motors, and sensors which replace the conventional clutch and mechanical steering column linkages in vehicles. Factors such as the growing customer demand for safer and fuel-efficient vehicles and uni-drive systems will drive the growth of the market in the future.”
Technavio’s new on the report on the global automotive steer-by-wire system market will evaluate the key geographical regions and their behavior over the past four years, introducing new data and observations and providing new predictions.
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Detailed analysis at your fingertips
Some of the topics that will be revisited in the new report include:
- Market size and growth rate through 2022
- Top factors driving the market growth
- Emerging trends in the market
- Market opportunities and factors impeding growth
The report on the global automotive steer-by-wire system market for the period 2018-2022 is available to order now and will be delivered within one week of purchase.
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