DUBLIN--(BUSINESS WIRE)--The "Global Automotive Steer-by-wire Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global automotive steer-by-wire systems market is expected to grow at a CAGR of 23.4% over 2018 -2026.
One of the most prominent factors contributing to automotive steer-by-wire systems market growth is increasing demand for automation in automobiles along with rising prospects of driverless cars. Moreover, increasing focus on the part of manufacturers to design and develop fuel efficient cars is another important factor complimenting market growth.
Several original equipment manufacturers (OEMs) have introduced automotive steer-by-wire systems in vehicles in order to improve operational efficiency and fuel economy. These systems are popular mainly in plug-in electric vehicles. Thus, rising demand for plug-in electric vehicles is another important factor contributing to automotive steer-by-wire systems market growth.
However, major factor limiting the automotive steer-by-wire systems market growth is reluctance of people towards adopting new technology. SBW technology is still in its nascent stage and may experience considerable delay in gaining consumers' confidence. In addition, high cost is offsetting the demand for these systems, thereby limiting its usage. Vulnerability to hacking is another prominent factor impacting the market growth negatively.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Steer-by-wire Systems Market Analysis, by Component
Chapter 5 Global Steer-by-wire Systems Market Analysis, by Vehicle Type
Chapter 6 North America Steer-by-wire Systems Market Analysis
Chapter 7 Europe Steer-by-wire Systems Market Analysis
Chapter 8 Asia Pacific Steer-by-wire Systems Market Analysis
Chapter 9 Rest of the World (RoW) Steer-by-wire Systems Market Analysis
Chapter 10 Company Profiles
- Nissan Motor Co., Ltd.
- ZF Friedrichshafen AG
- JTEKT Corporation
- Thyssenkrupp AG
- Paravan GmbH
- Sona Koyo Steering Systems Ltd.
- Nexteer Automotive
- Danfoss Power Solutions, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/j2smxj/global_automotive?w=4