DUBLIN--(BUSINESS WIRE)--The "Global Automotive Steer-by-wire System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the global automotive steer-by-wire system market to grow at a CAGR of 8.22% during the period 2018-2022.
Automotive steer-by-wire system is a system which uses all-electric means for steering and eliminates the use of mechanical and hydraulic components, such as steering column, shaft, and gear reduction mechanism. In short, the steer-by-wire system eliminates the use of conventional steering system with electronic components, such as sensors and control modules.
The report covers the present scenario and the growth prospects of the global automotive steer-by-wire system market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is growing implementation of advanced steering systems. The automotive industry is witnessing developments related to steering systems such as steering on demand system, quiet wheel system, stowable steering system, SBW system, and cyber secured advanced steering.
One driver in the market is benefits of SBW system. The global automotive SBW system market is growing in line with growing volume sales of luxury vehicles. SBW system is an electronic system with enhanced functional accuracy.
The report states that one challenge in the market is system reliability issues and acceptance level among consumers. The automotive SBW system finds challenges not only related to the functioning but also related to the level of acceptance among consumers. The passenger vehicle market is registering a high number of first-time users of autonomous technologies.
- JTEKT Corporation
- Nexteer Automotive
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Technology Type
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/c25lms/global_automotive?w=4