Market Analysis and Insights: Global Automotive Steer-by-wire System Market
Automotive steer-by-wire system (SBW) 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 global Automotive Steer-by-wire System market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
The North Americas dominated the steer-by-wire system market. The growing benefits of SBW system is one of the key driving factors impacting this market positively in this region. It is expected that Americas will increase its share in the steer-by-wire technology market by 2025.
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Global Automotive Steer-by-wire System Scope and Market Size
Automotive Steer-by-wire System market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Automotive Steer-by-wire System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Pure Electronic
Backup Mechanical
Segment by Application
Passenger Vehicles
Commercial Vehicles
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Bosch
JTEKT
Nexteer Automotive
Nissan
Thyssenkrupp