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Automotive Steer-By-Wire Systems Market By Component (Hardware, Software), By Vehicle Type (Passenger Vehicles, Commercial Vehicles) – Growth, Future Prospects And Competitive Analysis, 2018 – 2026

Summary
Table Of Content

Market Insights

Automotive steer-by-wire (SBW) systems refer to a steering system that is controlled by a computerized engine unit. Unlike conventional steering systems that are linked mechanically, the SBW system transmits signals from wheels to a computerized unit, which then controls tire movement. The speed of electronic signals means the tires move in accordance with the driver’s intention, making it faster than a conventional steering system. The system controls tyre movement more effectively and reduces vibrations generated due to rough road surfaces that affect the car’s handling. Steer-by-wire systems are estimated to gain immense popularity in the automotive industry in the following years and are often considered the future of automotive steering systems.

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Automotive steer-by-wire systems eliminate the use of hydraulic pumps for their operation and are considered more efficient than their hydraulic counterparts. The main aim of SBWs is to completely eliminate as many mechanical components (column, steering shaft, reduction mechanism, etc.) as possible. This facilitates a simpler interior design, better space utilization, and optimized steering response. In recent years, the deployment of SBW has witnessed a significant increase in automobiles. These systems are adopted in vehicles with a focus on improving fuel efficiency and ride quality. SBWs are used in plug-in electric vehicles, which have witnessed unprecedented demand in recent years. Thus, the rise in demand for plug-in vehicles is likely to complement the automotive SBWs systems market’s growth in the following years. Considering its prospects in the electric vehicle sector, countries such as the U.S., China, South Korea, Japan, and some Western European countries are believed to emerge as prominent markets for steer-by-wire technology.

Further, improving SBW designs is another prominent factor driving the market growth. Some of the benefits associated with SBWs include enhanced design flexibility for vehicles, improved fuel efficiency, reduced weight, and reduced vibration, among others. Car manufacturers are increasingly looking to deploy SBWs as a result of growing customer demand for fuel-efficient and safer vehicles. Moreover, it further eliminates environmental hazards arising due to the disposal or leakage of hydraulic power steering fluid.

However, there are certain downsides to automotive SBW systems that might hinder their growth in the following years. SBW is a relatively new technology with limited adoption. This makes consumers reluctant to adopt it on a large scale. Moreover, the technological advancement of these systems has led them to be priced quite higher than conventional steering systems, which further slows down market growth. Vulnerability to hacking is another prominent disadvantage associated with SBWs. These systems can be hacked by wired or wireless connections, and their control can be shut off or faulty.

Some of the major players profiled in the report “automotive steer-by-wire systems market” are Nissan Motor Co., Ltd., ZF Friedrichshafen AG, JTEKT Corporation, Thyssenkrupp AG, Paravan GmbH, Sona Koyo Steering Systems Ltd., and Nexteer Automotive, among others. The majority of these players emphasize developing more reliable designs in order to eliminate the threat of hacking, thereby making vehicles safer.

On the basis of vehicle type, the global automotive steer-by-wire systems market is segmented into the following categories:

Passenger Vehicles
Commercial Vehicles

Passenger vehicles led the overall automotive steer-by-wire systems market in 2017. The segment contributed to over 70% of the total market value in 2017. Passenger vehicle segment growth is primarily attributed to the growing demand for high-end electric vehicles, which have higher prospects for steer-by-wire installation. This growing demand is complemented by the increasing discretionary income of people worldwide. High-end passenger cars have grown significantly in recent years, contributing to the growth of the automotive steer-by-wire systems market. Nissan has been a pioneer in steer-by-wire system technology and is among the first car manufacturers to have introduced these systems. Subsequently, the passenger vehicle segment is likely to maintain its dominant position throughout the forecast period.

During the forecast period, the commercial vehicle segment is expected to grow faster. The market for automotive steer-by-wire systems in commercial vehicles is still a new concept and offers healthy growth potential in the coming years. Moreover, an increasing number of vehicle manufacturers are expected to venture into the electric commercial vehicle industry in the coming years, thereby impacting the demand for automotive steer-by-wire systems in commercial vehicles positively.

Based on geography, the global automotive steer-by-wire systems market is segmented into the following regions and countries:

North America

- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Rest of Europe
Asia Pacific
- Japan
- China
- South Asia
- Rest of Asia Pacific
Rest of the World (RoW)
- Middle East and Africa (MEA)
- Latin America

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The global automotive steer-by-wire systems market is dominated by Europe, contributing more than 40% of the overall market value in 2017. Europe is home to one of the largest and most technically advanced automotive industries in the world. This significantly contributes to the region’s automotive steer-by-wire systems market growth. One of the most prominent factors contributing to market growth in Europe is the high sales of luxury vehicles in the region. Moreover, Europe possesses a technologically advanced automobile manufacturing sector, enabling it to remain at the forefront in terms of advancement in the area of R&D.

The Asia Pacific automotive steer-by-wire systems market is expected to grow rapidly over the forecast period. The growth can be attributed to the growing automotive industry here, coupled with rising sales of high-end vehicles. Additionally, with a growing preference for improved safety, comfort, and fuel efficiency of the vehicle, steer-by-wire systems are estimated to witness an increased demand in the region.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Steer-by-wire Systems Market
2.2 Global Steer-by-wire Systems Market, By Component
2.3 Global Steer-by-wire Systems Market, By Vehicle Type
2.4 Global Steer-by-wire Systems Market, By Geography

Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Steer-by-wire Systems Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Steer-by-wire Systems Market Analysis, by Component
4.1 Market Analysis
4.2 Hardware
4.2.1 Feedback Motor
4.2.2 Angular Sensors
4.2.3 Steering Actuator
4.3 Software

Chapter 5 Global Steer-by-wire Systems Market Analysis, by Vehicle Type
5.1 Market Analysis
5.2 Passenger Vehicles
5.3 Commercial Vehicles

Chapter 6 North America Steer-by-wire Systems Market Analysis
6.1 Overview
6.2 North America Steer-by-wire Systems Market Analysis, By Component, 2016 – 2026
6.2.1 Market Analysis
6.3 North America Steer-by-wire Systems Market Analysis, By Vehicle Type, 2016 – 2026
6.3.1 Market Analysis
6.4 North America Steer-by-wire Systems Market Analysis, By Region, 2016 – 2026
6.4.1 U.S.
6.4.1.1 U.S. Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
6.4.1.2 U.S. Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
6.4.2 Canada
6.4.2.1 Canada Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
6.4.2.2 Canada Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)

Chapter 7 Europe Steer-by-wire Systems Market Analysis
7.1 Overview
7.2 Europe Steer-by-wire Systems Market Analysis, By Component, 2016 – 2026
7.2.1 Market Analysis
7.3 Europe Steer-by-wire Systems Market Analysis, By Vehicle Type, 2016 – 2026
7.3.1 Market Analysis
7.4 Europe Steer-by-wire Systems Market Analysis, By Region, 2016 – 2026
7.4.1 U.K.
7.4.1.1 U.K. Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
7.4.1.2 U.K. Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
7.4.2 Germany
7.4.2.1 Germany Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
7.4.2.2 Germany Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
7.4.3 France
7.4.3.1 France Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
7.4.3.2 France Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
7.4.4 Rest of Europe
7.4.4.1 Rest of Europe Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
7.4.4.2 Rest of Europe Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)

Chapter 8 Asia Pacific Steer-by-wire Systems Market Analysis
8.1 Overview
8.2 Asia Pacific Steer-by-wire Systems Market Analysis, By Component, 2016 – 2026
8.2.1 Market Analysis
8.3 Asia Pacific Steer-by-wire Systems Market Analysis, By Vehicle Type, 2016 – 2026
8.3.1 Market Analysis
8.4 Asia Pacific Steer-by-wire Systems Market Analysis, By Region, 2016 – 2026
8.4.1 China
8.4.1.1 China Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
8.4.1.2 China Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
8.4.2 Japan
8.4.2.1 Japan Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
8.4.2.2 Japan Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
8.4.3 South Asia
8.4.3.1 South Asia Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
8.4.3.2 South Asia Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
8.4.4 Rest of Asia Pacific
8.4.4.1 Rest of Asia Pacific Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
8.4.4.2 Rest of Asia Pacific Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)

Chapter 9 Rest of the World (RoW) Steer-by-wire Systems Market Analysis
9.1 Overview
9.2 RoW Steer-by-wire Systems Market Analysis, By Component, 2016 – 2026
9.2.1 Market Analysis
9.3 RoW Steer-by-wire Systems Market Analysis, By Vehicle Type, 2016 – 2026
9.3.1 Market Analysis
9.4 RoW Steer-by-wire Systems Market Analysis, By Region, 2016 – 2026
9.4.1 Middle East & Africa (MEA)
9.4.1.1 MEA Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
9.4.1.2 MEA Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)
9.4.2 Latin America
9.4.2.1 Latin America Steer-by-wire Systems Market Value, by Component, 2016 – 2026 (US$ Mn)
9.4.2.2 Latin America Steer-by-wire Systems Market Value, by Vehicle Type, 2016 – 2026 (US$ Mn)

Chapter 10 Company Profiles
10.1 Nissan Motor Co., Ltd.
10.2 ZF Friedrichshafen AG
10.3 JTEKT Corporation
10.4 Thyssenkrupp AG
10.5 Paravan GmbH
10.6 Sona Koyo Steering Systems Ltd.
10.7 Nexteer Automotive
10.8 Danfoss Power Solutions, Inc.

List of Figures

FIG. 1 Global Steer-by-wire Systems: Market Segmentation
FIG. 2 Global Steer-by-wire Systems Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Steer-by-wire Systems Market, By Component, 2017 (US$ Mn)
FIG. 5 Global Steer-by-wire Systems Market, By Vehicle Type, 2017 (US$ Mn)
FIG. 6 Global Steer-by-wire Systems Market, By Geography, 2017 (US$ Mn)
FIG. 7 Global Steer-by-wire Systems Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 8 Attractive Investment Proposition
FIG. 9 Market Positioning of Key Steer-by-wire Systems Manufacturers, 2017
FIG. 10 Global Steer-by-wire Systems Market Value Contribution, By Component, 2017 & 2026 (%)
FIG. 11 Global Steer-by-wire Systems Hardware Market Value, 2016 – 2026, (US$ Mn)
FIG. 12 Global Steer-by-wire Systems Feedback Motor Market Value, 2016 – 2026, (US$ Mn)
FIG. 13 Global Steer-by-wire Systems Angular Sensors Market Value, 2016 – 2026, (US$ Mn)
FIG. 14 Global Steer-by-wire Systems Steering Actuator Market Value, 2016 – 2026, (US$ Mn)
FIG. 15 Global Steer-by-wire Systems Software Market Value, 2016 – 2026, (US$ Mn)
FIG. 16 Global Steer-by-wire Systems Market Value Contribution, By Vehicle Type, 2017 & 2026 (%)
FIG. 17 Global Steer-by-wire Systems Market Value from Passenger Vehicle, 2016 – 2026, (US$ Mn)
FIG. 18 Global Steer-by-wire Systems Market Value from Commercial Vehicle, 2017 & 2026 (%)
FIG. 19 North America Steer-by-wire Systems Market Value, 2016 – 2026, (US$ Mn)
FIG. 20 Europe Steer-by-wire Systems Market Value, 2016 – 2026, (US$ Mn)
FIG. 21 Asia Pacific Steer-by-wire Systems Market Value, 2016 – 2026, (US$ Mn)
FIG. 22 RoW Steer-by-wire Systems Market Value, 2016 – 2026, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Steer-by-wire Systems Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 5 North America Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 6 U.S. Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 7 U.S. Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 8 Canada Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 9 Canada Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 10 Europe Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 11 Europe Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 12 U.K. Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 13 U.K. Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 14 Germany Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 15 Germany Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 16 France Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 17 France Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 18 Rest of Europe Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 19 Rest of Europe Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 20 Asia Pacific Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 21 Asia Pacific Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 22 China Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 23 China Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 24 Japan Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 25 Japan Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 26 South Asia Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 27 South Asia Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 28 Rest of Asia Pacific Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 29 Rest of Asia Pacific Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 30 RoW Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 31 RoW Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 32 MEA Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 33 MEA Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 34 Latin America Steer-by-wire Systems Market Value, By Component, 2016 – 2026 (US$ Mn)
TABLE 35 Latin America Steer-by-wire Systems Market Value, By Vehicle Type, 2016 – 2026 (US$ Mn)
TABLE 36 Nissan Motor Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 37 ZF Friedrichshafen AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 38 JTEKT Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 39 Thyssenkrupp AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 40 Paravan GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 41 Sona Koyo Steering Systems Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 42 Nexteer Automotive: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 42 Danfoss Power Solutions, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)

Frequently Asked Questions:

What is the size of Automotive Steer-By-Wire Systems Market?

The market for Automotive Steer-By-Wire Systems is expected to reach US$ XX Bn in 2026.

What is the Automotive Steer-By-Wire Systems Market CAGR?

The Automotive Steer-By-Wire Systems market is expected to see significant CAGR growth over the coming years,at 23.4%.

What is the Forecast period considered for Automotive Steer-By-Wire Systems Market?

The report is forecasted from 2018-2026.

What is the base year considered for Automotive Steer-By-Wire Systems Market?

The base year of this report is 2017.

Who are the major players in this Market?

Nissan Motor Co. Ltd., ZF Friedrichshafen AG,JTEKT Corporation, Thyssenkrupp AG, Paravan GmbH are some of the major players in the global market.

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