Automotive Steer-by-Wire (SBW) System Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Propulsion Type (ICE and Electric), By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), By Component (Feedback Motors, Angular Sensors, Steering Actuators and Others), By Region, Competition 2018-2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 3.52 Billion

CAGR (2023-2028)

7.64%

Fastest Growing Segment

Passenger Cars

Largest Market

Asia-Pacific




Market Overview

The Global Automotive Steer-by-Wire (SBW) System Market size reached USD 3.52 Billion in 2022 and is expected to grow with a CAGR of 7.64% in the forecast period. The Automotive Steer-by-Wire (SBW) System Market is experiencing a transformative shift in the automotive industry, redefining traditional steering mechanisms. SBW replaces conventional mechanical linkages with electronic controls, eliminating the direct physical connection between the steering wheel and the vehicle's wheels. This technology offers a host of advantages, including enhanced maneuverability, precise control, and improved fuel efficiency. The market is witnessing heightened demand driven by the increasing focus on autonomous and electric vehicles, where SBW complements these futuristic technologies by providing seamless integration and adaptable steering responses.

Advancements in sensor technologies, particularly position sensors and feedback mechanisms, are driving the evolution of SBW systems, ensuring accurate and real-time control. The market is marked by a transition from traditional hydraulic and mechanical steering systems to sophisticated electronic systems that offer adaptive steering functionalities. Safety and reliability are paramount considerations, leading to investments in redundant systems and fail-safe mechanisms to ensure the resilience of SBW technology in various driving conditions.

Geographically, the market is expanding globally, with North America and Europe at the forefront of adoption due to their strong automotive industries and proclivity for technological innovations. Asia-Pacific, particularly China, is emerging as a significant market, driven by a surge in automotive production and a growing demand for advanced driver-assistance features. Latin America and the Middle East are also witnessing gradual integration of SBW systems, albeit at a slower pace. Despite promising prospects, challenges such as cybersecurity concerns, regulatory compliance, and consumer acceptance need to be addressed for the widespread adoption of SBW systems. Nonetheless, the market is poised for continuous growth as automakers and technology providers collaborate to overcome these challenges, aiming to make SBW systems a cornerstone technology in the automotive landscape.

Key Market Drivers

Advancements in Electric Vehicle Technology

The global Automotive Steer-by-Wire (SBW) System market is being propelled by the rapid advancement and adoption of electric vehicles (EVs). As the automotive industry shifts toward electrification, SBW systems emerge as a critical component, seamlessly integrating with electric platforms. Their electronic nature facilitates precise control and adaptability, aligning with the eco-friendly and sustainable direction of the automotive landscape.

Autonomous Driving Integration

The proliferation of autonomous driving technology is a primary driver for the SBW System market. SBW plays a pivotal role in the integration of autonomous features, providing the necessary precision and adaptability for vehicles to navigate complex scenarios. As the industry moves toward higher levels of automation, the demand for SBW systems is on the rise to support the steering requirements of self-driving vehicles.

Enhanced Fuel Efficiency

SBW systems contribute significantly to improved fuel efficiency, marking them as a driver in the global market. By eliminating traditional mechanical linkages, SBW reduces vehicle weight, resulting in enhanced fuel economy. This driver aligns with the industry's focus on meeting stringent environmental regulations and addressing consumer demands for more energy-efficient automotive solutions.

Advanced Driver-Assistance Systems (ADAS)

The demand for advanced driver-assistance features is driving the adoption of SBW systems. These systems support functionalities such as lane-keeping assistance, automated parking, and adaptive cruise control. The integration of SBW enhances safety and convenience, catering to a consumer base increasingly valuing intelligent features that improve overall driving experiences.

Innovation in Vehicle Design

SBW technology is a catalyst for innovation in vehicle design, marking another significant driver. Automakers leverage the flexibility of SBW to reimagine cabin layouts and steering configurations. This driver reflects a broader industry trend where unique and futuristic vehicle designs are gaining prominence, driven by advancements in electronic control systems like SBW.

Collaborations and Partnerships

Collaborations between automotive manufacturers and technology providers are driving innovation in the SBW System market. Joint ventures and partnerships leverage the expertise of both parties, fostering the development of advanced SBW systems. These collaborations contribute to the creation of sophisticated steering solutions that incorporate the latest technologies and safety features.

Customizable Driving Experiences

Consumer demand for customizable driving experiences is fueling the adoption of SBW systems. These systems allow drivers to tailor steering responses to their preferences, contributing to a more personalized driving experience. The ability to adjust steering characteristics aligns with the industry's focus on meeting diverse consumer preferences.

Advancements in Sensor Technologies

Continual advancements in sensor technologies, particularly position sensors, are driving the evolution of SBW systems. These sensors enhance the precision and responsiveness of SBW, ensuring accurate and real-time control. As sensor technologies progress, SBW systems become increasingly sophisticated, addressing the need for precise and adaptive steering control in modern vehicles.


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Key Market Challenges

Cybersecurity Concerns

A primary challenge facing the global Automotive Steer-by-Wire (SBW) system market is the vulnerability to cybersecurity threats. As SBW systems rely on electronic controls and communication networks, they become susceptible to hacking and unauthorized access. Ensuring robust cybersecurity measures is crucial to prevent potential malicious intrusions that could compromise the safety and functionality of the steering system.

Regulatory Compliance and Standardization

The automotive industry is navigating a complex regulatory landscape with varying safety standards for steering systems globally. Achieving compliance with different regulations and ensuring standardized testing procedures for SBW systems pose significant challenges. The lack of uniform standards can hinder the widespread adoption of SBW technology as automakers navigate compliance requirements in different regions.

Consumer Acceptance and Trust

Introducing electronic steering systems requires gaining consumer acceptance and trust in the reliability and safety of SBW technology. Some consumers may express reservations about the perceived loss of direct mechanical connection to the steering mechanism. Building confidence through transparent communication about the safety measures and benefits of SBW is crucial to overcome this challenge.

System Redundancy and Fail-Safe Mechanisms

Ensuring the reliability of SBW systems in the event of component failure or system malfunctions is a critical challenge. Implementing effective redundancy and fail-safe mechanisms to address any potential issues is essential to prevent catastrophic failures. This becomes particularly crucial in scenarios where a loss of steering control could have severe safety implications.

Complex Integration with Other Vehicle Systems

SBW systems need to seamlessly integrate with various other vehicle systems, including electronic stability control, adaptive cruise control, and autonomous driving features. Achieving harmonious integration and ensuring that SBW complements these systems without causing conflicts or performance issues requires intricate coordination, posing a significant challenge for automotive manufacturers.

Cost Implications and Affordability

The adoption of SBW systems involves additional costs related to electronic components, sensors, and sophisticated control units. Balancing the integration of advanced technology with cost considerations poses a challenge, especially in price-sensitive market segments. Achieving economies of scale and technological optimizations are essential to make SBW systems more affordable for a broader consumer base.

Maintenance and Repair Challenges

While SBW systems can reduce certain maintenance requirements, they introduce new challenges in terms of repair and servicing. Specialized training and equipment are often necessary for technicians to diagnose and address issues with electronic steering components. Establishing a robust network of service centers capable of handling SBW-related maintenance is crucial for widespread adoption.

Infrastructure Readiness

The successful implementation of SBW systems is contingent on the readiness of the infrastructure, including repair facilities and diagnostic tools. Ensuring that service providers and technicians are equipped to handle electronic steering components and diagnose issues is a challenge. Additionally, a lack of standardized diagnostic tools can complicate the servicing process, impacting the overall reliability of SBW systems.

Key Market Trends

Integration with Autonomous Driving

A prominent trend in the global Automotive Steer-by-Wire (SBW) system market is its integration with autonomous driving technologies. As the automotive industry progresses towards autonomous vehicles, SBW systems play a pivotal role in providing the precise and adaptive steering control required for complex driving scenarios. The trend involves the development of SBW systems that seamlessly interface with autonomous systems, enabling a harmonized approach to steering in both manual and autonomous driving modes.

Electrification and Electric Vehicle Adoption

The increasing adoption of electric vehicles (EVs) is driving the trend of electrification in the automotive sector, influencing SBW systems. SBW, with its electronic control and absence of a physical steering column, aligns well with the design requirements of electric vehicles. The trend involves the development of SBW systems optimized for EV architectures, contributing to the overall efficiency and adaptability of electric mobility solutions.

Advanced Sensor Technologies

Advancements in sensor technologies are a key trend shaping the SBW system market. The evolution of position sensors, feedback mechanisms, and other sensor components enhances the precision and responsiveness of SBW systems. Manufacturers are investing in cutting-edge sensor technologies to ensure accurate and real-time feedback, enabling SBW systems to deliver optimal steering performance in diverse driving conditions.

Drive-by-Wire Systems in Concept and Luxury Vehicles

The adoption of SBW technology is particularly pronounced in high-end concept vehicles and luxury car segments. Automakers are integrating SBW systems to showcase innovative features, including customizable steering responses and adaptive driving modes. This trend reflects a consumer demand for cutting-edge technologies and sets the stage for potential future widespread adoption across various vehicle segments.

Haptic Feedback and Steering Feel Customization

The trend towards haptic feedback and customization of steering feel is gaining traction. SBW systems allow for the incorporation of haptic feedback mechanisms, providing drivers with tactile sensations that mimic traditional steering feel. Moreover, customizable steering responses enable drivers to personalize their driving experience, adjusting the level of steering assistance and responsiveness based on their preferences.

Collaborations and Partnerships

Collaborations between automotive manufacturers and technology providers are a prevailing trend in the SBW market. Joint ventures and partnerships aim to leverage the expertise of both parties, fostering innovation in SBW technology. These collaborations often lead to the development of advanced SBW systems that incorporate the latest technologies and safety features, addressing the challenges associated with steering in the era of advanced mobility solutions.

Development of Redundancy and Safety Features

Ensuring the safety and reliability of SBW systems is a continuous trend, leading to the development of redundancy and fail-safe features. Manufacturers are incorporating redundant systems and safety mechanisms to address potential failures and instill confidence in both consumers and regulatory bodies. This trend aligns with the industry's commitment to enhancing the safety of electronic steering systems.

Real-world Testing and Validation

The trend of real-world testing and validation is crucial for the successful implementation of SBW systems. Manufacturers are conducting extensive testing in diverse driving conditions to validate the performance, reliability, and safety of SBW technology. Real-world testing helps refine the algorithms, adaptability, and responsiveness of SBW systems, ensuring their effectiveness across various scenarios and contributing to the market's ongoing evolution.

Segmental Insights

By Propulsion Type

The Automotive Steer-by-Wire (SBW) System market encounters unique challenges and opportunities concerning different propulsion types. In the context of Internal Combustion Engines (ICE), SBW systems are tasked with enhancing traditional vehicles' steering dynamics. While ICE vehicles may not inherently demand the same level of electronic sophistication as electric counterparts, SBW in ICE vehicles contributes to improved fuel efficiency and customizable driving experiences. The challenge lies in integrating SBW seamlessly with existing ICE architectures, addressing concerns related to system weight, power consumption, and compatibility. Additionally, retrofitting SBW into conventional ICE vehicles requires a strategic approach to overcome compatibility hurdles and ensure a smooth transition to advanced steering technology.

In the realm of electric propulsion, SBW technology takes on a pivotal role in shaping the driving experience of Electric Vehicles (EVs). The absence of an internal combustion engine and the shift towards electric platforms provide a conducive environment for the adoption of advanced electronic steering solutions. SBW systems in EVs contribute to optimized steering control, adaptability, and efficiency. The challenge here lies in the integration of SBW with the intricate electronic architectures of electric vehicles, ensuring seamless communication between the steering system and other electric components. Moreover, the weight-conscious nature of electric vehicles emphasizes the need for lightweight and energy-efficient SBW solutions. As electric propulsion continues to dominate the automotive landscape, overcoming these challenges becomes crucial for realizing the full potential of SBW systems in the context of electric vehicles.

By Vehicle Type

The integration of Steer-by-Wire (SBW) systems in passenger cars marks a paradigm shift in steering technology, offering a range of benefits for both manufacturers and consumers. In the passenger car segment, SBW enhances maneuverability and steering precision. By eliminating traditional mechanical linkages, these systems open up design possibilities for automakers, allowing for more spacious and adaptable interiors. Additionally, SBW technology provides customizable steering responses, catering to diverse driver preferences. As the demand for advanced driver-assistance features and electrification in passenger cars rises, SBW emerges as a key enabler, supporting the industry's evolution toward more efficient, connected, and futuristic vehicles.

In the domain of Light Commercial Vehicles (LCVs), which include vans and pickups, the adoption of SBW systems brings forth improvements in both safety and maneuverability. SBW enhances handling, particularly in urban environments where agility and ease of navigation are critical. The electronic steering control facilitates features such as automated parking, contributing to the efficiency of commercial applications. Furthermore, the space-saving design of SBW aligns with the practical considerations of LCVs. As the demand for last-mile delivery solutions grows and urban logistics become more complex, the integration of SBW technology in LCVs becomes increasingly significant for meeting these evolving transportation needs.

In the realm of Heavy Commercial Vehicles (HCVs), SBW systems play a pivotal role in reshaping steering dynamics for larger and more complex vehicles. SBW contributes to enhanced stability, control, and safety during long-haul transportation. The adaptability of SBW to varying loads and driving conditions addresses the challenges associated with maneuvering heavy vehicles, providing precise steering control. As the logistics industry explores advancements in connectivity and automation, the integration of SBW systems in HCVs reflects a trend toward optimizing steering capabilities for the demands of heavy-duty commercial applications. The potential benefits in terms of safety and efficiency position SBW as a transformative technology in the HCV segment, contributing to the evolution of commercial vehicle platforms.

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Regional Insights

North America is a dynamic hub for the adoption of Steer-by-Wire (SBW) systems, driven by a combination of technological innovation and a robust automotive industry. The region is characterized by a strong presence of leading automakers and technology companies, fostering collaborations that drive the development of advanced SBW technologies. Regulatory support and a consumer base enthusiastic about cutting-edge automotive features contribute to the rapid integration of SBW systems. The North American market reflects a keen interest in enhancing safety, connectivity, and overall driving experiences, positioning SBW as a key player in the region's automotive evolution.

Europe stands as a pivotal market for SBW systems, emphasizing safety, sustainability, and innovation. European automakers, renowned for their engineering excellence, actively integrate SBW technology to elevate steering precision and support advanced driver-assistance features. Germany, in particular, plays a leading role in SBW research and development, contributing to the overall advancement of electronic steering solutions. The European market showcases a nuanced approach, balancing the adoption of SBW in luxury and performance vehicles with a commitment to meeting stringent safety standards and regulatory requirements.

The Asia-Pacific region, led by automotive giants such as China and Japan, is witnessing a surge in the adoption of SBW systems. China's flourishing electric vehicle market and the emphasis on autonomous driving technologies drive the demand for advanced steering solutions. Japanese automakers, known for their technological prowess, actively contribute to the evolution of SBW systems. The dynamic automotive landscape in the Asia-Pacific region reflects a blend of consumer demand for innovative features and government initiatives supporting smart mobility solutions. SBW's role in enhancing safety and adapting to diverse driving conditions aligns with the region's aspirations for advanced automotive technologies.

Latin America is gradually incorporating SBW systems into its automotive landscape, navigating economic considerations and diverse regulatory environments. While the adoption may be more gradual compared to other regions, there is a growing interest in enhancing vehicle safety and driving experiences. Collaborations between local manufacturers and global technology providers contribute to the introduction of SBW technology in the region, particularly in urban areas where maneuverability and safety are paramount.

The Middle East and Africa are exploring the potential of SBW systems, aligning with the region's focus on smart city initiatives and sustainable transportation solutions. The luxury vehicle segment in the Middle East, known for its penchant for cutting-edge automotive technologies, contributes to the adoption of SBW in high-end vehicles. As the region embraces advancements in connectivity and automation, SBW technology plays a role in shaping the steering dynamics of vehicles, addressing the unique demands of Middle Eastern roads and driving conditions.

Key Market Players

  • Nissan Motor Company Ltd
  • ZF Friedrichshafen AG
  • JTEKT Corporation
  • Thyssenkrupp AG
  • Paravan GmbH
  • Nexteer Automotive
  • Danfoss Power Solutions, Inc.
  • SKF
  • LORD Corporation
  • Eaton Corporation


By Propulsion Type

By Vehicle Type

By Component

By Region
  • ICE
  • Electric
  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Feedback Motors
  • Angular Sensors
  • Steering Actuators
  • Others
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Automotive Steer-by-Wire (SBW) System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Steer-by-Wire (SBW) System Market, By Propulsion Type:

o   ICE

o   Electric

  • Automotive Steer-by-Wire (SBW) System Market, By Vehicle Type:

o   Passenger Car

o   Light Commercial Vehicle

o   Heavy Commercial Vehicle

  • Automotive Steer-by-Wire (SBW) System Market, By Component:

o   Feedback Motors

o   Angular Sensors

o   Steering Actuators

o   Others

  • Automotive Steer-by-Wire (SBW) System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Steer-by-Wire (SBW) System Market.

Available Customizations:

Global Automotive Steer-by-Wire (SBW) System Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Steer-by-Wire (SBW) System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Steer-by-Wire (SBW) System Market

5.    Global Automotive Steer-by-Wire (SBW) System Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Propulsion Type Market Share Analysis (ICE and Electric)

5.2.2.    By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle)

5.2.3.    By Component Market Share Analysis (Feedback Motors, Angular Sensors, Steering Actuators and Others)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Automotive Steer-by-Wire (SBW) System Market Mapping & Opportunity Assessment

5.3.1.    By Propulsion Type Market Mapping & Opportunity Assessment

5.3.2.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.3.    By Component Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Steer-by-Wire (SBW) System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Propulsion Type Market Share Analysis

6.2.2.    By Vehicle Type Market Share Analysis

6.2.3.    By Component Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive Steer-by-Wire (SBW) System Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Propulsion Type Market Share Analysis

6.3.1.2.2.           By Vehicle Type Market Share Analysis

6.3.1.2.3.           By Component Market Share Analysis

6.3.2.    India Automotive Steer-by-Wire (SBW) System Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Propulsion Type Market Share Analysis

6.3.2.2.2.           By Vehicle Type Market Share Analysis

6.3.2.2.3.           By Component Market Share Analysis

6.3.3.    Japan Automotive Steer-by-Wire (SBW) System Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Propulsion Type Market Share Analysis

6.3.3.2.2.           By Vehicle Type Market Share Analysis

6.3.3.2.3.           By Component Market Share Analysis

6.3.4.    Indonesia Automotive Steer-by-Wire (SBW) System Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Propulsion Type Market Share Analysis

6.3.4.2.2.           By Vehicle Type Market Share Analysis

6.3.4.2.3.           By Component Market Share Analysis

6.3.5.    Thailand Automotive Steer-by-Wire (SBW) System Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Component Market Share Analysis

6.3.5.2.2.           By Vehicle Type Market Share Analysis

6.3.5.2.3.           By Component Market Share Analysis

6.3.6.    South Korea Automotive Steer-by-Wire (SBW) System Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Propulsion Type Market Share Analysis

6.3.6.2.2.           By Vehicle Type Market Share Analysis

6.3.6.2.3.           By Component Market Share Analysis

6.3.7.    Australia Automotive Steer-by-Wire (SBW) System Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Propulsion Type Market Share Analysis

6.3.7.2.2.           By Vehicle Type Market Share Analysis

6.3.7.2.3.           By Component Market Share Analysis

7.    Europe & CIS Automotive Steer-by-Wire (SBW) System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Propulsion Type Market Share Analysis

7.2.2.    By Vehicle Type Market Share Analysis

7.2.3.    By Component Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Automotive Steer-by-Wire (SBW) System Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Propulsion Type Market Share Analysis

7.3.1.2.2.           By Vehicle Type Market Share Analysis

7.3.1.2.3.           By Component Market Share Analysis

7.3.2.    Spain Automotive Steer-by-Wire (SBW) System Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Propulsion Type Market Share Analysis

7.3.2.2.2.           By Vehicle Type Market Share Analysis

7.3.2.2.3.           By Component Market Share Analysis

7.3.3.    France Automotive Steer-by-Wire (SBW) System Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Propulsion Type Market Share Analysis

7.3.3.2.2.           By Vehicle Type Market Share Analysis

7.3.3.2.3.           By Component Market Share Analysis

7.3.4.    Russia Automotive Steer-by-Wire (SBW) System Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Propulsion Type Market Share Analysis

7.3.4.2.2.           By Vehicle Type Market Share Analysis

7.3.4.2.3.           By Component Market Share Analysis

7.3.5.    Italy Automotive Steer-by-Wire (SBW) System Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Propulsion Type Market Share Analysis

7.3.5.2.2.           By Vehicle Type Market Share Analysis

7.3.5.2.3.           By Component Market Share Analysis

7.3.6.    United Kingdom Automotive Steer-by-Wire (SBW) System Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Propulsion Type Market Share Analysis

7.3.6.2.2.           By Vehicle Type Market Share Analysis

7.3.6.2.3.           By Component Market Share Analysis

7.3.7.    Belgium Automotive Steer-by-Wire (SBW) System Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Propulsion Type Market Share Analysis

7.3.7.2.2.           By Vehicle Type Market Share Analysis

7.3.7.2.3.           By Component Market Share Analysis

8.    North America Automotive Steer-by-Wire (SBW) System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Propulsion Type Market Share Analysis

8.2.2.    By Vehicle Type Market Share Analysis

8.2.3.    By Component Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive Steer-by-Wire (SBW) System Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Propulsion Type Market Share Analysis

8.3.1.2.2.           By Vehicle Type Market Share Analysis

8.3.1.2.3.           By Component Market Share Analysis

8.3.2.    Mexico Automotive Steer-by-Wire (SBW) System Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Propulsion Type Market Share Analysis

8.3.2.2.2.           By Vehicle Type Market Share Analysis

8.3.2.2.3.           By Component Market Share Analysis

8.3.3.    Canada Automotive Steer-by-Wire (SBW) System Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Propulsion Type Market Share Analysis

8.3.3.2.2.           By Vehicle Type Market Share Analysis

8.3.3.2.3.           By Component Market Share Analysis

9.    South America Automotive Steer-by-Wire (SBW) System Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Propulsion Type Market Share Analysis

9.2.2.    By Vehicle Type Market Share Analysis

9.2.3.    By Component Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive Steer-by-Wire (SBW) System Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Propulsion Type Market Share Analysis

9.3.1.2.2.           By Vehicle Type Market Share Analysis

9.3.1.2.3.           By Component Market Share Analysis

9.3.2.    Colombia Automotive Steer-by-Wire (SBW) System Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Propulsion Type Market Share Analysis

9.3.2.2.2.           By Vehicle Type Market Share Analysis

9.3.2.2.3.           By Component Market Share Analysis

9.3.3.    Argentina Automotive Steer-by-Wire (SBW) System Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Propulsion Type Market Share Analysis

9.3.3.2.2.           By Vehicle Type Market Share Analysis

9.3.3.2.3.           By Component Market Share Analysis

10. Middle East & Africa Automotive Steer-by-Wire (SBW) System Market Outlook

10.1.           Market Size & Forecast

10.1.1. By Value

10.2.           Market Share & Forecast

10.2.1. By Propulsion Type Market Share Analysis

10.2.2. By Vehicle Type Market Share Analysis

10.2.3. By Component Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Turkey Market Share Analysis

10.2.4.2.     Iran Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.           Middle East & Africa: Country Analysis

10.3.1. Turkey Automotive Steer-by-Wire (SBW) System Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Propulsion Type Market Share Analysis

10.3.1.2.2.         By Vehicle Type Market Share Analysis

10.3.1.2.3.         By Component Market Share Analysis

10.3.2. Iran Automotive Steer-by-Wire (SBW) System Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Propulsion Type Market Share Analysis

10.3.2.2.2.         By Vehicle Type Market Share Analysis

10.3.2.2.3.         By Component Market Share Analysis

10.3.3. Saudi Arabia Automotive Steer-by-Wire (SBW) System Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Propulsion Type Market Share Analysis

10.3.3.2.2.         By Vehicle Type Market Share Analysis

10.3.3.2.3.         By Component Market Share Analysis

10.3.4. UAE Automotive Steer-by-Wire (SBW) System Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Propulsion Type Market Share Analysis

10.3.4.2.2.         By Vehicle Type Market Share Analysis

10.3.4.2.3.         By Component Market Share Analysis

11. SWOT Analysis

11.1.           Strength

11.2.           Weakness

11.3.           Opportunities

11.4.           Threats

12. Market Dynamics

12.1.           Market Drivers

12.2.           Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.           Company Profiles (Up to 10 Major Companies)

14.1.1. Nissan Motor Company Ltd 

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. ZF Friedrichshafen AG  .   

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. JTEKT Corporation 

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Thyssenkrupp AG 

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Paravan GmbH 

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Nexteer Automotive

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Danfoss Power Solutions, Inc

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. SKF 

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. LORD Corporation 

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.               Eaton Corporation

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.           Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Propulsion Type

15.1.3. Target Vehicle Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The Global Automotive Steer-by-Wire (SBW) System Market size reached USD 3.52 Billion 2022.

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In the propulsion segment, Electric Vehicles (EVs) are increasingly dominating the automotive landscape over Internal Combustion Engine (ICE) vehicles. The global shift towards sustainable and eco-friendly transportation is propelling the widespread adoption of electric propulsion systems. Electric vehicles, characterized by their environmental benefits and technological advancements, have gained significant market share. Governments' initiatives, coupled with growing consumer awareness, are accelerating the transition to electric propulsion, making it the dominant force in shaping the future of the automotive industry. As charging infrastructure expands and battery technology improves, the momentum towards electric propulsion continues to strengthen, influencing vehicle design and steering technologies like Steer-by-Wire.

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Asia-Pacific emerges as the dominant region in the Global Automotive Steer-by-Wire (SBW) System Market, fueled by a convergence of technological innovation, burgeoning automotive markets, and government support for smart mobility solutions. Led by automotive powerhouses like China and Japan, the region showcases a robust adoption of SBW systems, reflecting a commitment to advanced steering technologies. The rapid growth of the electric vehicle market in China, coupled with Japan's engineering prowess, positions Asia-Pacific at the forefront of SBW integration. As the automotive industry continues to evolve towards autonomy and electrification, the dynamic landscape of the Asia-Pacific region plays a pivotal role in steering the global trajectory of SBW technology.

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The Global Automotive Steer-by-Wire (SBW) System Market is propelled by several major drivers shaping the future of automotive steering technology. Firstly, the rise of electric vehicles (EVs) is a significant driver, as SBW systems seamlessly integrate with electric platforms, offering precise and adaptable steering control. Secondly, the increasing focus on autonomous driving technology fuels the demand for SBW, as it plays a crucial role in providing the necessary steering precision for self-driving vehicles. Lastly, the pursuit of enhanced fuel efficiency is driving the adoption of SBW systems, as they contribute to weight reduction and improved overall vehicle efficiency, aligning with the automotive industry's commitment to sustainability and environmental responsibility. These key drivers collectively underscore SBW's pivotal role in steering the automotive industry toward a future marked by electrification, autonomy, and efficiency.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Automotive Steer-by-Wire (SBW) System Market to Grow with a CAGR of 7.64% Through 2028

Nov, 2023

The rise of electric vehicles (EVs) is a significant driver, as SBW systems seamlessly integrate with electric platforms, offering precise and adaptable steering control are the factors driving marke

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