Vehicle steer-by-wire refers to a system that uses cables and wiring to electronically perform steering operations in a vehicle. In such a setup, there is no longer any mechanical connection between the input component for steering (e.g. the steering wheel) and the vehicle’s wheels. Instead, all steering commands are transmitted electrically by a control unit to a motor that then executes the steering movement, thereby causing the wheels to turn in a corresponding manner.
When steer-by-wire system is applied in autonomous cars, the steering wheel is either non-existent or can be folded in and out.
According to the new market research report “Vehicle Steer-by-wire System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Vehicle Steer-by-wire System market size is projected to reach USD 11.2 billion by 2029, at a CAGR of 89.6% during the forecast period.
- Global Vehicle Steer-by-wire System MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Vehicle Steer-by-wire System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Vehicle Steer-by-wire System Top13Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Vehicle Steer-by-wire System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Vehicle Steer-by-wire System include JTEKT Corporation, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa ), Hyundai Mobis, Thyssenkrupp, Mando Corporation, China Automotive Systems, etc. In 2021, the global top five players had a share approximately 23343.0% in terms of revenue.
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