Global Automotive Steer-by-wire System Market Size, Status and Forecast 2021-2027

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 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.

Market Analysis and Insights: Global Automotive Steer-by-wire System Market
The global Automotive Steer-by-wire System market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
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Global Automotive Steer-by-wire System Scope and Market Size
Automotive Steer-by-wire System market is segmented by company, 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 in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Pure Electronic
Backup Mechanical

Segment by Application
Passenger Vehicles
Commercial Vehicles

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
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

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