The global Vehicle Steer-by-wire System market size is predicted to grow from US$ 772 million in 2025 to US$ 40220 million in 2031; it is expected to grow at a CAGR of 93.3% from 2025 to 2031.
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鈥檚 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.
A steer-by-wire system is an advanced steering technology that replaces traditional mechanical linkages with electronic controls to steer a vehicle. In this system, the physical connection between the steering wheel and the wheels is eliminated, allowing for a more flexible and responsive steering experience. Instead of using mechanical components, steer-by-wire systems rely on sensors, actuators, and electronic control units to transmit steering inputs from the driver to the vehicle's wheels.
One of the primary advantages of steer-by-wire technology is its ability to enhance driving comfort and vehicle handling. By using electronic systems, manufacturers can fine-tune the steering response, making it adaptable to different driving conditions and preferences. For instance, the system can provide lighter steering at low speeds for easier maneuverability, while increasing resistance at higher speeds for improved stability.
Additionally, steer-by-wire systems contribute to weight reduction in vehicles. The absence of physical components like steering columns and linkages allows for a more compact design, which can improve fuel efficiency and overall performance. This technology also enables the integration of advanced features, such as lane-keeping assistance and automated driving capabilities, making it a crucial component in the development of autonomous vehicles.
However, the transition to steer-by-wire systems poses challenges, including ensuring system reliability and safety. Since this technology relies heavily on electronic components, robust fail-safe mechanisms must be in place to maintain control in case of system failures. Despite these challenges, the steer-by-wire system represents a significant step toward the future of automotive engineering, offering enhanced functionality, improved vehicle dynamics, and paving the way for smarter driving experiences.
The 鈥淰ehicle Steer-by-wire System Industry Forecast鈥� looks at past sales and reviews total world Vehicle Steer-by-wire System sales in 2024, providing a comprehensive analysis by region and market sector of projected Vehicle Steer-by-wire System sales for 2025 through 2031. With Vehicle Steer-by-wire System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Steer-by-wire System industry.
This Insight Report provides a comprehensive analysis of the global Vehicle Steer-by-wire System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle Steer-by-wire System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Vehicle Steer-by-wire System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Steer-by-wire System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Steer-by-wire System.
This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Steer-by-wire System market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mechanical Redundancy
Electric Backup Redundancy
Segmentation by Application:
Level 3 Vehicle
L4-L5 Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ZF
JTEKT Corporation
Nexteer
Schaeffler
Bosch
KYB Corporation
Mando Corporation
NSK Steering Systems
Zhejiang Shibao
DECO Automotive
Teemo Technology
ThyssenKrupp
Key Questions Addressed in this Report
What is the 10-year outlook for the global Vehicle Steer-by-wire System market?
What factors are driving Vehicle Steer-by-wire System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vehicle Steer-by-wire System market opportunities vary by end market size?
How does Vehicle Steer-by-wire System break out by Type, by Application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Vehicle Steer-by-wire System Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Vehicle Steer-by-wire System by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Vehicle Steer-by-wire System by Country/Region, 2020, 2024 & 2031
2.2 Vehicle Steer-by-wire System Segment by Type
2.2.1 Mechanical Redundancy
2.2.2 Electric Backup Redundancy
2.3 Vehicle Steer-by-wire System Sales by Type
2.3.1 Global Vehicle Steer-by-wire System Sales Market Share by Type (2020-2025)
2.3.2 Global Vehicle Steer-by-wire System Revenue and Market Share by Type (2020-2025)
2.3.3 Global Vehicle Steer-by-wire System Sale Price by Type (2020-2025)
2.4 Vehicle Steer-by-wire System Segment by Application
2.4.1 Level 3 Vehicle
2.4.2 L4-L5 Vehicle
2.5 Vehicle Steer-by-wire System Sales by Application
2.5.1 Global Vehicle Steer-by-wire System Sale Market Share by Application (2020-2025)
2.5.2 Global Vehicle Steer-by-wire System Revenue and Market Share by Application (2020-2025)
2.5.3 Global Vehicle Steer-by-wire System Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Vehicle Steer-by-wire System Breakdown Data by Company
3.1.1 Global Vehicle Steer-by-wire System Annual Sales by Company (2020-2025)
3.1.2 Global Vehicle Steer-by-wire System Sales Market Share by Company (2020-2025)
3.2 Global Vehicle Steer-by-wire System Annual Revenue by Company (2020-2025)
3.2.1 Global Vehicle Steer-by-wire System Revenue by Company (2020-2025)
3.2.2 Global Vehicle Steer-by-wire System Revenue Market Share by Company (2020-2025)
3.3 Global Vehicle Steer-by-wire System Sale Price by Company
3.4 Key Manufacturers Vehicle Steer-by-wire System Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Vehicle Steer-by-wire System Product Location Distribution
3.4.2 Players Vehicle Steer-by-wire System Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Vehicle Steer-by-wire System by Geographic Region
4.1 World Historic Vehicle Steer-by-wire System Market Size by Geographic Region (2020-2025)
4.1.1 Global Vehicle Steer-by-wire System Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Vehicle Steer-by-wire System Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Vehicle Steer-by-wire System Market Size by Country/Region (2020-2025)
4.2.1 Global Vehicle Steer-by-wire System Annual Sales by Country/Region (2020-2025)
4.2.2 Global Vehicle Steer-by-wire System Annual Revenue by Country/Region (2020-2025)
4.3 Americas Vehicle Steer-by-wire System Sales Growth
4.4 APAC Vehicle Steer-by-wire System Sales Growth
4.5 Europe Vehicle Steer-by-wire System Sales Growth
4.6 Middle East & Africa Vehicle Steer-by-wire System Sales Growth
5 Americas
5.1 Americas Vehicle Steer-by-wire System Sales by Country
5.1.1 Americas Vehicle Steer-by-wire System Sales by Country (2020-2025)
5.1.2 Americas Vehicle Steer-by-wire System Revenue by Country (2020-2025)
5.2 Americas Vehicle Steer-by-wire System Sales by Type (2020-2025)
5.3 Americas Vehicle Steer-by-wire System Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Vehicle Steer-by-wire System Sales by Region
6.1.1 APAC Vehicle Steer-by-wire System Sales by Region (2020-2025)
6.1.2 APAC Vehicle Steer-by-wire System Revenue by Region (2020-2025)
6.2 APAC Vehicle Steer-by-wire System Sales by Type (2020-2025)
6.3 APAC Vehicle Steer-by-wire System Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Vehicle Steer-by-wire System by Country
7.1.1 Europe Vehicle Steer-by-wire System Sales by Country (2020-2025)
7.1.2 Europe Vehicle Steer-by-wire System Revenue by Country (2020-2025)
7.2 Europe Vehicle Steer-by-wire System Sales by Type (2020-2025)
7.3 Europe Vehicle Steer-by-wire System Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Vehicle Steer-by-wire System by Country
8.1.1 Middle East & Africa Vehicle Steer-by-wire System Sales by Country (2020-2025)
8.1.2 Middle East & Africa Vehicle Steer-by-wire System Revenue by Country (2020-2025)
8.2 Middle East & Africa Vehicle Steer-by-wire System Sales by Type (2020-2025)
8.3 Middle East & Africa Vehicle Steer-by-wire System Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Vehicle Steer-by-wire System
10.3 Manufacturing Process Analysis of Vehicle Steer-by-wire System
10.4 Industry Chain Structure of Vehicle Steer-by-wire System
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Vehicle Steer-by-wire System Distributors
11.3 Vehicle Steer-by-wire System Customer
12 World Forecast Review for Vehicle Steer-by-wire System by Geographic Region
12.1 Global Vehicle Steer-by-wire System Market Size Forecast by Region
12.1.1 Global Vehicle Steer-by-wire System Forecast by Region (2026-2031)
12.1.2 Global Vehicle Steer-by-wire System Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Vehicle Steer-by-wire System Forecast by Type (2026-2031)
12.7 Global Vehicle Steer-by-wire System Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 ZF
13.1.1 ZF Company Information
13.1.2 ZF Vehicle Steer-by-wire System Product Portfolios and Specifications
13.1.3 ZF Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 ZF Main Business Overview
13.1.5 ZF Latest Developments
13.2 JTEKT Corporation
13.2.1 JTEKT Corporation Company Information
13.2.2 JTEKT Corporation Vehicle Steer-by-wire System Product Portfolios and Specifications
13.2.3 JTEKT Corporation Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 JTEKT Corporation Main Business Overview
13.2.5 JTEKT Corporation Latest Developments
13.3 Nexteer
13.3.1 Nexteer Company Information
13.3.2 Nexteer Vehicle Steer-by-wire System Product Portfolios and Specifications
13.3.3 Nexteer Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Nexteer Main Business Overview
13.3.5 Nexteer Latest Developments
13.4 Schaeffler
13.4.1 Schaeffler Company Information
13.4.2 Schaeffler Vehicle Steer-by-wire System Product Portfolios and Specifications
13.4.3 Schaeffler Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Schaeffler Main Business Overview
13.4.5 Schaeffler Latest Developments
13.5 Bosch
13.5.1 Bosch Company Information
13.5.2 Bosch Vehicle Steer-by-wire System Product Portfolios and Specifications
13.5.3 Bosch Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Bosch Main Business Overview
13.5.5 Bosch Latest Developments
13.6 KYB Corporation
13.6.1 KYB Corporation Company Information
13.6.2 KYB Corporation Vehicle Steer-by-wire System Product Portfolios and Specifications
13.6.3 KYB Corporation Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 KYB Corporation Main Business Overview
13.6.5 KYB Corporation Latest Developments
13.7 Mando Corporation
13.7.1 Mando Corporation Company Information
13.7.2 Mando Corporation Vehicle Steer-by-wire System Product Portfolios and Specifications
13.7.3 Mando Corporation Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Mando Corporation Main Business Overview
13.7.5 Mando Corporation Latest Developments
13.8 NSK Steering Systems
13.8.1 NSK Steering Systems Company Information
13.8.2 NSK Steering Systems Vehicle Steer-by-wire System Product Portfolios and Specifications
13.8.3 NSK Steering Systems Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 NSK Steering Systems Main Business Overview
13.8.5 NSK Steering Systems Latest Developments
13.9 Zhejiang Shibao
13.9.1 Zhejiang Shibao Company Information
13.9.2 Zhejiang Shibao Vehicle Steer-by-wire System Product Portfolios and Specifications
13.9.3 Zhejiang Shibao Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Zhejiang Shibao Main Business Overview
13.9.5 Zhejiang Shibao Latest Developments
13.10 DECO Automotive
13.10.1 DECO Automotive Company Information
13.10.2 DECO Automotive Vehicle Steer-by-wire System Product Portfolios and Specifications
13.10.3 DECO Automotive Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 DECO Automotive Main Business Overview
13.10.5 DECO Automotive Latest Developments
13.11 Teemo Technology
13.11.1 Teemo Technology Company Information
13.11.2 Teemo Technology Vehicle Steer-by-wire System Product Portfolios and Specifications
13.11.3 Teemo Technology Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Teemo Technology Main Business Overview
13.11.5 Teemo Technology Latest Developments
13.12 ThyssenKrupp
13.12.1 ThyssenKrupp Company Information
13.12.2 ThyssenKrupp Vehicle Steer-by-wire System Product Portfolios and Specifications
13.12.3 ThyssenKrupp Vehicle Steer-by-wire System Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 ThyssenKrupp Main Business Overview
13.12.5 ThyssenKrupp Latest Developments
14 Research Findings and Conclusion
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*If Applicable.