Global Automotive Steer-by-Wire (SBW) Market: By Component: Physical Component (Steering Actuator, Feedback Motor, Angular Sensors) and Software Component: By Vehicle: Passenger Vehicle, Commercial Vehicle: Research, Analysis, Insights, Size, Growth and Forecast through 2016-2025

Preamble:

Steering system of a vehicle is the connection of components and linkages which allows the vehicle to turn in the desired directions. Various kinds of steering mechanism provided in cars are like the Rack and Pinion type steering mechanism, Recirculating Ball type steering mechanism and others. Steering system can also be categorized into two parts. One is the manual steering system and the other one is the power-assisted steering system. However in recent market trends, Steer-by-wire (SBW) system is having a great impact in the automobile sector. Steer-by-wire (SBW) is the next generation stage of automobile steering system. Electronic steering offers good configuring in steering functionality of the vehicle. It provides better design flexibility than any other direct drive system. Improved quality of electrical and electronic products has proved to be beneficial for steer-by-wire systems.

In the automotive industry, steer-by-wire or drive-by-wire technology is the use of electrical or electro-mechanical systems for performing better steering function. The technology further improves the human-machine interface by using electronic control system thus providing a better steering control of a vehicle. Also, due to the steer-by-wire (SBW) technology the fuel efficiency of vehicles has also increased due to the reduced weight post SBW implementation.

Notable industry movements:

Automotive steering system being the main line of control of the driver with the automobile, there is an increasing advancement in the steering system of automobile industry, Steer-by-wire (SBW) system being one of them. SBW technology has the intention of achieving a fully autonomous vehicle technology (AVT). Automotive steer-by-wire system being a new advancement in steering system there is a huge market potential during the forecast period. In the last couple of years some major automotive manufacturers such as Nissan, Infinity have already established this new steering system. Steer by wire or Direct Adaptive Steering offers quicker steering response by keeping the vehicle away from vibration and thus providing a comfortable drive by improving the vehicles lane control system. Automobile manufacturer Infiniti is the first to bring this steer by wire system in market in their Q50 hybrid model. Moreover with this, SBW system improves the safety measurements by providing better quality of control such as Adaptive Cruise Control and Lane Assist Systems. This is projected to augment the popularity of steer-by-wire (SBW) market.

However, with this there are also some downsides with steer-by-wire system. Firstly, the major problem with this system is that consumers cannot gain trust on this SBW technology. So, there is degradation in the sales market. Secondly, the cost of SBW system is often higher than any other system. Moreover, any kind of failure in the control system can result to a tremendous accident of the vehicle.

Segmentation:

Geographical framework and growth trend:

By geography, automotive steer-by-wire system market is segmented into Europe, Latin America, North America, Asia-Pacific and rest of the world. In developing countries like China, India, and others there is an increasing demand in the automotive steering system. More than that, Europe has become the most important part to capture the automotive SBW system market and has occupied mostly overall market share. Europe being the largest manufacturer of motor vehicles in the automobile sector has been bringing advancement in the R&D region. Therefore, the demand for automotive steer-by-wire market is set to grow thus bringing change in lifestyle.

Key leaders:         

On a global basis, key leaders operating this automotive steer-by-wire system market are Nissan Motor Company Ltd., Bosch, JTEKT, Paravan, among others.