Automotive Steer by Wire System Market

Automotive Steer-by-Wire System (SbW) Market Size, Share & Industry Analysis, By Vehicle Type (Passenger cars, Light Commercial Vehicles, High Commercial Vehicles), By Component Type (Steering Actuator, Feedback Motor, Angular Sensors), By Drive Type (ICE, Electric) and Regional Forecast, 2023-2030

Automotive Steer by Wire System Market

Automotive Steer-by-Wire System (SbW) Market Size, Share & Industry Analysis, By Vehicle Type (Passenger cars, Light Commercial Vehicles, High Commercial Vehicles), By Component Type (Steering Actuator, Feedback Motor, Angular Sensors), By Drive Type (ICE, Electric) and Regional Forecast, 2023-2030


Insights into the {marketKeyword} Market include supply chain optimization, {marketKeyword} challenges, and growth forecasts segmented by region and service type.

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Automotive steer-by-wire system market has seen a remarkable growth and is expected to register a CAGR of 5% Forecast by 2030The automotive steer-by-wire provides complete steering control to the driver in the vehicle. The system eliminates mechanical linkages near the steering system and enhances vehicle performance. The automotive steer-by-wire system controls the wheel direction through the electric motor, which receives input through electronic control units from the driver.

KEY MARKET INSIGHTS

The stringent government emission regulations have led automakers to make vehicle fuel-efficient and also compile with the rules. Owing to this, many automobile manufacturers are downsizing the vehicle to make it fuel-efficient by adopting advanced technologies. The steer-by-wire system replaces mechanical steering connection linkage with electronics, algorithms, and actuators between road wheels and handwheels. Thus resulting in lowering the overall weight of the steering system. The steer-by-wire also provides enhanced maneuverability with a variable steering ratio for the wide range of driving performance and comfort. Growing demand for the superior ride and driving comfort among the consumers is also expected to drive the automotive steer-by-wire system market over the forecast period.

 

Key Market Driver - The increasing adoption of vehicle downsizing among automakers and also increased adoption of advanced technology within vehicles is expected to drive the market over the forecast period.

Key Market Restraint -The high cost of this system is likely be restraint for the growth of the steer-by-wire market.

Key Players Covered in the Automotive Steer-by-Wire System Market:

The prominent players in the global automotive steer-by-wire system market include Nissan Motor Company Ltd (Japan), ZF Friedrichshafen AG (Germany), JTEKT Corporation (Japan), and Thyssenkrupp AG (Germany), Paravan GmbH (Germany), Nexteer Automotive (US), Danfoss Power Solutions, Inc. (US), SKF (Sweden), LORD Corporation (US), and Eaton Corporation (Republic of Ireland), among others.

Segmentation: Automotive Steer-by-Wire System Market

The automotive steer-by-wire system market is segmented into vehicle type, component type, drive type, and region. By vehicle type, the market has been segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is expected to dominate the market over the forecast period. The increasing sales of passenger cars with advanced technologies and also a rising demand for fuel-efficient vehicles is likely to drive the segment’s growth in the market. The light commercial vehicle segment is also expected to show steady growth in the market.

By component type, further, the market has been segmented into steering actuator, feedback motor, and angular sensors. The steering actuator segment accounts for the largest market share and is also expected to dominate the steer-by-wire market owing to its use in every type of vehicle. The feedback motor segment is also expected to show good growth in the market over the forecast period.

By drive type, further, the market has been segmented into ICE and electric. The ICE segment is expected to dominate the market owing to large scale usage of steer-by-wire in the ICE segment. The electric segment is also expected to show good growth in the market owing to the growing adoption of the steer-by-wire in the electric vehicles.

Regional Analysis:

Geographically, the global market has been segmented into the four major regions of North America, Europe, Asia Pacific, and Rest of the world. Europe is expected to dominate the market over the forecast owing to the growing adoption of advanced technologies in this region. The increasing awareness among the consumers regarding advanced technologies is also expected to drive the growth of the market in this region. 

Asia-Pacific is also anticipated to show good growth in the market over the forecast period. The growing demand for luxury vehicles in this region, owing to the rising disposable income of the individuals, is likely to boost the market’s growth in this region.

 

Report Outlook


 

 

By Vehicle Type

    • Passenger cars

    • Light Commercial Vehicles

    • High Commercial Vehicles

By Component Type

    • Steering Actuator

    • Feedback Motor

    • Angular Sensors

By Drive Type

    • ICE

    • Electric

By Geography

    • North America (USA, Canada, and Mexico)

    • Europe (Germany, U.K, France, and Rest of Europe)

    • Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)

    • Rest of the world

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Automotive Steer-By-Wire System Market, By Component

5.1 Introduction

5.2 Feedback Motor

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast, By Region, 2020-2027

5.3 Angular Sensors

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast, By Region, 2020-2027

5.4 Steering Actuator

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast, By Region, 2020-2027

5.5 Others

5.5.1 Market Estimates & Forecast, 2020-2027

5.5.2 Market Estimates & Forecast, By Region, 2020-2027

6 Global Automotive Steer-By-Wire System Market, By Propulsion Type

6.1 Introduction

6.2 ICE

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, By Region, 2020-2027

6.3 Electric

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, By Region, 2020-2027

7 Global Automotive Steer-By-Wire System Market, By Vehicle Type

7.1 Introduction

7.2 Passenger Car

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, By Region, 2020-2027

7.3 Light Commercial Vehicle

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, By Region, 2020-2027

7.4 Heavy Commercial Vehicle

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, By Region, 2020-2027

8 Global Automotive Steer-By-Wire System Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, By Component, 2020-2027

8.2.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.2.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.2.6 US

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast, By Component, 2020-2027

8.2.6.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.2.6.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.2.7 Canada

8.2.7.1 Market Estimates & Forecast, 2020-2027

8.2.7.2 Market Estimates & Forecast, By Component, 2020-2027

8.2.7.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.2.7.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.2.8 Mexico

8.2.8.1 Market Estimates & Forecast, 2020-2027

8.2.8.2 Market Estimates & Forecast, By Component, 2020-2027

8.2.8.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.2.8.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, By Component, 2020-2027

8.3.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.3.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.3.6 UK

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast, By Component, 2020-2027

8.3.6.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.2.6.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.3.7 Germany

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast, By Component, 2020-2027

8.3.7.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.3.7.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.3.8 France

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast, By Component, 2020-2027

8.3.8.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.3.8.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.3.9 Italy

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast, By Component, 2020-2027

8.3.9.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.3.9.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.3.10 Rest Of Europe

8.3.10.1 Market Estimates & Forecast, 2020-2027

8.3.10.2 Market Estimates & Forecast, By Component, 2020-2027

8.3.10.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.3.10.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, By Component, 2020-2027

8.4.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.4.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.4.6 China

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast, By Component, 2020-2027

8.4.6.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.4.6.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.4.7 Japan

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast, By Component, 2020-2027

8.4.7.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.4.7.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.4.8 India

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast, By Component, 2020-2027

8.4.8.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.4.8.4 Market Estimates & Forecast, By Vehicle Type 2020-2027

8.4.9 Rest Of Asia-Pacific

8.4.9.1 Market Estimates & Forecast, 2020-2027

8.4.9.2 Market Estimates & Forecast, By Component, 2020-2027

8.4.9.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.4.9.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

8.5 Rest Of The World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, By Component, 2020-2027

8.5.3 Market Estimates & Forecast, By Propulsion Type, 2020-2027

8.5.4 Market Estimates & Forecast, By Vehicle Type, 2020-2027

9 Competitive Landscape

10 Company Profile

10.1 Nissan Motor Company Ltd (Japan)

10.1.1 Company Overview

10.1.2 Products/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 ZF Friedrichshafen AG (Germany)

10.2.1 Company Overview

10.2.2 Products/Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 JTEKT Corporation (Japan)

10.3.1 Company Overview

10.3.2 Products/Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 ThyssenKrupp AG (Germany)

10.4.1 Company Overview

10.4.2 Products/Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Paravan GmbH (Germany)

10.5.1 Company Overview

10.5.2 Products/Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Nexteer Automotive (US)

10.6.1 Company Overview

10.6.2 Products/Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 Danfoss Power Solutions, Inc. (US)

10.7.1 Company Overview

10.7.2 Products/Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 SKF (Sweden)

10.8.1 Company Overview

10.8.2 Products/Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 LORD Corporation (US)

10.9.1 Company Overview

10.9.2 Products/Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 Eaton Corporation (Republic Of Ireland)

10.10.1 Company Overview

10.10.2 Products/Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

 

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Automotive Steer by Wire System (SbW) Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
How are the major players in the Automotive Steer by Wire System (SbW) Market planning to grow in the future?
A large number of Global Automotive Steer by Wire System (SbW) players are focusing on individualized and innovative technologies that will provide the necessary impetus for profit and growth in the coming years.
What is the estimated value of the Automotive Steer by Wire System (SbW) Market?
The Automotive Steer by Wire System (SbW) Market is expected to reach a reasonable valuation by 2030; now the market is expected to shift its focus from growth to value.
In the current situation, what value does the Automotive Steer by Wire System (SbW) Market have?
The value of the Automotive Steer by Wire System (SbW) Market is estimated to be USD XXX million.
What are the top priorities for the growth of the Automotive Steer by Wire System (SbW) Market?
In this highly competitive and rapidly evolving Automotive Steer by Wire System (SbW) Industry, top strategic priorities such as innovation, diversification, and M&A would remain consistent.