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.
Global key players of Vehicle Steer-by-wire System include KYB Corporation, Nexteer Automotive, ZF, JTEKT Corporation, Bosch and Schaeffler Paravan, etc. Japan is the largest market, with a share about 36%, followed by North America and Europe. In terms of product, Electronic Control Unit is the largest segment, with a share over 34%. In terms of application, L3 Vehicle Steer-by-wire System is the largest market, with a share over 95%.

Market Analysis and Insights: Global Vehicle Steer-by-wire System Market
In 2021, the global Vehicle Steer-by-wire System market size will be US$ million and it is expected to reach US$ million by the end of 2027, with a CAGR of % during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Vehicle Steer-by-wire System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Vehicle Steer-by-wire System market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Vehicle Steer-by-wire System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Vehicle Steer-by-wire System market.

Global Vehicle Steer-by-wire System Scope and Market Size
Vehicle Steer-by-wire System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Vehicle 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
Steering Wheel System
Steering Actuator System
Electronic Control Unit
Fail-safe System

Segment by Application
L3
L4-L5

By Region
North America
United States
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
KYB Corporation
Nexteer Automotive
ZF
JTEKT Corporation
Bosch
Schaeffler Paravan
Danfoss
Mando
NSK
ThyssenKrupp