Automotive Steer-by-Wire System Market Size, Competitive Landscape, Regional Outlook and COVID-19 Impact Analysis 2022
Market Analysis Market Research Future (MRFR) projects the global Automotive Steer-by-Wire System Market to develop at a CAGR of 14% (forecast period). The automotive steer-by-wire system gives the driver entire steering control in the vehicle. The technology improves vehicle performance by removing mechanical links near the steering system. The electric motor, which receives input from the driver via electronic control units, regulates the wheel direction in an automotive steer-by-wire system. The growing demand for greater steering capabilities in vehicles is driving the global automotive steer-by-wire system market. The growing demand for improved fuel efficiency as a result of rising fuel prices, as well as massive demand for vehicle comfortability, are expected to drive the global market for automotive steer-by-wire systems in terms of value and volume. Mechanical components and linkages add additional weight to the vehicle, slowing its fuel efficiency even furt...