Wednesday, July 31, 2024

Germany Automotive Steer-by-Wire System Market Size, Share & Trends Analysis Report Products, By Application, By End Use, And Segment Forecasts 2024 - 2032

 Germany Automotive Steer-by-Wire System Market Analysis

The global Germany Automotive Steer-by-Wire System Market to develop at a CAGR of 5% from 2023 to 2032(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 Germany 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 further. The automotive steer-by-wire system reduces weight by eliminating mechanical components, improving the vehicle's fuel efficiency. It opens up new chances for global market participants.

Nissan subsidiary Infiniti introduced the Q50 with steer-by-wire system technology in 2014, which eliminates mechanical components/linkages between the steering wheel and the vehicle's wheels. Initially, the automotive steer-by-wire system had certain software and turning radius issues, prompting the manufacturer to recall and halt manufacturing. Sales of the Q50 vehicle began after an improvement in steering responsiveness and a modification in the turning radius, and there is a tremendous demand for the technology in the global market.

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BMW, Mercedes, and Nissan began spending heavily on the research and implementation of steer-by-wire system technology in their automobiles. However, a high level of technology is anticipated to limit the worldwide automobile steer-by-wire system market's growth. Proper technological development is the primary worry for manufacturers in the early stages of steer-by-wire technology, as a minor error may result in the recall of automobiles in the global market.

What is the difference between steer-by-wire and standard steering?

The primary difference between steer-by-wire (SBW) and standard steering, often referred to as traditional or mechanical steering, lies in the method by which the steering inputs from the driver are transmitted to the vehicle's wheels. Here are the key distinctions:

  1. Mechanism:
    • Standard Steering: In traditional steering systems, a mechanical linkage, such as a steering column, connects the steering wheel directly to the wheels. When the driver turns the steering wheel, the mechanical linkage transfers this motion to the wheels, causing them to turn in the desired direction.
    • Steer-by-Wire: Steer-by-wire systems, on the other hand, replace the mechanical linkage with electronic sensors and actuators. Instead of a physical connection, electronic signals from the steering wheel's input device are transmitted to a control unit, which then electronically controls the steering mechanism.
  2. Physical Connection:
    • Standard Steering: Mechanical steering systems have a direct, physical connection between the steering wheel and the wheels. The driver can feel the road and the vehicle's response through the steering wheel.
    • Steer-by-Wire: Steer-by-wire systems lack a direct physical link between the steering wheel and the wheels. The absence of a mechanical connection allows for more flexibility in design and opens up possibilities for additional features, but it can potentially reduce the direct mechanical feedback to the driver.
  3. Redundancy and Safety:
    • Standard Steering: Mechanical steering systems inherently provide a level of redundancy. Even if power assistance fails, a driver can still steer the vehicle, albeit with increased effort.
    • Steer-by-Wire: SBW systems may incorporate redundant electronic systems to enhance safety. However, in the event of a complete electronic failure, steering in steer-by-wire systems can pose challenges, and manufacturers implement fail-safe mechanisms to address this concern.
  4. Adaptability and Features:
    • Standard Steering: Traditional steering systems have been refined over decades and are well-understood. They provide a familiar and direct connection between the driver and the vehicle.
    • Steer-by-Wire: SBW systems offer greater flexibility in design and may enable features like variable steering ratios, customizable steering feel, and even semi-autonomous driving capabilities. These systems can be integrated more seamlessly into advanced driver-assistance systems.
  5. Weight and Space Savings:
    • Standard Steering: Mechanical steering systems have a certain weight and space requirement due to the physical linkage.
    • Steer-by-Wire: SBW systems have the potential to reduce weight and free up space in the vehicle, as there is no need for a mechanical linkage.

Regional Analysis

Geographically, the global automotive steer-by-wire system industry has been segmented into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World.

Europe is projected to hold the highest revenue market share throughout the forecast period owing to the presence of key automotive consuming countries like Germany, the UK, Italy, Spain, and Russia. Top automobile manufacturers in Europe are increasing their awareness of new technologies and their availability at a reduced cost, which is predicted to stimulate demand for new vehicle technologies and components such as automotive steer-by-wire systems. Increased demand for luxury vehicles in the Asia Pacific due to rising average disposable income and consumer purchasing power is expected to boost sales of automotive steer-by-wire systems.

Key Players

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

COVID-19 Impact on the Global Germany Automotive Steer-by-Wire System Market

The implementation of a variety of regulations by governments worldwide to deal with the COVID-19 disease, such as a total shutdown of manufacturing units, is anticipated to have an effect on the growth of the global automotive steer-by-wire system industry.

Market Segmentation

·        The global Germany Automotive Steer-by-Wire System Market has been segmented on the basis of component, propulsion type, and vehicle type.

·        Based on components, the global Germany Automotive Steer-by-Wire System Market has been segmented into feedback motors, angular sensors, steering actuators, and others.

·        Based on propulsion type, the global Germany Automotive Steer-by-Wire System Market has been segmented into ICE and electric.

·        Based on vehicle type, the global Germany Automotive Steer-by-Wire System Market has been segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.

Summary

The global Germany Automotive Steer-by-Wire System Market is anticipated to develop at a CAGR of 14% from 2018 to 2023 (forecast period). The growing better fuel efficiency, as well as the steady increase in fuel prices, is propelling the growth of the Germany Automotive Steer-by-Wire System Market.

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