Market Report · July 31, 2026
Report Feature
Automotive Steer-by-Wire System Trends and Forecast
The future of the global automotive steer-by-wire system market looks promising with opportunities in the passenger cars, light commercial vehicles, and high commercial vehicles markets. The global automotive steer-by-wire system market is expected to reach an estimated $0.3 billion by 2030 with a CAGR of 9.7% from 2024 to 2030. The major drivers for this market are growing adoption of electric and autonomous vehicles and rising demand for advanced driver-assistance systems.
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Automotive Steer-by-Wire System by Segment
The study includes a forecast for the global automotive steer-by-wire system by vehicle type, component type, drive type, and region.Automotive Steer-by-Wire System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Light Commercial Vehicles
• High Commercial Vehicles
Automotive Steer-by-Wire System Market by Component Type [Shipment Analysis by Value from 2018 to 2030]:
• Steering Actuator
• Feedback Motor
• Angular Sensors
Automotive Steer-by-Wire System Market by Drive Type [Shipment Analysis by Value from 2018 to 2030]:
• ICE
• Electric
Automotive Steer-by-Wire System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Steer-by-Wire System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive steer-by-wire system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive steer-by-wire system companies profiled in this report include-• ZF Friedrichshafen
• Continental
• JTEKT
• Nexteer Automotive
• Hitachi Astemo
• Schaeffler
• Danfoss
Automotive Steer-by-Wire System Market Insights
Lucintel forecasts that steering actuator will remain the largest segment over the forecast period. Within this market, passenger cars will remain the largest segment over the forecast period. Europe will remain the largest region over the forecast period.Features of the Global Automotive Steer-by-Wire System Market
Market Size Estimates: Automotive steer-by-wire system market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions. Segmentation Analysis: Automotive steer-by-wire system market size by vehicle type, component type, drive type, and region in terms of value ($B). Regional Analysis: Automotive steer-by-wire system market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different vehicle types, component types, drive types, and regions for the automotive steer-by-wire system market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive steer-by-wire system market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.FAQ
Q1. What is the automotive steer-by-wire system market size? Answer: The global automotive steer-by-wire system market is expected to reach an estimated $0.3 billion by 2030. Q2. What is the growth forecast for automotive steer-by-wire system market? Answer: The global automotive steer-by-wire system market is expected to grow with a CAGR of 9.7% from 2024 to 2030. Q3. What are the major drivers influencing the growth of the automotive steer-by-wire system market? Answer: The major drivers for this market are growing adoption of electric and autonomous vehicles and rising demand for advanced driver-assistance systems. Q4. What are the major segments for automotive steer-by-wire system market? Answer: The future of the automotive steer-by-wire system market looks promising with opportunities in the passenger cars, light commercial vehicles, and high commercial vehicles markets. Q5. Who are the key automotive steer-by-wire system market companies? Answer: Some of the key automotive steer-by-wire system companies are as follows:• ZF Friedrichshafen
• Continental
• JTEKT
• Nexteer Automotive
• Hitachi Astemo
• Schaeffler
• Danfoss Q6. Which automotive steer-by-wire system market segment will be the largest in future? Answer: Lucintel forecasts that steering actuator will remain the largest segment over the forecast period. Q7. In automotive steer-by-wire system market, which region is expected to be the largest in next 5 years? Answer: Europe will remain the largest region over the forecast period. Q8. Do we receive customization in this report? Answer: Yes, Lucintel provides 10% customization without any additional cost.
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Automotive Steer-by-Wire System Market
6.1.1 Growth Opportunities for the Global Automotive Steer-by-Wire System Market by Vehicle Type
6.1.2 Growth Opportunities for the Global Automotive Steer-by-Wire System Market by Component Type
6.1.3 Growth Opportunities for the Global Automotive Steer-by-Wire System Market by Drive Type
6.1.4 Growth Opportunities for the Global Automotive Steer-by-Wire System Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the automotive steer-by-wire system market by vehicle type (passenger cars, light commercial vehicles, and high commercial vehicles), component type (steering actuator, feedback motor, and angular sensors), drive type (ICE and electric), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to Automotive Steer-by-Wire System Market, Automotive Steer-by-Wire System Market Size, Automotive Steer-by-Wire System Market Growth, Automotive Steer-by-Wire System Market Analysis, Automotive Steer-by-Wire System Market Report, Automotive Steer-by-Wire System Market Share, Automotive Steer-by-Wire System Market Trends, Automotive Steer-by-Wire System Market Forecast, Automotive Steer-by-Wire System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
