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Global Automotive Steer-by-wire Systems Market, 2018 To 2026 – ResearchAndMarkets.com

The “Global
Automotive Steer-by-wire Systems Market Size, Market Share, Application
Analysis, Regional Outlook, Growth Trends, Key Players, Competitive
Strategies and Forecasts, 2018 To 2026” report has been added
to ResearchAndMarkets.com’s offering.

The global automotive steer-by-wire systems market is expected to grow
at a CAGR of 23.4% over 2018 -2026.

One of the most prominent factors contributing to automotive
steer-by-wire systems market growth is increasing demand for automation
in automobiles along with rising prospects of driverless cars. Moreover,
increasing focus on the part of manufacturers to design and develop fuel
efficient cars is another important factor complimenting market growth.

Several original equipment manufacturers (OEMs) have introduced
automotive steer-by-wire systems in vehicles in order to improve
operational efficiency and fuel economy. These systems are popular
mainly in plug-in electric vehicles. Thus, rising demand for plug-in
electric vehicles is another important factor contributing to automotive
steer-by-wire systems market growth.

However, major factor limiting the automotive steer-by-wire systems
market growth is reluctance of people towards adopting new technology.
SBW technology is still in its nascent stage and may experience
considerable delay in gaining consumers’ confidence. In addition, high
cost is offsetting the demand for these systems, thereby limiting its
usage. Vulnerability to hacking is another prominent factor impacting
the market growth negatively.

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics

Chapter 4 Global Steer-by-wire Systems Market Analysis, by Component

Chapter 5 Global Steer-by-wire Systems Market Analysis, by Vehicle Type

Chapter 6 North America Steer-by-wire Systems Market Analysis

Chapter 7 Europe Steer-by-wire Systems Market Analysis

Chapter 8 Asia Pacific Steer-by-wire Systems Market Analysis

Chapter 9 Rest of the World (RoW) Steer-by-wire Systems Market Analysis

Chapter 10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/j2smxj/global_automotive?w=4

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