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3. Automotive Steering System Industry - Forthcoming Trends to Fuel the Global Growth

Emerging trends in the global Automotive Steering System Industry are:

• Electric Power Steering (EPS) Adoption
• Integration of Advanced Driver Assistance Systems (ADAS)
• Steer-by-Wire Technology Development
• Enhanced Vehicle Dynamics and Handling
• Focus on Lightweight Materials
• Integration of Artificial Intelligence (AI) and Machine Learning
• Growing Demand for Electric and Autonomous Vehicles
• Global Expansion of Automotive Market
• Shift Towards Steer-by-Wire Systems in Autonomous Vehicles
• Development of Haptic Feedback Steering Systems

To know about the assumptions considered for the study download the pdf brochure

Certainly, here are some emerging trends in the global Automotive Steering System Industry:

• Electric Power Steering (EPS) Adoption: Increasing adoption of Electric Power Steering (EPS) systems due to their efficiency, lighter weight, and compatibility with advanced driver assistance systems (ADAS).
   
• Integration of Advanced Driver Assistance Systems (ADAS): Integration of ADAS features such as lane-keeping assist, adaptive cruise control, and automated parking into steering systems to enhance vehicle safety and autonomous driving capabilities.
   
• Steer-by-Wire Technology Development: Advancements in steer-by-wire technology, eliminating the mechanical connection between the steering wheel and the wheels, offering flexibility in vehicle design and enabling innovative steering features.
   
• Enhanced Vehicle Dynamics and Handling: Development of steering systems to improve vehicle dynamics, handling, and stability control, enhancing driving experience and safety across various road conditions.
   
• Focus on Lightweight Materials: Utilization of lightweight materials such as aluminum and composites in steering system components to reduce vehicle weight, improve fuel efficiency, and enhance overall performance.
   
• Integration of Artificial Intelligence (AI) and Machine Learning: Integration of AI and machine learning algorithms into steering systems for predictive and adaptive control, enabling personalized driving experiences and optimizing vehicle performance.
   
• Growing Demand for Electric and Autonomous Vehicles: Increasing demand for electric vehicles (EVs) and autonomous vehicles (AVs) driving innovations in steering systems to meet the specific requirements of these emerging vehicle types.
   
• Global Expansion of Automotive Market: Expansion of the automotive market in emerging economies, driving the demand for advanced steering systems with improved safety features and comfort.
   
• Shift Towards Steer-by-Wire Systems in Autonomous Vehicles: Steer-by-wire systems gaining prominence in autonomous vehicles due to their compatibility with autonomous driving technologies and ability to facilitate seamless vehicle control.
   
• Development of Haptic Feedback Steering Systems: Introduction of haptic feedback steering systems providing tactile feedback to drivers, enhancing driver engagement, safety, and comfort, especially in semi-autonomous and autonomous vehicles.

Related Report

Automotive Steering System Market by Technology (HPS, EHPS, EPS), EPS Type (R-EPS, C-EPS, P-EPS), Pinion (Single, Dual), Mechanism (Collapsible, Rigid), Components (OE, Aftermarket), Vehicle (PC, LCV, HCV, EV, OHV) and Region - Global Forecast to 2027