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Adaptive Steering Market Share

Report ID: GMI11719
Published Date: Oct 2024
Report Format: PDF

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Adaptive Steering Market Share

Adaptive Steering Market Company Share, 2023

Bosch, ZF Friedrichshafen, and ThyssenKrupp collectively held a substantial market share of over 10% in the adaptive steering industry in 2023. Bosch focuses heavily on research and development to innovate adaptive steering technologies. By continually enhancing their systems with advanced features such as integration with ADAS and improving responsiveness, they aim to lead the market.

ZF Friedrichshafen diversifies its product range by integrating adaptive steering systems with other vehicle control technologies. This approach positions them as a comprehensive solutions provider in the automotive sector. Additionally, ThyssenKrupp is investing in smart and connected vehicle technologies, enhancing the functionality of their adaptive steering systems. This positions them favorably as the automotive industry shifts towards more intelligent systems.

Adaptive Steering Market Companies

Major players operating in the adaptive steering industry are:

Aisin Seiki
Bosch
Delphi
Hitachi
Infineon
JTEKT
Mando
Nexteer
ThyssenKrupp
ZF Friedrichshafen

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of adaptive steering reached USD 15.3 billion in 2023 and is set to grow at a CAGR of 7.5% between 2024 and 2032, led by increasing emphasis on vehicle safety.

The electric power steering (EPS) segment held around 70% of the market share in 2023. As the automotive industry shifts toward electrification, manufacturers are integrating EPS systems to improve energy efficiency and vehicle performance.

The U.S. market accounted for over 80% of the market share in 2023 and is expected to exceed USD 5.5 billion by 2032.

Major players in the industry include Aisin Seiki, Bosch, Delphi, Hitachi, Infineon, JTEKT, Mando, Nexteer, ThyssenKrupp, and ZF Friedrichshafen.