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Bosch, ZF, Continental, JTEKT, Schaeffler, Brembo, and Denso collectively held a significant market share of 64% in the market in 2023. Bosch maintains its competitive edge in the automotive electro-hydraulic system industry by continuously innovating electro-hydraulic power steering and braking systems. In June 2023, Bosch partnered with Arnold NextG to scale the production of steer-by-wire systems. This partnership reinforces Bosch's commitment to delivering advanced steering and braking technologies, positioning the company as a leader in precision control systems for electric and autonomous vehicles. Additionally, Bosch invests heavily in R&D to enhance system performance and maintain its market leadership.
Continental strengthens its position in the automotive electro-hydraulic system market by offering cutting-edge braking and steering solutions for electric and autonomous vehicles. The company emphasizes the development of highly efficient electro-hydraulic systems designed to meet stringent safety and performance standards. Continental's strength lies in its broad portfolio of electronic control units (ECUs) and integration of electro-hydraulics with Advanced Driver Assistance Systems (ADAS), positioning the company as a key supplier for automakers seeking innovative vehicle control systems for next-generation vehicles.
Major players operating in the automotive electro-hydraulic system industry are:
Major players in the industry include Bosch, Continental, Denso, FTE Automotive, JTEKT, Nexteer Automotive, NSK, Schaeffler, WABCO, and ZF.
China accounted for over 35% of the market share in the Asia Pacific region in 2023, driven by its leadership in electric vehicle production and adoption.
The passenger car segment held 62% of the market share in 2023, driven by the rising consumer demand for advanced driving technologies that improve safety and comfort.
The global market size for automotive electro-hydraulic system was valued at USD 9.5 billion in 2023 and is projected to reach USD 18.6 billion by 2032, driven by a CAGR of 7.9% from 2024 to 2032.