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Passenger Car Intelligent Steering Market Share

Report ID: GMI7886
Published Date: Jan 2024
Report Format: PDF

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Passenger Car Intelligent Steering Market Share

NSK Ltd. holds the around 10% of the total market share as it provides cutting-edge solutions. Leveraging advanced technologies, NSK contributes to the development of innovative and reliable intelligent steering systems. These major companies in the passenger car intelligent steering industry employ various strategies to fortify their positions. These include technological innovation, partnerships with tech leaders, compliance with safety regulations, customer-centric product development, and global market expansion, fostering a competitive edge in this dynamic automotive sector.

Passenger Car Intelligent Steering Market Companies

Major players operating in the global passenger car intelligent steering industry are:

Denso Corporation
JTEKT Corporation
Nexteer Automotive
NSK Ltd.
Robert Bosch GmbH
thyssenkrupp AG
ZF Friedrichshafen AG

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of passenger car intelligent steering was worth USD 18.8 billion in 2023 and is anticipated to register over 18% CAGR between 2024 and 2032, attributed to an increased emphasis on vehicle safety and regulations.

The OEM segment held around 92% market share in 2023 and is poised for significant growth through 2032, owing to the established presence, direct integration capabilities, and seamless coordination with vehicle producers.

North America passenger car intelligent steering market size surpassed USD 6.5 billion in 2023 and is poised for significant growth, as stringent safety regulations and a robust automotive sector pushes manufacturers to adopt advanced steering technologies.

Denso Corporation, JTEKT Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH, thyssenkrupp AG, and ZF Friedrichshafen AG.