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Passenger Car Intelligent Steering Market Trends

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

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Passenger Car Intelligent Steering Market Trends

AI and machine learning integration in passenger car intelligent steering systems are poised to favour the market growth. These technologies enhance the adaptive capabilities of steering systems by learning from driver behavior, road conditions, and various inputs. Improved predictive algorithms enable more precise and context-aware steering assistance, contributing to enhanced safety and driving experiences.

The continuous evolution of AI and machine learning in intelligent steering ensures dynamic responsiveness, positioning it as a key driver for the expanding adoption of advanced steering technologies in the automotive industry.

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.