ELECTRIC POWER STEERING (EPS) SYSTEM MARKET ANALYSIS

Electric Power Steering (EPS) System Market, By Type (Column Assist Type (CEPS), Pinion Assist Type (PEPS), and Rack Assist Type (REPS)), By Component (Steering Rack/Column, Sensor, Steering Motor, and Others), By Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, and Buses & Coaches) By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024
Code : CMI4991
Pages :205
Formats :
Excel and PDF
Industry : Consumer Electronics

Market Concentration and Competitive Landscape

Electric Power Steering (EPS) System Market Concentration By Players

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Increasing demand for advanced driver assistance systems

With rapid developments in automotive electronics and sensor technologies, advanced driver assistance systems that enhance safety and convenience are becoming widely adopted features across many new vehicles. Safety features like adaptive cruise control, lane keep assist, blind spot monitoring and auto emergency braking have now become expected standards. Meanwhile, next generation capabilities such as traffic jam assist, highway autopilot and automated parking are entering mainstream vehicles as well. All these driver assistance and semi-autonomous functions rely on precise control and integration of electric power steering systems with other vehicle control units and sensors. The growing consumer demand and regulatory push for advanced driver assistance pushing automakers to offer more Advanced driver assistance systems (ADAS) solutions as standard is directly fueling the electric power steering market.

Key Players Insights