Technology News & Trends

  Automotive Electric Power Steering Market: Introduction According to the report, the global  automotive electric power steering market  is projected to reach  US$ 30.2 Bn  by  2031 , expanding at a CAGR of  ~3%  during the forecast period. Rise in demand for advanced safety features in vehicles, including lane assistance and blind spot detection, is projected to fuel the demand for electronic components in vehicles. This, in turn, is likely to propel the automotive electric power steering market across the globe. The growing consumer trend toward advanced drive assist systems in vehicles is prompting vehicle manufacturers to integrate the electric power steering in their vehicles. Major vehicle manufacturers are reducing their vehicles’ weight to enhance fuel-efficiency, which is likely to propel the demand for electric power steering systems in vehicles. Expansion of Automotive Electric Power Steering Market Rising acquisitions and agreements a...

  Automotive Electric Power Steering Market: Introduction According to the report, the global  automotive electric power steering market  is projected to reach  US$ 30.2 Bn  by  2031 , expanding at a CAGR of  ~3%  during the forecast period. Rise in demand for advanced safety features in vehicles, including lane assistance and blind spot detection, is projected to fuel the demand for electronic components in vehicles. This, in turn, is likely to propel the automotive electric power steering market across the globe. The growing consumer trend toward advanced drive assist systems in vehicles is prompting vehicle manufacturers to integrate the electric power steering in their vehicles. Major vehicle manufacturers are reducing their vehicles’ weight to enhance fuel-efficiency, which is likely to propel the demand for electric power steering systems in vehicles. Expansion of Automotive Electric Power Steering Market Rising acquisitions and agreements a...

  Automotive Electric Power Steering Market: Introduction According to the report, the global  automotive electric power steering market  is projected to reach  US$ 30.2 Bn  by  2031 , expanding at a CAGR of  ~3%  during the forecast period. Rise in demand for advanced safety features in vehicles, including lane assistance and blind spot detection, is projected to fuel the demand for electronic components in vehicles. This, in turn, is likely to propel the automotive electric power steering market across the globe. The growing consumer trend toward advanced drive assist systems in vehicles is prompting vehicle manufacturers to integrate the electric power steering in their vehicles. Major vehicle manufacturers are reducing their vehicles’ weight to enhance fuel-efficiency, which is likely to propel the demand for electric power steering systems in vehicles. Expansion of Automotive Electric Power Steering Market Rising acquisitions and agreements a...

Transparency Market Research has published a new report on the global  automotive electric power steering market  for the forecast period of 2019–2027. According to the report, the global automotive electric power steering market is projected to reach ~ US$ 33.8 Bn  by  2027 , expanding at a CAGR of ~ 5%  during the forecast period. Global Automotive Electric Power Steering Market: Key Findings According to the report, the global automotive electric power steering market is likely to be driven by the demand for efficient power steering systems. EPS with ADAS is a prominent segment of the automotive electric power steering market. Rise in the adoption of electric vehicles is expected to be a major driver of the automotive electric power steering market. Key manufacturers such as JTEKT Corporation and DENSO CORPORATION are likely to play a major role in propelling the global automotive electric power steering market with continuous development of technology. ...