Transition toward Electronic Power Steering and Steer-by-Wire architectures accelerates
Automotive Steering System Market 2025 to 2032: Electrification, Autonomous Driving and the Reshaping of Global Supply →Electronic Power Steering (EPS) and electronic steering architectures now account for over 40.0% of total market share, driven by integration with EV powertrains and software tuning. Major Tier-1 suppliers including JTEKT, Nexteer, Bosch, ThyssenKrupp, Hyundai Mobis, and NSK are accelerating deployment of Steer-by-Wire (SbW) systems. Passenger vehicles continue to dominate sector volume, accounting for 65.0% of total market demand.
Severity: how big the impact would be if this plays out.
Likelihood: how probable the engine judges it is to happen or persist.
Spend exposed: the share of your annual category spend this flags.
Engage Tier-1 suppliers on SbW and EPS component roadmap alignment
Aligning sourcing strategies with the ongoing transition to electronic and Steer-by-Wire architectures ensures supply availability as EV and ADAS penetration grows.
Source · openpr.com
Source · openpr.com
Source · einpresswire.com