AutoTechInsight
Transforming power steering: Embracing the steer-by-wire revolution
Our latest report on "Transforming power steering: Embracing the by-wire revolution" offers an in-depth analysis of the steer-by-wire (SBW) system, its key markets, major growth drivers, and key challenges that the technology faces in wider fitment in vehicles. The report also analyzes key suppliers leading SBW system development and commercialization as well as key automakers that are getting ready to launch this technology in their next-generation vehicles.
Over the years, automotive steering system suppliers have focused on increasing the use of electronics while reducing dependence on mechanical parts to reduce drivers' efforts and deliver more effective steering performance. The electric power steering (EPS) system has long dominated as the preferred power steering system in vehicles with a market share of more than 92% in 2024, followed by its nearest rival, the hydraulic power steering system (HPS) at a distant 7%.
The huge preference for EPS does not mean there is no scope for the next best steering technology. Many steering system suppliers have already been working on developing the steer-by-wire (SBW) system for more than ten years. This next-generation steering technology eliminates the use of mechanical linkages and instead relies on electronic signals to deliver more accurate steering maneuvers.
Some steering system suppliers are already at the advanced stage of commercializing SBW systems. Automakers are also responding favorably, and some have already announced their plans to debut this next-generation steering system in their future models. Thus, slowly but surely, the market for the SBW system is gearing to take off.
