DUBLIN, June 20, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Automotive Steer-by-wire Market 2016-2020" report to their offering.

The global automotive steer-by-wire (SBW) system market to grow at a CAGR of 28.49% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global automotive steer-by-wire (SBW) system market for 2016-2020. To calculate the size of the market, we have considered the production data for automobiles (passenger cars: luxury, mid-level, and entry-level segments, and light commercial vehicles (LCVs) and the annual production numbers of luxury cars (for a few select OEMs based on our research study). The report also includes a discussion of the key vendors operating in this market.

A key market trend is the use of highly redundant systems in SBW technology. Current SBW systems consist of multiple (three) electronic control modules (redundancy) for safety reasons. The reason for the same is simple: in case one of the modules fail, there is always another to act as a backup.

According to the report, a key driver of SBW technology is Increased fuel efficiency (due to reduced weight of vehicle post SBW implementation).

Further, the report states that one challenge that could impact market growth is the safety and security of an SBW system. Safety and security is one of the prime concerns of users and prospective users of any electronic assist system of their vehicle, because the systems are designed to take control of the vehicle's steering system (in the more advanced steering assist versions).

Key vendors

- Nissan

- Bosch Automotive Steering

- JTEKT

- ThyssenKrupp

- Paravan

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by technology

Part 07: Market segmentation by geography

Part 08: Market drivers

Part 09: Market challenges

Part 10: Market trends

Part 11: Convergence of ideas

Part 12: Vendor landscape

Part 13: Key vendor analysis

Part 14: Appendix

For more information visit http://www.researchandmarkets.com/research/hrtmzw/global_automotive

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SOURCE Research and Markets