The “Automotive Electronic Power Steering Market – By Type, By Application, and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2019 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The market was valued at USD 27.34 Billion in 2019 and is expected to reach over USD 48.60 Billion by 2026, growing at a CAGR of around 8.8% during the forecast period from 2020 to 2026
The demand for Automotive Electronic Power Steering Market is increasing significantly due to hybrid electric and electric vehicles with current and innovative technologies such as drive-by-wire are projected to raise the demand/popularity of electronic power steering systems in the years to come. Similarly, commercialization of concept car such as Driver-less Car etc. will further boost the demand.
Global Automotive Electronic Power Steering Market: Overview
The automotive business has gone through several phases of upgradations in power, design, and effectiveness in the last few