Global Automotive Electric Power Steering Ecu Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Passenger Car, and Commercial Vehicle.

By Product Type;

By Rack assist type (REPS), Colum assist type (CEPS), and Pinion assist type (PEPS).

By Demand Category;

OEM, and Replacement.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn960055733 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Electric Power Steering Ecu Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Electric Power Steering Ecu Market was valued at USD 25,263.68 million. The size of this market is expected to increase to USD 37,737.09 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.

The global automotive electric power steering (EPS) Electronic Control Unit (ECU) market stands at the forefront of automotive innovation, heralding a transformative shift in vehicle steering systems. As the automotive industry embraces electrification and advances in digitalization, the demand for efficient, reliable, and responsive steering solutions has surged. The EPS ECU, a vital component within electric power steering systems, exemplifies this evolution by offering enhanced control, precision, and adaptability compared to traditional hydraulic systems. This market's trajectory underscores a pivotal moment in automotive engineering, where cutting-edge technology converges with consumer demands for safer, more efficient, and connected driving experiences.

The global automotive EPS ECU market include the relentless pursuit of fuel efficiency, stringent regulatory mandates, and the rising consumer preference for advanced driver assistance systems (ADAS). With stricter emission regulations shaping the automotive landscape, manufacturers are increasingly turning to EPS ECUs to optimize energy consumption and reduce carbon footprints. Furthermore, the integration of EPS ECUs with ADAS technologies such as lane-keeping assist and autonomous driving features bolsters vehicle safety and convenience, propelling their adoption across various vehicle segments. This confluence of factors underscores the market's potential for sustained expansion and innovation in the coming years.

The global automotive EPS ECU market is not without its challenges. Intensive competition, coupled with the rapid pace of technological obsolescence, presents hurdles for both established players and emerging entrants. Additionally, concerns regarding cybersecurity and data privacy loom large as vehicles become more connected and reliant on electronic control systems. Nevertheless, with continued investments in research and development, strategic partnerships, and a focus on addressing evolving consumer needs, the market is poised to witness remarkable growth and cement its position as a cornerstone of the automotive industry's electrified future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Demand Category
    4. Market Snapshot, By Region
  4. Global Automotive Electric Power Steering Ecu Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for fuel-efficient vehicles
        2. Growing adoption of electric and hybrid vehicles
        3. Rising consumer preference for advanced driver assistance systems (ADAS)
      2. Restraints
        1. High initial investment and integration costs
        2. Concerns regarding cybersecurity and data privacy
        3. Limited availability of skilled technicians for maintenance and repair
      3. Opportunities
        1. Expansion of electric mobility and autonomous driving technologies
        2. Integration of EPS technology with vehicle-to-everything (V2X) communication systems
        3. Development of lightweight and compact EPS ECU solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Electric Power Steering Ecu Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger Car
      2. Commercial Vehicle
    2. Global Automotive Electric Power Steering Ecu Market, By Product Type, 2020 - 2030 (USD Million)
      1. By Rack assist type (REPS)
      2. Colum assist type (CEPS)
      3. Pinion assist type (PEPS)
    3. Global Automotive Electric Power Steering Ecu Market, By Demand Category, 2020 - 2030 (USD Million)
      1. OEM
      2. Replacement
    4. Global Automotive Electric Power Steering Ecu Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. JTEKT
      2. Nexteer Automotive
      3. ZF / TRW
      4. Bosch Corporation
      5. NSK
      6. Showa
      7. Thyssenkrupp
      8. Delphi Automotive
      9. Mobis
      10. Mando Corp.
  7. Analyst Views
  8. Future Outlook of the Market