North American Passenger Vehicle Power Steering Systems Growth Opportunities

North American Passenger Vehicle Power Steering Systems Growth Opportunities

ADAS and Autonomous Vehicles Augment the Future Growth Potential of EPS and Advanced Steering Technologies

RELEASE DATE
29-Jun-2022
REGION
North America
Research Code: PCC1-01-00-00-00
SKU: AU02348-NA-MT_26618
$4,950.00
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SKU
AU02348-NA-MT_26618
$4,950.00

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Description

The power steering system is a critical component of the vehicle’s active safety system, owing to its safety and performance benefits. Passenger vehicles in North America have 100% adoption of power steering systems primarily due to advantages, such as improved fuel efficiency, power, added comfort, drivability, and assistance it offers for ADAS and autonomous driving. Power steering systems are broadly classified based on their operating mechanisms. These include electric power steering (EPS), hydraulic power steering (HPS), and electro-hydraulic power steering (EHPS). The scope of the study covers forecasting and analysis of the EPS ecosystem in North America as they have 98.2% penetration in the passenger vehicle steering market. It also assesses the revenue and volume forecast potential for vehicles utilizing different types of EPS systems, such as column-assist EPS, pinion-assist EPS, and rack-assist EPS, over the 2022 to 2031 period. The study also highlights industry-leading technology and market trends in the EPS ecosystem, EPS solutions, and advanced steering technologies on offer by major suppliers such as Nexteer Automotive, JTEKT Corporation, Bosch Steering, Thyssenkrupp Presta Steering. These insights provide a snapshot of the opportunities driving market growth in the short, medium, and long terms.

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

Impact of the Top 3 Strategic Imperatives on the Passenger Vehicle Power Steering Systems Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Power Steering System Segmentation

Power Steering Systems Definitions

Society of Automotive Engineers (SAE) International’s Definitions for Driving Automation Levels

Vehicle Segmentation

Key Competitors

Key Competitors (continued)

Growth Metrics

Distribution Channels

Growth Drivers

Growth Restraints

EPS System Components

EPS Functional Roadmap

United Nations Economic Commission for Europe (UNECE) Regulation No. 79 for Advanced Steering Functions in Vehicles

United Nations Economic Commission for Europe (UNECE) Regulation No. 79 for Advanced Steering Functions in Vehicles (continued)

Comparison by EPS Type

Recommended EPS Systems for Passenger Vehicle Segments

Electric Power Steering Technology Trends

SbW—Crucial Enabler of CASE Mobility

Future Steering Systems Development with Driver Out of the Loop

Technology Trends—High-Output EPS

Technology Trends—Modular Column-Assist EPS 

Technology Trends—DC-enabled EPS

Forecast Assumptions

Revenue and Unit Shipment Forecast

Revenue Forecast by Power Steering Type

Unit Shipment Forecast by Power Steering Type

Forecast Analysis

Pricing Trends and Forecast Analysis

Competitive Environment

Growth Metrics

Revenue and Unit Shipment Forecast

CEPS Penetration in Major OEM Groups

Forecast Analysis

Growth Metrics

Revenue and Unit Shipment Forecast

SPEPS Penetration in Major OEM Groups

Forecast Analysis

Growth Metrics

Revenue and Unit Shipment Forecast

DPEPS Penetration in Major OEM Groups

Forecast Analysis

Growth Metrics

Revenue and Unit Shipment Forecast

REPS Penetration in Major OEM Groups

Forecast Analysis

Nexteer Automotive

JTEKT Corporation

Thyssenkrupp Presta Steering

Bosch Steering

Hitachi Astemo

Supplier Portfolio Snapshot

Growth Opportunity 1—Advanced Steering Systems for ADAS and Autonomous Functions

Growth Opportunity 1—Advanced Steering Systems for ADAS and Autonomous Functions (continued)

Growth Opportunity 2—OEM Migration from Fail-safe to Fail-operational EPS

Growth Opportunity 2—OEM Migration from Fail-safe to Fail-operational EPS (continued)

Growth Opportunity 3—Supplier Consolidation to Gain Market Leadership

Growth Opportunity 3—Supplier Consolidation to Gain Market Leadership (continued)

EPS—Future System Architecture

Conclusions and Future Outlook

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The power steering system is a critical component of the vehicle’s active safety system, owing to its safety and performance benefits. Passenger vehicles in North America have 100% adoption of power steering systems primarily due to advantages, such as improved fuel efficiency, power, added comfort, drivability, and assistance it offers for ADAS and autonomous driving. Power steering systems are broadly classified based on their operating mechanisms. These include electric power steering (EPS), hydraulic power steering (HPS), and electro-hydraulic power steering (EHPS). The scope of the study covers forecasting and analysis of the EPS ecosystem in North America as they have 98.2% penetration in the passenger vehicle steering market. It also assesses the revenue and volume forecast potential for vehicles utilizing different types of EPS systems, such as column-assist EPS, pinion-assist EPS, and rack-assist EPS, over the 2022 to 2031 period. The study also highlights industry-leading technology and market trends in the EPS ecosystem, EPS solutions, and advanced steering technologies on offer by major suppliers such as Nexteer Automotive, JTEKT Corporation, Bosch Steering, Thyssenkrupp Presta Steering. These insights provide a snapshot of the opportunities driving market growth in the short, medium, and long terms.
More Information
Author Deexeta Mohan Kumar
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PCC1-01-00-00-00