What is the size of the Active Steering System Market?

The Global Active Steering System Market was projected to be us $13.7 billion in 2022, and by 2030 it is anticipated to be worth $27.9 billion. The market is estimated to expand at a CAGR of 9.3% between 2023 and 2030.

What is an active steering system?

Using sensors, control systems, and actuators, an active steering system may instantly change the steering angle and torque of a vehicle's wheels. Especially while turning and driving at high speeds, it gives the driver more stability and control.

What benefits might employ an active steering system offer?

Better handling and stability, increased safety, less driver fatigue, increased fuel efficiency, and lower emissions are just a few advantages of active steering systems

What factors are driving the growth of the Active Steering System Market?

The growth of the Active Steering System Market is driven by factors such as increasing demand for advanced safety features in vehicles, growing production and sales of electric and hybrid automobiles.

Who are the leading companies in the market for active steering systems?

Robert Bosch GmbH, ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive Group Ltd., NSK Ltd., Thyssenkrupp AG, Knorr-Bremse AG, Mando Corporation, WABCO Holdings Inc., and Hyundai Mobis Co. Ltd. are some of the leading companies in the market for active steering systems.