Core Viewpoint - The electric power steering (EPS) system is increasingly replacing traditional hydraulic systems in vehicles due to its efficiency, integration capabilities with electronic control units, and support for advanced driving assistance systems (ADAS) [1][13][14]. Market Overview - The global EPS market is projected to reach $21.66 billion by 2031, with a compound annual growth rate (CAGR) of 1.8% in the coming years [2]. - The top five manufacturers are expected to hold approximately 78.0% of the market share by 2024 [5]. Product Segmentation - The column-type EPS currently dominates the market, accounting for about 38.7% of the total share [8]. - Passenger vehicles represent the largest application segment, making up approximately 88.2% of the demand [10]. Driving Factors - Growing demand for energy-saving and emission-reducing technologies is pushing the adoption of EPS systems, which consume power only when needed [13]. - The rapid development of electric and hybrid vehicles is leading to EPS becoming the standard steering solution [13]. - EPS systems facilitate easy integration with ADAS, enhancing the functionality of smart vehicles [14]. - Stricter emission regulations are encouraging manufacturers to adopt EPS to reduce engine load and emissions [15]. - EPS enhances driving comfort and safety by adjusting assistance levels based on speed and driving conditions [16]. Challenges - High research and integration costs are significant barriers to transitioning from hydraulic to EPS systems, especially for older vehicle platforms [17]. - Reliability issues may arise in extreme environments, affecting the stability of electronic components in EPS systems [17]. - Some EPS designs may provide weaker feedback compared to hydraulic systems, potentially impacting the driving experience of high-performance vehicles [18]. - The complexity of EPS systems can lead to higher costs and difficulties in maintenance and diagnostics [19]. - Increased integration with ADAS and connected vehicle systems raises cybersecurity risks [20]. Industry Opportunities - Emerging markets present significant growth potential as automotive manufacturing capabilities and safety standards improve [21]. - The demand for electric and autonomous vehicles is driving the need for EPS, which is crucial for precise steering control [21]. - Integration with artificial intelligence and predictive systems could lead to personalized and adaptive steering solutions [21]. - The aftermarket for retrofitting older vehicles with EPS systems is becoming a new opportunity for manufacturers [21]. - The trend towards lightweight vehicles aligns with the smaller and lighter EPS systems, enhancing overall vehicle performance and efficiency [21].
行业聚焦:全球汽车电动助力转向市场头部企业份额调研(附Top10 厂商名单)
QYResearch·2025-09-16 03:55