Table of Contents
Executive Analysis of Electric Power Steering Trends in North America : Superior Controllability of EPS Allows for Better ADAS Integration thereby Paving the Way for Self-steering Vehicles
Consumer demand for enhanced fuel economy, improved safety, and comfort has forced original equipment manufacturers (OEMs) to migrate from traditional Hydraulic Power Steering and Electro-Hydraulic Power Steering to Electric Power Steering (EPS). Over the last 2-3 years, the automotive industry in North America has earmarked EPS as one of the stepping stones for realizing semi-autonomous and fully autonomous driving in the future. This report analyses the EPS market in North America with an emphasis on OEM and tier 1 supplier partnerships. The report also looks at key trends affecting the steering market, while providing supplier analysis and capabilities.
Key Takeaway: While incremental growth is expected in unit shipment for C-EPS and P-EPS, it is still not enough to tilt the balance of the EPS market, which is dominated heavily by R-EPS.
EPS Market: Key Takeaway, North America, 2015–2020
The electric power steering (EPS) market in North America is expected to grow at a CAGR of % by 2020. Given the nature of North American roads, functions such as side-wind compensation and roadcrowning compensation are of increased importance among EPS functions.
Ford continues to lead the North American passenger car market with a best-in-class EPS strategy. RenaultNissan and Hyundai offer the highest growth potential at a CAGR of % and %, respectively.
Improved functionality in terms of add-on functions and higher rack-load capacity will see more R-EPS crossing the kN front axle load limit. SUV/pickup and MPV/vans segment offers maximum revenue potential and growth opportunities.
The highly saturated C/D segment is expected to grow at a CAGR of %, although a majority of vehicles in this segment are already EPS enabled.
As the United States and Canada chose to stay non-party to the Vienna Convention, automakers are free to launch vehicles with hands-free driving and self-driving modes, thereby opening a plethora of opportunities for a clean-sheet approach to steering systems and controls.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
This IDC study provides data for ADAS and microprocessors for 2015-2020, with analysis and commentary."The increased adoption of more sophisticated ADAS function, which will eventually result in autonomous ...
IFrame The global advanced driver assistance systems market was valued at USD 22.69 billion in 2015 and is projected to reach USD 78.19 billion by 2020, at a CAGR of over 28% during the forecast period ...
The global collision avoidance system market is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc. The updated ratings of safety agencies and incorporation ...