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JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Hyundai Mobis, and Nexteer Automotive - Prominent Market Participants in Automotive Steering System Market

The constant technological advancements in the automotive sector, along with the development of innovative solutions to complement the overall traveling experience, have significantly improved the quality of automobiles compared to the ones developed two decades earlier. The automotive OEMs (Original Equipment Manufacturer) have introduced several advanced features that enhance the visual aesthetics and efficiencies of vehicles, among other performance indicators. Among these, the automotive steering systems are specially designed to eliminate the requirement for a pump, a drive belt, and a hose connected to the engine to use variable amounts of power. Moreover, the integration of IoT (Internet of Things) in the cars is the next big digital development in the automotive industry. Introduction of autonomous vehicles will bring another revolution in the automotive industry. EPS (Electronic Power Steering) system integrated self-driving cars/autonomous vehicles will further boost the driving experience of the driver. The quick development of connected cars offers opportunities to both the automotive industry and tech companies. Development of autonomous vehicles would promote the use of EPS in the vehicles, thereby contributing to the growth of the global automotive steering system market over the forecast period.

Report: https://www.theinsightpartners.....com/reports/automot