Active Power Steering

Global Active Power Steering Market to Reach US$23.2 Billion by 2030

The global market for Active Power Steering estimated at US$11.5 Billion in the year 2024, is expected to reach US$23.2 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2024-2030. Hydraulic Power Steering System, one of the segments analyzed in the report, is expected to record a 15.1% CAGR and reach US$10.0 Billion by the end of the analysis period. Growth in the Electric Power Steering System segment is estimated at 9.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.1 Billion While China is Forecast to Grow at 17.1% CAGR

The Active Power Steering market in the U.S. is estimated at US$3.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.0 Billion by the year 2030 trailing a CAGR of 17.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.8% and 11.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.

Global Active Power Steering Market – Key Trends & Drivers Summarized

Why Is Active Power Steering Transforming Vehicle Dynamics?

Active power steering (APS) systems are at the forefront of innovation in automotive technology, enhancing driving precision, comfort, and safety. Unlike traditional hydraulic or electric power steering systems, APS integrates advanced electronic controls and actuators to provide variable steering assistance based on real-time driving conditions. By dynamically adjusting steering torque and angle, these systems optimize vehicle handling in various scenarios, such as high-speed cruising, urban navigation, and challenging terrains. This adaptability has made APS a key enabler of modern vehicle dynamics, addressing the rising consumer demand for safer and more comfortable driving experiences. With the growing adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS), APS plays a crucial role in ensuring seamless integration with autonomous driving features, making it a critical component in the evolution of next-generation vehicles. As consumers increasingly prioritize safety, comfort, and innovation, APS systems are becoming indispensable in both passenger and commercial vehicles, solidifying their place in the automotive landscape.

How Are Technological Advancements Shaping the Active Power Steering Market?

The active power steering market is experiencing a technological revolution, driven by advancements in electronics, sensor technology, and AI-driven algorithms. Modern APS systems are equipped with high-precision sensors that continuously monitor parameters such as vehicle speed, steering angle, and road conditions to deliver real-time adjustments. The integration of AI and machine learning has further enhanced the predictive capabilities of APS, enabling systems to anticipate driver inputs and adapt accordingly for smoother and more efficient steering. Electrification has also revolutionized APS design, with steer-by-wire systems eliminating the mechanical connection between the steering wheel and wheels. This innovation not only reduces weight but also provides greater flexibility for implementing autonomous driving features. Furthermore, manufacturers are focusing on the development of modular APS platforms that can be customized for different vehicle models, from compact cars to heavy-duty trucks. These advancements are not only improving the performance and reliability of APS systems but also expanding their applicability across a wide range of vehicle types, paving the way for widespread adoption in the automotive industry.

Which Regions and Market Segments Are Leading Demand for Active Power Steering Systems?

The demand for active power steering systems is gaining momentum across the globe, with varying levels of adoption and growth across regions. North America and Europe are leading markets, driven by stringent vehicle safety regulations, high consumer awareness, and a strong presence of automotive manufacturers investing in advanced technologies. These regions are also at the forefront of EV adoption, further boosting demand for APS systems that enhance energy efficiency and complement autonomous driving features. In contrast, the Asia-Pacific region is emerging as a major growth hub, supported by rapid urbanization, increasing vehicle production, and rising disposable incomes in countries like China, India, and Japan. The growing popularity of luxury and premium vehicles in these markets has further driven the adoption of APS, as consumers seek enhanced comfort and safety features. Commercial vehicles, including trucks and buses, represent a significant market segment for APS systems, as fleet operators increasingly prioritize driver safety and fuel efficiency. Across all regions and segments, APS is becoming a key differentiator for automakers, influencing purchasing decisions and shaping the future of mobility.

What Factors Are Driving Growth in the Active Power Steering Market?

The growth in the Active Power Steering market is driven by several factors, including advancements in vehicle automation, increasing demand for electric and hybrid vehicles, and heightened safety regulations worldwide. The proliferation of ADAS and autonomous driving technologies has necessitated the adoption of APS systems that can seamlessly integrate with these advanced features, providing precise and adaptive steering assistance. The rapid transition to EVs has further amplified demand for APS, as these systems optimize energy efficiency and enhance driving comfort, making them an ideal fit for the electric mobility era. Additionally, rising consumer awareness of road safety and government mandates for enhanced vehicle safety features have accelerated the adoption of APS systems in both passenger and commercial vehicles. The growing preference for premium vehicles with advanced comfort and handling capabilities has also contributed to market expansion. Lastly, increased investments in R&D by automotive manufacturers and suppliers are driving innovation, ensuring the continuous evolution of APS technology to meet the needs of a dynamic and competitive automotive industry.

SCOPE OF STUDY:

The report analyzes the Active Power Steering market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Hydraulic Power Steering System, Electric Power Steering System, Electro-Hydraulic Power Steering System); Application (Passenger Cars Application, Commercial Vehicles Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• HL Mando Corp.
• JTEKT Corporation
• Knorr-Bremse Commercial Vehicle Systems GmbH
• Man Truck & Bus SE
• Nexteer Automotive Corporation
• NSK Ltd.
• Ognibene Power S.P.A.
• Robert Bosch GmbH
• ThyssenKrupp Automotive Technology (A Division of ThyssenKrupp AG)
• Volvo Trucks North America

TARIFF IMPACT FACTOR

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APRIL 2025: NEGOTIATION PHASE

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