Steering-by-wire industry analysis and forecast

The steer-by-wire industry is in its infancy, and it is expected that the penetration rate of steer-by-wire in China will reach 5% by 2025. At present, overseas companies such as Bosch, JTEKT, and ZF have the first-mover advantage, while domestic manufacturers have a large gap due to their late entry, and most companies are still in the research and development stage.