Electric Power Assisted Steering (EPAS) is a vehicle driver assistance system that helps a driver to steer the vehicle easily by augmenting steering effort needed to turn steering wheels. The EPAS system mainly comprises of electric motor, torque & steering angle sensors, and Electronic Control Unit (ECU) that makes vehicle steering easy and effortless. The sensors of an EPAS system measure the position of steering wheels and the torque applied by the driver. This data is then fed to the ECU based on which, it commands electric motor to apply the desired torque and steers the vehicle in accordance with its speed. EPAS is an energy-efficient system that consumes energy only when the steering wheel is turned. Market Industry Reports (MIR) has published a new report titled “Electric Power Assisted Steering (EPAS) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Electric Power Assisted Steering (EPAS) market accounted for over US$ 35 billion by 2019. The market is anticipated to grow at a CAGR of 7.1% from 2019 to 2030.
The global EPAS market is driven by several factors, such as the growing automotive industry, increasing research & development activities by major automotive manufacturers, and the advantages of EPAS over the hydraulic steering system. The EPAS system is more efficient when compared with its traditional counterparts. It has no massive hydraulics to bleed and it exerts a lesser mechanical drag on the engine when compared with other steering systems. R&D activities by various automotive manufacturers to develop a sophisticated and robust steering system will propel market growth in the coming years.
Major Key Players of the Electric Power Assisted Steering (EPAS) Market are:Robert Bosch GmbH, JTEKT Corporation, DENSO CORPORATION, De Amertek Corporation, Nexteer, ZF Friedrichshafen AG, NSK Ltd, HYUNDAI MOBIS, SHOWA CORPORATION
Moreover, the high preference of EPAS for electric vehicles & auto-pilot-enabled vehicles, mechanically less complex & fewer moving parts, and increasing number of government norms related to fuel-efficient technologies are anticipated to boost EPAS market growth globally. For instance, a majority of countries in the European Union offer tax benefits and financial incentives for buying electric, hybrid, & fuel-cell vehicles.
However, the high cost of EPAS systems, difficulties in failure diagnosis, and development of Electro-Hydraulic Power Steering (EHPS) systems are some of the major factors which will hinder market growth in the coming years. The EHPS system is the combination of EPAS and Hydraulic Power Steering (HPAS) technologies, which makes it more energy-efficient and capable of overcoming the drawbacks of both these steering systems.
Major Types of Electric Power Assisted Steering (EPAS) Market covered are:Pinion Type EPAS
Rack Type EPAS
Column Type EPAS
Rack Type EPAS
Column Type EPAS
Major Applications of Electric Power Assisted Steering (EPAS) Market covered are:Passenger Vehicle
Light Commercial Vehicle, and Heavy Commercial Vehicle
Light Commercial Vehicle, and Heavy Commercial Vehicle
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