Electric Power Assisted Steering (EPAS) Market to Witness Robust Expansion by 2030 with Prominent Key Players: Robert Bosch, JTEKT, DENSO

Electric power assisted steering (EPAS) streamlines the steering in vehicles. This advanced feature is increasingly installed in all the new vehicles, helping the driver reduce the effort to steer the car. EPAS uses torque on the steering wheel and moves with the electric motor. The improved feature not only helps drivers, but also supports enhanced flexibilities in the placement of the steering wheel, compatibility of the steering system to meet the requirements of the car, driver or the drawbacks in hydraulic assisted power steering, and more.

The key advantages of electric power-assisted steering are:
- Easy interface with autonomous driving smart brains
- Less complexity and reduced weight, and supports higher fuel efficiency
- Better energy and fuel efficiency due to electric power-assisted steering
- Allows easy alteration various assistance levels based on the driving mode.

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.

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

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