OEMs in Automotive Electric Power Steering Market Leverage Motor Control Technologies to Meet Safety in Next-gen Automotive 127 0 Kommentare TMR - Seite 2

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COVID-19 Presents Challenges, Nudging OEMs and Development Partners to Realign

A range of technologies that help automotive companies improvise on operational parameters of EPS. Most prominently, PID (proportional integral derivative) controllers have attracted vast research and development interest among industry players. The need for constantly improving PID software solutions and services control methods has spurred opportunities for semiconductor companies and providers of connected mobility solutions. The drive for more safety and compactness to boost fuel saving for passenger vehicles has also led to growing adoption of automotive EPS. However, in all these, companies in the automotive electric power steering market have been facing constraint of regular supply of automotive chips, arising mainly due to prolonged COVID-19-led restrictions in various countries. Further, the demand for new vehicles also saw a marked slump in recent months. This has also hindered the development of low-cost EPS-MCU systems, with a simple software integration frameworks. Meanwhile, OEMs are aligning their strategic objectives with those of various development partners to circumvent this challenge.

Explore 360 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Automotive Electric Power Steering Market (Motor Assist: Column Assist, Pinion Assist, and Rack Assist; Component: EPS Control Module, Electric Motor, Rack & Pinion, and Steering Column; Vehicle: Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle; and Technology: Conventional EPS and EPS with ADAS) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 at https://www.transparencymarketresearch.com/automotive-electric-power-steering-market.html

Automotive Electric Power Steering Market: Key Driving Factors and Avenues

Growing demands for safety and fuel savings by vehicle owners is a key trend spurring the market proposition of automotive EPS
Rapid penetration of electric vehicles in emerging economies such as in Asia Pacific bolstering the deployment of automotive EPS
Stringent emission regulations in numerous countries has further added momentum to the popularity of electric and hybrid vehicles