Latest market study on “Commercial Vehicle (CV) Active Power Steering Market to 2025 – Global Analysis and Forecasts by Type (Electric Power Steering (EPS) and Electro-Hydraulic Power Steering (EHPS)), Application (Medium Commercial Vehicle and Heavy Commercial Vehicle) – Global Analysis and Forecast”, the Commercial Vehicle (CV) Active Power Steering market is estimated to reach 955,233 units by 2025 from 12,572 units in 2016. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

As the active power steering systems are the advanced version of hydraulic power steering systems, and also as they operate electrically there are possibilities that these power steering systems can be coupled with the Advanced Driver Assistance Systems (ADAS). ADAS are the advanced systems that facilitate with an aid to monitor warnings, braking, and steering tasks. The market of ADAS is anticipated to spur in the years to come. Its growth is highly influenced by consumer and regulatory interests in safety applications that secures the passengers and reduce the risk of accidents. Growth in the demand of ADAS is anticipated to generate ample of opportunities for the active power steering market, as it’s the most advanced version of power steering available in the market that compliments to the integrity of ADAS.

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Power steering systems have seen significant technological advancements in the recent years, forming pavement for advanced safety and comfort driving capabilities. The market for active power steering is growing and is expected to grow considerably in the coming years, due to increase in the adoption of active road safety measures almost in every geographical location. Also, increasing focus of government as well as organizations to adopt fuel efficient driving solutions, along with strong shift in advanced driving technologies is impacting the market for advanced steering systems throughout the globe.

In the present scenario, fuel efficient driving solutions, driver’s road safety and ease in driving with less efforts applied, are considered critically important in the automotive industry. Even developing countries in Asia are focusing strongly on these critical aspects and are expected to adopt active power steering significantly in the coming years. Volvo and Daimler are the only companies who have commercialized these active power steering systems in trucks and buses, while the other key players are field testing the systems and soon will be launching active steering systems in heavy commercial vehicles.

Hence, the active power steering systems are expected to enter mainstream of the market by 2020, these systems are more likely to be introduced by key commercial vehicle manufacturers. Also, these systems will come as an optional add-on, while customers will have choice to upgrade the systems or purchase vehicles with conventional steering systems.

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