US Electric Power Steering System Market
ID: MRFR/AM/16693-US | 100 Pages | Author: MRFR Research Team| December 2023
In the recent past, the EPS systems in USA show survey robust growth due to high demand for advanced automotive technologies. This increase in demand is associated with some factors that highlight the benefits of EPS over conventional hydraulic systems. A major motivating factor is fuel efficiency and environmental sustainability of the automotive sector.
To begin with, electric power steering systems prove more energy-efficient than their hydraulic counterparts and are partly responsible for reduced fuel consumption and decreased level of emission. The automotive sector is driven towards embracing EPS technology by consumers and regulating authorities who strive for environment friendly solutions.
In addition, the increase in electric vehicle use has become a significant factor that contributes to developing demand for electronic power steering systems. As the electric vehicle market grows, manufacturers make these cars include EPS in order to improve overall efficiency and adapt them specificities of electrical transmission system. Electric power steering enhances compliance and inclination in the EVs sector, corresponding with its electrification direction.
The growing recognition of the climate crisis and sustainable mobility have promoted a rapid transition towards e-mobility, thus increasing demand for EPS systems. And safety concerns have added to the increasing demand for electric power steering in the US. EPS systems have an undisputed reputation of contributing to the vehicleโs stability and control, especially in crisis conditions.
The newly developed sophisticated electronic control units (ECUs) in EPS systems can vary their response according to the given driving conditions, thereby responding actively and quickly. This helps to achieve general vehicle safety that is both of interest for consumers and regulatory authorities. Moreover, the adoption of ADAS fuels electric power steering demand in the US market.
EPS technology is compatible with ADAS features including lane-keeping assist, automated parking and adaptive cruise control. The partnership between EPS and ADAS boosts the vehicle safety, apart from creating opportunities for autonomous driving. Since the automotive industry will continue to search for and use innovative technologies, then there will be an increased need of EPS as a key part in such systems.
Additionally, the benefits of maintenance that are provided by electric power steering systems also contribute to their growing acceptance. In contrast to the conventional hydraulic systems that require periodic fluid checks and replacing, EPS systems are virtually maintenance free thus reducing ownership cost for end users. It attracts both large- and small-scale users, from individual consumers to fleet operators hence the increased demand for EPS at U.S market.
Finally, the desire for electric power steering systems in the United States market is growing rapidly due to factors such as efforts by automotive industries towards enhancing fuel efficiency; prevalence of convergence with electrification enabled vehicles, human centric aspects like safety during driving including HMI integration and maintenance benefits. In the developing automotive culture, EPS technology has a critical role to play in determining how steering systems will be while also meeting needs of both consumers and other industry stakeholders.
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