Automotive EPS Market Size
The Global Automotive EPS Market was valued at US$ 29.31 Billion in 2025 and is expected to reach US$ 48.53 Billion in 2033, growing at a CAGR of 6.5% during the forecast period (2026–2033).
Recent Developments
In March 2026, JTEKT Corporation advanced its electric power steering systems with improved motor efficiency and compact designs. The innovation focuses on enhancing steering precision and reducing energy consumption. It supports the growing adoption of EPS in electric and hybrid vehicles.
In February 2026, Bosch Mobility expanded its EPS portfolio with integrated software-driven steering solutions. The systems enable advanced driver assistance features and improved vehicle control. This aligns with the trend toward autonomous and connected vehicles.
In January 2026, Nexteer Automotive introduced next-generation EPS systems with enhanced cybersecurity and functional safety features. The development ensures secure and reliable steering performance. It supports compliance with global automotive safety standards.
Why Purchase the Report?
- Visualize the composition of the Automotive EPS Market products across each product type and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Automotive EPS Market by analyzing trends and co-development deals.
- Comprehensive details on factors driving the market growth.
- Excel data sheet with thousands of data points of Automotive EPS Market segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Target Audience 2026
- Industry Investors/Investment Bankers
- Suppliers/Buyers
- Education & Research Institutes
- Manufacturers
- Research Professionals
- Emerging Companies
- Distributors
