Commercial Vehicle Active Power Steering Market: Comprehensive Report (2022-2028)
The Global Commercial Vehicle Active Power Steering (APS) Market has witnessed substantial growth in recent years, driven by technological advancements, regulatory changes, and a growing focus on improving vehicle safety, performance, and fuel efficiency. According to TechSci Research, the market size stood at USD 6.82 billion in 2022 and is projected to grow at a CAGR of 6.34% during the forecast period (2024-2028) . This report delves into the market dynamics, key trends, regional insights, and major players that define this evolving landscape. Understanding Active Power Steering (APS) What is Active Power Steering (APS)? Active Power Steering (APS) systems are designed to adjust steering assistance dynamically based on driving conditions, enhancing vehicle maneuverability, reducing driver fatigue, and improving safety. These systems integrate advanced electronics, sensors, and actuators to deliver a responsive and adaptive driving experience. Ty...