SBW system is among a few automotive components that are witnessing a double-digit rate. Even the cyclic decline of the overall automotive industry has a relatively less impact on the overall demand for SBW systems, the growth is ensured by an incessant shift from mechanical transmission systems to SBW systems. 

The automotive SBW systems market is projected to offer healthy growth opportunities and is likely to reach US$ 2,139.5 million in 2030.