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The automotive steering wheel market size is forecast to increase by USD 11.20 billion at a CAGR of 7% between 2024 and 2028. The market is witnessing significant growth due to the increasing use of steering-mounted electronics, making wheels more intuitive for drivers. This trend is leading to the integration of advanced features such as voice recognition, touch controls, and haptic feedback. Another emerging trend is the debut of gesture recognition technology in steering wheels, offering drivers a more hands-free driving experience. Furthermore, the development of cars without steering wheels, such as Tesla's Autopilot and Waymo's self-driving cars, is challenging the traditional steering wheel market. However, these developments also present opportunities for steering wheel manufacturers to innovate and offer added value to consumers through advanced safety features and enhanced driving experiences.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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