Automotive Electric Power Steering Market - Segmentation, Major Players & Geogra

Posted by Fred Williams on April 5th, 2021

It is estimated that the coronavirus pandemic has slowed the automotive industry by nearly four years. The significant drop in the turnover between the years 2018-2019 and 2019-2020 is creating concerns for companies in the automotive electric power steering market. As such, business activities are gaining pace in certain regions of the world. For instance, Israel-based foundry Tower Semiconductor has announced to expand its manufacturing capacity for 200mm wafers that are in high demand for automotive and IoT (Internet of Things) devices.

Companies in the automotive electric power steering market are collaborating with semiconductor companies to make decisions on whether to allocate their inventory to meet automotive demands amid supply chain uncertainties.

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Fred Williams

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Fred Williams
Joined: May 7th, 2020
Articles Posted: 371

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