The automotive steer-by-wire actuator market was valued at USD 116.2 million in 2025. Demand is expected to advance to USD 132.8 million in 2026 and reach USD 505.5 million by 2036. Rack actuator is anticipated to lead by Component Type with 44.0% share in 2026 and Passenger cars is expected to lead by Vehicle Type with 82.0% share in 2026.