Automotive Electric Power Steering

Automotive Electric Power Steering Market Outlook

The global Automotive Electric Power Steering (EPS) market is projected to reach approximately USD 40 billion by 2035, growing at a compound annual growth rate (CAGR) of around 8% during the forecast period of 2025 to 2035. This growth can be attributed to the increasing demand for vehicles with enhanced fuel efficiency and reduced carbon emissions, as electric power steering systems offer substantial energy savings compared to conventional hydraulic systems. Moreover, the rising penetration of electric and hybrid vehicles is propelling the market, as manufacturers seek to integrate advanced steering technologies that not only improve vehicle handling but also align with stringent emission norms. Additionally, consumer preference for advanced driver-assistance systems (ADAS) is leading to a surge in EPS adoption, which enhances safety and driving comfort. The rising adoption of autonomous vehicles is also shaping the future of the EPS market, as these vehicles require sophisticated steering solutions for optimal navigation and control.

Growth Factor of the Market

Several key factors contribute to the growth of the automotive electric power steering market. Firstly, the growing emphasis on fuel efficiency is driving automakers to adopt EPS, as it significantly reduces energy consumption compared to traditional hydraulic systems. Another factor is the increasing awareness regarding vehicle safety; EPS systems often come with advanced features like lane-keeping assistance, which boosts demand for this technology. Furthermore, the shift towards electric and hybrid vehicles accelerates EPS adoption since these power steering systems are more compatible with electric drivetrains. Technological advancements in steering control and vehicle dynamics are also making EPS systems more attractive to manufacturers and consumers alike. Lastly, government regulations pushing for lower emissions further incentivize the transition to electric power steering systems across various vehicle types, leading to an expanded market scope.

Key Highlights of the Market

• The market is expected to reach USD 40 billion by 2035, growing at a CAGR of 8%.
• Increased fuel efficiency and reduced emissions are significant driving factors.
• Growing demand for advanced driver-assistance systems (ADAS) supports EPS adoption.
• Technological innovations in steering control enhance vehicle handling and safety.
• The rise of electric and autonomous vehicles creates new opportunities in the EPS market.

By Component Type

Electric Motor:

The electric motor is a crucial component of the automotive electric power steering system, as it provides the necessary torque to assist drivers in steering their vehicles. The design and efficiency of the electric motor directly affect the performance of the EPS system. Advanced electric motors are designed to offer higher efficiency and lower weight, which are essential for optimizing the overall vehicle dynamics and enhancing fuel efficiency. As vehicle manufacturers are increasingly looking to improve responsiveness and reduce the energy consumption of steering systems, innovations in electric motor technology are driving growth in this segment. Furthermore, as electric vehicles proliferate, the demand for electric motors that can seamlessly integrate with other electric propulsion systems will continue to rise.

Steering Column:

The steering column in an electric power steering system serves as the connection between the driver's input and the steering mechanism. This component is integral to the overall performance of the EPS system, as it houses various sensors and control units that ensure precise steering control. Advances in steering column design have led to lighter and more compact solutions, which contribute to reduced vehicle weight and improved fuel efficiency. Additionally, the steering column's integration with advanced safety features, such as collapsible designs for crash protection, is driving innovation and demand in this segment. As vehicle designs evolve towards more complex and integrated systems, the importance of a high-performance steering column in EPS systems is becoming increasingly significant.

Sensors:

Sensors play a vital role in the functionality of electric power steering systems, providing real-time data regarding steering conditions, vehicle speed, and driver inputs. These sensors help to optimize the steering assist provided by the electric motor, ensuring smooth and precise handling. The ongoing development in sensor technology, including improvements in accuracy, responsiveness, and integration capabilities, is boosting the EPS market as manufacturers aim to provide an enhanced driving experience. With the rise of autonomous and semi-autonomous vehicles, the demand for sophisticated sensor systems that can accurately assess driving conditions and adjust steering assist accordingly is expected to surge, thereby driving growth within this segment.

Electric Control Unit:

The electric control unit (ECU) is a crucial component of the automotive electric power steering system that oversees the operation of various system elements, including the electric motor and sensors. The ECU interprets input from the driver and the vehicle's sensors to calculate the appropriate amount of steering assistance needed. As vehicle technologies become more complex, the role of the ECU is expanding, with capabilities such as integration with vehicle stability control and advanced driver-assistance systems. Enhanced software algorithms and advanced computing power are improving the responsiveness and adaptability of EPS systems, making them more efficient and reliable. Consequently, the demand for sophisticated electric control units will continue to increase as the automotive industry pushes towards innovation and improved vehicle performance.

Others:

This category includes various components that support the functioning of electric power steering systems, such as wiring harnesses, connectors, and support brackets. While these components may not receive as much attention as primary elements like the electric motor and sensors, they are essential for ensuring the reliability and durability of the entire EPS system. Innovations in materials and manufacturing processes are helping to improve the quality and performance of these components, contributing to a more robust steering system. Additionally, as the automotive industry increasingly focuses on weight reduction and compact designs, the development of lightweight and high-strength components in this category will play a critical role in enhancing the efficiency and performance of electric power steering systems.

By Vehicle Type

Passenger Cars:

Passenger cars represent a significant segment of the automotive electric power steering market due to the widespread adoption of EPS technology in this category. Consumers are increasingly seeking vehicles that offer improved fuel efficiency, enhanced driving comfort, and advanced safety features, all of which are facilitated by electric power steering systems. The growing emphasis on fuel economy has led manufacturers to adopt EPS as a standard feature in many new passenger car models. Additionally, as the automotive market shifts towards electric and hybrid vehicles, the role of EPS becomes even more crucial, as these vehicles require efficient power steering solutions that align with their overall design and performance objectives. Continued innovation in this segment, particularly in terms of integrating advanced features and improving system responsiveness, will further drive the adoption of EPS in passenger cars.

Commercial Vehicles:

The commercial vehicles segment, which includes trucks, buses, and vans, is also increasingly adopting automotive electric power steering systems. The need for improved maneuverability, especially in urban settings, is driving the demand for EPS in this sector. Electric power steering systems provide enhanced steering control, making it easier for drivers to navigate tight spaces and handle heavy loads. Moreover, many commercial fleet operators are focusing on reducing operational costs and improving fuel efficiency, which is another contributing factor to the adoption of EPS technology. As regulatory pressures to lower emissions continue to rise, commercial vehicle manufacturers are likely to expand their EPS offerings to meet these demands and improve the overall efficiency and performance of their fleets.

Electric Vehicles:

Electric vehicles (EVs) represent one of the most significant growth opportunities for the automotive electric power steering market. EPS systems are inherently more compatible with electric drivetrains, offering a seamless integration that maximizes energy efficiency. As the global shift towards electric mobility accelerates, the demand for EPS in electric vehicles is expected to rise significantly. Additionally, the need for advanced features such as regenerative braking and autonomous driving capabilities further propels the adoption of EPS technologies in EVs. As manufacturers seek to enhance the driving experience and optimize performance, the electric power steering market will continue to benefit from the increasing focus on electric vehicle development and production.

Autonomous Vehicles:

The rise of autonomous vehicles is set to reshape the automotive electric power steering market significantly. As self-driving technology matures, the need for precise and responsive steering systems becomes essential for ensuring safe and effective navigation. Electric power steering systems provide the necessary adaptability and responsiveness required for autonomous driving, as they can be easily integrated with various sensors and control systems. Furthermore, the demand for advanced driver assistance systems (ADAS) is increasing, which often relies on EPS technologies to enhance vehicle control and safety. As the automotive industry invests in autonomous vehicle research and development, the EPS market will experience robust growth driven by the need for advanced steering technologies that can support the future of mobility.

By Mechanism

Rack-Assist Type:

The rack-assist type mechanism is one of the most commonly used configurations in electric power steering systems, as it provides direct assistance to the steering rack. This design offers excellent feedback and feel for the driver, making it a popular choice among automotive manufacturers. The rack-assist type mechanism also allows for a more compact design, which is beneficial for modern vehicles that prioritize space efficiency. As the consumer demand for improved vehicle handling and responsiveness continues to grow, the rack-assist type EPS system is likely to maintain its dominance in the market. Furthermore, ongoing innovations in motor and sensor technologies are enhancing the performance of rack-assist EPS systems, making them increasingly attractive for both manufacturers and consumers.

Column-Assist Type:

The column-assist type mechanism provides power assistance directly at the steering column. This design allows for more flexibility in vehicle design and can contribute to weight savings, which is increasingly important in automotive engineering. The column-assist type mechanism is particularly suitable for compact vehicles, where space is at a premium. As automakers aim to enhance vehicle dynamics and overall driving experience, this type of EPS system is gaining traction, especially in smaller passenger cars. Additionally, advancements in technology are enabling column-assist EPS systems to integrate more easily with advanced driver assistance systems, making them a valuable choice for future vehicle models.

Pinion-Assist Type:

The pinion-assist type mechanism utilizes a pinion gear to provide steering assistance, which is beneficial in achieving a more precise steering feel. This design allows for a direct connection between the steering wheel and the road, enhancing the overall driving experience. The pinion-assist type mechanism is well-suited for performance-oriented vehicles, where steering feedback and control are paramount. As the automotive industry continues to emphasize vehicle performance and handling, the pinion-assist EPS system is expected to see increased adoption, particularly in sports and luxury vehicles. Moreover, ongoing enhancements in electric motor technology are further improving the capabilities of pinion-assist EPS systems, making them a competitive option in the market.

Dual Pinion Type:

The dual pinion type mechanism employs two pinion gears to provide steering assistance, offering a unique combination of responsiveness and precision. This design allows for enhanced control, particularly during high-speed maneuvers, making it suitable for performance-centric applications. The dual pinion type EPS system can also offer better feedback to the driver, enhancing the overall driving experience. As consumers increasingly seek vehicles that deliver superior performance and handling characteristics, the dual pinion type mechanism is likely to gain traction in the market. Furthermore, advancements in materials and manufacturing techniques are enabling the development of lighter and more efficient dual pinion EPS systems, further driving their adoption among automotive manufacturers.

By Sales Channel

OEMs:

The original equipment manufacturers (OEMs) segment plays a significant role in the automotive electric power steering market, as most new vehicles are equipped with EPS systems directly from the manufacturer. OEMs are increasingly adopting electric power steering technology across a wide range of vehicle models, driven by consumer demands for fuel-efficient and technologically advanced vehicles. This trend is further bolstered by stringent regulatory requirements regarding emissions and fuel economy, motivating manufacturers to integrate EPS systems as standard features. As the automotive industry continues to evolve, the OEM segment is expected to maintain a strong presence in the EPS market, with manufacturers investing in research and development to enhance their steering technologies.

Aftermarket:

The aftermarket segment of the automotive electric power steering market is gaining momentum as consumers seek to upgrade their existing vehicles with modern steering technologies. This segment includes replacement parts, retrofitting services, and enhancements to improve vehicle performance and safety. As the demand for electric power steering systems in older vehicle models increases, aftermarket suppliers are stepping up to provide high-quality EPS components and systems. Additionally, the growing trend of vehicle customization is fueling the demand for aftermarket EPS solutions, appealing to consumers who wish to enhance their driving experience. With advancements in technology, the aftermarket for EPS systems is poised for significant growth, offering opportunities for both established players and new entrants in the market.

By Region

The automotive electric power steering market is witnessing diverse growth patterns across different regions, with North America, Europe, and Asia Pacific being the key contributors. North America holds a substantial share of the market, driven by the presence of major automotive manufacturers and a strong emphasis on vehicle safety and fuel efficiency. The region is expected to maintain a steady CAGR of around 7% during the forecast period as manufacturers increasingly adopt EPS systems to comply with stringent regulatory standards and cater to consumer preferences for advanced driving technologies. Simultaneously, Europe is also a significant market for EPS, with a growing focus on electric mobility and sustainability driving demand for efficient steering solutions in both passenger cars and commercial vehicles.

In Asia Pacific, the automotive electric power steering market is experiencing rapid growth, propelled by the rising production of vehicles, increasing disposable incomes, and growing urbanization. This region is expected to exhibit the highest CAGR of over 9% during the forecast period, as major economies like China and India ramp up their automotive manufacturing capabilities and shift towards electric vehicle production. Furthermore, the Middle East & Africa and Latin America are gradually adopting EPS technology as consumer awareness regarding fuel efficiency and safety features increases. While these regions represent smaller market shares, they present significant growth opportunities for manufacturers looking to expand their EPS offerings.

Opportunities

The automotive electric power steering market is ripe with opportunities, particularly as the automotive industry continues to pivot towards electric mobility and advanced vehicle technologies. One of the most significant opportunities lies in the growing demand for electric and hybrid vehicles, which require efficient and reliable power steering solutions. As governments around the globe implement stricter emissions regulations, manufacturers are increasingly investing in electric power steering to improve vehicle performance and reduce carbon footprints. This trend presents a compelling opportunity for EPS manufacturers to innovate and develop next-generation systems that offer enhanced functionality, such as integration with autonomous driving technologies and advanced driver assistance systems (ADAS). As the market evolves, there is also potential for EPS systems to be adapted for a wider range of applications beyond passenger vehicles, including commercial and specialized vehicles, providing additional growth avenues.

Another opportunity in the automotive electric power steering market stems from the increasing consumer preference for enhanced driving experiences and vehicle safety. As customers become more discerning, there is a growing demand for vehicles equipped with advanced features such as lane-keeping assistance, adaptive cruise control, and other automated functions that rely on sophisticated steering systems. EPS systems can be designed to incorporate these features, enhancing their appeal to consumers and manufacturers alike. Additionally, the aftermarket segment presents opportunities for growth as vehicle owners look to upgrade or retrofit their existing vehicles with EPS technology, particularly as older model vehicles become more common on the roads. As the automotive industry continues to innovate and embrace new technologies, the automotive electric power steering market is poised for significant expansion, offering various opportunities for stakeholders across the value chain.

Threats

While the automotive electric power steering market presents numerous opportunities, it also faces several threats that could impact its growth trajectory. A significant threat comes from the rapidly evolving nature of automotive technologies and the constant need for innovation. As competitors emerge with advanced steering solutions and technologies, established players in the EPS market may struggle to keep pace with the fast-paced developments in the industry. This situation could lead to increased competition, resulting in price pressures and potentially lower profit margins for manufacturers. Moreover, the growing trend of integrating power steering with other vehicle systems, such as active safety features and autonomous driving technologies, could complicate the development process and require substantial investments in research and development, posing challenges for some companies in the market.

Another potential threat to the automotive electric power steering market is the volatility of raw material prices. The production of electric power steering components relies on various metals and materials, whose prices can fluctuate significantly due to market conditions and geopolitical factors. Such price volatility may impact manufacturing costs and subsequently affect the pricing strategies of EPS manufacturers. Furthermore, potential supply chain disruptions, particularly for critical components sourced from specialized suppliers, can hinder production capabilities and delay the launch of new products. As a result, manufacturers must remain vigilant in managing their supply chains to mitigate these risks and ensure the continuous delivery of high-quality EPS systems.

Competitor Outlook

• Robert Bosch GmbH
• JTEKT Corporation
• Thyssenkrupp AG
• Parker Hannifin Corporation
• Continental AG
• ZF Friedrichshafen AG
• Magna International Inc.
• Hitachi Automotive Systems, Ltd.
• Delphi Technologies PLC
• Valeo SA
• Aisin Seiki Co., Ltd.
• Nexteer Automotive
• Mando Corporation
• GKN Automotive Limited
• TRW Automotive

The competitive landscape of the automotive electric power steering market is characterized by a mix of established global players and emerging companies that are continuously innovating to capture market share. Major players like Robert Bosch GmbH and JTEKT Corporation have leveraged their extensive experience in automotive technology to develop advanced electric power steering systems that cater to a broad range of vehicle applications. These companies are heavily investing in research and development to enhance their product offerings and maintain their competitive edge. Additionally, strategic partnerships and collaborations between manufacturers and technology providers are increasingly common as companies seek to integrate cutting-edge technologies into their EPS solutions.

Another notable trend in the competitive landscape is the focus on sustainability and environmental responsibility. Companies are actively pursuing initiatives to reduce their carbon footprints and enhance the eco-friendliness of their production processes. For instance, players such as Continental AG and ZF Friedrichshafen AG are adopting sustainable practices in their manufacturing operations, while also investing in the development of energy-efficient EPS systems that align with the growing demand for environmentally friendly vehicles. Moreover, the rise of electric and autonomous vehicles is prompting competitors to explore innovative steering solutions that can meet the unique requirements of these advanced applications, further shaping the market dynamics.

In conclusion, the automotive electric power steering market is a dynamic and evolving landscape marked by increasing competition and ongoing innovation. As manufacturers strive to meet the demands of consumers for enhanced performance, safety, and sustainability, the market is expected to witness significant shifts. Key players such as Magna International and Delphi Technologies are positioning themselves to capitalize on these trends by developing cutting-edge technologies and exploring new market opportunities, ensuring that they remain at the forefront of the automotive EPS revolution. Additionally, as the market continues to grow, partnerships and collaborations among industry players will play a crucial role in driving innovation and expanding the reach of electric power steering systems across various vehicle types.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Valeo SA
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Continental AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 TRW Automotive
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Thyssenkrupp AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 JTEKT Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Mando Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Robert Bosch GmbH
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Nexteer Automotive
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Aisin Seiki Co., Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 ZF Friedrichshafen AG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 GKN Automotive Limited
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Delphi Technologies PLC
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Magna International Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Parker Hannifin Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Hitachi Automotive Systems, Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive Electric Power Steering Market, By Mechanism
    • 6.1.1 Rack-Assist Type
    • 6.1.2 Column-Assist Type
    • 6.1.3 Pinion-Assist Type
    • 6.1.4 Dual Pinion Type
  • 6.2 Automotive Electric Power Steering Market, By Vehicle Type
    • 6.2.1 Passenger Cars
    • 6.2.2 Commercial Vehicles
    • 6.2.3 Electric Vehicles
    • 6.2.4 Autonomous Vehicles
  • 6.3 Automotive Electric Power Steering Market, By Component Type
    • 6.3.1 Electric Motor
    • 6.3.2 Steering Column
    • 6.3.3 Sensors
    • 6.3.4 Electric Control Unit
    • 6.3.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Automotive Electric Power Steering Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive Electric Power Steering market is categorized based on

By Component Type

• Electric Motor
• Steering Column
• Sensors
• Electric Control Unit
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Electric Vehicles
• Autonomous Vehicles

By Mechanism

• Rack-Assist Type
• Column-Assist Type
• Pinion-Assist Type
• Dual Pinion Type

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Robert Bosch GmbH
• JTEKT Corporation
• Thyssenkrupp AG
• Parker Hannifin Corporation
• Continental AG
• ZF Friedrichshafen AG
• Magna International Inc.
• Hitachi Automotive Systems, Ltd.
• Delphi Technologies PLC
• Valeo SA
• Aisin Seiki Co., Ltd.
• Nexteer Automotive
• Mando Corporation
• GKN Automotive Limited
• TRW Automotive