IMARC Group’s latest research report, titled “X-by-Wire Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global X-by-wire systems market reached a value of US$ 18.97 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 28.21 Billion by 2027, exhibiting a CAGR of 6.70% during 2022-2027.
X-by-wire systems are the replacement of hydraulic or mechanical systems with electronic control systems. They are equipped with electronically assisted control mechanisms that help in eliminating the mechanical linkages involved in the system. Some of the commonly available types of x-by-wire systems include steer-by-wire, brake-by-wire, shift-by-wire, park-by-wire, throttle-by-wire, etc. They aid in removing the use of traditional components, such as hoses, pumps, intermediate shafts, vacuum servos, master cylinders, steering columns, belts, etc. In addition to this, x-by-wire systems also minimize the overall weight of the vehicles and emission levels, increase fuel efficiency and safety, improve the response time, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, vehicle type and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for X-by-Wire Systems Market
- Strategies of major players and product offerings
The escalating demand for electric vehicles (EVs) is primarily driving the x-by-wire systems market. Additionally, various autonomous car manufacturers are introducing electronic control units and sensors, which is further catalyzing the market growth. Besides this, the widespread adoption of X-by-Wire systems, on account of the inflating need for lightweight vehicles with enhanced efficiency, is acting as another significant growth-inducing factor. Moreover, the launch of several favorable policies by government bodies across the countries to lower the carbon footprint and the expanding automotive industry are positively influencing the global market. Apart from this, numerous technological advancements, such as the development of the modular valve and lithium-ion capacitor that elevates the intelligence by enabling tailor steering performance, are anticipated to fuel the x-by-wire systems market over the forecasted period.
Key Players Included in Global Research Report:
- AB SKF
- Continental AG
- Curtiss-Wright Corporation
- Infineon Technologies AG
- JTEKT Corporation
- ME Mobil Elektronik GmbH
- Nexteer Automotive
- Orscheln Products L.L.C
- Parker Hannifin Corporation
- Robert Bosch GmbH
- Tata Motors Limited
- Volkswagen AG
- ZF Friedrichshafen AG.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Breakup by Type:
- Throttle-by-Wire System
- Brake-by-Wire System
- Steer-by-Wire System
- Park-by-Wire System
- Shift-by-Wire System
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the X-by-Wire Systems Market Research Report:
- Scope and Methodology
- Executive Summary
- Global X-by-Wire Systems Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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