X-By-Wire Systems Market 2022 - Industry Overview, Growth, Trends, COVID-19 Impact, Analysis and Outlook

According to the latest report by IMARC Group, "Global X-by-Wire Systems Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", 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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X-by-Wire Systems Market Trends and Drivers:

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.

Note: 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.

Global X-by-Wire Systems Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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 and ZF Friedrichshafen AG.

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The report has segmented the market on the basis of region, type and vehicle type.

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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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