Park-by-Wire Market to Witness Huge Growth by 2024-2030: Kongsberg Automotive, Ficosa International, Hyundai Mobis

The latest study released on the Global Park-by-Wire Market by HTF MI Research evaluates market size, trend, and forecast to 2030. The Park-by-Wire market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:
ZF Friedrichshafen AG (Germany), Continental AG (Germany), Robert Bosch GmbH (Germany), DURA Automotive Systems (United States), Kongsberg Automotive (Norway), Ficosa International (Spain), Mando Corporation (South Korea), HELLA GmbH & Co. KGaA (Germany), Hyundai Mobis (South Korea), Valeo SA (France), Schaeffler AG (Germany), Magna International (Canada), Hitachi Astemo (Japan), Nexteer Automotive (United States), Aptiv PLC (Ireland)

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Definition:
The Park-by-Wire Market consists of electronic systems that enable vehicle parking functions to be controlled digitally, replacing traditional mechanical parking mechanisms. In park-by-wire systems, electronic controls and actuators are used to engage and disengage the parking brake through a switch or interface, rather than a mechanical lever or pedal. These systems offer advantages in terms of vehicle design flexibility, space optimization, weight reduction, and integration with autonomous and electric vehicle technologies. Park-by-wire solutions are increasingly adopted in modern vehicles to enhance driver convenience, safety, and adaptability to automated driving features.

Market Trends:
• Integration of park-by-wire with connected vehicle technologies.
• Rising consumer preference for automated parking solutions.

Market Drivers:
• Increasing demand for advanced driver assistance systems (ADAS).
• Growth in electric and autonomous vehicle technologies.

Market Opportunity:

• Expansion into emerging markets with increasing vehicle ownership.
• Collaboration with automotive manufacturers for system integration.

Market Challenges:
• High development and integration costs.
• Ensuring system reliability and safety in various conditions.

Major Highlights of the Park-by-Wire Market report released by HTF MI

Global Park-by-Wire Market Breakdown by Type (Active Park Assist, Automatic Park Brake (APB), Electronic Parking Brake (EPB)) by Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles (EV)) by Component (Electronic Control Unit (ECU), Sensors and Actuators, Wiring Harness, Control Switches and Buttons, Software and Embedded Systems) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Park-by-Wire market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
• To carefully analyze and forecast the size of the Park-by-Wire market by value and volume.
• To estimate the market shares of major segments of the Park-by-Wire
• To showcase the development of the Park-by-Wire market in different parts of the world.
• To analyze and study micro-markets in terms of their contributions to the Park-by-Wire market, their prospects, and individual growth trends.
• To offer precise and useful details about factors affecting the growth of the Park-by-Wire
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Park-by-Wire market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:
Park-by-Wire Market Study Coverage:
• It includes major manufacturers, emerging player's growth story, and major business segments of Park-by-Wire market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Park-by-Wire Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Park-by-Wire Market Production by Region Park-by-Wire Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Park-by-Wire Market Report:
• Park-by-Wire Overview, Definition and Classification Market drivers and barriers
• Park-by-Wire Market Competition by Manufacturers
• Park-by-Wire Capacity, Production, Revenue (Value) by Region (2024-2030)
• Park-by-Wire Supply (Production), Consumption, Export, Import by Region (2024-2030)
• Park-by-Wire Production, Revenue (Value), Price Trend by Type {Active Park Assist, Automatic Park Brake (APB), Electronic Parking Brake (EPB)}
• Park-by-Wire Market Analysis by Application {Electronic Control Unit (ECU), Sensors and Actuators, Wiring Harness, Control Switches and Buttons, Software and Embedded Systems}
• Park-by-Wire Manufacturers Profiles/Analysis Park-by-Wire Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
• How feasible is Park-by-Wire market for long-term investment?
• What are influencing factors driving the demand for Park-by-Wire near future?
• What is the impact analysis of various factors in the Global Park-by-Wire market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.

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HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

This release was published on openPR.