X-By-Wire Systems Market Overview
X-By-Wire
Systems market is anticipated to reach $234 million by 2026 growing at a CAGR
of 10.2%. X-by-wire system replaces the
conventional mechanical control systems with electronic throttle control
systems by using electro-mechanical actuators and human-machine interfaces such
as steering feel emulators and pedals. With the use of this system, the use of
traditional components in vehicle such as the pumps, steering column, belts,
intermediate shafts, belts, hoses, coolers and vacuum servos and master
cylinders are eliminated. Hence the demand for the market is expected to rise. The transition in automotive industry is greatly attributed to factors
such as increasing push for fuel efficiency, safety, reduced emissions and
others. In addition to this, highly precise and accurate motion control is also
in great demand in the automotive industry. These factors are set to propel the
X-by-Wire systems demand.
Report Coverage
The report: “X-By-Wire Systems Industry Outlook – Forecast (2021-2026)”, by
IndustryARC covers an in-depth analysis of the following segments of the X-By-Wire
Systems market.
By System
Type - Shift-By-Wire Systems, Throttle-By-Wire Systems, Suspension-By-Wire Systems, Park-By-Wire
Systems, Others.
By Geography - North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy,
Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others), and
RoW (Middle east and Africa).
Key Takeaways
- North America held the prominent share of 39% of global X-By-Wire Systems market in 2020 due to the growing technological advancements which further helps to increase the market at higher pace.
- Governments in different countries are creating awareness towards low emission by vehicles through these regulations and standards which is thereby boosting the x-by wire system market during the forecast period 2021 – 2026.
- One of the main challenges for the x-by wire systems market is rising costs of raw materials.
X-By-Wire Systems Market Segment Analysis - System Type
The
X-By-Wire Systems market is segmented into Shift-By-Wire Systems Market,
Throttle-By-Wire Systems, Suspension-By-Wire Systems, Park-By-Wire Systems
among Others by system type. Throttle-by-wire technology held the major share
accounting for around 49% in 2020. Throttle-by-wire technology has already
witnessed widespread adoption in mid and high end cars and in the future it is
expected to see an increasing adoption in entry-level cars as well. The
deployment of throttle-by-wire systems in construction equipment and military
vehicles is expected to bode well for the market in the long run. The
investment of manufacturers in the research and development of advanced
technologies and in the testing of advanced technologies is expected to open a
plethora of opportunities for the market in the years ahead.
X-By-Wire Systems Market Segment Analysis - By Geography
North America held the prominent share of 39%
of global X-By-Wire Systems market in 2020. In North America, the U.S. market
contributes the largest share of X-by-wire system and growing technological
advancements further helps to increase the market at higher pace. Growing
automotive exports in Mexico helps in
the growth of X-by-wire system market. The use of these systems is also growing
significantly in the Asia-Pacific regions, due to the increase in the consumer
purchasing power and their preference for better safety measures and the need
for higher fuel efficiency of the vehicle. China, Germany, U.S. and Japan, are
expected to be the largest markets for these by-Wire systems. Developing
countries such as Mexico and others are expected to show a high growth rate in
the demand for these technologies by the automobile manufactures which can also
be seen with the increasing production of X-by-Wire systems during the years
2014 to 2019.
X By Wire Market,
By Geography, 2020
X-By-Wire Systems market Drivers
Increase in sales of electric vehicles (EVs)
EVs deliver several
advantages such as reduced fuel consumption (petrol, diesel, and gas) and
reduced emissions from tailpipes, which significantly boost their demand across
the globe. It in turn is expected to accelerate the need for advanced
technology in electric vehicles during the forecast period for x-by wire
systems market. The adoption rate of electric vehicles is increasing across the
globe and the sales of electric and hybrid vehicles will show a significant
growth during the forecast period. This growth can be attributed to the
stringent emission norms and increased battery density. The ADAS features,
which were earlier offered only in the high-end luxury cars are now being
offered in entry level models.
Stringent regulations for emissions for vehicles
Emission
Standards (EURO I, EURO II, EURO III, EURO IV and EURO V), Corporate Average
Fuel Economy (CAFE) and Federal Motor Vehicle Safety Standards (FMVSS) are few
of the most common emission standards followed in the global regions. Governments
in different countries are creating awareness towards low emission by vehicles
through these regulations and standards which is thereby boosting the x-by wire
system market during the forecast period 2021 – 2026
X-By-Wire Systems market Challenges
Increase in raw material prices
One of the
main challenges for the x-by wire systems market is rising costs of raw
materials. In recent years, iron, steel and plastics costs have risen to high
levels that have resulted in rise in passenger vehicle costs for customers.
This is set to hinder the market growth during the forecast period 2021 – 2026.
X-By-Wire Systems Market Landscape
Product launches, acquisitions, and R&D activities are
key strategies adopted by players in the X-By-Wire Systems market. X-By-Wire
Systems market is expected to be dominated by major companies such as Robert
Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.),
TRW Automotive (U.S.), Nissan Motor Corporation (Japan), and P.S.A Citroen
(France) among others.
Acquisitions/Product Launches/Partnerships
- In June 2020 Eaton announced the production launch of its SBX advanced steering valve, a fail-operational steer-by-wire valve for off-highway machinery.
- The compact, modular SBX valve increases machine flexibility and intelligence by enabling machine designers to tailor steering performance to the operator’s preferences and operating conditions.
- JTEKT displayed its steering systems, driveline components, and bearing solutions in the AUTOMOBILI-D hall at the 2019 North American International Auto Show. The company has showcased its technological achievements, such as recently developed lithium-ion capacitor, which can operate in extremely high and low temperatures, as well JTEKT’s advanced driver assist system (ADAS) and steer-by-wire technologies.
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1. X-By-Wire Systems Market Overview
1.1 Definitions and Scope
2. X-By-Wire Systems Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By System Type
2.3 Key trends segmented by Geography
3. X-By-Wire Systems Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. X-By-Wire Systems Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. X-By-Wire Systems Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. X-By-Wire Systems Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. X-By-Wire Systems Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. X-By-Wire Systems Market – By System Type (Market Size -$Million/Billion)
8.1 Shift by Wire Systems
8.2 Throttle by Wire Systems
8.3 Suspension by Wire Systems
8.4 Park by Wire Systems
8.5 Others
9. X-By-Wire Systems Market - By Geography (Market Size -$Million/Billion)
9.1 North America
9.1.1 U.S
9.1.2 Canada
9.1.3 Mexico
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Chile
9.2.4 Colombia
9.2.5 Others
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Netherlands
9.3.8 Others
9.4 APAC
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Australia
9.4.6 Indonesia
9.4.7 Malaysia
9.4.8 Others
9.5 RoW
9.5.1 Middle East
9.5.2 Africa
10. X-By-Wire Systems Market - Market Entropy
10.1 New product launches
10.2 M&A's, collaborations, JVs and partnerships
11. X-By-Wire Systems Market – Industry Competitive Landscape (Premium)
11.1 Market Share – Global
11.2 Market Share by Region
11.3 Market Share By System Type
12. X-By-Wire Systems Market – Key Company List by Country Premium Premium (Premium)
13. X-By-Wire Systems Market - Company Analysis
13.1 Company 1
13.2 Company 2
13.3 Company 3
13.4 Company 4
13.5 Company 5
13.6 Company 6
13.7 Company 7
13.8 Company 8
13.9 Company 9
13.10 Company 10
LIST OF TABLES
1.Global Market Analysis By System Type Market 2023-2030 ($M)1.1 Automotive X-By-Wire Systems Market Market 2023-2030 ($M) - Global Industry Research
1.1.1 Passenger Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
1.1.2 Commercial Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
1.2 Shift-By-Wire Systems Market Market 2023-2030 ($M) - Global Industry Research
1.2.1 Market Analysis By Region Market 2023-2030 ($M)
1.2.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
1.3 Throttle-By-Wire Systems Market Market 2023-2030 ($M) - Global Industry Research
1.3.1 Market Analysis By Region Market 2023-2030 ($M)
1.3.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
1.4 Suspension-By-Wire Systems Market Market 2023-2030 ($M) - Global Industry Research
1.4.1 Market Analysis By Region Market 2023-2030 ($M)
1.4.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
1.5 Park-By-Wire Systems Market Market 2023-2030 ($M) - Global Industry Research
1.5.1 Market Analysis By Region Market 2023-2030 ($M)
1.5.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
2.Global Market Analysis By System Type Market 2023-2030 (Volume/Units)
2.1 Automotive X-By-Wire Systems Market Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Passenger Vehicles X-By-Wire Systems Market Market 2023-2030 (Volume/Units)
2.1.2 Commercial Vehicles X-By-Wire Systems Market Market 2023-2030 (Volume/Units)
2.2 Shift-By-Wire Systems Market Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Market Analysis By Region Market 2023-2030 (Volume/Units)
2.2.2 Market Analysis By Vehicle Type Market 2023-2030 (Volume/Units)
2.3 Throttle-By-Wire Systems Market Market 2023-2030 (Volume/Units) - Global Industry Research
2.3.1 Market Analysis By Region Market 2023-2030 (Volume/Units)
2.3.2 Market Analysis By Vehicle Type Market 2023-2030 (Volume/Units)
2.4 Suspension-By-Wire Systems Market Market 2023-2030 (Volume/Units) - Global Industry Research
2.4.1 Market Analysis By Region Market 2023-2030 (Volume/Units)
2.4.2 Market Analysis By Vehicle Type Market 2023-2030 (Volume/Units)
2.5 Park-By-Wire Systems Market Market 2023-2030 (Volume/Units) - Global Industry Research
2.5.1 Market Analysis By Region Market 2023-2030 (Volume/Units)
2.5.2 Market Analysis By Vehicle Type Market 2023-2030 (Volume/Units)
3.North America Market Analysis By System Type Market 2023-2030 ($M)
3.1 Automotive X-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Passenger Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
3.1.2 Commercial Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
3.2 Shift-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Market Analysis By Region Market 2023-2030 ($M)
3.2.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
3.3 Throttle-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
3.3.1 Market Analysis By Region Market 2023-2030 ($M)
3.3.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
3.4 Suspension-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
3.4.1 Market Analysis By Region Market 2023-2030 ($M)
3.4.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
3.5 Park-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
3.5.1 Market Analysis By Region Market 2023-2030 ($M)
3.5.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
4.South America Market Analysis By System Type Market 2023-2030 ($M)
4.1 Automotive X-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Passenger Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
4.1.2 Commercial Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
4.2 Shift-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Market Analysis By Region Market 2023-2030 ($M)
4.2.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
4.3 Throttle-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
4.3.1 Market Analysis By Region Market 2023-2030 ($M)
4.3.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
4.4 Suspension-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
4.4.1 Market Analysis By Region Market 2023-2030 ($M)
4.4.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
4.5 Park-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
4.5.1 Market Analysis By Region Market 2023-2030 ($M)
4.5.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
5.Europe Market Analysis By System Type Market 2023-2030 ($M)
5.1 Automotive X-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Passenger Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
5.1.2 Commercial Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
5.2 Shift-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Market Analysis By Region Market 2023-2030 ($M)
5.2.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
5.3 Throttle-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Market Analysis By Region Market 2023-2030 ($M)
5.3.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
5.4 Suspension-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
5.4.1 Market Analysis By Region Market 2023-2030 ($M)
5.4.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
5.5 Park-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
5.5.1 Market Analysis By Region Market 2023-2030 ($M)
5.5.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
6.APAC Market Analysis By System Type Market 2023-2030 ($M)
6.1 Automotive X-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Passenger Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
6.1.2 Commercial Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
6.2 Shift-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Market Analysis By Region Market 2023-2030 ($M)
6.2.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
6.3 Throttle-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Market Analysis By Region Market 2023-2030 ($M)
6.3.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
6.4 Suspension-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
6.4.1 Market Analysis By Region Market 2023-2030 ($M)
6.4.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
6.5 Park-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
6.5.1 Market Analysis By Region Market 2023-2030 ($M)
6.5.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
7.MENA Market Analysis By System Type Market 2023-2030 ($M)
7.1 Automotive X-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Passenger Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
7.1.2 Commercial Vehicles X-By-Wire Systems Market Market 2023-2030 ($M)
7.2 Shift-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Market Analysis By Region Market 2023-2030 ($M)
7.2.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
7.3 Throttle-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Market Analysis By Region Market 2023-2030 ($M)
7.3.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
7.4 Suspension-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
7.4.1 Market Analysis By Region Market 2023-2030 ($M)
7.4.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
7.5 Park-By-Wire Systems Market Market 2023-2030 ($M) - Regional Industry Research
7.5.1 Market Analysis By Region Market 2023-2030 ($M)
7.5.2 Market Analysis By Vehicle Type Market 2023-2030 ($M)
LIST OF FIGURES
1.US X-by-wire Systems Market Revenue, 2023-2030 ($M)2.Canada X-by-wire Systems Market Revenue, 2023-2030 ($M)
3.Mexico X-by-wire Systems Market Revenue, 2023-2030 ($M)
4.Brazil X-by-wire Systems Market Revenue, 2023-2030 ($M)
5.Argentina X-by-wire Systems Market Revenue, 2023-2030 ($M)
6.Peru X-by-wire Systems Market Revenue, 2023-2030 ($M)
7.Colombia X-by-wire Systems Market Revenue, 2023-2030 ($M)
8.Chile X-by-wire Systems Market Revenue, 2023-2030 ($M)
9.Rest of South America X-by-wire Systems Market Revenue, 2023-2030 ($M)
10.UK X-by-wire Systems Market Revenue, 2023-2030 ($M)
11.Germany X-by-wire Systems Market Revenue, 2023-2030 ($M)
12.France X-by-wire Systems Market Revenue, 2023-2030 ($M)
13.Italy X-by-wire Systems Market Revenue, 2023-2030 ($M)
14.Spain X-by-wire Systems Market Revenue, 2023-2030 ($M)
15.Rest of Europe X-by-wire Systems Market Revenue, 2023-2030 ($M)
16.China X-by-wire Systems Market Revenue, 2023-2030 ($M)
17.India X-by-wire Systems Market Revenue, 2023-2030 ($M)
18.Japan X-by-wire Systems Market Revenue, 2023-2030 ($M)
19.South Korea X-by-wire Systems Market Revenue, 2023-2030 ($M)
20.South Africa X-by-wire Systems Market Revenue, 2023-2030 ($M)
21.North America X-by-wire Systems By Application
22.South America X-by-wire Systems By Application
23.Europe X-by-wire Systems By Application
24.APAC X-by-wire Systems By Application
25.MENA X-by-wire Systems By Application
26.Continental AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.CTS Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Curtis-Wright Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Infineon Technologies AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Jaguar Land-Rover Automotive PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Nissan Motor Co., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Orscheln Products LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.TRW Automotive PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.ZF Friedrichshafen AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)