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X-by-Wire Systems Global Market to Reach $2.9 Billion by 2030: Focus on Vehicle Stability Control Fuels Engineering Interest in X-by-Wire
Global Market for X-By-Wire Systems
Dublin, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The "X-By-Wire Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for X-By-Wire Systems estimated at US$347.6 Million in the year 2022, is projected to reach a revised size of US$2.9 Billion by 2030, growing at a CAGR of 30.5% over the analysis period 2022-2030.
Throttle-by-Wire System, one of the segments analyzed in the report, is projected to record a 31.7% CAGR and reach US$1.6 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Steer-by-Wire System segment is readjusted to a revised 29.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $101.7 Million, While China is Forecast to Grow at 29% CAGR
The X-By-Wire Systems market in the U.S. is estimated at US$101.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$482 Million by the year 2030 trailing a CAGR of 29% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.7% and 26% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20.9% CAGR.
Select Competitors (Total 29 Featured) -
Continental AG
CTS Corporation
LORD Corporation
Mobil Elektronik GmbH
Orscheln Products LLC
RLP Engineering
Robert Bosch GmbH
SKF Group
TORC Robotics Inc.
ZF TRW
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Report Metrics:
Report Attribute | Details |
No. of Pages | 267 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $347.6 Million |
Forecasted Market Value (USD) by 2030 | $2900 Million |
Compound Annual Growth Rate | 30.4% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Automobile "Electronification": The Cornerstone for Growth of X-By Wire Systems
Recent Market Activity
X By Wire: Market Review
Market Outlook
Impact of Covid-19 and a Looming Global Recession
X-By-Wire Systems - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Focus on Lightweighting Fuels the X By Wire Trend
Focus on Vehicle Stability Control Fuels Engineering Interest in X by Wire
X by Wire: The Foundation for Driverless Cars
Design Flexibility Spurs Interest in X by Wire Systems
Trend Towards Auto Transmission Benefits Shift by Wire Transmission Systems
Drive-by-Wire: Primped As the Technology of the Future
Electronic Throttle Control: The Most Widely Used X-by-Wire System
Surging Interest in E-Mobility Paves the Way for X-by-Wire Systems
Component Manufacturers' Focus On X By Wire Research to Benefit Market Growth
ZF Friedrichshafen AG Remains Committed to Innovation in Auto Electronics
Continental to Develop Electronic Brake System
Robert Bosch Develops iBooster & eClutch
Siemens Focuses on Developing BbW & SbW Systems
Stable Automobile Production to Benefit Market Growth
Expanding Middle Class Population in Developing Countries Fuels Growth
Off-Highway Vehicles: A Major End-Use Sector for X-By-Wire Systems
Stringent Regulations Governing Dependability of Automotive Systems Dampen Market Growth
Rise in Vehicle Recalls Due to Failure of X-by-Wire Systems Aggravates Safety Concerns
Automotive Fiber Optics & Fault Tolerant Electronics & Communication: The Answer to Reliability Issues in X by Wire Systems
42Volt Bus: The Solution for High Power Requirements in Automobiles
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/pih010
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