The automotive x-by-wire system market is anticipated to grow at a significant CAGR of 33.0% during the forecast period (2022-2028). One of the most important safety systems in automobiles is the x-by-wire system. It refers to the electronic replacement of mechanical or hydraulic systems in a vehicle, such as braking and steering. By employing electronically controlled motors to change the direction of the wheels and offer feedback to the driver, it attempts to erase the physical link between the steering wheel and the wheels of an automobile. Increased integration of these vehicular systems in cars, as well as increased vehicle electrification in the automotive industry, are likely to enhance the market. Increased use of advanced features in vehicles, such as self-driving, cruise control, automatic transmission, lane departure warning systems, and other monitoring systems, is also expected to boost demand for automotive x-by-wire systems, particularly in terms of throttle, suspension, braking, and gear shift.
The global automotive x-by-wire system market is segmented based on type and vehicle type. Based on the type, the market is sub-segmented into throttle-by-wire systems, brake-by-wire systems, steer-by-wire systems, park-by-wire systems, and shift-by-wire systems. Among these types, the throttle-by-wire systems segment is expected to propel the growth of the market. Throttle-by-wire is gaining traction due to its number of advantages over traditional mechanical systems, including the elimination of binding problems in mechanical linkages, improved fuel economy, the ability to deploy a modular system, and the ability for the ECU to integrate torque management with cruise control, traction control, and stability control. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, Torc Robotics launched its expansion to Austin to improve the commercialization of autonomous trucks. The Austin facility is spread over 21,000 sq. ft. Similarly, in October 2021, Nexteer launched MCEPS, a modular column that assists the electric power steering system. This system is cost-effective and flexible, meeting a wide range of OEM requirements.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Nissan Motor Corp., Groupe PSA, Nexteer Automotive, Infineon Technologies AG, JTEKT Corp., ZF Friedrichshafen AG, Orscheln Products LLC, Tesla Inc., Audi AG, Torc Robotics, Lokar Performance Products, and Robert Bosch GmBH, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Automotive X-by-Wire System Market Report by Segment
By Type
- Throttle-by-wire System
- Brake-by-wire System
- Steer-by-wire System
- Park-by-wire System
- Shift-by-wire System
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
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