X-by-wire Systems market is anticipated to grow at a CAGR of 8.8% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for medium-duty electric vehicle applications across the globe. The spicer electrified zero-6 e-transmissions for medium-duty electric vehicles are designed for a specific market sector. This specialization indicates the industry’s ability to adapt to varied applications and changing mobility needs. For instance, in May 2023, Dana Incorporated launched an expansion of its Spicer Electrified e-Powertrain offerings to include a family of e-Transmissions for a wide variety of medium-duty electric-vehicle applications. The spicer Electrified Zero-6 e-Transmissions improve operating range and vehicle performance for applications that are most suitable to a central drive e-Propulsion system with a conventional axle and driveshaft arrangement.
Get Free Sample link @ https://www.omrglobal.com/request-sample/x-by-wire-systems-market
Among the Type, the brake-by-wire system sub-segment is expected to hold a considerable share of the global X-by-wire Systems market. The segmental growth is attributed to the increasing demand for electromechanical brake design. The transition to an electromechanical brake design signifies an evolution from conventional hydraulic systems. This development demonstrates the industry’s dedication to adopting breakthrough technologies that provide precise control and reactivity, it paving the way for improved safety features. For instance, in November 2023, ZF developed an electric brake-by-wire system for future software-defined vehicles. The new brake system is essentially electromechanical, with electric motors at each wheel providing braking power. This eliminates the demand for traditional hydraulic systems and braking solutions.
full report of X-by-wire Systems Market available @ https://www.omrglobal.com/industry-reports/x-by-wire-systems-market
- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global X-by-wire Systems Market Report Segment
By Route of Administration
- Throttle-by-wire System
- Brake-by-wire System
- Steer-by-wire System
- Park-by-wire System
- Shift-by-wire System
- Others (Drive-by-Wire Systems, and Clutch-by-Wire Systems)
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Others (Electric Vehicles (EVs) and Hybrid Vehicles,
- and Off-road Vehicles)
Global X-by-wire Systems Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global x-by-wire systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/x-by-wire-systems-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404