[282 Pages] Future Market Insights (FMI) has projected the global X-by-wire market to grow with year-on-year value growth of 13.9% in 2022 reaching a value of about US$ 39 Bn by 2022 end.
| Attribute | Details |
|---|---|
| Global X-by-wire market Analysis (2021A) | US$ 34,213.3 million |
| Global X-by-wire market Analysis Estimated Year Value (2022E) | US$ 38,958.8 million |
| Global X-by-wire market Analysis Projected Year Value (2027F) | US$ 81,993.0 million |
| Value CAGR (2022-2027) | 16.0% |
| Collective Value Share: Top 3 Countries (2022E) | 55.6% |
In X-by-Wire technology, electrical components like control units, motors, actuators, sensors, and others replace mechanical linkages. The usage of these devices lowers vehicle's overall weight and makes it lighter. Vehicle controls such as throttle, steering, brakes, shifting, and clutch are frequently replaced by X-by-wire.
Electronic components and circuits are becoming more popular due to their technical qualities which allow for a wide range of integrated functions and features while also lowering vehicle weight. Other goals in developing new forms of transportation include reducing engine size, replacing mechanical components with electrical devices, electronically conveying request information and building integrated control systems. Global market is projected to witness a value CAGR of 16% during the period 2022 and 2027.
FMI has identified APEJ to be a key market for X-by-wire over the forecast period owing to increasing adoption of X-by-wire in premium and luxury vehicles. The region is estimated to witness a value CAGR of 17.5% during the forecast period.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 13.2% |
| H1,2022 Projected (P) | 13.9% |
| H1,2022 Outlook (O) | 14.4% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 53 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 125 ↑ |
Future Market Insights presents a comparison and review analysis of the dynamics of the X by wire market, which is principally associated with their technical capabilities, which enable a wide range of integrated functions and features while also reducing vehicle weight, electronic components and circuits are growing in popularity.
Reducing engine size, swapping out mechanical parts for electrical ones, electronically transmitting request information, and creating integrated control systems are further objectives in the development of new modes of transportation.
As per FMI analysis, the difference between the BPS values identified in the X by wire market in H1, 2022 - Outlook over H1, 2022 Projected shows a rise of 53 units. Notably, compared to H1, 2021, the market is estimated to rise by 125 BPS in H1 -2022.
The key reason for this change in growth rate is due to automakers' focus on improving fuel economy and lowering emissions. The market for automotive X-by-wire systems is anticipated to rise as a result of the development of advanced driver support systems and rising levels of vehicle automation.
Demand for X-by-wire is expected to rise as a result of the expanding automotive sector and the quick uptake of expensive, high-tech items. Many passenger automobiles and commercial vehicles come with cutting-edge braking systems including ABS, brake by wire, and other safety features. Significant sales of sports and luxury vehicles also influence the market's propensity to accept cutting-edge technology.
The growing automotive industry and rapid penetration of technologically advanced and high-cost products is anticipated to increase the demand for X-by-wire. A large share of passenger cars and commercial vehicles are equipped with advanced brake technologies, such as ABS, brake by wire and other safety systems. Furthermore, significant sales of sports and luxury vehicles make the market more inclined towards the acceptance of advanced technologies.
With the success of fly-by-wire technology in the aerospace industry, the focus is now being laid on developing X-by-wire technologies for passenger cars and commercial vehicles.
The demand for X-by-wire system increased at a significant CAGR of 11% in terms of value from 2012 to 2021. Though there was a slump in 2020 but market recovered in 2021 and projected to grow at a substantial growth rate during the forecast period.
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Advanced control technologies such as radar, laser, GPS, computer vision, and others are required for a driverless car or unmanned ground vehicle that can sense and navigate without human intervention. The elimination of mechanical links and the use of computer-controlled technologies like as brake by wire, steer by wire, suspension by wire, and shift by wire are all required for driverless transportation.
Tesla, General Motors, Uber, Google, BMW, Volvo, Nissan, Ford, and other technology suppliers and automakers are either developing or have expressed an interest in developing self-driving cars.
Furthermore, many automotive companies are expected to work on autonomous technology, which will function as a driving force for the X-by-wire market. Likewise, focus on urban mobility is compelling automakers to implement new technologies and change the way transportation services are organized and delivered. Technologies such as steer-by-wire, brake-by-wire, and drive-by-wire will play a key role in constructing future urban mobility and subsequently enhancing the X-by-wire market.
The material composition and manufacturing process associated with X-by-wire technologies results in the high cost of end products, which is a major factor restraining the adoption of new and innovative safety systems and products among pocket friendly economy cars. In the existing competitive automotive industry, the cost is a major differentiating factor.
Preference for low-cost alternatives is a significant trend in the market, which is expected to significantly affect the adoption of advanced technologies and also affect market growth negatively.
There has been continuous debate in the market over the reliability of X-by-wire systems. End users are worried about the malfunctioning of electronic control units and sensors that can lead to road accidents. Regulatory authorities see mechanical systems to be more failsafe than electronic systems.
X-by-wire systems are complex in nature and further, existing concerns regarding their reliability and durability are anticipated to impede the adoption rate of X by-wire technologies.
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Emergence of COVID-19 in 2020 had a massive impact on the global economy. A reduction in demand in a number of industries, as well as supply chain problems, had damaged the global industry. Furthermore, due to extensive lockdowns and movement restrictions, economic activity had come to a halt.
The closure of automotive production plants had an impact on X-by-wire growth rate in 2020. The drop in vehicle sales had a significant impact on the global X-by-wire sales, but it will undoubtedly expand in the coming years as the need for advanced technology products grows.
The U.S. is estimated to account for 82.3% of the North America X-by-wire market in 2022 and projected to remain above 80% throughout the forecast period. In the U.S., automobile utilization is rapidly expanding and hybrid vehicles are expected to grow in popularity in the coming years. Similarly, expansions of automotive industry as well as a growing demand from luxury and premium vehicles are driving X-by-wire sales in the U.S. In addition, the region is supporting the growing demand for electric vehicles, which will boost the market for X-by-wire systems.
Germany is playing a significant role in the growth of the Western Europe X-by-wire market as the country is the prominent supplier of X-by-wire. The replacement of mechanical elements by electronic systems also helps to make vehicles lighter, boosting fuel efficiency is the topmost requirement around the world. The factors such as advanced technology and vehicle weight loss are driving the market. Major X-by-wire system manufacturers are creating new technology for the future and forming agreements with other players to stay ahead in the market and give the safest experience to vehicle owners. The market in Germany is estimated to dominate the Western Europe X-by-wire market throughout the forecast period with a 14.3% CAGR in terms of value.
Between 2022 and 2027, China is estimated to grow at a value CAGR of 17.5% percent. China is a major market for automobile manufacturers due to the growing population and need for personal vehicles. Furthermore, the government has implemented scrappage incentive programs, which encourage customers to acquire new automobiles which boosting the overall market growth. The luxury car industry in China has plenty of room to develop and it is projected to overtake the U.S. as the top market by the end of 2026. Despite the country’s rise, mature markets like the U.S. and Europe remain essential target countries. The X-by-wire market in China will undoubtedly grow in the next 10 years.
Throttle-by-wire is projected to create an absolute dollar opportunity of more than US$ 25 Bn during the period of 2022 to 2027. Technology such as throttle-by-wire has seen significant adoption in the recent past and is in a stage of healthy growth as part of the product life cycle. In recent years, throttle-by-wire has gained significant use among luxury and premium vehicles.
The passenger car segment is projected to create an absolute dollar opportunity of more than US$ 33 Bn from 2022 to 2027. With increasing urbanization and a rising population, the demand for passenger cars is rising steeply. Similarly, rising purchasing power and demand for driving comfort will boost X-by-wire use in the coming years. A substantial percentage of passenger cars are equipped with advanced braking technologies such as ABS, brake-by-wire, and other safety systems.
Over the past few years, an increment in the number of joint ventures and expansion activities has been witnessed to improve the supply of X-by-wire. Several key players are also focusing on improving the efficiency of X-by-wire for various applications. The emergence of various manufacturers had also been witnessed in global businesses, especially in China, U.S. and India.
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The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2027 |
| Historical Data Available for | 2012 to 2021 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Western Europe; Eastern Europe; Latin America; Asia Pacific Excluding Japan; Middle East and Africa; and Japan |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Russia, Poland, Germany, Italy, France, UK, Spain, BENELUX, China, India, ASEAN, ANZ, South Africa, and Turkey |
| Key Segments Covered | By Technology, By Vehicle Type, By Region |
| Key Companies Profiled | Continental AG; Kongsberg Automotive; Curtiss-Wright Corporation; ZF Friedrichshafen AG; Nissan Motor Co., Ltd.; Robert Bosch GmbH; SKF AB; Denso Corporation; Ficosa International SA; ThyssenKrupp AG; Orscheln Products LLC; KSR International Co.; DURA Automotive System; LORD Corporation; Mobil Elektronik GmbH; JTEKT Corp. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The x-by-wire market was worth around US$ 38,958.8 million in 2022.
The x-by-wire market is slated to thrive at 16% CAGR through 2027.
The x-by-wire market is predicted to reach a US$ 81,993 million valuation by 2027.
The throttle-by-wire technology segment is predicted to worth more than US$ 25 billion by 2027.
The passenger car segment leads the market, worth US$ 33 billion by 2027.
China’s x-by-wire market is predicted to showcase a 17.5% CAGR through 2027.
Germany is estimated to expand at a 14.3% CAGR in the Western Europe x-by-wire market.
1 Executive Summary 1.1 Market Overview 1.2 Market Dynamics 1.3 Market Analysis 1.4 FMI Analysis and Recommendations 1.5 Wheel of Fortune 2 Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 3 Market Viewpoint 3.1 Automotive Industry Outlook 3.1.1 Automotive Production by Manufacturer 3.1.2 Automotive Production by Region 3.1.3 Vehicle Park Outlook by Region 3.1.4 Electric Vehicle Production Outlook by Region 3.2 Automotive Industry- Technology Landscape 3.3 Macro-Economic Factors 3.3.1 Global Population Growth Rate 3.3.2 Global GDP Change 3.3.3 Energy Intensity, per capita GDP and Population Growth 3.3.4 Regional GDP Outlook 3.4 Market Dynamics 3.4.1 North America 3.4.2 Latin America 3.4.3 Europe 3.4.4 Asia Pacific 3.4.5 Middle East and Africa 4 Global X-by-Wire Market Analysis and Forecast 4.1 Introduction 4.1.1 Product Life Cycle Assessment 4.1.2 Patent Analysis 4.2 Steer-by-Wire Market Forecast 4.2.1 Market Volume (units) Projection, 2021-2027 4.2.2 Market Volume growth (%), 2022-2027 4.3 X-by-Wire Market Forecast 4.3.1 Market Volume (‘000 Units)Projections 4.3.2 Market Size (US$ Mn) and Y-o-Y Growth 4.3.3 Absolute $ Opportunity Analysis 5 Forecast Factors: Relevance and Impact 6 Global X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027, By Technology 6.1 Introduction / Key Findings 6.2 Historical Market Size (US$ Mn) and Volume Trend Analysis By Probe Type, 2012 -2021 6.3 Current Market Size (US$ Mn) and Volume Forecast By Probe Type, 2022–2027 6.3.1 Throttle by wire 6.3.2 Shift by wire 6.3.3 Brake by wire 6.3.4 Suspension by wire 6.3.5 Park by wire 6.4 Market Attractiveness Analysis By Probe Type 7 Global X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027, By Vehicle Type 7.1 Introduction / Key Findings 7.2 Historical Market Size (US$ Mn) and Volume Trend Analysis By Transmission, 2012 -2021 7.3 Current Market Size (US$ Mn) and Volume Forecast By Transmission, 2022–2027 7.3.1 Passenger Car 7.3.2 Commercial Vehicle 7.4 Market Attractiveness Analysis By Transmission 8 Global X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 By Region 8.1 Introduction 8.2 Historical Market Size (US$ Mn) and Volume Analysis By Region, 2012 – 2021 8.3 Current Market Size (US$ Mn) and Volume Forecast By Region, 2022 – 2027 8.3.1 North America 8.3.2 Western Europe 8.3.3 Eastern Europe 8.3.4 Latin America 8.3.5 APEJ 8.3.6 MEA 8.3.7 Japan 8.4 Market Attractiveness Analysis By Region 9 North America X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 9.1 Introduction 9.2 Pricing Analysis 9.3 Regional Market Dynamics 9.3.1 Drivers 9.3.2 Restraints 9.3.3 Trends 9.4 Historical Market Size (US$ Mn) and Volume (‘000 Units)Trend Analysis By Taxonomy, 2012-2021 9.4.1 By Country 9.4.2 By Technology 9.4.3 By Vehicle Type 9.5 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Country, 2022–2027 9.5.1 U.S. 9.5.2 Canada 9.6 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Technology, 2022–2027 9.6.1 Throttle by wire 9.6.2 Shift by wire 9.6.3 Brake by wire 9.6.4 Suspension by wire 9.6.5 Park by wire 9.7 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Vehicle Type , 2022–2027 9.7.1 Passenger Car 9.7.2 Commercial Vehicle 9.8 Drivers and Restraints: Impact Analysis 9.9 Market Attractiveness Analysis 9.9.1 By Country 9.9.2 By System Type 9.9.3 By Vehicle System Type 9.10 Key Representative Market Participants 9.11 Market Presence (Intensity Map) 10 Latin America X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 10.1 Introduction 10.2 Pricing Analysis 10.3 Regional Market Dynamics 10.3.1 Drivers 10.3.2 Restraints 10.3.3 Trends 10.4 Historical Market Size (US$ Mn) and Volume (‘000 Units)Trend Analysis By Taxonomy, 2012-2021 10.4.1 By Country 10.4.2 By Technology 10.4.3 By Vehicle Type 10.5 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Country, 2022–2027 10.5.1 Brazil 10.5.2 Mexico 10.5.3 Rest of Latin America 10.6 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Technology, 2022–2027 10.6.1 Throttle by wire 10.6.2 Shift by wire 10.6.3 Brake by wire 10.6.4 Suspension by wire 10.6.5 Park by wire 10.7 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Vehicle Type , 2022–2027 10.7.1 Passenger Car 10.7.2 Commercial Vehicle 10.8 Drivers and Restraints: Impact Analysis 10.9 Market Attractiveness Analysis 10.9.1 By Country 10.9.2 By System Type 10.9.3 By Vehicle System Type 10.10 Key Representative Market Participants 10.11 Market Presence (Intensity Map) 11 Western Europe X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 11.1 Introduction 11.2 Pricing Analysis 11.3 Regional Market Dynamics 11.3.1 Drivers 11.3.2 Restraints 11.3.3 Trends 11.4 Historical Market Size (US$ Mn) and Volume (‘000 Units)Trend Analysis By Taxonomy, 2012-2021 11.4.1 By Country 11.4.2 By Technology 11.4.3 By Vehicle Type 11.5 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Country, 2022–2027 11.5.1 Brazil 11.5.2 Mexico 11.5.3 Rest of Latin America 11.6 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Technology, 2022–2027 11.6.1 Throttle by wire 11.6.2 Shift by wire 11.6.3 Brake by wire 11.6.4 Suspension by wire 11.6.5 Park by wire 11.7 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Vehicle Type , 2022–2027 11.7.1 Passenger Car 11.7.2 Commercial Vehicle 11.8 Drivers and Restraints: Impact Analysis 11.9 Market Attractiveness Analysis 11.9.1 By Country 11.9.2 By System Type 11.9.3 By Vehicle System Type 11.10 Key Representative Market Participants 11.11 Market Presence (Intensity Map) 12 Eastern Europe X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 12.1 Introduction 12.2 Pricing Analysis 12.3 Regional Market Dynamics 12.3.1 Drivers 12.3.2 Restraints 12.3.3 Trends 12.4 Historical Market Size (US$ Mn) and Volume (‘000 Units)Trend Analysis By Taxonomy, 2012-2021 12.4.1 By Country 12.4.2 By Technology 12.4.3 By Vehicle Type 12.5 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Country, 2022–2027 12.5.1 Russia 12.5.2 Poland 12.5.3 Rest of Eastern Europe 12.6 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Technology, 2022–2027 12.6.1 Throttle by wire 12.6.2 Shift by wire 12.6.3 Brake by wire 12.6.4 Suspension by wire 12.6.5 Park by wire 12.7 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Vehicle Type , 2022–2027 12.7.1 Passenger Car 12.7.2 Commercial Vehicle 12.8 Drivers and Restraints: Impact Analysis 12.9 Market Attractiveness Analysis 12.9.1 By Country 12.9.2 By System Type 12.9.3 By Vehicle System Type 12.10 Key Representative Market Participants 12.11 Market Presence (Intensity Map) 13 Asia Pacific Excl. Japan (APEJ) X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 13.1 Introduction 13.2 Pricing Analysis 13.3 Regional Market Dynamics 13.3.1 Drivers 13.3.2 Restraints 13.3.3 Trends 13.4 Historical Market Size (US$ Mn) and Volume (‘000 Units)Trend Analysis By Taxonomy, 2012-2021 13.4.1 By Country 13.4.2 By Technology 13.4.3 By Vehicle Type 13.5 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Country, 2022–2027 13.5.1 China 13.5.2 India 13.5.3 ASEAN 13.5.4 Australia and New Zealand 13.5.5 Rest of APEJ 13.6 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Technology, 2022–2027 13.6.1 Throttle by wire 13.6.2 Shift by wire 13.6.3 Brake by wire 13.6.4 Suspension by wire 13.6.5 Park by wire 13.7 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Vehicle Type , 2022–2027 13.7.1 Passenger Car 13.7.2 Commercial Vehicle 13.8 Drivers and Restraints: Impact Analysis 13.9 Market Attractiveness Analysis 13.9.1 By Country 13.9.2 By System Type 13.9.3 By Vehicle System Type 13.10 Key Representative Market Participants 13.11 Market Presence (Intensity Map) 14 Middle East and Africa (MEA) X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 14.1 Introduction 14.2 Pricing Analysis 14.3 Regional Market Dynamics 14.3.1 Drivers 14.3.2 Restraints 14.3.3 Trends 14.4 Historical Market Size (US$ Mn) and Volume (‘000 Units)Trend Analysis By Taxonomy, 2012-2021 14.4.1 By Country 14.4.2 By Technology 14.4.3 By Vehicle Type 14.5 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Country, 2022–2027 14.5.1 Brazil 14.5.2 Mexico 14.5.3 Rest of Latin America 14.6 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Technology, 2022–2027 14.6.1 Throttle by wire 14.6.2 Shift by wire 14.6.3 Brake by wire 14.6.4 Suspension by wire 14.6.5 Park by wire 14.7 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Vehicle Type , 2022–2027 14.7.1 Passenger Car 14.7.2 Commercial Vehicle 14.8 Drivers and Restraints: Impact Analysis 14.9 Market Attractiveness Analysis 14.9.1 By Country 14.9.2 By System Type 14.9.3 By Vehicle System Type 14.10 Key Representative Market Participants 14.11 Market Presence (Intensity Map) 15 Japan X-by-Wire Market Analysis 2012–2021 and Forecast 2022–2027 15.1 Introduction 15.2 Pricing Analysis 15.3 Regional Market Dynamics 15.3.1 Drivers 15.3.2 Restraints 15.3.3 Trends 15.4 Historical Market Size (US$ Mn) and Volume (‘000 Units)Trend Analysis By Taxonomy, 2012-2021 15.4.1 By Country 15.4.2 By Technology 15.4.3 By Vehicle Type 15.5 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Technology, 2022–2027 15.5.1 Throttle by wire 15.5.2 Shift by wire 15.5.3 Brake by wire 15.5.4 Suspension by wire 15.5.5 Park by wire 15.6 Current Market Size (US$ Mn) and Volume (‘000 Units)Forecast By Vehicle Type , 2022–2027 15.6.1 Passenger Car 15.6.2 Commercial Vehicle 15.7 Drivers and Restraints: Impact Analysis 15.8 Market Attractiveness Analysis 15.8.1 By Country 15.8.2 By System Type 15.8.3 By Vehicle System Type 15.9 Key Representative Market Participants 15.10 Market Presence (Intensity Map) 16 Competition Landscape 16.1 Competition Dashboard 16.2 Competition Deep dive (15 Companies) 16.2.1 Continental AG 16.2.2 Kongsberg Automotive 16.2.3 Curtiss-Wright Corporation 16.2.4 ZF Friedrichshafen AG 16.2.5 Nissan Motor Co., Ltd. 16.2.6 Robert Bosch GmbH 16.2.7 SKF AB 16.2.8 Denso Corporation 16.2.9 Ficosa International SA 16.2.10 ThyssenKrupp AG 16.2.11 Orscheln Products LLC 16.2.12 KSR International Co. 16.2.13 DURA Automotive System 16.2.14 LORD Corporation 16.2.15 Mobil Elektronik GmbH 16.2.16 JTEKT Corp.
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