[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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X-by-Wire Market
