X-by-Wire Systems Market

Global X-by-Wire Systems Market (2023 to 2029)

The global x-by-wire systems market is expected to be valued at USD 134.8134 million in 2024 and is expected to reach a valuation of USD 258.7757 million by 2029 and is predicted to register a CAGR of 13.93% during the forecast period (2024 to 2029).

 X-by-wire systems have eliminated the use of traditional components, such as the steering column, intermediate shafts, hoses, master cylinders, pumps, belts, coolers, and vacuum servos.

The application of X-by-wire helps reduce the weight of vehicles by making them much lighter. This system helps to improve the fuel efficiency of the car and also reduces the vehicle's emission levels. The use of X-by-wire enhances response time by eliminating the mechanical link. All of these factors contribute positively to market growth.

REPORT COVERAGE

 KEY PLAYERS IN THE GLOBAL X-BY-WIRE SYSTEMS MARKET

Continental AG, Curtis Wright Corp., Jaguar Land-Rover Automotive Plc, Orscheln Products LLC, ZF Friedrichshafen AG, Bosch Engineering GmbH, Danaher Motion, Mobil Elektronik GmbH, SKF Group, CTS Corp, Infineon Technologies AG, Nissan Motor Co., TRW Automotive Plc., PSA Peugeot Citroen, Citroën, LORD Corporation, Ognibene SpA, TORC Technologies. Some of the major key players are involved in the global x-by-system market.

RECENT HAPPENINGS IN THE MARKET

• The role of software in vehicles, especially in the critical sense of safety, is changing rapidly. Nexteer software plays a key role, including cybersecurity, in its products, such as cable management (SbW) and power steering (EPS) systems.
• Nexteer also formed a joint venture with Dongfeng Motor Parts and Components Group Co., Ltd. in China, which is expected to further boost the market for cable connection systems in the country.
• On June 13, 2018, Magna announced its partnership with May Mobility, an emerging company based in Ann Arbor, Michigan, to manufacture automated ferries to modernize and expand its unique fleet of low-speed electric ferries. They were launched on the US market on June 26, 2018.
• With the transition from automated systems to level 5, the steering wheel is expected to become redundant, prompting JTEKT Corp., the world's largest management solutions provider, to stimulate the development of cable management systems, which breaks the link. Mechanic between the driver. And the wheels.
• These systems convert steering wheel movements (or, in the case of fully automated vehicles, sensor inputs) into electronic signals, which control the electric motors to move the wheels.

DETAILED SEGMEMTATION OF THE GLOBAL X-BY-WIRE SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global x-by-wire systems market has been segmented and sub-segmented based on system type, vehicle type and region.

By System Type

• Shift-by-Wire
• Throttle-by-Wire
• Active Suspension
• Electronic Park Brake
• Fly-by-Wire
• Other-by-Wire Technologies

By Vehicle Type

• Passenger
• Commercial

 By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa