[298 Pages Report] The transition in automotive industry is greatly attributed to factors such as increasing push for fuel efficiency, safety, reduced emissions and others. In addition to this, highly precise and accurate motion control is also in great demand in the automotive industry. One such market driven by these factors is of Drive/X-by-Wire systems.

Drive/X-by-Wire technology replaces the mechanical linkages with electrical components such as control units, motors, actuators, sensors, batteries and others. The application of these systems reduces the overall weight thus making the vehicle lighter. This reduction in weight not only improves the fuel economy but also reduces the emissions from the vehicle. Moreover, the use of sensors, motors and actuators aid in providing an accurate, precise and quick response as and when required by the driver thus enhancing the performance of the vehicle.

Over the coming years, fuel economy and emission levels are anticipated to remain the focal point of the automotive industry and will drive the X-by-Wire systems market, globally. The increasing demand for hybrid electric vehicles has proved to be an opportunistic market for Drive/X-by-Wire systems as their installation is much easier in these vehicles as well as it will increase the effective range of electric vehicles owing to their light weight.

The report provides insights and comprehensive analysis on the Drive-by-Wire systems market, qualitative as well as quantitative. This report covers the market drivers, restraints, opportunities market dynamics, competitive landscape, and other aspects in context with the Drive-by-Wire systems market. The key players playing a major role in the market have also been identified and profiled.

Scope of the Report

The report covers the automotive Drive-by-Wire systems market size in terms of volume in thousand units from 2012 to 2019. The automotive X-by-Wire systems market is segmented by system type (Throttle-by-Wire, Suspension-by-Wire, Shift-by-Wire, Park-by-Wire, and Others-by-Wire), vehicle type (Passenger vehicles and Commercial vehicles), and geography (Asia-Oceania, Europe, and North America), focusing on key countries in each region.

Automotive X-by-Wire Systems Market, by System Type, 2012-2019 (�000 Units)

Source: MarketsandMarkets Analysis

The global X-by-Wire Systems Market is estimated to have sold over 139.3 Million Units by 2019. Both park-by-wire and shift-by-wire segments of the market will maintain a healthy growth rate during the forecasting period. The Shift-By-Wire and Park-by-Wire system market in terms of volume is projected to grow at a healthy CAGR of 9.14% and 12.31% respectively, from 2014 to 2019.

Nowadays, the automotive industry is more inclined to use advanced technologies to increase the fuel efficiency, reduce the emission levels and to enhance the driving dynamics of the vehicle.

These by-Wire systems have evolved from the need to lower the weight of the vehicles which is achieved by eliminating the mechanical connections in a vehicle. These transitions took place due to several reasons such as the stringent emission norms by the European Union and EPA, increase in fuel efficiency norms by CAF� and other authorities in European region, different road safety norms and the highly competitive market. These factors prompted companies to invest extensively in the X-by-Wire technologies so as to comply with these norms as well as to reduce the production costs and increase the driving comfort for the buyers.

In Europe and North America, X-by-Wire systems are well-established and have a high penetration rate. The use of these systems is also growing significantly in the Asia-Pacific regions, due to the increase in the consumer purchasing power and their preference for better safety measures and the need for higher fuel efficiency of the vehicle. China, Germany, U.S. and Japan, are expected to be the largest market for these by-Wire systems. Developing countries such as Mexico and others are expected to show a high growth rate in the demand for these technologies by the automobile manufactures which can also be seen with the increasing production of X-by-Wire systems during the years 2014 to 2019.

The global automotive X-by-Wire systems market is dominated by players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.), TRW Automotive (U.S.), Nissan Motor Corporation (Japan), and P.S.A Citroen (France).

Automotive X-by-Wire System Market Size, by Systems Type, 2014-2019 (�000 Units)

Source: MarketsandMarkets Analysis