Global Automotive
X-by-wire System Market size has shown greater CAGR in forecast years. The replacement of mechanical or hydraulic systems, such
as brakes or steering, by electronic systems/sensors is referred to as
X-by-Wire system. In the automotive or aviation industries, X-by-wire
technology refers to the use of electro-mechanical systems for carrying
out vehicle functions. Electrical components such as
control units, motors, actuators, sensors, and others replace mechanical
linkages in system, reducing the weight of the vehicle to significant levels. Automotive
X-by-wire takes the place of vehicle controls such the throttle, steering,
brakes, shifting, and clutch. Due to their advanced technical capabilities,
which enable a wide range of integrated functions and features while also
reducing vehicle weight, electronic components and circuits results in increasing
popularity of X-by-wire technology.
The electronic throttle
mechanism is substantially lighter, resulting in lesser weight in modern
automobiles. They are simpler to tune and maintain because a technician only
needs to connect it with a computer. When
compared to a stretchable cable, using a throttle by wire technology allows for
a more precise control of the throttle opening. A brake-by-wire system would
eliminate the need for hydraulics entirely, by employing motors to operate
calipers. A steer-by-wire system uses electric motors which are actuated
by Electronic Control Unit (ECU) to control the direction of the wheels. Based
on the driver's current input, the actuators inside the transmission are given
electronic commands that determine the vehicle's direction.
The sales of the
automotive sector decreased in 2020 and 2021 as a result of the COVID 19
outbreak. Most factories and assembly lines used in the production of
automobiles are affected by restrictions on the import of parts, hindering the
market's growth. According to the International Organization of Motor Vehicle
Manufacturers (OICA), global vehicle production decreased by 13% in 2021,
compared to 2019. Additionally, due to delay in investment in research and
development of x-by wire system affected the growth of the market. Moreover,
with advanced technology coming in the market growth of automotive X-by-wire system
market is anticipated to grow at greater rate.
Improving Vehicle Performance
and Fuel Efficiency
Governments and environmental
organizations worldwide have been continuously striving to reduce exhaust
emissions in response to growing environmental concerns. As a result,
automobile manufacturers have been aiming to improve efficiency of
vehicles, which can lead to significant reductions in CO2 emissions. The
addition of steer-by-wire, which stabilizes a vehicle in quick steering
movements, further enhances safety with automotive X-by-wire technology.
Additionally, proper regulation of the behavior of the engine and power
transmission in conjunction with other systems generates significant fuel
savings. Overall, it is projected that demand for the automotive X-by-wire
System would rise in the upcoming years due to the aforementioned factors.
Advancement In Research And
Development
With
advancement in technology considerable volume of moving parts in mechanically
linked cars is replaced with automotive X-by-wire technology's fewer moving
parts. Many organizations are improving effectiveness of automotive X-by-wire
Systems. ZF Friedrichshafen AG is one of the major producers of automotive
X-by-wire Systems for automobiles and investing in research and development of
the system. Such as in
2022, ZF's steer-by-wire technology to add additional security and convenience
features including parking in extremely limited places and automated emergency
avoidance actions. Additionally, this technology helps reduce the amount of
time spent on the manufacturing line, which is a huge benefit for automakers. This results in faster
production of vehicle with advanced features which further contributes to the
growth of global x-by wire system market.
High Cost of Components
Associated With The System
Drive-by-wire
is a costly system due to the addition of highly precise electronic components
to the engine as well as a replacement for the current mechanical linkage
framework.
Since the system is electrical and controlled by codes, even a small
modification in the program architecture could lead to dangers like
uncontrollable acceleration, failure in lane departure warning, and night vision
etc. Additionally, throttle position sensors are attached to the side of the
throttle plate in throttle-by-wire systems to provide precise readings. Furthermore, the market for shift-by-wire systems is
expanding along with the demand for automobiles with automatic transmissions. However,
integrating all these systems in vehicle increase the cost associated with the
system resulting in increasing overall cost of vehicle. Owing to above factors,
it is
anticipated that automotive X-by-wire System adoption would be slower in the
beginning then increases at significant rate as technology and cost
associated with the system improves.
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Market Segmentation
The global automotive
X-by-wire System Market is segmented by vehicle type, by
system type, and by region. On the basis of vehicle type, the market is segmented
into Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial
Vehicle. Based on system type it is divided into Park-By-Wire, Shift-By-Wire, Throttle-By-Wire,
Brake-By-Wire, Steer-By-Wire, Others. The market analysis also studies the
regional segmentation to devise regional market, divided among Asia-Pacific,
Europe & CIS, North America, South America, Middle East & Africa.
Company Profiles
Robert Bosch
GmbH, ZF Friedrichshafen AG, Nexteer Automotive Corporation, Torc Robotics LLC,
Orscheln Products LLC, Hitachi Ltd, Schaeffler AG, Curtiss-Wright Corporation,
Infineon Technologies AG, CTS Corporation are the key players developing
advanced technologies to stay competitive in the market and enhancing their
product portfolio in the regions to increase their customer outreach.
Attribute
|
Details
|
Base Year
|
2022
|
Historical Years
|
2018 – 2022
|
Estimated Year
|
2023
|
Forecast Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2028
|
Report Coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
Segments Covered
|
Vehicle Type
By System Type
By Region
|
Regional Scope
|
Asia-Pacific, North America, Europe, Middle East & Africa,
South America
|
Country Scope
|
United States, Canada, Mexico, United Kingdom, Germany, France,
Italy, Spain, Russia, Sweden, Belgium, Denmark, Netherland, China, Japan,
South Korea, India, Australia, Thailand, Israel, South Africa, Saudi Arabia,
United Arab Emirates, Argentina, Brazil, Colombia.
|
Key Companies Profiled
|
Robert Bosch GmbH, ZF Friedrichshafen AG, Nexteer Automotive
Corporation, Torc Robotics LLC, Orscheln Products LLC, Hitachi Ltd,
Schaeffler AG, Curtiss-Wright Corporation, Infineon Technologies AG, CTS
Corporation
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
|
Report Scope:
In this report, Global Automotive
X-by-wire System Market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Automotive X-by-wire System Market, By Vehicle Type:
- Passenger
Car
- Light
Commercial Vehicle
- Medium
& Heavy Commercial Vehicle
·
Automotive
X-by-wire System Market, By System Type:
- Park-By-Wire
- Shift-By-Wire
- Throttle-By-Wire
- Brake-By-Wire
- Steer-By-Wire
- Others
- Automotive X-by-wire System
Market,
By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Thailand
- Europe & CIS
- Germany
- Russia
- France
- Spain
- Italy
- United Kingdom
- Sweden
- Belgium
- Denmark
- Netherland
- South America
- Argentina
- Brazil
- Colombia
- Middle East and Africa