A recent report published by
Infinium Global Research on x-by-wire system market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
x-by-wire system market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional x-by-wire system
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global x-by-wire
system market. According to the report, the global x-by-wire system market is
projected to grow at a CAGR of 13.8% over the forecast period of 2019-2025.
The increasing demand for fuel efficiency, safety, and reduced
emissions is significantly changing the automotive industry. Moreover, the growing demand
for highly precise and accurate motion control in the automotive industry is
also been observed in recent years. One of these markets driven by such factors
is of drive/x-by-wire systems.
The rising concerns regarding emission levels drive the growth of
the x-by-wire system market. Features of the x-by-wire systems such as better
fuel efficiency, enhanced automotive electronics, and improved safety
contribute to the growth of the x-by-wire system market. The x-by-wire system
improves the performance of vehicles due to the use of sensors, motors, and
actuators and promoting accurate, precise and quick response. The x-by-wire
system removes mechanical connections in the vehicle. The rising demand for
lesser weighted vehicles propels the growth of the x-by-wire system market. The
surge in the use of advanced technology in the automotive industry stimulates
the growth of the x-by-wire system market. The increasing regulatory
compliances to decrease environmental impacts promote the growth of the
x-by-wire system market. In addition, increasing demand for accurate and
precise motion control contributes to the growth of the x-by-wire system
market. On the flip side, x-by-wire system manufacturers require high
investments for research and development that hampers the growth of the
x-by-wire system market. Moreover, technological advancement creates new
opportunities for the growth of the x-by-wire system market.
Based on geography, the global x-by-wire system market is
classified into North America, Asia-Pacific, Europe, and the Rest of the World.
Europe is expected to have a dominant share in the global x-by-wire system
market. The increasing demand for hybrid electric vehicles in Europe propels
the growth of the x-by-wire system market in Europe. North America is
anticipated to grow in the global x-by-wire system market with a healthy CAGR
over the forecast period. The growing technological advancements in North
America contribute to the growth of the x-by-wire system market in North
America. Asia-Pacific is anticipated to be growing in the global x-by-wire
system market. The rising concern about fuel economy and emission levels of
vehicles in the Asia-Pacific region stimulates the growth of the x-by-wire
system market in Asia-Pacific.
The report on the global
x-by-wire system market covers segments such as system type and vehicle type.
On the basis of system type, the sub-markets include shift by wire, throttle by
wire, suspension by wire, and other system types. On the basis of vehicle type,
the sub-markets include passenger, and commercial.
The report provides profiles of
the companies in the market such as Curtis Wright Corp., Jaguar Land-Rover
Automotive PLC, Bosch Engineering GmbH, Danaher Motion, SKF Group, Nissan Motor
Co. Ltd., TRW Automotive Holdings Corp., LORD Corporation, Orscheln Products,
LLC, CTS Corporation, and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of x-by-wire system market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.