X-by-Wire Systems Market worth 139.3 Million Units by 2019, According to a New Study on ASDReports

Thursday 9 October 2014, Amsterdam

$ The report, now available on ASDReports, “X-by-Wire Systems Market by System Type [Shift-by-Wire, Throttle-by-Wire, Active Suspension (Suspension-by-Wire), Electronic Park Brake (Park-by-Wire), Fly-by-Wire & Other-by-Wire Technologies], by Vehicle Type (Passenger & Commercial) & by Geography - Global Market Trends & Forecast to 2014 to 2019” defines and classifies the X-by-Wire systems market in terms of volume. The report forecasts the potential growth and covers the market drivers, restraints, opportunities, market dynamics, competitive landscape, and other key aspects in context with automotive X-by-Wire systems market. The report also includes the profiles of the key players involved in the X-by-Wire systems market.


North America: Fastest growing market for X-by-Wire systems market

North America, mainly U.S., houses most of the major players of X-by-Wire systems market. They are CTS Corporation, Curtiss-Wright (Arens), TRW Automotive, Orscheln and others. North America has always been ahead in terms of technological advancements. U.S. contributes the maximum share in terms of market size with a healthy penetration of premium vehicles, whereas Mexico is the major hub for automotive exports. In the current scenario, Throttle-by-Wire systems market comprises the largest market share followed by Shift-by-Wire, whereas the Park-by-Wire systems market is the fastest growing opportunistic market.


Shift-by-Wire systems market

Following Throttle-by-Wire systems market, Shift-by-Wire systems is estimated to have a major share in the X-by-Wire systems market. This market is estimated to grow rapidly at a CAGR of 9.1% with North-America accounting for the largest share of this market. The application of Shift-by-Wire systems has not only reduced the weight of the vehicle but also has aided in giving an accurate and precise output at ease. In addition to improved fuel efficiency owing to the weight reduction, the elimination of mechanical linkages in the transmission system has also decreased the wear and tear of the system thus improving the life span of the system.