X-by-wire Systems market is anticipated to grow at a CAGR of 8.8% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for medium-duty electric vehicle applications across the globe. The spicer electrified zero-6 e-transmissions for medium-duty electric vehicles are designed for a specific market sector. This specialization indicates the industry’s ability to adapt to varied applications and changing mobility needs. For instance, in May 2023, Dana Incorporated launched an expansion of its Spicer Electrified e-Powertrain offerings to include a family of e-Transmissions for a wide variety of medium-duty electric-vehicle applications. The spicer Electrified Zero-6 e-Transmissions improve operating range and vehicle performance for applications that are most suitable to a central drive e-Propulsion system with a conventional axle and driveshaft arrangement.
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The global x-by-wire systems market is segmented on the type and vehicle type. Based on the type, the market is sub-segmented into the throttle-by-wire system, brake-by-wire system, steer-by-wire system, park-by-wire system, shift-by-wire system, and others. Furthermore, based on vehicle type, the market is sub-segmented into passenger cars, commercial vehicles, and others. The vehicle type subcategory is expected to capture a significant portion of the market share within the passenger cars segment. The growth can be attributed to the growing popularity of premium electric vehicles, combined with an increase in globally discretionary expenditure, which has boosted the automobile steer-by-wire market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global X-by-wire Systems Market Report Segment
By Route of Administration
- Throttle-by-wire System
- Brake-by-wire System
- Steer-by-wire System
- Park-by-wire System
- Shift-by-wire System
- Others (Drive-by-Wire Systems, and Clutch-by-Wire Systems)
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Others (Electric Vehicles (EVs) and Hybrid Vehicles,
- and Off-road Vehicles)
Global X-by-wire Systems Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global x-by-wire systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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