AP NEWS

Automotive X-by-wire Systems Market - Global Growth, Trends and Forecast (2018-2023): 13.9% CAGR is Projected - ResearchAndMarkets.com

January 28, 2019

DUBLIN--(BUSINESS WIRE)--Jan 28, 2019--The “Automotive X-by-wire Systems Market - Growth, Trends, Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The global x-by-wire system market was valued at USD 92.21 million in 2017, and is projected to witness a CAGR of 13.9% during the forecast period, 2018-2023.

The emergence of advanced driver assistance systems and the increasing levels of automation in vehicles are expected to increase the demand for automotive x-by-wire systems.

However, currently, these systems have low penetration rates in the automotive market, owing to reliability issues, primarily due to instances of failure.

In the coming years, the systems are expected to gain strong traction in the automotive industry, as they ensure superior control over vehicle systems, as compared to present-day conventional linkages, such as wires and hydraulic systems.

Among x-by-wire systems, steer-by-wire and brake-by-wire systems are expected to witness high growth rates during the forecast period, owing to continuous technological advancements, coupled with new product developments by major players.

Additionally, increasing investment in electronic power steering by automakers is one of the major drivers for the adoption of steer-by-wire systems, as the cost of migration from conventional steering linkages to steer-by-wire systems is expected to be low.

Key Highlights

Increasing Focus on Fuel Efficiency Throttle-by-wire System is Expected to Dominate the Market

Topics Covered

1. Introduction

2. Executive Summary

3. Market Overview & Trends

4. Market Dynamics

5. Global X-by-Wire System Market, Segmented by Type

6. Global X-by-Wire System Market, Segmented by Vehicle Type

7. Global X-by-Wire System Market, Segmented by Geography

8. Competitive Landscape

9. Company Profiles

Nissan Motor Corp. Groupe PSA Nexteer Automotive Infineon Technologies JTEKT Corp. ZF TRW Automotive Holdings Corporation Orscheln Products LLC Tesla Corporation Audi AG Torc Robotics Lokar Performance Products SKF Group

For more information about this report visit https://www.researchandmarkets.com/research/zq3z6s/automotive?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190128005305/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Telematics and Vehicle Electronics,Automotive Commodities

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE AFTERMARKET

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/28/2019 06:59 AM/DISC: 01/28/2019 07:01 AM

http://www.businesswire.com/news/home/20190128005305/en

AP RADIO
Update hourly