X-by-wire System Market Size (2024 - 2029)

X-by-wire Systems Market Analysis

The X-by-wire System Market size is estimated at USD 0.81 billion in 2024, and is expected to reach USD 3.27 billion by 2029, growing at a CAGR of 32.25% during the forecast period (2024-2029).

During the lockdowns, the COVID-19 pandemic compelled about 95% of all automotive-related companies to put their workforces on hold. Globally, the repercussions of the lockdown have been immense and unprecedented due to the halt of manufacturing activities. However, the market started to regain momentum in 2021 as economic activities resumed and vehicle production increased globally.

Over the long term, the emergence of advanced driver assistance systems and the increasing levels of vehicle automation is expected to increase the demand for automotive x-by-wire systems. However, currently, these systems have low penetration rates in the automotive market. The focus of automobile manufacturers on increasing fuel efficiency and reducing the emission level of the vehicle is likely to boost the x-by-wire system market in the future.

Increased integration of vehicular systems in vehicles is also expected to boost the market, coupled with an increase in vehicle electrification in the automotive sector. Increased use of advanced features in vehicles, such as self-driving, cruise control, automatic transmission, lane departure warning systems, and other monitoring systems, is also anticipated to boost the demand for x-by-wire systems in terms of throttle, suspension, braking, and gear shift in the automotive market.

X-by-wire systems are well-established and widely used in Europe and North America. The usage of these systems is also increasing rapidly in Asia-Pacific due to increased consumer spending power, demand for improved safety measures, and the requirement for increased vehicle fuel economy.

China, Germany, the United States, and Japan are major markets for these by-wire systems. Developing countries, such as Mexico, are projected to witness a rapid demand for these technologies from automotive manufacturers, as seen by the increased manufacturing of x-by-wire systems.

X-by-wire Systems Industry Segmentation

X-by-wire system is one of the critical safety systems. It refers to replacing mechanical or hydraulic systems with electronic ones in a vehicle, such as braking or steering. It aims to eliminate the physical connection between the steering wheel and the wheels of a car by using electrically controlled motors to change the direction of the wheels and provide feedback to the driver.

The report covers the latest trends, developments, and technologies in the x-by-wire system market. It also covers segmentation based on type, technology, vehicle type, and geography.

By type, the market is segmented into the throttle-by-wire system, brake-by-wire system, steer-by-wire system, park-by-wire system, and shift-by-wire system.

By vehicle type, the market is segmented into passenger cars and commercial vehicles.

By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, market sizing and forecasting are valued by value (USD million).