The Germany X-by-wire system market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 9% during 2023–2031.
The growth of the market is attributed to the growing awareness about its benefits such as programmable and electrification to either provide peak performance or peak efficiency. Moreover, increasing adoption of these systems to reduce the overall weight of the vehicles is driving the market growth.
The by-wire system provides controls on various features of the car. This includes throttle control, brake control, steering control, and shift by wire. The by-wire system uses the electronic controlled unit (ECU) along with motors and sensors to perform work that was conventionally done by hydraulic pressure. The by-wire system uses a sensor to pick up the change in the object that is driven by wire and then sending the signal to ECU, which further sends data to motors to control the features as required.
Maintenance of the by-wire is quite easy as the engineer can hook up the ECU to a computer and control all the features. The by-wire system provides OEMs creative freedom. This system features are limited by the mechanical linkages, and thus it can help in the development of efficient parts.
Market Trends, Drivers, Restraints, and Opportunities:
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Reduced servicing requirements and costs by replacing conventional throttle, steering system with electronic is one of the major drivers that is contributing to the growth of the Germany x-by-wire system market.
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Growing number of cyberattacks can hinder the growth of the market.
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Failure of ECU can result in fatal car accident. Thus, such factor can create challenges for the growth of the market.
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The COVID-19 outbreak persuaded the closedown of manufacturing facilities, which in turn, tanked the production of vehicles across the globe. This pandemic negatively hampered the market growth. However, relaxation in restrictions have to led the opening of production facilities, helping the market to reach pre-COVID levels.
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Easy availability of a variety of integrated circuits (ICs) is expected to augment the market growth.
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Rising investment in the R&D activities and ongoing technological investment in the automotive industry are expected to proliferate the growth of the market.
Scope of Left Atrial Appendage Closure Devices Market Report
The report on the Germany x-by-wire system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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X-by-wire System Market - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Throttle-by-wire System, Brake-by-wire System, Steer-by-wire System, Park-by-wire System, and Shift-by-wire System) and Vehicle Types (Passenger Cars and Commercial Vehicles)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nissan Motor Corporation, Nexteer Automotive, ZF Friedrichshafen AG, Infineon Technologies, and JTEKT Corp.
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Report Title
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X-by-wire System Market - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Germany X-by-wire System Market Segment Insights:
Throttle-by-wire system segment to grow at a rapid pace
Based on types, the market is divided into throttle-by-wire system, brake-by-wire system, steer-by-wire system, park-by-wire system, and shift-by-wire system. The throttle-by-wire segment is anticipated to account for a key market share and is anticipated to grow at a rapid pace during the forecast period. This type of sensor monitors the position of the accelerator pedal.
Movement of the pedal is sensed and the ECU is notified about it. ECU with preloaded data then opens the throttle on the basis of the pressed accelerator pedal. The throttle opening and closing are controlled by an electric motor whose control is directly in the hand of ECU. On the other hand, the brake-by-wire segment is expected to grow at a healthy rate in the projected timeline.
Commercial vehicle segment to account a major market share
Based on vehicle types, the market is divided into passenger cars and commercial vehicles. The commercial vehicles segment is anticipated to account for a major market share due to the rapid expansion of the industrial sector in the emerging economies and the development of commercial operations in the logistics industry. increasing construction and e-commerce activities is driving the growth of the market segment. Conversely, the passengers segment is anticipated to grow at a healthy rate owing to rising disposable income and electrification of the automotive industry.
Segments
The Germany X-by-wire system have been segmented on the basis of
Types
- Throttle-by-wire System
- Brake-by-wire System
- Steer-by-wire System
- Park-by-wire System
- Shift-by-wire System
Vehicle Types
- Passenger Cars
- Commercial Vehicles
Country
Key Players
- Nissan Motor Corporation
- Nexteer Automotive
- ZF Friedrichshafen AG
- Infineon Technologies
- JTEKT Corp.
Competitive Landscape
The major players of the market are Nissan Motor Corporation, Nexteer Automotive, ZF Friedrichshafen AG, Infineon Technologies and JTEKT Corp
Companies are investing in research and development, and are engaging in joint ventures and acquisitions to expand their market share.