X-by-Wire Systems Global Market to Reach $2.9 Billion by 2030: Focus on Vehicle Stability Control Fuels Engineering Interest in X-by-Wire

Dublin, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The "X-By-Wire Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for X-By-Wire Systems estimated at US$347.6 Million in the year 2022, is projected to reach a revised size of US$2.9 Billion by 2030, growing at a CAGR of 30.5% over the analysis period 2022-2030.

Throttle-by-Wire System, one of the segments analyzed in the report, is projected to record a 31.7% CAGR and reach US$1.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Steer-by-Wire System segment is readjusted to a revised 29.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $101.7 Million, While China is Forecast to Grow at 29% CAGR

The X-By-Wire Systems market in the U.S. is estimated at US$101.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$482 Million by the year 2030 trailing a CAGR of 29% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.7% and 26% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20.9% CAGR.

Select Competitors (Total 29 Featured) -

  • Continental AG
  • CTS Corporation
  • LORD Corporation
  • Mobil Elektronik GmbH
  • Orscheln Products LLC
  • RLP Engineering
  • Robert Bosch GmbH
  • SKF Group
  • TORC Robotics Inc.
  • ZF TRW

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics:

Report AttributeDetails
No. of Pages267
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$347.6 Million
Forecasted Market Value (USD) by 2030$2900 Million
Compound Annual Growth Rate30.4%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Automobile "Electronification": The Cornerstone for Growth of X-By Wire Systems
  • Recent Market Activity
  • X By Wire: Market Review
  • Market Outlook
  • Impact of Covid-19 and a Looming Global Recession
  • X-By-Wire Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Focus on Lightweighting Fuels the X By Wire Trend
  • Focus on Vehicle Stability Control Fuels Engineering Interest in X by Wire
  • X by Wire: The Foundation for Driverless Cars
  • Design Flexibility Spurs Interest in X by Wire Systems
  • Trend Towards Auto Transmission Benefits Shift by Wire Transmission Systems
  • Drive-by-Wire: Primped As the Technology of the Future
  • Electronic Throttle Control: The Most Widely Used X-by-Wire System
  • Surging Interest in E-Mobility Paves the Way for X-by-Wire Systems
  • Component Manufacturers' Focus On X By Wire Research to Benefit Market Growth
  • ZF Friedrichshafen AG Remains Committed to Innovation in Auto Electronics
  • Continental to Develop Electronic Brake System
  • Robert Bosch Develops iBooster & eClutch
  • Siemens Focuses on Developing BbW & SbW Systems
  • Stable Automobile Production to Benefit Market Growth
  • Expanding Middle Class Population in Developing Countries Fuels Growth
  • Off-Highway Vehicles: A Major End-Use Sector for X-By-Wire Systems
  • Stringent Regulations Governing Dependability of Automotive Systems Dampen Market Growth
  • Rise in Vehicle Recalls Due to Failure of X-by-Wire Systems Aggravates Safety Concerns
  • Automotive Fiber Optics & Fault Tolerant Electronics & Communication: The Answer to Reliability Issues in X by Wire Systems
  • 42Volt Bus: The Solution for High Power Requirements in Automobiles




For more information about this report visit https://www.researchandmarkets.com/r/pih010

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Global Market for X-By-Wire Systems

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