The Market of Automotive Shift-By-Wire Systems to grow beyond US$ 2,139.5 million by 2030
February 11, 2020
Automotive Shift by Wire Systems Market Overview:
The automotive SBW systems market is projected to offer healthy growth opportunities and is likely to reach US$ 2,139.5 million in 2030. Organic growth in vehicle production, growing penetration of automatic transmission vehicles in the overall vehicle production, emergence of electric vehicles, and significant weight reduction along with an improvement in fuel economy with SBW systems are some of the major factors that are fueling the growth of the SBW systems market.
Report Overview:
This report, from Stratview Research, studies the global automotive SBW systems market over the trend period 2014 to 2019 and forecast period 2020 to 2030 in terms of both value and units. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Automotive Shift by Wire Systems Market Segment Insights:
SUV: The growth engine
Stratview has firstly segmented the market based on the vehicle type as hatchback, sedan, SUV, and others. SUV is expected to remain the largest market segment in the years to come, propelled by the trend of the shift from sedans and hatchbacks towards SUVs. Spacious interiors and comfortable and satisfying driving experience have generated a sheer interest for SUVs among consumers. Further, there is also a slightly higher penetration of SBWs in SUVs over other vehicle types.
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https://www.stratviewresearch.com/toc/689/automotive-shift-by-wire-systems-market.html
Dominance of: Combustion Vehicle and Joystick
Our analysis on another market segmentation, which is based on the powertrain type, suggests that combustion vehicle is forecasted to remain the larger consumer of SBW systems in the near future. On the contrary, electric vehicles are likely to exhibit faster growth during the same period. Various prominent EV models, such as Nissan Leaf, BMW i3, Toyota Pirus, and Audi e-tron, are equipped with SBW systems.
Analogously, the study’s outcomes on different design types advocate that joystick is the most preferred design of SBW among Joystick, rotary, lever, buttons, and others, in years to come. Rotatory is another key segment that holds a considerable share and is likely to exhibit the highest growth in the near future. Some of the key vehicle models that are equipped with rotary SBW systems include Land Rover Discovery, Jaguar XE, and Chrysler Pacifica.
A highly/moderately/fragment consolidated Market
The key SBW systems manufacturers are ZF Group, Kongsberg automotive, Ficosa International SA, KOSTAL Group, GHSP Inc., Kuster holding, Atsumetic Co. Ltd., Dura Automotive Systems, Sila Group, Tokai Rika Co. Ltd., Eissmann Group Automotive, and JOPP Group. New product development, advancements in automotive SBW systems’ functionality, and collaboration with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
Regional Hegemony of Europe
Europe is so far the largest automotive SBW systems market propelled by early adoption of SBW systems by the region’s leading automakers such as BMW AG, Mercedes-Benz, Volkswagen AG, and Groupe Renault. On the other hand, Asia-Pacific likely to witness the highest growth during the forecast period. China is the growth engine of the Asia-Pacific’s market, propelled by increasing adoption of SBW systems by the leading Chinese OEMs such as FAW, Changan Automobile, Geely, and GWM (Great Wall Motors) in some of their vehicle models.
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