Automotive Shift-By-Wire Systems Market Size to reach US$ 2,139.5 million in 2030
Shift-by-wire systems are gear shift systems in which the transmission modes are changed in a vehicle through electronic controls without any mechanical linkage between the gear shifting lever and the transmission. SBW systems are used in different types of automatic transmission vehicles and their subcategories such as continuously variable transmission (CVT), dual-clutch transmission (DCT) and automatic manual transmission (AMT). With this technology, electro-mechatronic signals connect the gearbox with the gear selector. When the driver selects propulsion direction, the signal is wirelessly transmitted to a gearbox receiver.
SBW system has been maintaining its name in the list of a few automotive components that are witnessing a double-digit rate. Even the cyclic decline of the overall automotive industry has a relatively less impact on the overall demand for SBW systems, the growth is protected by an incessant shift from mechanical transmission systems to SBW systems.
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.
Automotive Shift by Wire System Market Insights:
By Vehicle Type:
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.
By Powertrain Type:
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.
By Design Type:
Analogously, the study of the key vehicle models that are equipped with rotary SBW systems include Land Rover Discovery, Jaguar XE, and Chrysler Pacifica.
By Region:
In terms of regions, Europe is so far the largest automotive SBW systems market propelled by early adoption of SBW systems by the regioneading Chinese OEMs such as FAW, Changan Automobile, Geely, and GWM (Great Wall Motors) in some of their vehicle models.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research
Based on the research, a proper report is crafted with the following key features:
Firma: Stratview Research
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