Market Size of United States X By Wire Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US X-by-Wire Systems Market Analysis
The United States x-by-wire system market is anticipated to register a CAGR of about 10% during the forecast period (2020 - 2025).
- X-by-wire or drive-by-wire system is the use of electromechanical technology in cars to replace mechanical linkages. There are different types of x-by-wire technologies in the marketplace like throttle-by-wire systems, brake-by-wire systems, steer-by-wire systems, and park-by-wire systems. At present, this technology is implemented separately in the engine control, braking, or steering system.
- The x-by-wire technology has been in use in aerospace and is now finding its application in the automotive industry. One of the major factors helping the automotive manufacturers to incorporate this feature in vehicles is the availability of a variety of semiconductor ICs that are cheap and can meet the cost targets to provide the control, power, and communications required for these systems.
- Growing environmental concerns, along with the enactment of stringent emission regulations, the demand for and adoption of electric vehicles have been continually increasing, which in turn, is propelling the demand for x-by-wire systems in the country.
- Among x-by-wire systems, steer-by-wire and brake-by-wire systems are expected to witness the highest growth rates during the forecast period, owing to continuous technological advancements, coupled with new product developments by major players
