An Incisive, In-depth Analysis on the X By Wire Market
This study offers a comprehensive, 360 degree analysis on the X By Wire market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global X By Wire market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The product life cycle of x-by-wire is in the growth phase and is expected to witness substantial progress in the years ahead. Throttle-by-wire technology has already witnessed widespread adoption in mid and high end cars and in the future it is expected to see an increasing adoption in entry-level cars as well. It accounted for a share of around 71.4% in the global x-by-wire market in 2017. The deployment of x-by-wire systems in construction equipment and military vehicles is expected to bode well for the market in the long run. The investment of manufacturers in the research and development of advanced technologies and in the testing of bleeding edge technologies such a steer-by-wire is expected to open a plethora of opportunities for the market in the years ahead.
Steer-by-Wire to emerge as a technology of the future
Steer-by-wire is emerging as the technology of the future and has already been implemented by some automakers, such as Nissan and Audi. Nissan became a pioneer in the market to introduce steer-by-wire technology for the first time in its Q50 sedan in the year 2013. However, the company later recalled its vehicles in 2014 and 2016 due to faults in the steering system. Henceforth, some of the market participants have introduced front steer with rear steer-by-wire system that incorporates drive-by-wire system at rear wheels. One such example is the ‘Quadrasteer’ by Delphi (now Aptive), which has been deployed in some of the vehicles of General Motors (GM). The market for steer-by-wire is expected to with a CAGR of over 32.8% and reach a volume of over 514 ‘000 Units by the end of 2027. The technology has been anticipated to witness widespread commercialization in the next 5-6 years. As of 2016, the total sales of steer-by-wire system was distributed between China, Japan, and the U.S.
Companies fighting over patent rights
At present, steer-by-wire is in nascent stage and is also expensive, thus many companies are reluctant on using it in their vehicles. It has been expected that this technology will emerge as a core technology in the near future and grow over 19 times during the course of the forecasted period. Both automotive and steering manufacturing companies are applying for patents for this particular technology. It has been acknowledged that over the past one year, a large number of patents have been filed with regards to product enhancement of steer-by-wire technology. However, limited patents were identified for other technologies in relation with x-by-wire market.
More than 30 patents were filed from 2016 to 2017. Patent applicants comprise on amalgamation of vendors across the entire value chain such as education institutions, automotive component manufacturers, technology providers, and automotive OEMs. Companies such as Ford Motor Company Ltd., ThyssenKrupp AG, Audi AG, Dura Automotive Systems, Nissan Motors Ltd., SHIMADZU Corp., Showa Corp., NTN Corporation, Mitsubishi Electric Corporation, and SENTIENT AB are applying for patents for this technology. Exceeding the growth of all the other technology types, steer-by-wire, though expensive, will be a prominent choice of luxury automobile manufacturers in the long run, thus increasing the run for patents over the forecast period.
Future Market Insights (FMI) has recently published a new market research report on x-by-wire. The report provides incisive insights on the chronological growth trajectory of the market along with the present and future growth prospects present in the market. The report offers an exclusive analysis of the global market along with regional and segment based insights.
X-by-Wire Market: Outlook
The report offers an entire summation of the market including an official abstract that draws out the centre examples progressing in the market. It furthermore discusses on a couple of facets, for example, drivers, obstacles, and prospects that have been found in the global market. It also acquaints readers with figures related to volume, value and expansion rate of the market from a growth point of view. With respect to market segmentation, each segment is analysed and presented in the report. It also gives an evaluation in light of the market circumstance, and moreover presents a value chain analysis of the products and applications in concern. A year to year progression of the market has likewise been offered in the report for the peruser to be particularly aware of the changing landscape of the market.
X-by-Wire Market: Taxonomy
X-by-Wire Market: Research Methodology
The report is the end consequence of cautious research work of the market expert using strong sources. The information introduced has been studied carefully by industry experts of FMI. The data that has been presented here has been assembled from various tried and true along with strong basic and auxiliary sources. The figures have also been checked by the examiners and can be used to settle on key decisions and formulate strategies.
X-by-Wire Market: Competitive Landscape
The market study conveys an immense outlook on the engaged scene of the overall x-by-wire market. It features the competition prevalent among the present vendors in the market and also puts weight on the future circumstance of the market. The profile of the players relies upon a strong SWOT examination sought down by company angle, product portfolio, strategies, finance related information, and year-to-year projections. The organizations have been explored minutely covering their key developments, innovations as well as mergers and acquisitions and agreements with other prominent associations.
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The reports made by our industry analysts are credible and have been researched and validated from several primary and secondary resources. What makes us unique is the fact that along with presenting an analysis of the market’s historical and present scenario, we also present a forecast review of the market for the benefit of our peruser. The presentation is unique in the form of various charts, tables, and diagrams. Every bit of information present in the market research report is unique. Expert opinions are also present in the report that can be directly used by the reader’s internal research team to freeze on future steps.