What is Global Automotive Shift-By-Wire (SBW) Systems Market?
The Global Automotive Shift-By-Wire (SBW) Systems Market is a rapidly evolving sector that has seen significant growth in recent years. This market pertains to the technology used in vehicles where gear shifting is performed electronically without the need for mechanical linkages. The shift-by-wire system is a part of the broader "x-by-wire" technology where various vehicle operations like braking, steering, throttling, and shifting are performed electronically. This technology is a key component of modern vehicles, especially in electric and hybrid vehicles, where the emphasis is on reducing mechanical components to improve efficiency and performance. The SBW system not only enhances the driving experience by providing smoother gear shifts but also contributes to vehicle safety by eliminating the possibility of incorrect gear engagement.
Combustion, Electric in the Global Automotive Shift-By-Wire (SBW) Systems Market:
The Global Automotive Shift-By-Wire (SBW) Systems Market is divided into two main segments based on the type of vehicle: combustion and electric. In combustion vehicles, the SBW system replaces the traditional mechanical gear shifting system, providing a more efficient and smoother driving experience. On the other hand, electric vehicles inherently require SBW systems due to their electronic nature. The SBW system in electric vehicles not only performs the basic function of gear shifting but also plays a crucial role in managing the power delivery from the electric motor to the wheels. This is particularly important in electric vehicles where the torque delivery is instantaneous, requiring precise control to ensure smooth driving. The SBW system also contributes to the overall efficiency of electric vehicles by reducing mechanical losses associated with traditional gear shifting systems.
Hatchback, Sedan, SUV, Others in the Global Automotive Shift-By-Wire (SBW) Systems Market:
The Global Automotive Shift-By-Wire (SBW) Systems Market finds its application in various types of vehicles including hatchbacks, sedans, SUVs, and others. In hatchbacks and sedans, the SBW system contributes to the compact design by eliminating the need for a mechanical gear shifting system, thereby providing more cabin space. In SUVs, the SBW system not only enhances the driving experience but also contributes to the vehicle's off-road capabilities by providing precise control over gear shifts. Other applications of the SBW system include sports cars where the system provides quick and precise gear shifts, enhancing the vehicle's performance. Furthermore, the SBW system also finds its application in commercial vehicles where it contributes to fuel efficiency by ensuring optimal gear shifts.
Global Automotive Shift-By-Wire (SBW) Systems Market Outlook:
Looking at the market outlook, the Global Automotive Shift-By-Wire (SBW) Systems Market was valued at a substantial US$ 534 million in 2023. The market is expected to grow steadily and reach a value of US$ 704.7 million by 2030. This growth trajectory represents a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing adoption of electric vehicles and the growing emphasis on improving vehicle efficiency and performance. The SBW system, with its numerous advantages, is expected to continue to find increasing application in various types of vehicles, driving the growth of this market.
| Report Metric | Details |
| Report Name | Automotive Shift-By-Wire (SBW) Systems Market |
| Accounted market size in 2023 | US$ 534 million |
| Forecasted market size in 2030 | US$ 704.7 million |
| CAGR | 4.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | GHSP, ZF Group, Tokai Rika, Sila Group, JOPP Group, KOSTAL Group, Dura Automotive Systems, Kongsberg Automotive, Ficosa International, Kuster Holding, Eissmann Group Automotive, Atsumetic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
