Automotive Shift-By-Wire Systems Market Size to reach US$ 2,139.5 million by 2030
The automotive SBW systems market is projected to offer healthy growth opportunities and is likely to reach US$ 2,139.5 million in 2030, according to a newly added report by Stratview Research. Organic growth in vehicle production, growing penetration of automatic transmission vehicles in the overall vehicle production, the emergence of electric vehicles, and significant weight reduction along with an improvement in fuel economy with SBW systems are some major factors that are fuelling the growth of SBW systems market.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020–2030.
Request a sample of the report here https://www.stratviewresearch.com/Request-Sample/689/automotive-shift-by-wire-systems-market.html
As per the report, Stratview has firstly segmented the automotive SBW market based on the vehicle type as hatchback, sedan, SUV, and others. SUV is expected to remain the largest SBW systems market 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.
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.
View the Table of Contents here https://www.stratviewresearch.com/toc/689/automotive-shift-by-wire-systems-market.html
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.
Read the Full Report Description here https://www.stratviewresearch.com/689/automotive-shift-by-wire-systems-market.html
The report further mentions about the key manufacturing players 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. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Automotive Shift by Wire System Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.
Salient Features of the Report
The report on Automotive Shift By Wire System Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
· Market structure,
· Market environment analysis,
· Market trend and forecast analysis,
· Market segment trend and forecast,
· Competitive landscape and dynamics,
· Attractive market segments and associated growth opportunities,
· Emerging trends,
· Strategic growth opportunities for the existing and new players,
· Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1–313–307–4176