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The Rise of Electronic Control: Exploring Types, Growth Drivers, and Competitive Landscape in the X-by-Wire Systems MarketDUBLIN, Sept. 20, 2023 /PRNewswire/ -- The "X-by-Wire Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. The global X-by-wire systems market reached a size of US$ 20.4 billion in 2022 and is projected to grow to US$ 29.8 billion by 2028, with an expected compound annual growth rate (CAGR) of 6.4% during the period from 2023 to 2028. X-by-Wire Systems and Their Significance X-by-wire systems represent a shift from traditional mechanical or hydraulic control systems to electronic control systems. These systems include various types, such as brake-by-wire, steer-by-wire, shift-by-wire, park-by-wire, and throttle-by-wire. X-by-wire systems replace mechanical linkages with electronically assisted control mechanisms. One of the key advantages of X-by-wire systems is their ability to eliminate the need for traditional components like intermediate shafts, hoses, pumps, vacuum servos, master cylinders, steering columns, and belts. This replacement contributes to overall vehicle weight reduction, lower emissions, increased fuel efficiency, enhanced safety, and improved response time. X-by-wire systems achieve this by using human-machine interfaces and electromechanical actuators. X-by-Wire Systems Market Trends Several trends are influencing the growth of the X-by-wire systems market:
The market is segmented based on several factors: By Type:
By Vehicle Type:
By Region:
Competitive Landscape Key players in the X-by-wire systems market include AB SKF, Continental AG, Curtiss-Wright Corporation, Infineon Technologies AG, JTEKT Corporation, ME Mobil Elektronik GmbH, Nexteer Automotive, Orscheln Products L.L.C, Parker Hannifin Corporation, Robert Bosch GmbH, Tata Motors Limited, Volkswagen AG, and ZF Friedrichshafen AG. Key Questions Addressed in the Report
For more information about this report visit https://www.researchandmarkets.com/r/s19so5 About ResearchAndMarkets.com Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
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