Sarasota, FL -- (SBWIRE) -- 05/31/2017 -- Zion Market Research, the market research group announced the analysis report titled "X-by-Wire Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"

Global X-by-Wire Systems Market: Overview

In the automotive industry, the X-by-wire system is used in the electro-mechanical systems. With the help of human-machine interfaces, such as pedal and feel emulators, and using the electromechanical actuators the X-by-wire system change the traditional mechanical control systems with the systems that are controlled electrically. The X-by-wire systems have removed the use of the traditional components such as steering column, intermediate shafts, hoses, master cylinders, pumps, belts, coolers, and vacuum servos.

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Global X-by-Wire Systems Market: Segmentation

The X-by-wire system's market is globally segmented into its system type, vehicle type, and regions. On the basis of the system type, the global market is segregated into throttle-by-wire, suspension-by-wire, fly-by-wire, shift-by-wire, suspension-by-wire, park-by-wire, and others. Based on the vehicle type, the market is categorized into commercial and passenger. Geographically, the X-by-wire market is diversified into regions such as North America, Europe, Asia-Pacific, and Rest of the World.

Global X-by-Wire Systems Market: Growth Factors

The application of X-by-wire helps in reducing the weight of the vehicles making them much lighter. This system helps in improving the fuel efficiency of the automobile and also reduces the emission levels of the vehicle. Using X-by-wire improves the response time by removing the mechanical linkage. All these factors are contributing to the market growth in a positive way. As the people are interested in advanced technology thus automotive industries are improving their technology so that they can improve the quality of the driving, reduce the levels of emissions, and improve the fuel efficiency. The government is imposing stringent policies regarding the emissions that are released by the vehicles which are also contributing factor to the market growth. The major segments that contribute a large share in the global market are throttle-by-wire and shift-by-wire.

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Global X-by-Wire Systems Market: Regional Analysis

The region that contributed a major share in the global market is the North America. In the North American region, the US market contributes the largest share in the X-by-wire market owing to the factor that there is the huge amount of technological advancements in this region. The developing automotive exports in the Mexico region contribute to the growth of the X-by-wire system market. The segment that is growing fast in the North American region is park-by-wire. In the coming years, Asia Pacific region will take initiatives to improve the fuel efficiency and reduce the levels of emission, which will compel the automotive industry to improve their technology which will, in turn, boost the X-by-wire systems market. There is an increasing demand for the hybrid electric vehicles in the European region thus creating opportunities to the X-by-wire systems market.

Global X-by-Wire Systems Market: Competitive Players

The major market players in the X-by-wire systems market include Continental AG, Curtis Wright Corp., Jaguar Land-Rover Automotive Plc., Orscheln Products LLC, ZF Friedrichshafen AG, Bosch Engineering GmbH., Danaher Motion, Mobil Elektronik GmbH., SKF Group, CTS Corp., Infineon Technologies AG, Nissan Motor Co., TRW Automotive Plc., PSA Peugeot Citroën, Citroen, LORD Corporation, Ognibene S.p.A, and TORC Technologies.

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Global X-by-Wire Systems Market: Regional Segment Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa