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The global Shift-by-Wire System market was valued at US$ 549.5 million in 2022 and is projected to reach US$ 1533.4 million by 2029, at a CAGR of 15.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Shift-by-wire is the system by which the transmission modes are engaged/changed in an automobile through electronic controls without any mechanical linkage between the gear shifting lever and the transmission. The transmission shifting was traditionally accomplished by mechanical links to put the vehicle in Park, Reverse, Neutral, and Drive positions through a lever mounted on the steering column or a gear shifter near the center console.
The Shift-by-Wire System industry can be broken down into several segments, Joystick, Rotatory, etc.
This report aims to provide a comprehensive presentation of the global market for Shift-by-Wire System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Shift-by-Wire System. This report contains market size and forecasts of Shift-by-Wire System in global, including the following market information:
As for the Global Shift-by-Wire System market, there are several key manufacturers like ZF, Kongsberg, Ficosa, etc. The market is not only influenced by the price but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product types, better technical and impeccable after-sales service.
Asia-Pacific is the largest consumption region of Shift-by-Wire System, with a consumption market share nearly 41 %. The second is Europe; following Asia-Pacific with the consumption market share over 30%.
Based on type, Joystick is more popular in Europe than other types. Joystick is the largest market segment of Shift-by-Wire System, with a consumption market share over 65%.
According to the application, Oil-fueled Vehicle is the largest market segment, with a consumption market share nearly 92%.
We surveyed the Shift-by-Wire System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Shift-by-Wire System Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Shift-by-Wire System Market Segment Percentages, by Type, 2022 (%)
By Design Type
Joystick
Rotatory
Lever
Buttons
Others
By Position Type
Console
Steering
Global Shift-by-Wire System Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Shift-by-Wire System Market Segment Percentages, by Application, 2022 (%)
Global Shift-by-Wire System Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Shift-by-Wire System Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Shift-by-Wire System revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Shift-by-Wire System revenues share in global market, 2022 (%)
Key companies Shift-by-Wire System sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Shift-by-Wire System sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: