Global Shift-by-Wire System Market Growth 2023-2029

Global Shift-by-Wire System Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Shift-by-Wire System Industry Forecast” looks at past sales and reviews total world Shift-by-Wire System sales in 2022, providing a comprehensive analysis by region and market sector of projected Shift-by-Wire System sales for 2023 through 2029. With Shift-by-Wire System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shift-by-Wire System industry.
This Insight Report provides a comprehensive analysis of the global Shift-by-Wire System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Shift-by-Wire System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Shift-by-Wire System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shift-by-Wire System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Shift-by-Wire System.
The global Shift-by-Wire System market size is projected to grow from US$ 522.4 million in 2022 to US$ 2138.3 million in 2029; it is expected to grow at a CAGR of 2138.3 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Shift-by-Wire System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Joystick
Rotary
Lever
Button
Segmentation by application
Oil-Fueled Vehicle
Hybrid Electric Vehicle
Electric Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ZF Friedrichshafen AG
Kongsberg Automotive Holding ASA
Ficosa Internacional SA
Tokai Rika
GHSP
KOSTAL Group
Eissmann Group Automotive
Küster Holding GmbH
Sila Group
Curtiss-Wright
ATSUMITEC CO.LTD
Ningbo Gaofa Automotive Control System Co. LTD
Ningbo Depulong Automobile System Co., Ltd.
NanJing AoLian AE&EA Co.,Ltd

Key Questions Addressed in this Report
What is the 10-year outlook for the global Shift-by-Wire System market?
What factors are driving Shift-by-Wire System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Shift-by-Wire System market opportunities vary by end market size?
How does Shift-by-Wire System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.