Automotive Shift-By-Wire Systems Market Analysis | 2020-2030

Market Insights

"The global automotive shift-by-wire systems market is projected to grow at a CAGR of more than 11% during 2020-2030 to reach USD 2.1 billion in 2030."

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Shift-by-wire systems are gear shift systems in which the transmission modes are changed in a vehicle through electronic controls without any mechanical linkage between the gear shifting lever and the transmission. SBW systems are used in different types of automatic transmission vehicles and their subcategories, such as continuously variable transmission (CVT), dual-clutch transmission (DCT), and automatic manual transmission (AMT). With this technology, electromechanical signals connect the gearbox with the gear selector. When the driver selects the propulsion direction, the signal is wirelessly transmitted to a gearbox receiver.

SBW system is among a few automotive components that are witnessing a double-digit rate. Even the cyclic decline of the overall automotive industry has a relatively less impact on the overall demand for SBW systems, the growth is ensured by an incessant shift from mechanical transmission systems to SBW systems.

Market Dynamics

Market Drivers

Some of the factors driving the demand for shift-by-wire systems are noted below:

• Expected recovery in vehicle production in coming years.
• Growing penetration of automatic transmission vehicles in the overall vehicle production.
• Emergence of electric vehicles.
• Significant weight reduction along with an improvement in fuel economy with SBW systems 

Segment Analysis

Electric Vehicles to grow at a faster pace than combustion vehicles

"The combustion vehicle segment accounted for the largest market share."

Our analysis on another market segmentation, which is based on the powertrain type, suggests that combustion vehicles is forecasted to remain the largest consumer of shift-by-wire 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.

SUV to remain the largest segment driven by its increasing penetration

"The SUV segment accounted for the largest market share."

Stratview has firstly segmented the market based on the vehicle type as hatchback, sedan, SUV, and others. SUVs are expected to remain the largest market segment 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 shift-by-wires in SUVs over other vehicle types.

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Joystick, the most preferred design of SBW

"The rotary segment accounted for the largest market share."

The study’s outcomes on different design types advocate that the joystick is the most preferred design of shift-by-wire 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.

Europe has been at the forefront of the adoption of the SBW systems

"Europe accounted for the largest market share."

In terms of regions, Europe is so far the largest automotive shift-by-wire 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 is likely to witness the highest growth during the forecast period. China is the growth engine of the Asia-Pacific market, propelled by the 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.

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Key Players

The supply chain of this market comprises raw material suppliers, components manufacturers, SBW systems manufacturers, and automotive OEMs.

The key shift-by-wire systems manufacturers are:

• 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
• JOPP Group

New product development, advancements in automotive SBW systems’ functionality, and collaboration with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects automotive shift-by-wire systems market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report, from Stratview Research, studies the global automotive SBW systems market over the trend period 2014 to 2019 and the forecast period 2020 to 2030 in terms of both value and units. The vital data and information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulating growth strategies. 

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive shift-by-wire systems market is segmented into the following categories:

By Vehicle Type

• Hatchback
• Sedan
• SUV
• Others

By Powertrain Type

• Combustion Vehicles
• Electric Vehicles

By Design Type

• Joystick
• Rotatory
• Lever
• Buttons
• Others

By Position Type

• Console
• Steering

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Share

• Current market size (2019) of the automotive shift-by-wire systems market in any of the design types by vehicle type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.