Automotive Shift-By-Wire Systems Market Size to Reach US$ 2.1 Billion in 2030, Says Stratview Research - Seite 2

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Based on the vehicle type, SUV is expected to remain the largest SBW systems market in 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 SBWs in SUVs over other vehicle types.

Our analysis on another market segmentation, which is based on the powertrain type, suggests that combustion vehicle is forecasted to remain the larger consumer of SBW systems in 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 Prius, and Audi e-tron, are equipped with SBW systems.  

Analogously, the study's outcomes on different design types advocate that joystick is the most preferred design of SBW among joystick, rotatory, lever, buttons, and others, during the forecast period. 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 rotatory SBW systems include Land Rover Discovery, Jaguar XE, and Chrysler Pacifica.

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In terms of region, Europe is the largest automotive SBW 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 likely to witness the highest growth during the forecast period. China is the growth engine of the Asia-Pacific's market, driven 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.