X-by-Wire Systems Market - Global Market Trends & Forecast to 2014 to 2019

The global X-by-Wire Systems Market is estimated to have sold over 139.3 Million Units by 2019. Both park-by-wire and shift-by-wire segments of the market will maintain a healthy growth rate during the forecasting period. The Shift-By-Wire and Park-by-Wire system market in terms of volume is projected to grow at a healthy CAGR of 9.14% and 12.31% respectively, from 2014 to 2019. Nowadays, the automotive industry is more inclined to use advanced technologies to increase the fuel efficiency, reduce the emission levels and to enhance the driving dynamics of the vehicle. These by-Wire systems have evolved from the need to lower the weight of the vehicles which is achieved by eliminating the mechanical connections in a vehicle. These transitions took place due to several reasons such as the stringent emission norms by the European Union and EPA, increase in fuel efficiency norms by CAFÉ and other authorities in European region, different road safety norms and the highly competitive market. These factors prompted companies to invest extensively in the X-by-Wire technologies so as to comply with these norms as well as to reduce the production costs and increase the driving comfort for the buyers. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications" web site. View the report: X-by-Wire Systems Market - Global Market Trends & Forecast to 2014 to 2019.