Market Overview

Global Automotive Throttle-by-Wire-System Market 2018-2022 | Key Factors Driving Growth | Technavio

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The global automotive throttle-by-wire-system market is expected to post
a CAGR of over 4% during the period 2018-2022, according to the
latest market research report by Technavio. However, the growth momentum
of the market is expected to decelerate due to a decline in the
year-over-year growth.

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Technavio has published a new market research report on the global automotive throttle-by-wire-syste ...

Technavio has published a new market research report on the global automotive throttle-by-wire-system market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the cost benefits of
x-by-wire technology. The x-by-wire technologies provide freedom from
mechanical linkages that significantly lowers the cost of a vehicle with
more efficient packaging. This is because electronic systems require
fewer components than mechanical linkages. Traditional mechanical
components, such as the steering column, intermediate shafts, pumps,
hoses, vacuum servos, belts, coolers, and master cylinders, are removed
from the vehicle when x-by-wire systems are used. X-by-wire systems are
lightweight, as they use fewer materials.

This market research report on the global
automotive throttle-by-wire-system market 2018-2022
also
provides an analysis of the most important trends expected to impact the
market outlook during the forecast period. Technavio classifies an
emerging trend as a major factor that has the potential to significantly
impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the back conversion of electronic
systems to mechanical linkages by the do-it-yourself population to
negatively impact the BBW market as one of the key emerging trends in
the global automotive throttle-by-wire-system market:

Global automotive throttle-by-wire-system
market: Back conversion of electronic systems to mechanical linkages by
the do-it-yourself population to negatively impact the BBW market

The main drivers that powered the rise of the DIY population amongst
enthusiasts and adventure seekers include the introduction of onboard
diagnostics ports, in addition to the mechanical nature of the vehicles.
The recent trend of the increase in auto electronics concentration in
automobiles has caused a sudden imbalance in the DIY population's skill
set. In order to be a successful DIY automobile owner, there is a strong
need to be conversant with in-depth electronics and electrical
knowledge, along with the capacity to handle the innards of the onboard
computers and networked systems.

"The DIY population have started a back to basics movement, wherein
x-by-wire technology enabled vehicles are being converted back to
mechanical systems. This is seen as a backlash from the DIY population
as a rejection of the higher electronics content to get back to their
comfort zone,"
says a senior analyst at Technavio for research on
automotive electronics.

Global automotive throttle-by-wire-system
market: Segmentation analysis

This market research report segments the global automotive
throttle-by-wire-system market by application (passenger cars and
commercial vehicles) and geographical regions (APAC, EMEA, and the
Americas).

The passenger cars segment held the largest market share in 2017,
accounting for nearly 77% of the market. This application segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 52% of the
market share. The market share occupied by this region is anticipated to
increase by nearly 2% during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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