Market Overview:
The global wire actuator market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for electric vehicles and rising adoption of advanced technologies in the automotive industry. Based on type, the global wire actuator market has been segmented into CAN module, electronic control unit (ECU), solenoid actuator and others. The ECU segment is expected to account for a major share of the global wire actuator market during the forecast period owing to its high adoption in passenger vehicles. On basis of application, the global wire actuator market has been classified into passenger vehicles and commercial vehicles. Passenger vehicles are anticipated to account for a larger share of the overall market during 2018-2030 owing to rising demand for luxury cars across different regions worldwide.
Product Definition:
Shift by Wire actuators are used to change the gears in a transmission. They are important because they allow drivers to easily and smoothly change gears without having to use their hands.
CAN Module:
The Control Area Network (CAN) module is a computer-controlled network that allows the integration of various automotive components. It helps in controlling and monitoring the vehicle engine, brakes, transmission, body functions such as lights and sounds along with other systems. The Shift by wire actuator uses this technology for its operation.
This technology has gained popularity owing to its ability to reduce wiring harnesses which are prone to damage and wear & tear; thus increasing reliability of the system.
Electronic Control Unit (ECU):
The Electronic Control Unit (ECU) is a device that controls the engine and other systems in an automobile. It's primary function is to monitor the air, fuel, and water temperatures; as well as several other parameters that affect the performance of an engine. The Shift by Wire Actuator uses ECU for shifting without any physical movement of gear lever or buttons on the steering wheel.
Application Insights:
The passenger vehicles segment held the largest share of over 70.0% in 2017. The rising demand for electric and hybrid electric vehicles is expected to drive the market over the forecast period. Moreover, stringent government regulations regarding shift by wire actuators in favor of hybrid and electric cars are anticipated to augment industry growth over the coming years.
The commercial vehicles segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand for diesel engines as they provide better performance than their gasoline counterparts on uneven roads and rough terrain driving conditions, which makes them more suitable for off-road applications such as mining trucks, construction equipment etc., thereby boosting industry growth across different regions globally during this period.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest growth over the forecast period owing to increasing demand for automobiles in emerging economies such as India and China. The growing adoption of electric vehicles is also expected to drive the market in this region. Furthermore, rising disposable income levels are projected to boost sales of premium cars, which will further propel market growth over the coming years.
Europe was estimated as being a major regional segment in 2017 and accounted for around 30% of overall revenue share that year. This can be attributed primarily to Germany's shift by wire actuator industry having matured and developed along with automotive electronics technology during recent decades. However, other countries such as France have also witnessed strong sales of passenger cars since 2010 due high demand among consumers opting for fuel-efficient models with improved performance characteristics compared with their counterparts using conventional automated manual transmissions (AMT).
Growth Factors:
- Increasing demand for electric vehicles
- Growing awareness about the benefits of electric vehicles
- Government initiatives and subsidies for electric vehicles
- Development of advanced technologies that improve the performance of electric vehicles
- Rising consumer preference for environment-friendly products
Scope Of The Report
Report Attributes
Report Details
Report Title
Shift by Wire Actuator Market Research Report
By Type
CAN Module, Electronic Control Unit (ECU), Solenoid Actuator, Others
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
ABB, Stoneridge，Inc., Dura Automotive, Ficosa, Kongsberg Automotive, ZF, Rockwell Automation, Altra Industrial Motion, Moog, Curtiss Wright
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Shift by Wire Actuator Market Report Segments:
The global Shift by Wire Actuator market is segmented on the basis of:
Types
CAN Module, Electronic Control Unit (ECU), Solenoid Actuator, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Stoneridge，Inc.
- Dura Automotive
- Ficosa
- Kongsberg Automotive
- ZF
- Rockwell Automation
- Altra Industrial Motion
- Moog
- Curtiss Wright
Highlights of The Shift by Wire Actuator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CAN Module
- Electronic Control Unit (ECU)
- Solenoid Actuator
- Others
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shift by Wire Actuator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A shift by wire actuator is a type of electric motor that uses electrical signals to control the movement of its rotor. This type of actuator is often used in industrial applications, such as robotics and machine tools.
Some of the major companies in the shift by wire actuator market are ABB, Stoneridge，Inc., Dura Automotive, Ficosa, Kongsberg Automotive, ZF, Rockwell Automation, Altra Industrial Motion, Moog, Curtiss Wright.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shift by Wire Actuator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shift by Wire Actuator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shift by Wire Actuator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shift by Wire Actuator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shift by Wire Actuator Market Size & Forecast, 2020-2028
4.5.1 Shift by Wire Actuator Market Size and Y-o-Y Growth
4.5.2 Shift by Wire Actuator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 CAN Module
5.2.2 Electronic Control Unit (ECU)
5.2.3 Solenoid Actuator
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shift by Wire Actuator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shift by Wire Actuator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 CAN Module
9.6.2 Electronic Control Unit (ECU)
9.6.3 Solenoid Actuator
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 CAN Module
10.6.2 Electronic Control Unit (ECU)
10.6.3 Solenoid Actuator
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 CAN Module
11.6.2 Electronic Control Unit (ECU)
11.6.3 Solenoid Actuator
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 CAN Module
12.6.2 Electronic Control Unit (ECU)
12.6.3 Solenoid Actuator
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 CAN Module
13.6.2 Electronic Control Unit (ECU)
13.6.3 Solenoid Actuator
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shift by Wire Actuator Market: Competitive Dashboard
14.2 Global Shift by Wire Actuator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Stoneridge，Inc.
14.3.3 Dura Automotive
14.3.4 Ficosa
14.3.5 Kongsberg Automotive
14.3.6 ZF
14.3.7 Rockwell Automation
14.3.8 Altra Industrial Motion
14.3.9 Moog
14.3.10 Curtiss Wright
