Global Shift-by-Wire System Market Insights and Forecast to 2028

Shift-by-wire is the system by which the transmission modes are engaged/changed in an automobile through electronic controls without any mechanical linkage between the gear shifting lever and the transmission. The transmission shifting was traditionally accomplished by mechanical links to put the vehicle in Park, Reverse, Neutral, and Drive positions through a lever mounted on the steering column or a gear shifter near the center console.
The Shift-by-Wire System industry can be broken down into several segments, Joystick, Rotatory, etc.
Market Analysis and Insights: Global Shift-by-Wire System Market
Due to the COVID-19 pandemic, the global Shift-by-Wire System market size is estimated to be worth US$ 658.6 million in 2022 and is forecast to a readjusted size of US$ 2118.7 million by 2028 with a CAGR of 21.5% during the review period. Fully considering the economic change by this health crisis, Joystick accounting for % of the Shift-by-Wire System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Oil-Fueled Vehicle segment is altered to an % CAGR throughout this forecast period.
As for the Global Shift-by-Wire System market, there are several key manufacturers like ZF, Kongsberg, Ficosa, etc. The market is not only influenced by the price but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product types, better technical and impeccable after-sales service.
Asia-Pacific is the largest consumption region of Shift-by-Wire System, with a consumption market share nearly 41 %. The second is Europe; following Asia-Pacific with the consumption market share over 30%.
Based on type, Joystick is more popular in Europe than other types. Joystick is the largest market segment of Shift-by-Wire System, with a consumption market share over 65%.
According to the application, Oil-fueled Vehicle is the largest market segment, with a consumption market share nearly 92%.
In terms of production side, this report researches the Shift-by-Wire System capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Shift-by-Wire System by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Shift-by-Wire System Scope and Segment
Shift-by-Wire System market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Shift-by-Wire System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Joystick
Rotary
Lever
Button
Segment by Application
Oil-Fueled Vehicle
Hybrid Electric Vehicle
Electric Vehicle
By Company
ZF Friedrichshafen AG
Kongsberg Automotive Holding ASA
Ficosa Internacional SA
Tokai Rika
GHSP
KOSTAL Group
Eissmann Group Automotive
Küster Holding GmbH
Sila Group
Curtiss-Wright
ATSUMITEC CO.LTD
Ningbo Gaofa Automotive Control System Co. LTD
Ningbo Depulong Automobile System Co., Ltd.
NanJing AoLian AE&EA Co.,Ltd
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE