Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Shift-By-Wire (SBW) Systems Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Automotive Shift-By-Wire (SBW) Systems Market Grow Between 2024 and 2025?
The market size of the automotive shift-by-wire (sbw) systems has seen substantial growth in the past years. The market value is projected to rise from $1.71 billion in 2024 to $1.85 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.7%.
How Much Will the Automotive Shift-By-Wire (SBW) Systems Market Be Worth in 2029?
The Automotive Shift-By-Wire (SBW) Systems market is predicted to reach a value of $2.64 billion in 2029, expanding at a compound annual growth rate (CAGR) of 9.2% over the next few years.
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Which Automotive Shift-By-Wire (SBW) Systems Market Drivers Are Linked to Revenue Growth?
The key drivers in the automotive shift-by-wire (sbw) systems market are:
• Expansion of electric and hybrid vehicle production
• Enhancement in system cost-effectiveness
• Growth in consumer preferences for user-friendly interfaces
• Increase in adoption of Advanced Driver Assistance Systems (ADAS) and demand for customizable vehicle experiences
Which Segments Are Expected to Grow in the Automotive Shift-By-Wire (SBW) Systems Market?
The automotive shift-by-wire (sbw) systems market covered in this report is segmented –
1) By Component: Electronic Control Unit (ECU), Sensors, Actuators, Wiring harness, Other Components
2) By Vehicle: Passenger Vehicles, Commercial Vehicles, Electric Vehicles
3) By Design Type: Joystick, Rotatory, Lever, Buttons, Other Design Types
4) By Technology: Electro-Mechanical, Fully electronic
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What Are The Key Trends Impacting Growth In The Global Automotive Shift-By-Wire (SBW) Systems Market?
The key trends in the automotive shift-by-wire (sbw) systems market are:
• There is a shift towards expanding electric and hybrid vehicle production.
• The focus on improvement in system cost-effectiveness is shaping the market.
• Developments in vehicle network and communication protocols are an emerging trend.
• The growth is increasingly influenced by advanced sensor and actuator technologies.
Who Are the Key Competitors in the Global Automotive Shift-By-Wire (SBW) Systems Market?
Major players in the automotive shift-by-wire (sbw) systems market are:
• ZF Friedrichshafen AG
• Denso Corporation
• Hyundai Mobis
• Mitsubishi Electric Corporation
• Eaton Corporation plc
• BorgWarner Inc.
• Tokai Rika Co. Ltd.
• Leopold Kostal GmbH & Co. KG
• Ficosa International S.A.
• Curtiss-Wright Corporation
• Eissmann Automotive Deutschland GmbH
• Dura Automotive Systems LLC
• Stoneridge Inc.
• Kongsberg Automotive ASA
• GHSP Inc.
• Atsumitec Co. Ltd.
• JOPP Holding GmbH
• Kuester Automotive GmbH
• Sila Group S.p.A.
• JATCO Ltd.
• Küster Holding GmbH
• Orscheln Products LLC.
Where Is the Automotive Shift-By-Wire (SBW) Systems Market Growing Fastest Between 2025 and 2029?
Europe was the largest region in the automotive shift-by-wire (SBW) systems market in 2024
