Drive-By-Wire Market 2018 Global Industry Trends, Size, Opportunities, Key Players, Competitive Landscape And Growth Forecast To 2023

“”Drive-By-Wire Market””
Drive-By-Wire Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Drive-By-Wire Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.

Drive-By-Wire Market 2018 Research Report, is latest research report explores comprehensive information on Global Drive-By-Wires Market With Forecast To 2023. Drive-By-Wires Market segments analyzed by Application (Throttle by wire, Brake by wire, Shift by wire, Steer by wire, others), by Vehicle type (Passenger cars, Commercial Vehicles) and by Region.

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Drive-By-Wire Market Key Players Studied In This Report Are:

Robert Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.), TRW Automotive (U.S.), Nissan Motor Corporation (Japan), and P.S.A Citroen (France), and SKF Group (Sweden). Mobil Elektronik GmbH (Germany), Hitachi Automotive Systems, Ltd. (Japan), Continental Group (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Curtiss-Wright Corporation (U.S.), and Infineon Group (Germany).

Market Scenario:

The drive-by-wheel technology has brought about significant advances in the automotive industry. Drive-by-wire technology refers to the incorporation of electrical devices that replace mechanical controls like hydraulic pressure, cables, and other things. The technology is most commonly found in tractors and forklifts even though its application has been found in concept cars. The global drive-by-wire market is foreseen to expand with a CAGR of 9% over the forecast period 2017-2023; reveals a recent study by Market Research Future (MRFR). Drive-by-wire technology improves safety by facilitating more automated control, enhances the flexibility of automotive systems, simplifies car’s interior designs, and eliminates the problems of mechanical systems. Shift in the automotive industry from mechanical systems to electrically controlled systems has provided opportunities for growth of drive-by-wire technology. The emergence of autonomous vehicles has provided an impetus to the growth of the drive-by-wire market. Drive-by-wire technology finds intensive application in autonomous vehicles and adoption of autonomous cars boosts the market for drive-by-wire technology. Additionally, the drive-by-wire technology uses purely electromechanical systems which improves fuel economy and eliminates the emission of hazardous hydraulic fluids. Growing demand for environment-friendly vehicles and increasing regulatory measures for curbing environmental emissions has resulted in heightening the demand for drive-by-wire technology. Increased adoption in high-end cars, investment by manufacturers in the R&D of the technology, growth in demand for off-road vehicles further propel the growth of the market. Various application of drive-by-wire in industrial electric vehicles, harvesters, mowers, utility vehicles, tractors, construction and mining equipment, forklifts, mowers, utility vehicles, and other off-road vehicles also aids in market expansion. Restraining factors include complexity and higher price than mechanical controls. Moreover, the drive-by-wire technology uses software that might malfunction and fail regardless of several safety measures; safety concerns are likely to hamper the market growth. The drive-by-wire system is complex and has a low adoption rate among consumers.

Segmentation

The global drive-by-wire market has been segmented based on application and vehicle type. By application, the market has been segmented into throttle by wire, shift-by-wire, steer-by-wire, brake-by-wire, and others. By vehicle type, the market has been segmented into passenger cars and commercial vehicles. Amongst the application segment, the steer-by-wire sub-segment is expected to exhibit the highest CAGR over the forecast period. For instance, Nissan Infiniti uses the steer-by-wire technology in its vehicles. It is the first mass-produced road vehicles to use such an electronic control system. Nissan has provided a backup clutch system which might be used in the event of a problem, but the company is hopeful that eventually the backup system would not be required and the steer-by-wheel technology will facilitate operation from the back seat or even with the help of a joystick. Among the vehicle type segment, the commercial vehicle sub-segment is expected to witness significant growth over the forecast period.

Regional Analysis

Regionally, the global drive-by-wire market has been segmented into the four major regions of North America, Europe, Asia-Pacific and Rest of the World. Europe is anticipated to dominate the market owing presence of significant car manufacturing countries such as Germany, Sweden, U.K., Italy, Belgium, Spain, Netherlands, and France. Germany is the major contributor of the Europe market owing to the presence of a large number of automotive companies in the region. The Asia-Pacific market is slated to exhibit steady growth due to rapidly growing car market, and adoption of automotive electronics in the region.

Competitive Landscape

The global drive-by-wire market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global drive-by-wire market. The market participants are trying to come up with advancements in the drive-by-wire technology systems.

Industry Trends/Updates:

Textron Off-Road innovated its first off-road vehicle lineup using drive-by-wire throttle technology which is programmed to maintain smooth power delivery even when riding over rough terrain.

The report for Global Drive-by-wire Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

List of Tables:

Table 1 Global Drive-By-Wire Market: By Region, 2017-2023

Table 2 North America Drive-By-Wire Market: By Country, 2017-2023

Table 3 Europe Drive-By-Wire Market: By Country, 2017-2023

Table 4 Asia Pacific Drive-By-Wire Market: By Country, 2017-2023

Table 5 RoW Drive-By-Wire Market: By Country, 2017-2023

Table 6 Global Drive-By-Wire Market, By Application: By Regions, 2017-2023

Table 7 North America Drive-By-Wire Market, By Application: By Country, 2017-2023

Table 8 Europe Drive-By-Wire Market, By Application: By Country, 2017-2023

Table 9 Asia Pacific Drive-By-Wire Market, By Application: By Country, 2017-2023

Table 10 RoW Drive-By-Wire Market, By Application: By Country, 2017-2023

Continued…

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