Drive-by-wire technology Market Highlights:
The growth of this market is majorly driven by an increase in number of laws and mandates by governments with the objective of controlling the vehicular emissions. The use of Drive-by-wire technology technology in an automotive helps increase the fuel efficiency of the automotive by reducing the weight of the vehicle. Growth in the demand for off-road vehicles is also driving the demand for Drive-by-wire technology market.
Drive-by-wire technology Market Key Companies Analyzed in This Report:
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) are among others.
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Market Research Analysis:
The Drive-by-wire technology market is expected to experience significant growth opportunities over the forecast period owing to the increase in sales of electric vehicles and plug-in hybrid electric vehicles across nations, such as China, Europe, U.S., Japan, and Canada. However, various regulatory authorities believe that mechanical systems are more reliable as compared to the electronic systems. Also, the Drive-by-wire technology systems are more complex and are therefore, more expensive than mechanical controls. Therefore, the Drive-by-wire technology market has seen remarkable growth in the global market and it has been observed that, it is expected to grow at ~9% CAGR.
By application, the market has been segmented as throttle by wire, brake by wire, shift by wire, steer by wire and others. Amongst these, the steer-by-wire is expected to have the highest CAGR over the forecast period. This system is comprised of embedded software, integrated electronic control unit and control area network bus interface, which reduces the need for maintenance services during the life of the Drive-by-wire technology system. This system also consists of electronic encoders that have sensors for tracking the steering wheel movement.
Geographically, the global Drive-by-wire technology market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. Europe is expected to dominate the growth of the global Drive-by-wire technology market. Countries such as Germany, Spain, U.K., Sweden, Italy, Belgium, France, and the Netherlands are contributing in the growth of the market over the forecast period. In Europe, Germany is projected to dominate the market owing to the presence of the large automotive market in the region.
Scope of the Report:
This study provides an overview of the global Drive-by-wire technology market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
The report for Global Drive-by-wire technology 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.
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