Global Drive-by-wire Market 2019: Industry Analysis Research ReportPosted by Abhijeet Bendre on April 12th, 2019 Drive-by-wire Market Research Report Information 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 - Forecast To 2023 Drive-by-wire Market Insights: 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 in an automotive help 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 market. The drive-by-wire 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 systems are more complex and are therefore, more expensive than mechanical controls. Therefore, the drive-by-wire market has seen remarkable growth in the global market and it has been observed that, it is expected to grow at ~9% CAGR. 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. For more news on Drive-by-wire Market visit: About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Us: Amanora Chambers, Magarpatta Road, Hadapsar Pune – 411028 Maharashtra, India+1 646 845 9312 Like it? Share it! More by this author |