The global drive-by-wire market to expand at a CAGR of 9% by 2023

Posted by Preeti on April 1st, 2021

Market Synopsis

As per the analysis by the Market Research Future Reports, the global drive by wire market is expanding at a moderate CAGR of 9% during the forecast period from 2017 to 2023. The global drive by wire market 2020 is estimated to witness expansion during the forecast period due to the rising sales of electric vehicles and plug-in hybrid electric vehicles across the globe. The usage of drive-by-wire technology in passenger cars also provides improvements in fault recognition and regulation. Therefore, it also reduces the cost of maintenance of the vehicle. The rising demand for off-road vehicles has also resulted in the demand for the drive-by-wire market.  With the rising concern of increasing pollution, various rules and regulations have been implemented by the government of several countries. The usage of drive-by-wire technology in an automotive increases the fuel efficiency of an automotive by lessening the weight of the vehicle. The use of these systems improves the safety of the vehicle by offering computer-controlled systems such as lane assists systems and electronic stability control. These systems are very efficient and demand low maintenance, which increases their demand across commercial and passenger cars. On the other hand, several authorities believe that mechanical systems are more trustworthy. Besides, the drive-by-wire systems are more complicated, and hence, they are more expensive than mechanical controls. The growth of the market is likely to be restricted due to the low rate of adoption among several vehicle owners.

Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/5933

Market Segmentation

The global drive by wire market

 can be segregated on the basis of vehicle type, application, and region.

On the basis of vehicle type, the global drive by wire market can be classified into commercial vehicles and passenger cars. Between these two segments, the commercial vehicle segment is estimated to experience considerable growth during the review period.

On the basis of application, the global drive by wire market can be classified into shift by wire, brake by wire, throttle by wire, steer by wire, and others. among all, throttle by wire is estimated to lead the market during the review period.

On the basis of region, the global drive by wire market can be classified into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).

Regional Analysis

On the basis of region, the global drive by wire market can be segregated into Europe, North America, Asia-Pacific, and the Rest of the World (RoW). As per the analysis by the MRFR, the European market is estimated to lead the global drive-by-wire market. With the presence of countries like Spain, Germany, Italy, Belgium, Netherlands, France, the U.K., the expansion of the market has expanded significantly. In the European region, Germany is estimated to lead the market due to the presence of the large automotive market in the region. The North American market is expanding significantly due to the presence of developed nations like Canada and the U.S. The regions are technically developed and are fast in adopting the latest techniques. The APAC region is estimated to expand significantly during the forecast period due to the presence of the fastest growing economies of the world such as India and China.

Key Players

The major players of the global drive-by-wire market are  Continental AG (Germany), Robert Bosch GmbH (Germany),  Curtiss Wright Corp. (U.S.), Nissan Motor Corporation (Japan), T.R.W. Automotive (U.S.), P.S.A Citroen (France), and S.K.F. Group (Sweden). Apart from these, there are some other key players which are Hitachi Automotive Systems, Ltd. (Japan), Mobil Elektronik GmbH (Germany), Denso Corporation (Japan), Curtiss-Wright Corporation (U.S.), Z.F. Friedrichshafen AG (Germany), and Infineon Group (Germany).

Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/5933

Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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 Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India

     

Like it? Share it!


Preeti

About the Author

Preeti
Joined: January 13th, 2021
Articles Posted: 385

More by this author