Drive-by-wire Market Projection of Each Major Segment over the Forecast Period 2020 - 2027

Posted by Devanand on August 4th, 2022

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.

Drive-by-wire Market Research Methodologies

The analysts of the Drive-by-wire Market adopt advanced decision science approaches to identify current growth avenues and quantify them according to various segments relevant to the industries analyzed in the study. The team is always keen on adopting the most suitable business research methodologies to obtain and analyze customer data—a mix of primary and secondary research--including surveys, focus groups, and qualitative analysis to throw light on the market. As a result, the readers and other market participants can obtain all-inclusive insights on analyzing the external and internal environments shaping the marketing strategies.

Value Chain Analysis of Drive-by-wire Market: External & Internal Environment

The changing policy frameworks including monetary policies of governments and financial landscape exert a strong influence on the investments and R&D funding in the Drive-by-wire market. Together with this, the insights in the study present a deep-dive analysis of technological developments, ecological environment, and political and economic risks. The evaluation of the industry value chain also includes how social and cultural factors have shaped consumer behavior in the Drive-by-wire market.

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Some of the key questions scrutinized are

  •          What are the key trends in economic, social, and regulatory environments that shape the product development lifecycle?
  •          Which new products and services are expected to find demand in the Drive-by-wire market?
  •          Which digital technologies are likely to drive consumer-value driven strategies in the Drive-by-wire market?
  •          Which are some the key price decisions made by customers in major application areas/end-industries defining the profit potential of firms in the Drive-by-wire market?

Drive-by-wire Market: Strategies to Generate Customer Value

The MRFR report on the Drive-by-wire market presents an in-depth evaluation of the potential revenue size in key consumer and industrial segments. The report by MRFR analysts takes a closer look at vertical and horizontal marketing strategies that will boost the profitability metrics of the companies in the Drive-by-wire market. The study also scrutinizes distribution channel strategies while analyzing competitive strategies by leading companies in Drive-by-wire market.

Some of the key questions scrutinized are

  •          Which are some of the market nicher and follower strategies that positively impact demand in the Drive-by-wire market?
  •          What are some of the mergers and acquisitions and strategic alliances in recent years which have opened up new revenue streams in the Drive-by-wire market?
  •          Which demographics-based segmentation should new entrants focus on to enter the Drive-by-wire market?
  •          What are some of the strategic alliances between companies that have impacted the intensity of competition in the Drive-by-wire market?

Global Drive-by-wire Market Growth: Identifying and Analyzing Lucrative Regions and Countries

The business intelligence study on the Drive-by-wire market identifies lucrative regions, emerging markets, and the key dynamics impacting the channels of distribution across the globe. The study presents the share of some of the developing and developed regions in the global Drive-by-wire market. The authors have analyzed some of the recent policy changes that may hinder the growth potential of key Drive-by-wire markets.

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).     

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Joined: July 26th, 2022
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