Drive-by-wire Industry Global Insights 2018
Posted by Abhijeet Bendre on January 10th, 2019
Drive-by-wire Market 2019 Global Industry Forecast to 2023 is latest Global Drive-by-wire Industry research report. Global Drive-by-wire Market is segmented 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. 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.
Global Drive-by-wire Industry Highlights:
The key players in Drive-by-wire market are Ballard Power Systems Inc. (Canada), ITM Power (U.K.), Hydrogenics (Canada), Plug Power (U.S.), Drive-by-wire Cooperation (Canada), and Ceramic Fuel Cells Ltd (Australia). Delphi Technologies (U.K.), Doosan Fuel Cell America (U.S.), Nedstack (The Netherlands) and Plug Power (U.S.) are among others.
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.
For more information on this Drive-by-wire Industry - Global Market Report @ https://www.marketresearchfuture.com/reports/drive-by-wire-market-5933
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.
Market Research Future
Office No. 528,
Amanora Chambers Magarpatta Road,
Like it? Share it!
About the AuthorAbhijeet Bendre
Joined: February 20th, 2018
Articles Posted: 604
More by this author