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Drive-by-wire Market Driving Factors | Current Analysis | Estimated Forecast to 2023
Drive-by-wire Market Driving Factors | Current Analysis | Estimated Forecast to 2023
Drive-by-wire Market Driving Factors | Current Analysis | Estimated Forecast to 2023

Market Synopsis

As per theanalysis by the Market Research Future Reports, the global driveby wire market is expanding at a moderate CAGR of 9% during the forecastperiod from 2017 to 2023. The global drive by wire market 2020 is estimated towitness expansion during the forecast period due to the rising sales ofelectric vehicles and plug-in hybrid electric vehicles across the globe. Theusage of drive-by-wire technology in passenger cars also provides improvementsin fault recognition and regulation. Therefore, it also reduces the cost ofmaintenance of the vehicle. The rising demand for off-road vehicles has alsoresulted in the demand for the drive-by-wire market.  With the rising concern of increasingpollution, various rules and regulations have been implemented by the governmentof several countries.

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 The usage of drive-by-wire technology in anautomotive increases the fuel efficiency of an automotive by lessening theweight of the vehicle. The use of these systems improves the safety of thevehicle by offering computer-controlled systems such as lane assists systemsand electronic stability control. These systems are very efficient and demandlow maintenance, which increases their demand across commercial and passengercars. On the other hand, several authorities believe that mechanical systemsare more trustworthy. Besides, the drive-by-wire systems are more complicated,and hence, they are more expensive than mechanical controls. The growth of themarket is likely to be restricted due to the low rate of adoption among severalvehicle owners.

Market Segmentation

The globaldrive by wire market can be segregated on the basis of vehicle type,application, and region.

On the basisof vehicle type, the global drive by wire market can be classified into commercial vehicles and passenger cars. Between thesetwo segments, the commercial vehicle segment is estimated to experienceconsiderable growth during the review period.

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

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

Regional Analysis

On the basisof region, the global drive by wire market can be segregated into Europe, NorthAmerica, Asia-Pacific, and the Rest of the World (RoW). As per the analysis bythe MRFR, the European market is estimated to lead the global drive-by-wiremarket. With the presence of countries like Spain, Germany, Italy, Belgium,Netherlands, France, the U.K., the expansion of the market has expandedsignificantly. In the European region, Germany is estimated to lead the marketdue to the presence of the large automotive market in the region. The NorthAmerican market is expanding significantly due to the presence of developednations like Canada and the U.S. The regions are technically developed and arefast in adopting the latest techniques. The APAC region is estimated to expandsignificantly during the forecast period due to the presence of the fastestgrowing economies of the world such as India and China.

Key Players

The majorplayers of the global drive-by-wire market are Continental AG (Germany), Robert Bosch GmbH (Germany),  Curtiss Wright Corp. (U.S.), Nissan MotorCorporation (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 areHitachi 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).     

Table OfContent

1 ExecutiveSummary

2 Scope OfThe Report

2.1 MarketDefinition

2.2 Scope OfThe Study

2.2.1Definition

2.2.2Research Objective

2.2.3Assumptions

2.2.4 Limitations

2.3 ResearchProcess

2.3.1 PrimaryResearch

2.3.2Secondary Research

2.4 MarketSize Estimation

2.5 ForecastModel

3 MarketLandscape

3.1 Porter’sFive Forces Analysis

3.1.1 ThreatOf New Entrants

3.1.2Bargaining Power Of Buyers

3.1.3Bargaining Power Of Suppliers

3.1.4 ThreatOf Substitutes

3.1.5 SegmentRivalry

3.2 ValueChain/Supply Chain Analysis

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