Drive-by-wire Market 2018 – Global Industry Forecast to 2023, is latest report on Global Drive-by-wire Market Size, Trends, Share, Growth, And Regional Outlook To 2023. Global Drive-by-wire Market 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.

Get Sample Copy Of Report At: https://www.marketresearchfuture.com/sample_request/5933

The prominent players in the drive-by-wire market include Robert Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.), TRW Automotive (U.S.), Nissan Motor Corporation (Japan), and P.S.A Citroen (France), and SKF Group (Sweden). Mobil Elektronik GmbH (Germany), Hitachi Automotive Systems, Ltd. (Japan), Continental Group (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Curtiss-Wright Corporation (U.S.), and Infineon Group (Germany) are among others.  

Market Highlights:

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 helps 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.

By application, the market has been segmented as throttle by wire, brake by wire, shift by wire, steer by wire and others. Amongst these, the steer-by-wire is expected to have the highest CAGR over the forecast period. This system is comprised of embedded software, integrated electronic control unit and control area network bus interface, which reduces the need for maintenance services during the life of the drive-by-wire system. This system also consists of electronic encoders that have sensors for tracking the steering wheel movement.

Geographically, the global drive-by-wire market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. Europe is expected to dominate the growth of the global drive-by-wire market. Countries such as Germany, Spain, U.K., Sweden, Italy, Belgium, France, and the Netherlands are contributing in the growth of the market over the forecast period. In Europe, Germany is projected to dominate the market owing to the presence of the large automotive market in the region.

Browse Complete Report At: 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.

Contact Info:

Market Research Future

Office No. 528,

Amanora Chambers Magarpatta Road,

Pune, India.,

sales@marketresearchfuture.com

Phone: +1 646 845 9312

This release was published on openPR.