openPR Logo
Press release

Drive by Wire Market - Drive-by-Wire Shows Potential in Future Vehicle Structure by Continental, Robert Bosch, Nissan Motor, DENSO, NEXTEER, Kongsberg, Ficosa, Curtiss-Wright Corporation, Hitachi Automotive

03-17-2020 01:45 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Drive-by-Wire Market

Drive-by-Wire Market

Drive-by-Wire Market 2020-2026 Based on application, the throttle by wire segment dominated the global drive by wire market in 2018, in terms of revenue. In addition, based on vehicle type, the electric vehicle segment is expected to exhibit lucrative growth during the forecast period. At present, Asia-Pacific is the highest revenue contributor, and is expected to garner the highest revenue in the global market during the forecast period, followed by Europe, North America and LAMEA.

Download Report Sample (319 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/6233

The key players analyzed in this drive by wire market report are Continental AG, Robert Bosch GmbH, ZF Friedrichshafen, Nissan Motor Corporation, DENSO Corporation, NEXTEER AUTOMOTIVE GROUP LIMITED, Kongsberg Automotive, Ficosa Corporation (Panasonic Corporation), Curtiss-Wright Corporation, Hitachi Automotive, and others.

According to a recent report published by Allied Market Research, titled, " Drive by Wire Market by Application, Vehicle Type, and Component: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global drive by wire market size was valued at $18.76 billion in 2018, and is projected to reach $35.18 billion by 2026, registering a CAGR of 8.3% from 2019 to 2026.

Schedule A Call With Our Industry Experts/Analyst To Gain More Knowledge on Drive-by-Wire Technology: https://www.alliedmarketresearch.com/connect-to-analyst/6233

Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the Asia-Pacific drive by wire market share in 2018 and is expected to grow at a significant rate during the forecast period.

Autonomous vehicles have several advantages over traditional vehicles from improved safety to reduction in fuel and traffic congestion and emissions. An autonomous vehicle is installed with a number of sensors including LiDAR, RADAR, camera, GPS, and drive by wire system. These sensors are short range (providing details of moving objects near the vehicle) as well as long range (providing details of high-speed oncoming vehicles) to help the vehicle sense any object or obstacle in its way, thus eliminating the chances of accidents. Whereas, drive by system electronically controls the functions of vehicle rather than traditional mechanical linkages.

Request For Customization Of This Report: https://www.alliedmarketresearch.com/request-for-customization/6233

Autonomous vehicles can also help reduce traffic congestion. Based on a study by University of Illinois, it was proved that one autonomous car stuck in a traffic congestion with 20 other human driven cars, can ease the congestion by controlling its pace and hence speed of all the other cars in the jam. However, rise in focus on development of autonomous vehicle is anticipated to propel the growth of the drive by wire market size.

The transportation infrastructure around the globe is evolving remarkably owing to the rapid adoption of Internet of Things (IoT). Companies such as Cisco and IBM have created digital platforms, which can automate street and traffic lights, optimize trash pickup, and augment surveillance. For instance, installation of IoT sensors in Las Vegas streets has managed to control traffic congestion and solve environmental issues. Connected infrastructure includes car parks, toll booths, and Smart Street and traffic lights, which in turn boosts the growth of the autonomous vehicle market and eventually DbW market. Thus, growth of connected infrastructure creates favorable conditions for adoption of autonomous vehicle, which in turn drives the drive by wire market growth.

Top home security manufactures are launching new home security systems with IoT and wireless technologies that allow users to remotely access home security. Addition of such technologies in home security systems result in emergence of new range of smarter home security systems with improved intrusion detection quality. However, adoption of artificial intelligence and deep learning in security systems is expected to deliver advanced level of security and comfort to the customer. Thus, adoption of deep learning and artificial intelligence in home security system is anticipated to provide potential growth opportunities for the players operating in the drive by wire market.

Make Enquiry Before Making Decision To Purchase This Report: https://www.alliedmarketresearch.com/purchase-enquiry/6233

Adoption of drive by wire systems began about 20 years ago, first in military, and later in commercial aircrafts and now in ground transportation sector. Traditional vehicles used hydraulic pressure, cables, and other ways to provide driver with direct and physical control over the direction and speed of the vehicle. Whereas, drive by wire technology uses electronics control to carry out the functioning of brakes, steering, and operate other systems. In addition, the cost of designing, manufacturing, and installing drive by wire system is costly and adds up to the cost of vehicle. Thus, high price associated with drive by wire system is anticipated to hinder the growth of the market.

Rise in development of autonomous vehicles drives the growth of the drive by wire market. In addition, growth of connected infrastructure is anticipated boost the growth of the market. However, high cost of drive by wire system and threat of data hacking and malfunctioning is expected to hinder the drive by wire market share. Furthermore, development of smart cities present remarkable growth opportunities for the key players operating in the market.

Drive by Wire Market to Reach $35.18 Bn, Globally, by 2026 at 8.3% CAGR: Allied Market Research | https://www.prnewswire.com/news-releases/drive-by-wire-market-to-reach-35-18-bn-globally-by-2026-at-8-3-cagr-allied-market-research-300997530.html

Key Findings of the Drive by Wire Market:
o Based on application, the park by wire segment is anticipated to grow at a remarkable growth rate during the forecast period.
o Based on vehicle type, the passenger car segment was the highest revenue contributor in 2018.
o Based on component, actuator is the largest segment in terms of revenue in 2018, and is anticipated to maintain its lead during the forecast period.
o Based on region, Asia-Pacific contributed the highest drive by wire market revenue in 2018, followed by Europe, North America, and LAMEA.

Drive by Wire Market to Reach $35.18 Billion by 2026 at 8.3% CAGR: AMR | https://www.globenewswire.com/news-release/2020/03/09/1997278/0/en/Drive-by-Wire-Market-to-Reach-35-18-Billion-by-2026-at-8-3-CAGR-AMR.html

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Drive by Wire Market - Drive-by-Wire Shows Potential in Future Vehicle Structure by Continental, Robert Bosch, Nissan Motor, DENSO, NEXTEER, Kongsberg, Ficosa, Curtiss-Wright Corporation, Hitachi Automotive here

News-ID: 1971422 • Views: 172

More Releases from Allied Market Research

Brain Health Supplements Market – Know Latest Trends & Forecast for Long-Term …
UPDATE AVAILABLE ON-DEMAND Brain health supplements are balanced blend of herbal extracts and nutrients that are used to improve brain functions such as concentration, focus, and memory. The global brain health supplements market was valued at $3,194 million in 2016, and is expected to reach $5,813 million by 2023, growing at a CAGR of 8.8% from 2017 to 2023. Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/4581 Rise in awareness about brain health supplements, growth in number
Apheresis Market to High trend Opportunities offers Future Business Growth by 20 …
UPDATE AVAILABLE ON-DEMAND According to the report by Allied Market Research, the global Apheresis market is estimated to register a CAGR of 7.3% from 2017 to 2023. The research helps leading players and startups to devise new strategies based on current market trends and changing dynamics. Competitive landscape is mentioned in the report based on business segments, products portfolio, and strategic moves & developments of leading market players. Detailed segmentation assists
Medical Computer Carts Market New Business Opportunities and Investment Research …
UPDATE AVAILABLE ON-DEMAND According to the research report published by Allied Market Research, the global Medical Computer Carts market is expected to register a CAGR of 17.3% from 2017 to 2023. The research includes changing market dynamics, top impacting factors, key investment pockets, value chain, and competitive scenario. Through tabular and graphical representation, the report offers key insights on different aspects of the market such as current market size and estimations,
Medical Simulation Market Huge Demand in COVID-19: Regional Outlook, Trends, Key …
The Medical Simulation market report offers a comprehensive analysis of the study of the industry. The report provides the proper segmentation along with all the CAGR values for the forecast period 2020-2027. A wide range of features including the drivers, restraints, and future opportunities are also provided through the report. The report along with it also involves the analyses of rising trends and upcoming challenges in the market. The marketing

All 5 Releases


More Releases for Drive

Global Harmonic Drive Market 2018 - BENRUN Robot, Nidec-Shimpo, China Harmonic D …
Apex Market Reports, recently published a detailed market research study focused on the “Harmonic Drive Market” across the global, regional and country level. The report provides 360° analysis of “Harmonic Drive Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Harmonic Drive on
Harmonic Drive Gear Reduction
Publisher Research announces that it has published a new study Harmonic Drive Precision Strain Wave Reducer Gearboxes and RV and RD Reducers: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 230 pages, 141 tables and figures. The leading vendors in the harmonic drive industry have invested in high-quality technology and processes to develop leading edge reducer strain relief gearbox capability. Request Sample Copy at http://www.reportsweb.com/inquiry&RW00011308042/sample Harmonic
Hard Disk Drive Market 2017-2027 Expected to Drive Growth
In recent past it has been observed that the Hard disk drive market is negatively affected, driven by falling sales in the PC market. But a trend that helped to boost the market growth is the innovation of high-storage portable external hard disks. Hard disk drive market is directly affected by the flash-based SSDs. In now days the adaptation of flash based SSDs in Laptops and personal computers continue
Harmonic Drive Market Forecasts – HDSI, Leaderdrive, Beijing CTKM Harmonic Dri …
For overview analysis, the report introduces Harmonic Drive Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. Harmonic Drive Market : Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It
Harmonic Drive Market 2017- HDSI, Leaderdrive, Beijing CTKM Harmonic Drive
The Global Harmonic Drive Market 2017 Industry Research Report focused on major manufacturers, regions, type as well as application of the Harmonic Drive industry.“Harmonic Drive is a compact, high performance, precision reduction gear. It is one of the key components used in robotic products such as collaborative work robots. The gear consists of only 3 basic parts (Wave Generator, Flex spline, and Circular Spline). It provides excellent features not
New Compact Linear Drive
PIShift drives are compact and cost-efficient piezo linear drives from PI (Physik Instrumente), the Karlsruhe specialist for positioning systems. The drives use the stick-slip effect and, due to the high operating frequency of more than 20 kHz, they are noiseless. The load is coupled to the moving rod. Typical applications of drives operating with this principle are the adjustment of optical and opto-mechanical components, cell manipulation as well as industrial applications