Press release
Demand for Drive-by-Wire Market to Rise Significantly from Key End-use Industry Sectors
Rise in the advanced technologies and innovations in the automotive technology enables create lucrative opportunities for the companies which are plunged in the automotive industry. Drive-by-Wire technology is an advanced vehicle control methodology, it is incorporation of mechanical linkages within vehicle. The technology replaces traditional mechanical control systems with electrical control systems using the electromechanical actuators and human machine interfaces steering and pedal. The components such as steering columns, pumps, shafts, belts, master cylinders, vacuum servos are eliminated from the vehicle. The safety can be enhanced by providing the computer controlled systems such as adaptive cruise control, electronic stability control, and lane assist systems. Increased capability due to fault diagnosis and monitoring. Purely electromechanical devices enables elimination of environmental hazardous hydraulic fluids.
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Drive-by-Wire Market: Dynamics
The Drive-by-Wire market can be driven by the following factors, Increase in the technological advancements and innovations in drive-by-market enables increase the adoption of people towards drive-by-wire market. Drive-by-wire technology replaces mechanical linkages with electrical components actuators, sensors, batteries which enables reduce weight and increase fuel economy.
The electronic control systems such as sensors, actuators offers accurate and precise results. The advanced features and engine ergonomics enables drive the global drive-by-wire market. However, Drive-by-Wire is costlier than the conventional devices, which may hamper the global Drive-by-Wire market.
Drive-by-Wire Market: Segmentation
Based on System by Type
• Acceleration by Wire
• Brake by Wire
• Steering by Wire
• Shift by Wire
• Park By Wire
Based on Vehicle Type
• Commercial Vehicle
• Passenger Vehicle
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Drive-by-Wire Market: Regional Outlook
Global market is segmented into seven key regions, those are North America (N.A), Latin America (L.A), Eastern Europe (E.E), Western Europe (W.E), Asia-Pacific Excluding Japan (APEJ), Middle East and Africa (MEA), and Japan.
North America is anticipated to have a maximum market share in global market due to increased awareness among the people in the countries like US and Canada. Asia-Pacific follows North America in terms of market share in global drive-by-wire market owing to the drastic change in Asian countries economy as well as automotive industry in Japan, India and china.
European region is expected to witness a significant contribution in global drive-by-wire market. The global drive-by-wire market is anticipated to account for significant CAGR as well as lucrative opportunities for the companies over the forecast period.
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Drive-by-Wire Market: Key Players
Some of the key players are
• Robert Bosch GmbH
• Peugeot
• Audi
• Danaher Motion
• Nissan
• TORC Robotics Inc.
• RLP Engineering
• TRW
• SKF Group
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Global Automotive Electrical Products market offers information divided into these key segments - market size, valuation, CAGR, revenue, regional outlook, growth demand & projections.
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