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Drive-By-Wire Market |Global Opportunity Analysis, Size, Share And Industry Forecast Report 2023-2032
Drive-By-Wire Global Market
Drive-By-Wire Market Size, Growth Rate, And Forecast
The global drive-by-wire market size is expected to grow from $21.94 billion in 2022 to $23.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global drive-by-wire market size is expected to reach $30.43 billion in 2027 at a CAGR of 6.5%.
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Drive-By-Wire Market Drivers
The rising adoption of autonomous vehicles is expected to propel the growth of the drive-by-wire market going forward. Automated vehicles refer to a vehicle that can sense their surroundings and function without human intervention. The drive-by-wire technology in autonomous vehicles allows the teleoperation software to deliver commands to the car using control techniques to steer, brake, accelerate, and change gears as needed, while simultaneously passing back data on the current vehicle status.
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Drive-By-Wire Market Segments
1) By Solution: Brake By Wire, Steer By Wire, Throttle By Wire, Shift By Wire, Other Solutions
2) By Component: Actuator, Electronic Control Unit, Electronic Throttle Control Module, Feedback Motor, Other Components
3) By Sensor Type: Gear Shift Position Sensor, Throttle Pedal Sensor, Brake Pedal Sensor, Hand Wheel Angle Sensor, Other Sensor Type
4) By Vehicle Type: Passenger Car, Commercial Vehicle, Electric Vehicle, Off-Highway Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Drive-By-Wire market.
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Drive-By-Wire Market Key Players
Major competitors in the Drive-By-Wire market include Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Nissan Motor Corporation, DENSO Corporation, Nexteer Automotive Group Ltd
The Table Of Content For The Drive-By-Wire Market Include:
1. Executive Summary
2. Drive-By-Wire Market Characteristics
3. Drive-By-Wire Market Trends And Strategies
4. Drive-By-Wire Market - Macro Economic Scenario
5. Drive-By-Wire Market Size And Growth
……
27. Drive-By-Wire Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Drive-By-Wire Market
29. Drive-By-Wire Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Drive-By-Wire Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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