Press release
Drive by Wire Market Size to Reach $35.18 Billion, Globally, by 2026 at 8.3% CAGR: Allied Market Research
Drive by Wire Market Trend
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/6233
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐ซ๐๐ฏ๐๐ง๐ฎ๐, ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ ๐จ๐ง๐-๐๐ข๐๐ญ๐ก
Based on region, Asia-Pacific contributed to the highest market share in terms of revenue, accounting for more than half of the global drive by wire market in 2018, and is expected to maintain its lead position during the forecast period. This is due to rise in startups focusing on autonomous driving technologies and favorable government policies. North America accounted for nearly one-fifth of the total market share in 2018. However, Europe is expected to register the fastest CAGR of 9.8% from 2019 to 2026, owing to R&D initiatives for autonomous vehicles and supportive government initiatives.
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 size share. Furthermore, development of smart cities present remarkable growth opportunities for the key players operating in the market.
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.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/drive-by-wire-market/purchase-options
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.
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 size growth.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/6233
๐๐ข๐ฌ๐ญ ๐๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
https://www.alliedmarketresearch.com/automotive-radar-market - Automotive RADAR Market
https://www.alliedmarketresearch.com/autonomous-vehicle-market - Autonomous Vehicle Market
https://www.alliedmarketresearch.com/connected-car-market - Connected Car Market
https://www.alliedmarketresearch.com/automotive-software-market - Automotive Software Market
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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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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