Global Drive-By-Wire Market Evaluation and Forecast Outlook Exhibiting Favorable CAGR of 15% during 2017 to 2025

In recent years, the growing demand for drive-by-wire technology in automobiles has given significant impact on its market growth. Due to the increasing number of legislations and mandates by governments, especially in developed nations which are aiming to control polluting vehicular emissions acts as a major driver for this market, because drive-by-wire technology helps in achieving just that by increasing fuel efficiency and reducing the weight of the vehicle. To explore more information on this rapidly growing market, Market Research Hub (MRH) has included a new study to its wide database which is titled as “Drive-By-Wire Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.

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Drive-By-Wire Technology is emerging technology in automobile industry which replaces traditional mechanical control system by the modern electronic control system, such as throttle control, braking, steering and gear shifting by electronic systems. Based on vehicle type, it has been categorized into passenger vehicles and commercial vehicles.

This 151-pages forecast study provides a holistic outlook on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, such as North America, Europe, Asia Pacific, Middle East & Africa and Latin America. As per the key highlights of the study, the global drive-by-wire market witnessed to become worth US$59.5 bn in terms of revenue by 2025 from US$18.22 bn in 2016. At this pace, the market will grow at a robust 15.0% CAGR during the period between 2017 and 2025. One of the prime factors is rising share of electronics or semiconductor value in the total cost of the vehicle which is increasing the adoption of drive-by-wire technologies.

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The next section talks about the market segmentation which includes segregation on the basis of vehicle type and application. At present, Drive-by-wire or x-by-wire application is increasing in forklifts, harvesters, tractors, construction and mining equipment, industrial electric vehicles, mowers, utility vehicles, and other off-road vehicles. Moreover, the research study finds an opportunity for drive-by-wire market, which is the rising sale of plug-in electric vehicles including electric vehicles and plug-in hybrid electric vehicles across the world. In terms of geography, Asia-Pacific holds the maximum market share. The Y-o-Y growth in plug-in electric vehicle sales is highest is China, followed by the U.S, Europe and Japan. In global sale of plug-in electric vehicles more than 90% plug-in electric vehicles are sold in China, Europe, the U.S., Japan and Canada respectively.

As the report concludes, readers are offered information about the competitive landscape, which details about the various players active in the global drive-by-wire market on the basis of market presence, strategic overview, and SWOT analysis. The report includes profiles of major drive-by-wire technology suppliers including Robert Bosch GmbH, Delphi Automotive PLC, SKF Group, Mobil Elektronik GmbH, Hitachi Automotive Systems, Ltd., Continental Group, Denso Corporation, ZF Friedrichshafen AG, Curtiss-Wright Corporation and Infineon Group among others.

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