Drive By Wire Market 2019 Global Analysis, Trends, Share, Size, Growth Insight, Emerging Technologies, Competitive Overview, And Regional Forecast To 2023

Drive By Wire Market is segmented by Application (Throttle by wire, Brake by wire, Shift by wire, Steer by wire, others), by Vehicle type (Passenger cars, Commercial Vehicles) and by Region - Forecast To 2023.

Pune, India - April 2, 2019 /MarketersMedia/ —

Drive By Wire Market to rise at 9% CAGR and reach remarkable market value during 2019 and 2023 due to increase in number of laws and mandates by governments with the objective of controlling the vehicular emissions. The use of Drive By Wire technology in an automotive help increase the fuel efficiency of the automotive by reducing the weight of the vehicle. Growth in the demand for off-road vehicles is also driving the demand for Drive By Wire market, according to Global Drive By Wire Market 2019 - Industry Report published by "Market Research Future".

Get Free Sample Drive By Wire Market Research Report - Global Forecast to 2022 Report at: https://www.marketresearchfuture.com/sample_request/5933

Key Players Profiled in the latest report by Market Research Future include:

Robert Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.), TRW Automotive (U.S.), Nissan Motor Corporation (Japan), and P.S.A Citroen (France), and SKF Group (Sweden). Mobil Elektronik GmbH (Germany), Hitachi Automotive Systems, Ltd. (Japan), Continental Group (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Curtiss-Wright Corporation (U.S.), and Infineon Group (Germany) are among others.  

Drive By Wire Market Overview:

Moreover, the Drive By Wire technology uses software that might malfunction and fail regardless of several safety measures; safety concerns are likely to hamper the market growth. The Drive By Wire system is complex and has a low adoption rate among consumers. The Drive By Wire market is expected to experience significant growth opportunities over the forecast period owing to the increase in sales of electric vehicles and plug-in hybrid electric vehicles across nations, such as China, Europe, U.S., Japan, and Canada.

Additionally, the Drive By Wire technology uses purely electromechanical systems which improves fuel economy and eliminates the emission of hazardous hydraulic fluids. Growing demand for environment-friendly vehicles and increasing regulatory measures for curbing environmental emissions has resulted in heightening the demand for Drive By Wire technology. Increased adoption in high-end cars, investment by manufacturers in the R&D of the technology, growth in demand for off-road vehicles further propel the growth of the market.

 The use of Drive By Wire technology in passenger cars also facilitates improvements in the fault diagnosis and monitoring, thereby reducing the cost of maintenance of the vehicle. The system comprises electromagnetic actuators, which helps modulate the amount of fuel to be supplied to the cylinder. The use of these systems also enhances the safety of the vehicle by providing computer-controlled systems, such as lane assist systems and electronic stability control.

However, various regulatory authorities believe that mechanical systems are more reliable as compared to the electronic systems. Also, the Drive By Wire systems are more complex and are therefore, more expensive than mechanical controls. Therefore, the Drive By Wire market has seen remarkable growth in the global market and it has been observed that, it is expected to grow at ~9% CAGR.

Segmental Analysis:

The global Drive By Wire market has been segmented based on application and vehicle type.

By application, the market has been segmented into throttle by wire, shift-by-wire, steer-by-wire, brake-by-wire, and others.

By vehicle type, the market has been segmented into passenger cars and commercial vehicles. Amongst the application segment, the steer-by-wire sub-segment is expected to exhibit the highest CAGR over the forecast period. For instance, Nissan Infiniti uses the steer-by-wire technology in its vehicles. It is the first mass-produced road vehicles to use such an electronic control system. Nissan has provided a backup clutch system which might be used in the event of a problem, but the company is hopeful that eventually the backup system would not be required, and the steer-by-wheel technology will facilitate operation from the back seat or even with the help of a joystick.

Among the vehicle type segment, the commercial vehicle sub-segment is expected to witness significant growth over the forecast period.

Detailed Regional Analysis:

Geographically, the global Drive By Wire market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World.

Europe is expected to dominate the growth of the global Drive By Wire market. Countries such as Germany, Spain, U.K., Sweden, Italy, Belgium, France, and the Netherlands are contributing in the growth of the market over the forecast period. In Europe, Germany is projected to dominate the market owing to the presence of the large automotive market in the region.

TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 RESEARCH OBJECTIVES

2.2.2 ASSUMPTIONS & LIMITATIONS

2.3 MARKETS STRUCTURE

3 MARKET RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 SECONDARY RESEARCH

3.3 PRIMARY RESEARCH

3.4 FORECAST MODEL

4 MARKET LANDSCAPE

4.1 FIVE FORCES ANALYSIS

4.1.1 THREAT OF NEW ENTRANTS

4.1.2 BARGAINING POWER OF BUYERS

4.1.3 BARGAINING POWER OF SUPPLIERS

4.1.4 THREAT OF SUBSTITUTES

4.1.5 SEGMENT RIVALRY

4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL DRIVE BY WIRE MARKET

5 INUSTRY OVERVIEW OF GLOBAL DRIVE BY WIRE MARKET

5.1 INTRODUCTION

5.2 GROWTH DRIVERS

5.3 IMPACT ANALYSIS

5.4 MARKET CHALLENGES

Continued...

LIST OF TABLES:

TABLE 1 GLOBAL DRIVE BY WIRE MARKET: BY REGION, 2017-2023

TABLE 2 NORTH AMERICA DRIVE BY WIRE MARKET: BY COUNTRY, 2017-2023

TABLE 3 EUROPE DRIVE BY WIRE MARKET: BY COUNTRY, 2017-2023

TABLE 4 ASIA PACIFIC DRIVE BY WIRE MARKET: BY COUNTRY, 2017-2023

TABLE 5 MIDDLE EAST & AFRICA DRIVE BY WIRE MARKET: BY COUNTRY, 2017-2023

TABLE 6 LATIN AMERICA DRIVE BY WIRE MARKET: BY COUNTRY, 2017-2023

Continued...

LIST OF FIGURES:

FIGURE 1 GLOBAL DRIVE BY WIRE MARKET SEGMENTATION

FIGURE 2 FORECAST METHODOLOGY

FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL DRIVE BY WIRE MARKET

FIGURE 4 VALUE CHAIN OF GLOBAL DRIVE BY WIRE MARKET

FIGURE 5 SHARE OF GLOBAL DRIVE BY WIRE MARKET IN 2017, BY COUNTRY (IN %)

FIGURE 6 GLOBAL DRIVE BY WIRE MARKET, 2017-2023,

Continued...

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Release ID: 497658