According to the current analysis of Reports and Data, the global Drive By Wire Market was valued at USD 19.42 Billion in 2018 and is projected to grow at a CAGR of 8.07% from 2019 to USD 36.38 Billion in 2026. Drive by wire systems refer to a type of technology that works in place of a traditional mechanical control system with the help of an electronic control unit. This system reduces a lot of moving components, thus reducing the weight of the vehicle. The rising demand for weight reduction of the vehicle will be another factor that will propagate the growth of the market over the forecasted period.
Rising demand for autonomous vehicles is being witnessed globally, which will further add up the growth of the demand for drive by wire systems. A factor restraining the growth of the market is the high cost of the systems. There are speculations amongst the minds of some customers about the perfect working of the drive by wire systems in comparison to mechanical components. This factor too can act as a restraining factor for the growth of the market.
The industry is expected to witness significant growth in the electric vehicles segment over the forecasted period on account of customers replacing conventional powered vehicles with electric powered vehicles. Asia Pacific region is forecasted to witness the fastest growth over the forecasted period on account of the same reason. Demand for premium and luxury vehicles with efficient controls is also increasing, especially in the Asia Pacific region, which is further adding up to the growth of the market.
Further key findings from the report suggest
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For the purpose of this study, Reports and Data have segmented the Drive by Wire Market on the basis of Application, Sensor type, Component, Vehicle, Propulsion, and Region:
Application (Revenue, USD Million; 2016–2026)
Sensor type (Revenue, USD Million; 2016–2026)
Component (Revenue, USD Million; 2016–2026)
Vehicle (Revenue, USD Million; 2016–2026)
Propulsion (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
Table of Contents
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Introduction 2.2. Summary Snapshot, 2016 – 2026 2.3. Assumptions 2.4. Limitations
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Chapter 3. Indicative Metrics
Chapter 4. Global Drive by Wire Market Segmentation & Impact Analysis 4.1. Global Drive by Wire Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market Indicators Analysis 4.2.2. Market Drivers Analysis 4.2.2.1. Rise in the demand for premium and luxury vehicles with efficient controls 4.2.2.2. Easy integration and independence of design driving the technological adoption 4.2.3. Market Restraints Analysis 4.2.3.1. High cost of system 4.2.4. Market Opportunities Analysis 4.2.4.1. Development in autonomous off-highway vehicles 4.2.4.2. Rising demand for autonomous vehicles 4.3. Regulatory Framework 4.4. Porter’s Five Forces Analysis 4.5. PESTEL Analysis of Drive by Wire market 4.6. Technological Insights
Chapter 5. Global Drive by Wire Market, Application Insights & Trends
Chapter 6. Global Drive by Wire Market, Sensor Type Insights & Trends
Chapter 7. Global Drive by Wire Market, Component Insights & Trends
Chapter 8. Global Drive by Wire Market, Vehicle type Insights & Trends
Chapter 9. Global Drive by Wire Market, Propulsion Insights & Trends
Chapter 10. Global Drive by Wire Market Regional Outlook
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles 12.1. Robert Bosch GmbH 12.1.1. Company Overview 12.1.2. Financial Insights 12.1.3. Products Offered 12.1.4. Strategic Initiatives 12.2. Nexteer 12.2.1. Company Overview 12.2.2. Financial Insights 12.2.3. Products Offered 12.2.4. Strategic Initiatives 12.3. Continental AG 12.3.1. Company Overview 12.3.2. Financial Insights 12.3.3. Products Offered 12.3.4. Strategic Initiatives 12.4. ZF 12.4.1. Company Overview 12.4.2. Financial Insights 12.4.3. Products Offered 12.4.4. Strategic Initiatives 12.5. CTS 12.5.1. Company Overview 12.5.2. Financial Insights 12.5.3. Products Offered 12.5.4. Strategic Initiatives 12.6. Ficosa 12.6.1. Company Overview 12.6.2. Financial Insights 12.6.3. Products Offered 12.6.4. Strategic Initiatives 12.7. Kongsberg 12.7.1. Company Overview 12.7.2. Financial Insights 12.7.3. Products Offered 12.7.4. Strategic Initiatives 12.8. Hitachi Automotive 12.8.1. Company Overview 12.8.2. Financial Insights 12.8.3. Products Offered 12.8.4. Strategic Initiatives 12.9. Curtiss-wright 12.9.1. Company Overview 12.9.2. Financial Insights 12.9.3. Products Offered 12.9.4. Strategic Initiatives 12.10. Infeneon 12.10.1. Company Overview 12.10.2. Financial Insights 12.10.3. Products Offered 12.10.4. Strategic Initiatives
Continued…..
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