Industry Background:
Drive-by-wire technology is the use of electrical or electro-mechanical systems for performing vehicle functions traditionally achieved by mechanical linkages. In this technology instead of using cables, hydraulic pressure and other ways of providing a driver with direct, physical control over the speed or direction of a vehicle, uses electronic controls to activate the brakes, control the steering and operate other systems.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bosch (Germany), Continental (Germany), ZF (Germany), Infineon (Germany), Nexteer (United States), CTS (United States), Ficosa (Spain), Kongsberg (Switzerland), Hitachi Automotive (Japan) and Curtiss-Wright (United States) |
This growth is primarily driven by Increased Applications in the Harvesters, Construction, Forklifts, Tractors and Mining Equipment and Advancements in the Autonomous Vehicles.
Globally, a noticeable market trend is evident High Demand for Innovative Products in the Industry Major Players, such as Bosch (Germany), Continental (Germany), ZF (Germany), Infineon (Germany), Nexteer (United States), CTS (United States), Ficosa (Spain), Kongsberg (Switzerland), Hitachi Automotive (Japan) and Curtiss-Wright (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Drive-By-Wire is fragmented The market research analysis involves a section exclusively dedicated for top key major players in the Drive By Wire Market
Key Developments in the Market:
In Dec , 2020 Leveraging technology building blocks from its parent companies Nexteer Automotive and Continental, CNXMotion announces Brake-to-Steer (BtS) – a technology that provides driver safety through an additional layer of directional control for highly automated and autonomous vehicles.
In August 2023, Munich, Germany. At the IAA Mobility 2023 in Munich, the technology group ZF will focus on its range of by-wire technologies. ZF has one of the most comprehensive portfolios of purely electronically controlled steering, brake, or suspension systems for software-defined vehicles. These chassis systems no longer require mechanical connections or system fluids. Also purely electric is the future ultra-compact and lightweight 800-volt drive with world-beating torque density.
Influencing Trend:
High Demand for Innovative Products in the Industry
Market Growth Drivers:
Increased Applications in the Harvesters, Construction, Forklifts, Tractors and Mining Equipment and Advancements in the Autonomous Vehicles
Challenges:
Stringent Rules and Regulations and Fail-Safe Electronics
Restraints:
High Cost of the Drive-By-Wire Technology
Opportunities:
Growing Demand for Premium and Luxury Vehicles and Advancements in the Autonomous Vehicles
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Drive-By-Wire Market
- Analysis about New Entrants in Drive-By-Wire Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Drive-By-Wire Study Sheds Light on
The Drive-By-Wire Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Drive-By-Wire industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Drive-By-Wire industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.