Press Releases
 
Drive-by-Wire Market: Positive Outlook for Industry Opportunities & Trends 2018

, 31 August 2018 -- Drive-by-Wire Market: Positive Outlook for Industry Opportunities & Trends

Some of the key players in the global drive-by-wire market are Robert Bosch GmbH, SKF Group, Delphi Automotive PLC, Mobil Elektronik GmbH, Denso Corporation, Hitachi Automotive Systems, Ltd., ZF Friedrichshafen AG, Continental Group, Curtiss-Wright Corporation, and Infineon Group.

Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=25601

In order to stay ahead of competition in the global drive-by-wire market, automotive component manufactures are pouring money into development of advanced drive-by-wire technology systems. They are also focusing on electric powertrain development. Robert Bosch GmbH, for instance, has developed an e-axle drive system that combines transmission, electric motors, and power electronics in one unit to implement drive-by-wire technology. SKF Group has developed electromechanical actuators which are an integral part of drive-by-wire systems.

Other strategies leveraged by savvy companies in the drive-by-wire market to bolster their positions are carefully-considered acquisitions, partnerships, and divestments.

As per a report by Transparency Market Research, the global drive-by-wire market will likely become worth US$59.5 bn vis-à-vis revenue by 2025 from US$18.22 bn in 2016 by clocking a robust 15.0% CAGR during the period between 2017 and 2025.

Powered by China and Japan, Asia Pacific to Grow at Maximum Pace

Based on applications, the global drive-by-wire market can be segmented into brake-by-wire, electronic throttle control, steer-by-wire, and shift-by-wire. Of them, electronic throttle control segment, which is the oldest form of drive-by-wire technology, is predicted to be the most lucrative segment.

Depending upon geography, the global drive-by-wire market can be divided into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Asia Pacific, at present, leads the market. The growth in the region is primarily being driven by Japan, China, Australia, South Korea, and India. Expanding at a good clip, the region is slated to grow its market share to 42.6% by 2025.

Emergence of Autonomous Vehicles to Catalyze Market Growth

Drive-by-wire or x-by-wire technologies, which is comprised of different automotive electronic components such as sensors, electronic control unit, actuators, electric motors, etc., is primed to play a crucial part in future autonomous vehicles. “Drive-by-wire vehicles need more power than conventional vehicles. While conventional vehicles run on 12-volt system, drive-by-wire requires 48-volt system. Rising adoption from 12-volt system to 48-volt system presents an opportunity to increase adoption of drive-by-wire in global automotive market,” explains the lead analyst of the report.

Rules against Vehicular Emissions Stoke Demand in Market

Besides, growing demand for fuel-efficient vehicles and regulations aimed at curbing emissions have also resulted in higher uptake of drive-by-wire or x-by-wire technologies. This is particularly evident in the developed U.S. and other European countries, where authorities have framed rules supporting fuel efficiency and discouraging vehicular emissions. This has caused increased uptake of drive-by-wire technology in vehicles, which helps to up fuel efficiency by reducing the weight of the vehicle and brings down vehicular emissions due to gradual conversion to a 48-volt electrical system.

Rising demand of off-road vehicles is also serving to catalyze demand for drive-by-wire systems. Drive-by-wire application is increasing in forklifts, harvesters, tractors, construction and mining equipment, industrial electric vehicles, mowers, utility vehicles, and other off-road vehicles.

One drawback of drive-by-wire system is that it removes the entire mechanical connection in a vehicle by electronic systems. Hence, in case of a software malfunction there is no backup control as the entire mechanical system is removed. This poses serious safety issues.

Get Customize Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=25601

The report segments the global drive-by-wire market as follows:

Global Drive-by-wire Market, by Application

Electronic Throttle Control (ETC)
Brake-By-Wire
Steer-By-Wire
Shift-By-Wire

Global Drive-by-wire Market, by Vehicle Type

Passenger Vehicles
Commercial Vehicles

# # #


Submitted by K Singha on Friday, 31 August 2018 at 7:34 PM
Category: Science & Research
 
Related News

Global Critical Care Diagnostics Market Status and Forecast 2025
Wednesday, 20 Feb 2019

Global Point Of Care Testing Market for Future Trend 2018-2025
Wednesday, 20 Feb 2019

Global Pen Needles Market for Future Trend 2023
Tuesday, 19 Feb 2019

EDM 760 System and Its Advantages in Aircraft
Monday, 18 Feb 2019

Global Intelligent Asthma Monitoring Devices Market: Analysis & Forecast 2018-2019
Wednesday, 6 Feb 2019

Related Events

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

Know The Extraordinary Factors Of ATS Cabana Heights
Wednesday, 20 Feb 2019

Runner Appreciation - Electrolyte Drink
Wednesday, 20 Feb 2019

Five Points You must Know About Home Healthcare
Wednesday, 20 Feb 2019

Commercial Rental Property in Killeen TX
Wednesday, 20 Feb 2019

Factors Driving Global Medical Nutrition Market through 2026 and Beyond
Wednesday, 20 Feb 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Wednesday, 20 February 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Palo Alto Networks: OAGITM 2019 Winter Conference
  • 7th World CNS 2019
  • 4th Annual Rail Cyber Security Summit in Amsterdam - February 2019
  • Palo Alto Networks: CYBER TUESDAY - CYBER SECURITY BEST PRACTICES - LEVEL 1
  • 3rd Small Molecule Activation Conference, Bahamas, 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.