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(Transportation-News.com, October 07, 2017 ) According to Publisher, the Global Drive-By-Wire Market is accounted for $17.2 billion in 2016 and is expected to reach $50.7 billion by 2023 growing at a CAGR of 16.6 % during the forecast period. Simple integration with Advanced Driver Assistance Systems (ADAS) and Performance & Efficiency and
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low Maintenance are some key factors fueling the market. Moreover, electric & hybrid vehicles provide huge growth opportunity for the market. However, low adoption rate among vehicle users is hampering the market growth.
Drive-by-wire or x-by-wire is an automotive technology that substitutes conventional mechanical systems, for example, throttle control, braking, steering and gear shifting my electronic systems. Generally cables, hydraulic pressure, or other mechanical components are exchange by sensors, electronic control unit, electric motors and actuators, etc.
By geography, Asia Pacific leads the market globally; the growth in the region is primarily being driven by Japan, China, Australia, South Korea, and India. Moreover, rise in the consumer purchasing power and their preference for better safety measures and the demand for greater fuel efficiency of the vehicle drives the market growth in this region.
Some of the key players in Drive-By-Wire market include Delphi Automotive PLC, Mobil Elektronik GmbH, Continental Group, ZF Friedrichshafen AG, Infineon Group, Robert Bosch GmbH, SKF Group, Hitachi Automotive Systems, Ltd., Denso Corporation, Curtiss-Wright Corporation, CTS Corporation, Jaguar Land-Rover Automotive PLC, Nissan Motor Co., Orscheln Products LLC. and TRW Automotive PLC.
Vehicle type Covered:
-Commercial Vehicles
-Passenger Vehicles
Application Covered:
-Brake-By-Wire
-Shift-By-Wire
-Steer-By-Wire
-Electronic throttle control (ETC)
-Suspension-By-Wire
-Fly-By-Wire
-Park-By-Wire
-Other Applications
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Regions Covered:
-North America
US
Canada
Mexico
-Europe
Germany
UK
Italy
France
Spain
Rest of Europe
-Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
-South America
Argentina
Brazil
Chile
Rest of South America
-Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
Company Profiling
9.1 Delphi Automotive PLC
9.2 Mobil Elektronik GmbH
9.3 Continental Group
9.4 ZF Friedrichshafen AG
9.5 Infineon Group
9.6 Robert Bosch GmbH
9.7 SKF Group
9.8 Hitachi Automotive Systems, Ltd.
9.9 Denso Corporation
9.10 Curtiss-Wright Corporation
9.11 CTS Corporation
9.12 Jaguar Land-Rover Automotive PLC
9.13 Nissan Motor Co.
9.14 Orscheln Products LLC.
9.15 TRW Automotive PLC
For more information about this report: http://www.reportsweb.com/drive-by-wire-global-market-outlook-2017-2023
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
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