Drive-By-Wire Market Research Report and Forecast up to 2025 Drive-By-Wire Market - Global Industry Analysis, S | Page 2

In Asia Pacific, the major markets are Japan, China, South Korea, Australia and India.
In Middle East & Africa there is limited adoption of drive-by-wire technologies. The
significant markets in the region are Iran and South Africa. In Latin America, drive-
by-wire technology adoption is increasing. The major markets in the region are
Brazil and Argentina.
Rising demand from automotive manufacturers to reduce vehicle weight is
increasing the adoption of light weight electronic drive-by-wire technologies in
automobiles. Fuel consumption and emission by automobiles is directly proportional
to its weight. Drive-by-wire technologies requires less maintenance, are more
reliable and more precise in function than their mechanical counterparts which is
anticipated to increase the adoption of these technologies. Sensors are an integral
component of drive-by-wire technology. Fall in price of sensors is anticipated to
partially reduce the cost of drive-by-wire technology and increase its adoption
among automobile manufacturers. Drive-by-wire technologies increase vehicle
safety as it can function even if the engine system fails by drawing power from the
battery. Rising safety concerns among consumers is anticipated to increase drive-
by-wire technology adoption. Mechanical systems of a vehicle stop working if the
engine fails. Rising demand for automobiles across the world is anticipated to
increase the market size of drive-by-wire technologies. Major restraints for drive-by-
wire technology are increased power requirements with installation of drive-by wire
technologies which require a complete change in vehicle architecture. The cost of
vehicle when drive-by-wire technology is installed is high compared to vehicles with
mechanical control systems. A major opportunity for drive-by wire technologies is
the increasing acceptance of electric and hybrid vehicles across the world.
The report provides the various competitive strategies adopted by key players
operating in the market to gain market share. Company profiles include company
details, market presence by segment and geography, strategic overview, SWOT
analysis and historical revenue. The report also contains details of market share
analysis of key players in the market. Major firms operating in the drive-by-wire
technology market are Robert Bosch GmbH (Germany), Daimler AG (Germany),
Delphi Automotive Systems (the U.K.), Audi AG (Germany), Nissan Motor Company
Ltd (Japan), SKF Group (Sweden), Mobil Elektronik GmbH (Germany), Continental AG
(Germany), Curtiss-Wright Corporation (the U.S) and Infineon Technologies AG
(Germany).
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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