Product ID: UCMIG25A2014
Drive by Wire Market Size, Share, Growth Analysis, By Application(Throttle by wire, Shift by wire), By Vehicle Type(Passenger Car, Commercial vehicle), By Component(Actuator, Electronic Control Unit (ECU)), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG25A2014 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Drive by Wire Market Insights
Market Overview:
In the automotive industry, the introduction of hybrid electric vehicles triggered a technological revolution. The demand for hybrid electric vehicles is fuelled due to factors such as tax benefits and environmental awareness. The efficiency of vehicles has enhanced due to key original equipment manufacturers (OEM) having developed an electrification process. Over conventional vehicles, autonomous vehicles have various advantages. Passenger safety and a reduction in vehicular emissions are enhanced due to driverless vehicles. With various sensors such as GPS, lIDAR, cameras, RADAR, and drive-by-wire systems, autonomous vehicles are equipped. The chance of road accidents is reduced because these sensors help to detect any obstacle nearing the vehicles. In automotive manufacturing, Governments and ruling bodies across the globe have imposed stringent emission norms. The use of lightweight materials, such as composite materials, plastics, and lightweight metals, and the usage of electronic components that replace conventional mechanical linkages, have forced manufacturers to increase these regulations. As lightweight electronics are lighter and consume less energy during acceleration, these components reduce fuel consumption in vehicles.
Drive by Wire Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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