Drive By Wire Market Roping In $34.63 Billion

According to a MarketsandMarkets research report, “Drive by Wire Market by Application, Sensor, Vehicle, Component & Region - Global Forecast to 2025”, the Drive by Wire Market is primarily driven by the increasing demand for vehicle safety, comfort, and performance with lower emissions. The Drive by Wire Market is projected to grow at a CAGR of 8.86% from 2018 to 2025. From a market size of $19.12 billion in 2018, it is projected to reach $34.63 billion by 2025.

 

Highlights

SENSORS MIDWEST

Sensors Midwest Hits Rosemont, IL October 16-17!

Sensors Midwest, the industry's largest event focusing on sensors, design, and IIoT in the Midwest region, is scheduled for October 16-17 at the Donald E. Stephens Convention Center in Rosemont, IL. Co-located with STMA, the event draws over 1,000 engineers and engineering professionals that are looking for access to the latest sensor advancements and will provide an opportunity to connect with the area's greatest technology leaders and suppliers.
  • Shift-by-wire is estimated to be the largest segment in the Drive by Wire Market
  • Brake pedal sensor is estimated to have the fastest growth in the Drive by Wire Market
  • Asia Pacific is estimated to be the leading market for the Drive by Wire Market
  • North America and Europe are the largest markets for passenger cars, particularly for premium cars (C segment and above).
  • Bosch (Germany), Continental (Germany), ZF (Germany), Infineon (Germany), Nexteer (US), CTS (US), Ficosa (Spain), Kongsberg (Switzerland), Hitachi Automotive (Japan), and Curtiss-Wright (US). are among a few major players in the Drive by Wire Market.

 

For more details, browse the “Drive by Wire Market” report and/or request a free sample copy.

 

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