Drive by Wire Market will exhibit a CAGR of 5.0% during the forecast period, and reach USD 4.27 billion by 2027,and the Market value as per 2019 was USD 4.99 billion.

Fortune Business Insights™ in its report, titled “Drive by Wire Market Size, Share & Industry Analysis, By Technology Type (Embedded, Tethered, and Integrated), By Sales Type (OEM and Aftermarket), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027.’’

Drive by Wire Market Drivers and Restraint:
Increasing Demand for Autonomous Vehicles to Aid Growth
The rising adoption of autonomous vehicles globally is set to boost the drive-by-wire market growth in the coming years. These vehicles are driverless, reduce vehicular emissions, and deliver enhanced passenger safety. They are also equipped with drive-by-wire systems, RADAR, cameras, LiDAR, and GPS. These sensors not only help the drivers to avoid obstacles, but also lower the chance of road accidents. However, drive-by-wire technology involves high installation, designing, and manufacturing costs. This factor may hinder growth.

List of Key Players Covered in the Drive by Wire Market Report:
• Curtiss Wright Corp. (North Carolina, United States)
• TRW Automotive (Michigan, United States)
• Nissan Motor Corporation (Yokohama, Japan)
• Robert Bosch GmbH (Gerlingen, Germany)
• Continental AG (Hanover, Germany)
• S.A Citroen (Rueil-Malmaison, France)
• SKF Group (Gothenburg, Sweden)
• Denso Corporation (Aichi, japan)
• ZF Friedrichshafen AG (Friedrichshafen, Germany)
• Peugeot (Paris, France)

To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/drive-by-wire-market-103673

Some of the key industry developments in the Drive by Wire Market Include:
• September 2020: The Gen3 supercar will consist of a drive-by-wire throttle system instead of the conventional cable system. Currently, it is not being used by any of the teams for this season.
• February 2020: Summit Racing is providing drive-by-wire throttle bodies to Granatelli Motor Sports. They are specifically designed for surging airflow across the engine’s revolutions per minute (RPM) range for more acceleration and horsepower.