The global drive-by-wire market is projected to grow from USD 24.2 billion in 2020 to USD 64.5 billion by 2027, at a CAGR of 6.1%. The growth of the market is driven by the increasing demand for fuel-efficient and safer vehicles, the rising development of autonomous cars, and the mounting growth in connected infrastructure.

Key Drivers of the Market
The increasing demand for fuel-efficient and safer vehicles is one of the key drivers of the global drive-by-wire market. Drive-by-wire technology can help to improve fuel efficiency by reducing the amount of energy required to operate the vehicle's mechanical systems. Additionally, drive-by-wire systems can also help to improve safety by providing more precise control over the vehicle's components.

The rising development of autonomous vehicles is another key driver of the global drive-by-wire market. Drive-by-wire technology is essential for the development of autonomous vehicles, as it allows for the precise and accurate control of the vehicle's components.

The mounting growth in connected infrastructure is also driving the growth of the global drive-by-wire market. Connected infrastructure refers to the network of sensors, devices, and software used to collect and share data about the physical environment. Drive-by-wire systems can be used to collect and share data about the vehicle's performance, which can then be used to improve the safety and efficiency of the vehicle.

Key Trends in the Market
One of the key trends in the global drive-by-wire market is the increasing adoption of electronic throttle control (ETC) systems. ETC systems are becoming increasingly popular due to their ability to improve fuel efficiency and emissions.

Another key trend in the market is the increasing adoption of steer-by-wire (SBW) systems. SBW systems are becoming increasingly popular due to their ability to improve safety and handling.

The market is also seeing the development of new drive-by-wire technologies, such as brake-by-wire (BBW) and shift-by-wire (SBW) systems. These new technologies are still in the early stages of development, but they have the potential to revolutionize the automotive industry.

Regional Analysis
The Asia Pacific region is expected to be the largest market for drive-by-wire technology in the coming years. This is due to the increasing demand for fuel-efficient and safer vehicles in the region. The European region is also expected to be a major market for drive-by-wire technology, due to the stringent emission regulations in the region.

Competitive Landscape
The global drive-by-wire market is highly competitive. The major players in the market include Continental AG, Robert Bosch GmbH, ZF Friedrichshafen, Nissan Motor Corporation, DENSO Corporation, NEXTEER AUTOMOTIVE GROUP LIMITED, Kongsberg Automotive, FICOSA Corporation (Panasonic Corporation), Curtiss-Wright Corporation, and Hitachi Automotive Systems Ltd.

Conclusion
The global drive-by-wire market is expected to grow significantly in the coming years. The growth of the market is driven by the increasing demand for fuel-efficient and safer vehicles, the rising development of autonomous cars, and the mounting growth in connected infrastructure. The market is also seeing the development of new drive-by-wire technologies, which have the potential to revolutionize the automotive industry.