Drive By Wire Market Set to Reach $27.9 Billion by 2027
The automotive drive by wire market is projected to reach USD 27.9 billion by 2027 from an estimated USD 20.6 billion in 2022 at a CAGR of 6.2% during the forecast period, driven by developments in the automotive drive-by-wire sector and growing EV sales and increasing autonomous vehicle developments. For instance, in July 2022, CNH industrial-backed Monarch tractors unveiled its first fully...
Drive By Wire Market Poised to Hit $27.9 Billion by 2027
The drive by wire market is estimated to grow from $20.6 billion in 2022 to reach $27.9 billion by 2027 at a CAGR of 6.2% during the forecast period.
The drive-by-wire market is mainly propelled by the growing demand for fuel-efficient and safe vehicles. Growing demand for premium vehicles, particularly in developing countries, further drives the drive-by-wire market. Several developments...
Drive By Wire Market -Emerging Innovations Expected to Boost the Global Revenue
The Drive by Wire Market, by value, was estimated to be $24.0 billion in 2020 and is projected to reach $31.9 billion by 2025, at a CAGR of 5.9%.
The growth of the drive by wire market can be attributed to achieving better fuel economy by vehicle weight reduction. Also, owing to the rising demand for premium and luxury vehicles, the demand for advanced technologies is increasing, which, in turn,...