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Edition: 8; Released: January 2022
Executive Pool: 1451
Companies: 43 – Players covered include Cognizant Technology Solutions Corporation; Continental AG; Curtiss-Wright Corporation; Ficosa International SA; Hitachi Automotive Systems Ltd.; Infineon Technologies AG; Kongsberg Automotive ASA; Nexteer Automotive Group Ltd.; Robert Bosch GmbH; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Application (Throttle-By-Wire, Steer-By-Wire, Shift-By-Wire, Brake-By-Wire, Park-By-Wire); Vehicle Type (On-Highway, OHV, BEV/HEV/PHEV, Autonomous)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Drive-By-Wire Market to Reach $31.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Drive-By-Wire estimated at US$20.2 Billion, is projected to reach a revised size of US$31.4 Billion by 2026, growing at a CAGR of 7.5% over the analysis period. Throttle-By-Wire, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$5.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Steer-By-Wire segment is readjusted to a revised 7.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.6 Billion in 2021, While China is Forecast to Reach $5.5 Billion by 2026
The Drive-By-Wire market in the U.S. is estimated at US$6.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2026 trailing a CAGR of 7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.
Shift-By-Wire Segment to Reach US$10.4 Billion by the year 2026
In the global Shift-By-Wire segment, USA, Canada, Japan, China and Europe will drive the 7.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.3 Billion will reach a projected size of US$8.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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