Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium
Global Research on the automotive throttle-by-wire system market provides an in-depth analysis of segments and sub-segments in the global as well as
regional automotive throttle-by-wire system market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional automotive throttle-by-wire system market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global automotive throttle-by-wire system market.
According to the report, the global automotive throttle-by-wire system market
is projected to grow at a CAGR of 9.1% over the forecast period of 2019-2025.
The automotive throttle-by-wire system
is a system that replaces the mechanical cable connecting the gas pedal and
throttle valve with the electronic system. The sensor is attached to a gas
pedal that helps to know how far it has been pressed and information is sent
down a wire to the car’s computer. This computer analyses the information and
commands a motor to open the butterfly in the throttle body. This system is
called drive-by-wire. In motorcycles, it is called ride-by-wire. The
throttle-by-wire technology is being used in numerous vehicles of different
products.
Increasing demand for luxury vehicles
is the factor driving the automotive throttle-by-wire system market. The low
maintenance cost and ease of use are the factors boosting the automotive
throttle-by-wire system market. Decreased tail-pipe emission limits leading to
vehicle light-weighting trend is the factor propelling the automotive
throttle-by-wire system market. This technology made possible to use several
safety features such as electronic stability control, lane assistance,
blind-spot detection, and adaptive cruise control. This factor impelling the
automotive throttle-by-wire system market. Audi, Continental, Ford, Delphi, and
Bosch have already started concentrating on the commercialization of the
concept of autonomous vehicles. Several non-automobile companies such as Google
and Apple have started investing in automobile vehicle projects and leveraging
their communications expertise. These factors enhancing the automotive
throttle-by-wire system market. However, the limited adoption of drive-by-wire
systems remain one of the major restraints to the automotive throttle-by-wire
system market. Moreover, the development of autonomous vehicle technologies
offers favorable opportunities in the automotive throttle-by-wire system
market. The legal and regulatory framework issue is a major challenge in the
automotive throttle-by-wire system market.
Geographically, Asia Pacific is the
dominating region in the automotive throttle-by-wire system market. Increasing
consumer purchasing power and the need for the higher fuel efficiency of the
vehicle are the factors driving the automotive throttle-by-wire system market
in the Asia Pacific. However, increasing the planning of the standardize
emission norms is the factor propelling the automotive throttle-by-wire system
market in the Asia Pacific. North America holds the second largest market share
because it is the largest market for passenger and premium cars. Europe is
expected to grow at a healthy CAGR in the forecast period.
The report on the global automotive
throttle-by-wire system market covers segments such as sensor type, component,
and vehicle type. On the basis of sensor type, the sub-markets include throttle
pedal sensor, and throttle position sensor. On the basis of component, the
sub-markets include electronic control unit, engine control module, and
actuator. On the basis of vehicle type, the sub-markets include passenger
vehicle, and commercial vehicle.
The report provides profiles of the
companies in the market such as AB SKF, Delphi Technologies PLC, Hitachi, Ltd.,
Magneti Marelli S.p.A., DENSO Corporation, Continental AG, Hella KGaA Hueck
& Co., Sumitomo Corporation, The Curtiss-Wright Corporation, Johnson
Controls International PLC, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automotive throttle-by-wire system market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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