The drive by wire market is highly competitive, with a number of players competing for a decent market share. Some leading companies include Robert Bosch GmBH, ZF Friedrichshafen AG, Denso Corporation, and Nexteer Automotive. Companies are investing aggressively in R&D and strategic partnerships to be competent enough in the competitive landscape. The nature of the market is such that continuous technological advancements are observed, together with demands for improved vehicle safety and efficiency.
One of the major developments in the market is the signing of the strategic cooperation agreement between ZF Friedrichshafen AG and NIO in October 2022 for developing Steer-by-Wire products along with other advanced automotive technologies. Such partnerships are likely to further drive innovation and widen the reach of the market. In fact, all major participants that provide such systems continuously develop and implement advanced drive by wire systems, with the market being highly dynamic and competitive.
Here are some leading players in the drive by wire market:
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?