DRIVE BY WIRE MARKET ANALYSIS

Regional Analysis

Global Drive by Wire Market- Regional Analysis North America held a dominant position in the Global Drive by Wire market in 2022, followed by the Europe and Asia Pacific.

Figure 1. Global Drive by Wire Market Share (%), By Region, 2022

North America held a dominant position in the Global Drive by Wire market in 2022, owing to increasing adoption of autonomous vehicles by individual customers, businesses as well as the U.S. military is leading to an unprecedented growth in demand for autonomous or self-driving vehicles. These autonomous vehicles are highly advanced and make use of a lot of electronic components to carry out various functions. Moreover the region comes under the developed economies where the population has enough disposable income to spend on non-essential items like cars. These factors are expected to boost the growth of drive-by wire market in the North American region.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa