Drive By Wire Market Research Report – Forecast to 2027

Drive By Wire Market Research Report Information by Application (Throttle by wire, Brake by wire, Shift by wire, Steer by wire, others), by Vehicle type (Passenger cars, Commercial Vehicles) and by Region - Forecast To 2027

ID: MRFR/AM/4477-HCR | February 2021 | Region: Global | 100 pages

Drive-By-Wire Market in 2019 was $24 billion and is projected to reach around $31.9 billion and is expected to grow at a CAGR of 5.9% during the forecast period. 

 Drive-by-wire Market Overview: 

The report for Global Drive By Wire of Market research future report comprises the market overview and the detailed analysis of the qualitative as well as the quantitative aspects by various industry opinions as per the market and the industry performance. This report gave a clear picture of the market scenario, which includes market size in terms of value and volume, technological advancement, economic and governing factors. The report provided detailed information and strategies of the top market players in the industry. The market segmentation and the regional assessment have provided the market overview where the Drive by Wire has propelled in the global market. 

COVID-19 Analysis:

The coronavirus outbreak started in China in December 2019 and then quickly spread across the world. Ultimately, there were lockdowns, and it affected the maximum of the population of the entire globe. The WHO declared that it will propagate and can not be treated soon. This forced the government authorities to adopt stringent rules and regulations. This pandemic affected the industries and the manufacturers on a wider scale. It affected the personal behavior as well as the social life of each individual. The import-export trades between the countries had also been restricted, that the supply chain management has been hindered. 

Along with it, the automobile industry has also been affected badly. There was a decline in the automobile industry, and many industries have been shut down due to this reason. The investment plans have to be changed to recover the losses and pay more attention to the raw material and other costs. Post-2020, the supply contracts and new product developments are expected to lead the automotive market.

Competitive Landscape 

The Global Drive by Wire Market report provided valuable insight into the global market. Some major top players have been propelling in the global market. These market players have developed strategies and provided products with benchmarks and SWOT analysis. The new technologies and the ongoing market trends have been taken care of, and the automobile market has changed the dimensions of the global markets so rapidly. 

Below are some of the major key players that have been propelling in the global Drive By Wire Market: 

  • Robert Bosch GmbH (Germany)

  • Continental AG (Germany)

  • Curtiss Wright Corp. (U.S.)

  • TRW Automotive (U.S.)

  • Nissan Motor Corporation (Japan)

  • S.A Citroen (France)

  • SKF Group (Sweden)

  • Mobil Elektronik GmbH (Germany)

  • Hitachi Automotive Systems, Ltd. (Japan)

  • Continental Group (Germany)

  • Denso Corporation (Japan)

  • ZF Friedrichshafen AG (Germany)

  • Curtiss-Wright Corporation (U.S.)

  • Infineon Group (Germany) 

Market Dynamics:

The introduction of electronic devices and hybrid electric vehicles has triggered a technological revolution in the automotive industry. The demand for hybrid electric vehicles has increased in the past few years. Environmental awareness and technological growth have changed the market trends. The OEMs have developed an electrification process that enhances vehicle efficiency, and this process has changed conventional systems. Due to this technological change, the engine turns off automatically, and the battery power is used to start and stop the system. 

Drivers: The adoption of autonomous vehicles is one of the major drivers in the growth of the Drive wire market. The sensors have been used that are immensely advantageous for driverless vehicles, and it enhances passenger safety and reduction in emissions from the vehicle. 

Opportunities: The stringent norms from the government and the ruling departments have boosted the market growth. The emission norms on the vehicles have forced the manufacturing industries to increase the usage of lightweight materials and the electronic components that reduced the fuel consumption, and the vehicle has been manufactured lighter than before also the energy consumption is less. 

Restraints: The most common retraining factor in the growth of the market for drive-by-wire production is the cost of the electronic components. The process of installation and manufacturing is highly expensive, and designing the technology adds up to the overall cost of the vehicle. 

Challenges: The electronic systems that are used in most vehicular designs are highly sensitive as well. So the risk of failure of these electronic components in situations like extreme rainfall is a major challenge in the production and manufacturing of the completed product. 

Segment Overview: 

The segmentation of the Drive-By-Wire Market is done based on Application, Vehicle Type, Component, Sensor Type, and Region. By Application, among all the variants, the highest expected CAGR during the forecast period is taken by steer-by-wire type. The steer by wire system is an embedded software system that is integrated with an electronic control unit and the control area network bus interface. This whole system reduces the need for the maintenance of the vehicle, and during the life of the drive-by-wire system, the service is not frequently required. In this system, the steering wheel movement is tracked by the electronic encoders that have sensors. 

Below is the segmentation listed with the bifurcation according to the different sectors. 

By Application

  • Brake-By-Wire

  • Park-By-Wire

  • Shift-By-Wire

  • Steer-By-Wire

  • Throttle-By-Wire 

By Vehicle Type

  • Commercial Vehicle

  • Passenger Vehicle 

By Component

  • Actuator

  • Electronic Control Unit

  • Electronic Throttle Control Module

  • Feedback Motor

  • Others 

By Sensor Type

  • Gear Shift Position Sensor

  • Throttle Pedal Sensor

  • Brake Pedal Sensor

  • Hand Wheel Angle Sensor

  • Others 

By Region

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Rest of Europe

    • The Asia Pacific

  • China

    • Japan

    • India

    • Rest of Asia Pacific

  • Rest of the World 

Regional Analysis 

Based on geography, the Drive by Wire market is majorly divided into four regions of North America, Asia Pacific, Europe, and the rest of the world. Europe is one of the dominating regions in the global drive-by-wire market growth market. The countries like Spain, Germany, the UK, France, Italy, Belgium, and the Netherlands have the maximum contribution to the market shares and are driving the market shares over the forecast period. Germany is expected to project the highest market share and will dominate the market with the highest quality production and manufacturing in the automotive industry. 

With the change in the market trends, the developing countries in the APAC region are emerging as an automotive hub for consumer goods production as per the preference and economy for the overall population. There are advantages for the growth in production due to the higher population. The availability of low-cost raw materials and cheap labor has made the market propel at a higher level. China is the major contributor to the automobile market in the APAC region; the growing popularity of luxury cars has boosted the market on a global level. Automatic transmission is one of the biggest factors that has been considered by each manufacturer. The changed mindsets and the government regulations had made it more stringent to develop vehicles that do not affect the environment with vehicular emissions.  

Recent Developments: 

  • In August 2020, three major companies, Ford Motor Company, Bedrock, and Bosch, collaborated on a project with Ford Escape and demonstrated the test vehicles to drive and park inside the Bedrock’s Assembly Garage in Detroit by themselves using the Bosch smart infrastructure.

  • In October 2020, Vitesco Technologies came up with a new transmission control unit known as over-molding control electronics. This technology resulted as a cost advantage technology as the system excels with around 45% less weight and greater robustness. Also, it has been seen that the production stages were also minimized.

  • In October 2020, ZF launched the AKC active rear-axle steering system, which turned out to be a next-generation technology development. This development has provided a greater steering angle of up to 10 degrees and increased the agility of long-sized vehicles. Also, the “steer-by-wire” technology has simplified the integration of the system to the automated driving function.

  • In January 2020, Nexteer opened a Technical center in Suzhou Industrial Park, China which is known as State-of-the-art. This is a global footprint that has enabled the companies to globalize their engineering expertise, enhance technical support, and capitalize on the market opportunities in the Asia Pacific region.

  • In October 2019, Infineon Technologies AG manufactured the world’s first semiconductor to put a Trusted Platform Module (TPM) for automotive applications on the market. Several car manufacturers have incorporated new designs and sensitive keys for access rights, authentication, and data encryption in the cars for protection. 

Market Overview: 

Drive-By-Wire is a semi-automatic device that is a computer-controlled technology prominently used in cars. It refers to a technology that is using an electronic system to get vehicle control. Sensors and actuators are the electronic components that are used by Drive by wire technology to efficiently control the vehicular system that includes brake, acceleration, steering, handling, and fueling the engine. The application of such technologies and the advancement of the device have eliminated the usage of drive-belts, vacuum-boosters, pumps, driveshafts, and others. 

Drive-by-wire technology is one of the emerging factors in the automotive industry. So, the elimination of mechanical systems has been replaced. This is an advantage and gives a higher scope to the automotive sectors. It has resulted in the development of vehicles and the automobile industry with better quality that weigh less and fuel-efficient automobiles. 

Report Scope:
Report Attribute/Metric Details
  Market Size   2019: USD 24 Billion
  CAGR   5.9% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Application, By Vehicle type, By End Market,
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Robert Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.), TRW Automotive (U.S.), Nissan Motor Corporation (Japan), S.A Citroen (France), SKF Group (Sweden), Mobil Elektronik GmbH (Germany), Hitachi Automotive Systems, Ltd. (Japan), Continental Group (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Curtiss-Wright Corporation (U.S.), Infineon Group (Germany),
  Key Market Opportunities

  • The stringent norms from the government
  • The ruling departments have boosted the market
  •   Key Market Drivers

  • The adoption of autonomous vehicles
  • Passenger safety
  • Reduction in emissions from the vehicle. 

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    Frequently Asked Questions (FAQ) :

    The global drive by wire market is maturing at a moderate 9% CAGR over the review period of 2017 to 2023.

    A few significant players of the global drive by wire market are Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Curtiss-Wright Corporation (U.S.), and Infineon Group (Germany), among others.

    The steer by wire segment is expected to drive market growth over the review period.

    The north American region is expected to witness the highest growth.