| Status : Published | Published On : Dec, 2023 | Report Code : VRAT9606 | Industry : Automotive & Transportation | Available Format :
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Page : 290 |
Global Drive by Wire Market – Analysis and Forecast (2025-2030)
Industry Insight by Component (Electronic Control Unit, Engine Control Module, Actuator, Feedback Motor, Parking Pawl, Electronic Throttle Control Module, Electronic Transmission Control Unit, and Others), by Application (Throttle-by-Wire, Shift-by-Wire, Steer-by-Wire, Park-by-Wire, and Brake-by-Wire), by Sensor Type (Throttle Pedal Sensor, Throttle Position Sensor, Pinion Angle Sensor, Hand Wheel Angle Sensor, Gear Shift Position Sensor, Park Sensor, and Brake Pedal Sensor), by VehicleType (On-Highway Vehicle Type(Passenger Cars, Light Commercial Vehicles, Trucks, and Buses), Electric Vehicles (BEV, PHEV, and FCEV), and Off-Highway Vehicle Type(Agricultural Tractors, Construction & Mining Equipment, and Forklifts)), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The Global Drive-by-Wire Market is gaining significant traction globally and is anticipated to grow from USD 24.2 billion in 2023 to USD 64.5 billion in 2030, registering a CAGR of 6.1% during the forecast period 2025-2030. Drive-by-wire technology is a developed vehicle control method that incorporates mechanical linkages within the vehicle. It replaces traditional mechanical control systems with innovative electrical control systems by using electromechanical actuators, sensors, and batteries that provide accurate and precise results. The increasing awareness among people that it is fuel-efficient increases the performance of vehicles owing to advanced technologies and innovations in the automotive sector resulting in the growth of the drive-by-wire market. Moreover, the developed features and engine ergonomics, the rising development of autonomous vehicles, and mounting growth in connected infrastructure drive the global drive-by-wire market.
The COVID-19 pandemic has resulted in lockdown, the shutdown of manufacturing units, and the closing of international borders for the export of automotive components resulting in an adverse impact on a global drive-by-wire market. Post-pandemic, the increasing supply contracts, collaborations, and innovative product developments are anticipated to drive the automotive market.
Market Segmentation
Insight by Component
Based on components, the global drive-by-wire market is categorized into electronic control units, engine control modules, actuators, feedback motors, parking pawl, electronic throttle control modules, electronic transmission control units, and others. Actuator dominates the market as electrically actuated brakes are compatible with anti-lock braking systems (ABS) and stability control. Different types of actuators, such as steering actuators, feedback actuators, pinion actuators, motor-controlling throttle valve position actuators, and Servomotor/pump actuators, are used in drive-by-wire applications.
Insight by Application
Based on application, the market is divided into throttle-by-wire, shift-by-wire, steer-by-wire, park-by-wire, and brake-by-wire. Shift-by-wire is anticipated to be the fastest-growing segment during the forecast period as it is an extensively adopted technology amid developed automotive shifters and is highly installed in light-duty vehicles. This application improves the operation of the start-stop and regenerative braking systems, saves energy, and makes vehicles highly efficient. Furthermore, the shift-by-wire application reduces the intensity of noise produced by the engine and offers high operational accuracy. Steer-by-wire is anticipated to have a high CAGR during the forecast period as it is an embedded software system that requires less maintenance and constitutes an integrated electronic control unit with and control area network bus interface.
Insight by Sensor Type
Based on sensor type, the global drive-by-wire market is divided into throttle pedal sensor, throttle position sensor, pinion angle sensor, hand wheel angle sensor, gear shift position sensor, park sensor, and brake pedal sensor. The gear shift position sensor is anticipated to witness the largest market share during the forecast period as it has no contacting parts. This has improved the lifespan of the component, increased credibility, and provided operational accuracy. In addition, the shift-by-wire system uses a gear shift position sensor as a standard component, resulting in the growth of the segment.
Insight by Vehicle Type
Based on vehicle type, the global drive-by-wire market is divided into on-highway vehicle type, electric vehicles, and off-highway vehicle type. The on-highway vehicle type is subdivided into passenger cars, light commercial vehicles, trucks, and buses. Electric vehicles are further subdivided into BEV, PHEV, and FCEV. Off-highway vehicle type is further subdivided into agricultural tractors, construction & mining equipment, and forklifts. BEV is projected to be the fastest-growing segment as it uses high-voltage batteries which can easily accommodate the high voltage from drive-by-wire systems. Moreover, the wire system improves the driving performance of BEVs and consumes less electrical energy from the battery which will enhance the BEV driving range.
Global Drive by Wire Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 24.2 Billion |
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Revenue Forecast in 2030 |
U.S.D. 64.5 Billion |
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Growth Rate |
6.1% |
|
Segments Covered in the Report |
By Component,By Application,By Sensor Type,By Vehicle Type |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America,Europe,Asia-Pacific (APAC),Rest of the World (RoW) |
Industry Dynamics
Industry Trends
The electrification of vehicles is the trend observed in the market owing to the technological revolution by the introduction of hybrid electric vehicles and autonomous vehicles. Moreover, technologies like throttle-by-wire, brake-by-wire, and steer-by-wire will show significant growth as they enhance vehicle performance and weight reduction.
Growth Drivers
The automotive industry has witnessed a revolution owing to the emergence of autonomous vehicles as they provide various benefits such as safety, a decrease in fuel consumption, traffic congestion, and emissions. They contain various sensors and require electric connections and terminals to operate such advanced features, which will drive the growth of the drive-by-wire market. Moreover, the stringent vehicular emission norms, growth of connected infrastructure, and growing demand for passenger comfort will fuel the growth of the drive-by-wire market.
Challenges
The high cost of drive-by-wire systems i.e., the cost of designing, manufacturing, and installing drive-by-wire systems in high, limited public acceptance or slow adoption, and the threat of data hacking and malfunctioning will impact the growth of the drive-by-wire market.
Opportunities
The development of smart cities, the adoption of deep learning, and AI in home security systems will provide promising opportunities for the players operating in the drive-by-wire market.
Geographic Overview
The Asia Pacific is anticipated to be the fastest-growing region in the drive-by-wire market as it is a hub for automotive production owing to a shift in consumer preference, rising disposable income among the middle-class population, and cost advantage for OEMs. China is the foremost market for automobiles in the APAC region resulting in the growth of premium and luxury vehicles, thereby increasing the demand for the drive-by-wire market in the region. Moreover, the implementation of strict emission norms will drive the growth of the dive-by-wire market in the region.
Competitive Insight
The drive-by-wire market is a competitive market where the industry players are focusing on strategic collaborations, partnerships, and agreements with end-user industry and regional distributors along with focusing on product launch and product expansion to expand their customer base. Thus, industry players are sustaining their position in a competitive market and are providing a competitive edge.
Ford Motor Company, Bedrock, and Bosch have launched a demonstration project by using connected Ford Escape test vehicles that can drive and park themselves inside Bedrock’s Assembly Garage in Detroit using Bosch's smart infrastructure. This is the first US infrastructure-based solution for automated valet parking where the vehicle will park itself inside a parking garage.
Nexteer opened a state-of-the-art Technical Center in Suzhou Industrial Park, China. This global footprint will allow the company to globalize its engineering expertise, enhance local technical support, and capitalize on emerging market growth opportunities in the Asia Pacific.
Some of the key players operating in the drive-by-wire market: Continental AG, Infineon Technologies AG, Hitachi, Ltd., Robert Bosch GmbH, Ficosa Internacional SAA, KONGSBERG, ZF Friedrichshafen AG, DENSO CORPORATION, NEXTEER AUTOMOTIVE GROUP LIMITED, and Curtiss-Wright Corporation.
Recent Developments by Key Players
LTIMindtree (a global technology consulting and digital solutions company) has been selected as a strategic partner for SAP services by Infineon Technologies AG (a global semiconductor leader in power systems and IoT). With this engagement, LTIMindtree will play a pivotal role in supporting Infineon's SAP transformation endeavours, while enabling operational excellence and process efficiencies.
Bosch and Arnold NextG collaborated for steer-by-wire commercial production. Steer-by-wire applications eliminate the physical connection between a vehicle’s steering wheel and its wheels, opening up new dimensions in vehicle interior design, dynamics and safety. This partnership focus to bring large-scale solutions to market by the middle of the decade.
The Drive by Wire Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Component
- Electronic Control Unit
- Engine Control Module
- Actuator
- Feedback Motor
- Parking Pawl
- Electronic Throttle Control Modul
- Electronic Transmission Control Unit
- Others
- By Application
- Throttle-by-Wire
- Shift-by-Wire
- Steer-by-Wire
- Park-by-Wire
- Brake-by-Wire
- By Sensor Type
- Throttle Pedal Sensor
- Throttle Position Sensor
- Pinion Angle Sensor
- Hand Wheel Angle Sensor
- Gear Shift Position Sensor
- Park Sensor
- Brake Pedal Sensor)
- By Vehicle Type
- On-Highway Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Buses)
- Electric Vehicles
- BEV
- PHEV
- FCEV)
- Off-Highway Vehicle Type
- Agricultural Tractors
- Construction & Mining Equipment
- Forklifts
- On-Highway Vehicle Type
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Source: VynZ Research
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Drive by Wire Market