Global Market for Drive by Wire is Anticipated to grow at a Moderate Pace i.e., USD 64.5 Billion during the Forecast Period 2021-2027

Published Date: Nov, 2021

The global drive by wire market is expected to witness a CAGR of 6.1% during the forecast period. Drive by wire is one of the emerging technologies in the automotive industry and is a semi-automatic computer-controlled technology that is used in cars. It uses electronic systems such as sensors, actuators to control the vehicle. Factors attributing to the growth of drive by wire market include the rising number of government mandates to control vehicle emissions and mounting demand for passenger comfort as it reduces the weight of vehicles and therefore, are fuel-efficient. Moreover, the rising prominence of premium vehicles especially in emerging economies, the development of autonomous vehicles, and the growing popularity of electric vehicles are the factors that contribute to the growth of drive by wire market. Nevertheless, the advancement of smart cities will provide promising growth opportunities for the industry players in the drive by wire market. 

The COVID-19 outbreak has had an adverse impact on the drive by wire market. Owing to the complete shutdown of manufacturing units, the production of automobiles has seen a massive fall in demand. This has resulted in a reduction in the integration of drive by wire control in vehicles.

Nexteer opened a state-of-the-art Technical Center in Suzhou Industrial Park, China. This global footprint will provide the company to globalize its engineering expertise, enhance local technical support, and capitalize on emerging market growth opportunities in the Asia Pacific.

Browse 63 market data Tables and 40 Figures spread through 290 Pages and in-depth TOC on " Drive by Wire Market 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 Vehicle Type (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 Region - Global Forecast to 2027"

By vehicle type, the passenger cars in on-highway vehicle type are projected to witness highest CAGR during the forecast period.

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 sub-divided into passenger cars, light commercial vehicles, trucks, and buses. Electric vehicles are further sub-divided into BEV, PHEV, and FCEV. Off-highway vehicle type is further sub-divided into agricultural tractors, construction & mining equipment, and forklifts. Passenger cars are expected to have a high CAGR during the forecast period owing to the rising demand for enhanced safety, luxury with high operational accuracy, and increasing production of mid-sized and luxury class vehicles.

Global Drive by Wire Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Electronic Control Unit, Engine Control Module, Actuator, Feedback Motor, Parking Pawl, Electronic Throttle Control Module, Electronic Transmission Control Unit, and Others

Actuator (Largest)

Application

Throttle-by-Wire, Shift-by-Wire, Steer-by-Wire, Park-by-Wire, and Brake-by-Wire

Shift-by-Wire (Fastest)

Steer-by-Wire

(High CAGR)

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

Gear Shift Sensor (Largest)

Vehicle Type

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)

BEV (Fastest)

Passenger Cars

 (High CAGR)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“North America to hold the largest regional market share in drive by wire market.”

North America dominates the market in drive by wire owing to the shift in preference of consumers towards SUVs and pickup trucks with developed technologies that will propel the growth of drive by wire in the region. Moreover, stringent regulations concerning emissions will allow manufacturers to focus on weight reduction in heavy vehicles. In addition, the free trade agreement between the US, Canada, and Mexico is anticipated  to drive imports of automobiles, thereby driving the North America drive by wire marke.

Some of the major players in the global drive by wire market include 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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Component, Application, Sensor Type, Vehicle Type, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

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

Global Drive by Wire Market Coverage

Component Insight and Forecast 2015-2027

  • Electronic Control Unit
  • Engine Control Module
  • Actuator
  • Feedback Motor
  • Parking Pawl
  • Electronic Throttle Control Modul
  • Electronic Transmission Control Unit
  • Others

Application Insight and Forecast 2015-2027

  • Throttle-by-Wire
  • Shift-by-Wire
  • Steer-by-Wire
  • Park-by-Wire
  • Brake-by-Wire

Sensor Type Insight and Forecast 2015-2027

  • Throttle Pedal Sensor
  • Throttle Position Sensor
  • Pinion Angle Sensor
  • Hand Wheel Angle Sensor
  • Gear Shift Position Sensor
  • Park Sensor
  • Brake Pedal Sensor)

Vehicle Type Insight and Forecast 2015-2027

  • 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

Geographical Segmentation

Drive by Wire Market by Region

North America

  • By Component
  • By Application
  • By Sensor Type
  • By Vehicle Type
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Application
  • By Sensor Type
  • By Vehicle Type
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Application
  • By Sensor Type
  • By Vehicle Type
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Application
  • By Sensor Type
  • By Vehicle Type
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for Drive by Wire is Anticipated to grow at a Moderate Pace i.e., USD 64.5 Billion during the Forecast Period 2021-2027