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Drive By Wire Market

Drive By Wire Market

Drive By Wire Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

147

Base Year:

2021

Date

Jun - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1662

Segments Covered
  • By Application Throttle By Wire, Shift By Wire, Brake By Wire, Park By Wire, Steer By Wire
  • By Vehicle Type Passenger Car, Commercial Vehicle, Electric Vehicle, Off-Highway Vehicles
  • By Component Actuator, Electronic Control Unit (ECU), Engine Control Module (ECM), Electronic Throttle Control Module (ETCM), Electronic Transmission Control Unit (ETCU), Feedback Motor, Parking Pawl, Sensors, Others
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 23.9 Billion
Revenue 2028Revenue 2028: USD 32.9 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 5.5%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Drive By Wire Market Share

Global Drive By Wire Market

Drive By Wire Market- By Application, Vehicle Type, Component and Region.

Market Synopsis:

The Global Drive By Wire Market is valued at USD 23.9 Billion in the year 2021 and is expected to reach a value of USD 32.9 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period.

Drive By Wire Market Size, 2021 To 2028 (USD Billion)

Drive By Wire is a computer control technique that is mostly utilized in automobiles. It is in charge of the steering, braking, acceleration, and other vital tasks of the vehicle. Hydraulic or mechanical components carry out these operations in traditional automobiles. These mechanical parts are prone to deterioration. As a result, their efficiency decreases with time. Major important players have developed this technology, also known as X-by-wire, in order to address these obstacles.

In the automotive business, Drive By Wire is a new technology. Mechanical systems such as intermediate shafts, master cylinders, pumps, steering columns, and other components have been replaced with high-end electronic control systems. Instead of a physical link between the accelerator and the engine, the sensor senses the driver's movement and provides a signal to the actuator, which spins the wheel and actuates the throttle. The creation of lightweight and fuel-efficient automobiles has resulted from the replacement of mechanical components.

Furthermore, leading competitors in the Global Drive By Wire Market are extending their footprint by concentrating on new and innovative technology as well as more efficient transmission systems. The rise in the number of smart city development projects in emerging countries around the world is providing income prospects for market players.

Market Segmentation:

The Drive By Wire Market is segmented on the basis of application, vehicle type, and component. Based on application, the market is segmented as throttle by wire, shift by wire, brake by wire, park by wire, and steer by wire. Based on vehicle type, the market is segmented as Passenger cars, Commercial vehicles, Electric vehicles, and Off-highway vehicles. Based on components, the market is segmented as Actuator, Electronic Control Unit (ECU), Engine Control Module (ECM), Electronic Throttle Control Module (ETCM), Electronic Transmission Control Unit (ETCU), Feedback Motor, Parking Pawl, Sensors, and Others.

Based on Application:

The market is divided into the following segments based on application: throttle by wire, shift by wire, brake by wire, park by wire, and steer by wire. Over the projected period, the shift-by-wire segment is expected to dominate the market. It's a system that uses an electronic control device to adjust the gearbox mode. The mechanical linkage between the gearbox and the lever is eliminated with this technique. With the use of a push-button, shift-by-wire allows for seamless gear shifting. Proper gear changing aids in maintaining the vehicle's fuel efficiency.

Based on Component

Actuator, Electronic Control Unit (ECU), Engine Control Module (ECM), Electronic Throttle Control Module (ETCM), Electronic Transmission Control Unit (ETCU), Feedback Motor, Parking Pawl, Sensors, and Others are the different types of components in the market. Over the projected period, the electronic control unit (ECU) segment is expected to dominate the market. Consumers' rising preference for electronic systems over mechanical systems is expected to drive ECU demand over the forecast period. The growing demand for ECU in hybrid and electric vehicles has aided in the company's market supremacy. Multiple electronic control units are used in hybrid vehicles, which help to reduce fuel consumption while still providing a smooth and comfortable ride for passengers.

Europe is Projected to Grow at the Highest CAGR During the Forecast Period

Spain, Germany, the United Kingdom, France, Italy, Belgium, and the Netherlands contribute the most to market shares and are driving market shares over the forecast period. Germany is predicted to have the largest market share and will dominate the automobile industry with the greatest quality production and manufacture. In the automotive sector, the introduction of hybrid electric vehicles sparked a technical revolution. Hybrid electric vehicle demand has been fuelled by factors such as tax incentives and environmental consciousness. To improve the vehicle's economy, key original equipment manufacturers (OEMs) have devised an electrification procedure. When the car is idle or parked, for instance, the engine turns off automatically, and the battery's electricity is used to power the vehicle through the start-stop system. Traditional systems for starting the engine consumed more fuel, however, the use of an electric motor in the start-stop system reduces engine load, improving fuel efficiency.

Competitive Landscape:

The key players in the Global Drive By Wire Market include- Continental AG., Robert Bosch GmbH, ZF Friedrichshafen, Nissan Motor Corporation, DENSO Corporation, NEXTEER AUTOMOTIVE GROUP LIMITED, Kongsberg Automotive, FICOSA Corporation (Panasonic Corporation), Curtiss-Wright Corporation, Hitachi Automotive Systems Ltd. and others.

Segmentation of the Global Drive By Wire Market:

Parameter Details
Segments Covered
  • Application (Throttle By Wire, Shift By Wire, Brake By Wire, Park By Wire, Steer By Wire)
  • Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle, Off-Highway Vehicles)
  • Component (Actuator, Electronic Control Unit (ECU), Engine Control Module (ECM), Electronic Throttle Control Module (ETCM), Electronic Transmission Control Unit (ETCU), Feedback Motor, Parking Pawl, Sensors, Others)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Continental AG.
  • Robert Bosch GmbH
  • ZF Friedrichshafen
  • Nissan Motor Corporation
  • DENSO Corporation
  • NEXTEER AUTOMOTIVE GROUP LIMITED
  • Kongsberg Automotive
  • FICOSA Corporation (Panasonic Corporation)
  • Curtiss-Wright Corporation
  • Hitachi Automotive Systems Ltd.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Drive By Wire Market to Reach Valuation of USD 32.9 Billion by 2028 – Aim to Achieve Operational Efficiency & Decrease Tail Pipe Emission Drives the Market
In terms of revenue, the Global Drive By Wire Market is expected to reach USD 32.9 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.5% from 2022 to 2028. The Drive-By-Wire is a layman term, which refers to the number of electronic systems that take the place of old mechanica...
FAQ
Frequently Asked Question
  • The global Drive By Wire valued at USD 23.9 Billion in 2020 and is expected to reach USD 32.9 Billion in 2028 growing at a CAGR of 5.5%.

  • The prominent players in the market are Continental AG., Robert Bosch GmbH, ZF Friedrichshafen, Nissan Motor Corporation, DENSO Corporation, NEXTEER AUTOMOTIVE GROUP LIMITED, Kongsberg Automotive, FICOSA Corporation (Panasonic Corporation), Curtiss-Wright Corporation, Hitachi Automotive Systems Ltd..

  • The market is project to grow at a CAGR of 5.5% between 2021 and 2028.

  • The driving factors of the Drive By Wire include

    • Decreased tail-pipe emission limits leading to vehicle light-weighting trend

  • Europe was the leading regional segment of the Drive By Wire in 2020.