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Drive-by-Wire Market Size to Worth US$ 3.82 billion by 2030

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According to Report, the drive by wire market size is expected to reach around US$ 3.82 billion by 2030 and is anticipated to grow at a CAGR of 8.9% during forecast period 2021 to 2030 .

The drive by wire market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2030 .

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This research report evaluates the drive by wire market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global drive by wire market for the period from 2017 to 2030.

Growth Factors

Implementation of stringent vehicle emission regulations by government authorities, increasing demand for comfort of automobile owners, advantages such as reduction in vehicle weight and higher fuel efficiency, reduced tail-pipe emission, and technological advancements are among major factors boosting growth of the global industry. Additionally, increasing popularity and adoption of autonomous vehicles is fueling growth of the drive-by-wire market worldwide. Moreover, rapidly increasing awareness regarding fuel conservation is having positive impact on the growth of global industry. Further, increased focus on the improvements in automobile functioning in developing regions and growing investment by major market players on research and development are other factors to boost growth of the global market during the forecast time frame.

All major vehicle manufacturers and numeroustier-1 suppliers are making considerable investments in autonomous and connected automobile technology which has led to in increased requirement for the independent vehicles in the forthcoming period. The worldwide demand for autonomous automobile is anticipated to surpass 4 million units by the year 2030. The automotive division faces an extraordinary change with respect to the extensive effects it will bear on the business and its users. This increasing mandate for independent vehicles is also expected to fuel the requirement for the drive-by-wire systems as automobiles will be completely equipped with drive-by-wire arrangement owing to the fact that such automobiles use electronic and electrical intelligence while driving.

Market Report Scope

Report Highlights Details
Market Size USD 3.82 Billion by 2030
Growth Rate CAGR of 8.9% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Components, Solution
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global drive by wire market for the forecast period of 2021–2030. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global drive by wire market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • Based on solution, shift-by-wire reported largest revenue in 2020. This is accredited to features such as effortless gear shift just by a push of a button. Further, advantages such as lower fuel consumption are expected to boost the growth of the segment in the near future.
  • On the basis of component, electronic transmission control unit accounted for the weighty share in the target industry. This is due to increasing demand for electronic transmission control unit in electric and hybrid vehicles.
  • Robert Bosch GmbH and Danaher Motion are major companies operating in the global drive-by-wire market.
  • The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America dominated the global market with a market share of more than 45%.
  • Europe is expected to account for the second largest share in the drive-by-wire industry in terms of revenue in 2020. The growth in the European region is attributed to availability of latest automobile infrastructure, presence of leading market players, and increasing adoption of autonomous vehicles.
  • Asia Pacific is anticipated to grow at the highest CAGR during the projected time-duration majorly due to implementation of stringent emission norms.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global drive by wire market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the drive by wire market include:

  • TORC Robotics Inc.
  • Mobil Elektronik GmbH
  • Danaher Motion
  • Robert Bosch GmbH
  • SKF Group
  • Audi
  • RLP Engineering
  • Peugeotm
  • Nissan
  • TRW

Market Segmentation

By Component

  • Vehicle Electronic Control Unit
  • Actuator
  • Engine Control Module
  • Electronic Transmission Control Unit
  • Feedback Motor
  • Sensors
  • Others

By Solution

  • Brake by Wire
  • Steer by Wire
  • Throttle by Wire
  • Shift by Wire
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the drive by wire in 2020?

What is the expected market size by 2030?

What is the drive by wire market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the drive by wire market?

Why Buy this Report?

The purpose of Precedence Research’s drive by wire market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Drive-by-Wire Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Drive-by-Wire Market

5.1. Covid-19: Drive-by-Wire Industry Impact
5.2. Drive-by-Wire Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Drive-by-Wire Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Drive-by-Wire Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Drive-by-Wire Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Implementation of stringent vehicle emission regulations by government authorities
6.1.1.2. Increasing demand for comfort of automobile owners
6.1.2. Market Restraints
6.1.2.1. High Cost
6.1.3. Market Opportunities
6.1.3.1. Adoption of autonomous vehicles
6.1.3.2. Rapidly increasing awareness regarding fuel conservation

Chapter 7. Global Drive-by-Wire Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Drive-by-Wire Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Drive-by-Wire Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Drive-by-Wire Market, By Component

8.1. Drive-by-Wire Market, by Component, 2017-2030
8.1.1. Vehicle Electronic Control Unit
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Actuator
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Engine Control Module
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Electronic Transmission Control Unit
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Feedback Motor
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Sensors
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Drive-by-Wire Market, By Solution

9.1. Drive-by-Wire Market, by Solution, 2017-2030
9.1.1. Brake by Wire
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Steer by Wire
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Throttle by Wire
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Shift by Wire
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Drive-by-Wire Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue Forecast by Component(2017-2030)
10.1.2. Market Revenue Forecast by Solution (2017-2030)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2017-2030)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2017-2030)
10.2. Europe
10.2.1. Market Revenue Forecast by Component (2017-2030)
10.2.2. Market Revenue Forecast by Solution (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2017-2030)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2017-2030)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Component (2017-2030)
10.3.2. Market Revenue Forecast by Solution (2017-2030)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2017-2030)
10.4. LATAM
10.4.1. Market Revenue Forecast by Component (2017-2030)
10.4.2. Market Revenue Forecast by Solution (2017-2030)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2017-2030)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2017-2030)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Component (2017-2030)
10.5.2. Market Revenue Forecast by Solution (2017-2030)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2017-2030)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2017-2030)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2017-2030)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2017-2030)

Chapter 11. Company Profiles

11.1. TORC Robotics Inc.
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Solution
11.1.3. Revenue, Price, and Gross Margin (2017-2020)
11.1.4. Recent Developments and Strategies
11.2. Mobil Elektronik GmbH
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Solution
11.2.3. Revenue, Price, and Gross Margin (2017-2020)
11.2.4. Recent Developments and Strategies
11.3. Danaher Motion
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Solution
11.3.3. Revenue, Price, and Gross Margin (2017-2020)
11.3.4. Recent Developments and Strategies
11.4. Robert Bosch GmbH
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Solution
11.4.3. Revenue, Price, and Gross Margin (2017-2020)
11.4.4. Recent Developments and Strategies
11.5. SKF Group
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Solution
11.5.3. Revenue, Price, and Gross Margin (2017-2020)
11.5.4. Recent Developments and Strategies
11.6. Audi
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Solution
11.6.3. Revenue, Price, and Gross Margin (2017-2020)
11.6.4. Recent Developments and Strategies
11.7. RLP Engineering
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Solution
11.7.3. Revenue, Price, and Gross Margin (2017-2020)
11.7.4. Recent Developments and Strategies
11.8. Peugeotm
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Solution
11.8.3. Revenue, Price, and Gross Margin (2017-2020)
11.8.4. Recent Developments and Strategies
11.9. Nissan
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Solution
11.9.3. Revenue, Price, and Gross Margin (2017-2020)
11.9.4. Recent Developments and Strategies
11.10. TRW
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Solution
11.10.3. Revenue, Price, and Gross Margin (2017-2020)
11.10.4. Recent Developments and Strategies

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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