Press Releases

Drive by Wire Market Size is Anticipated to Hit US$ 3.71 Billion by 2030

According to Precedence Research, the drive by wire market size is forecasted to hit over US$ 3.71 billion by 2030, growing at a 8.9% CAGR from 2021 to 2030.

Drive-by-wire can be described as an automotive expertise that substitutes the conventional mechanical arrangements of an automobile, such as braking, throttle control, gear shifting, and steering by the use of electronic arrangements. Up surge in the innovative technologies and modernizations in the automotive expertise enables creation of lucrative prospects for the corporations which are operating in the automotive business. The drive-by-wire technology is an innovative vehicle regulator strategy; it is integration of mechanical connections within an automobile. The drive-by-wire technology substitutes conventional mechanical controller systems with electric control arrangements by employing the electromechanical actuators and machine-human interfaces pedal and steering. The apparatuses such as columns, steering pumps, shafts, belts, vacuum servos, and master cylinders are eradicated from the automobile. The protection can be improved by arranging the computer-controlled arrangements like electronic stability control (ESC), adaptive cruise control (ACR), and lane support systems.

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Purely electromechanical equipment’s are enable removal of environmentally dangerous hydraulic solutions. It allows reduced maintenance charge, contraction in the mechanical complication. Drive-by-wire arrangement is becoming immensely popular in the automotive industry. The arrangement comprises of electromagnetic actuators that enable regulation of the measure of fuel to be released into the cylinder. This innovative technology and rapid modernizations have generated new prospects for market players. The international drive-by-wire market is projected to display a significant CAGR along with a strong annual rate of growth over the estimate period.

Market Estimations Y-O-Y:

  • Market Size Was Valued In 2021: US$ 1.72 Billion
  • Market Size Is Projected to Grow By 2022: US$ 10.87 Billion
  • Market Size Is Projected to Grow By 2023: US$ 2.03 Billion
  • Market Size Is Projected to Grow By 2024: US$ 2.21 Billion
  • Market Size Is Projected to Grow By 2025: US$ 2.40 Billion
  • Market Size Is Projected to Grow By 2026: US$ 2.62 Billion
  • Market Size Is Projected to Grow By 2027: US$ 2.85 Billion
  • Market Size Is Projected to Grow By 2028: US$ 3.11 Billion
  • Market Size Is Projected to Grow By 2029: US$ 3.40 Billion
  • Market Size Is Projected to Grow By 2030: US$ 3.71 Billion
  • Compound Annual Growth Rate (CAGR) from 2021 to 2030: 8.9 percent

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.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The drive by wire report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Scope of the Drive by Wire Market

Report Highlights Details
Base Year 2021
Historic Data 2017 to 2021
Forecast Period 2022 to 2030
Segments Covered Components, Solution, and Geogrpahy
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Report 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.

Regional Analysis:

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%. U.S. represented highest share in the North America region primarily due to well-developed automobile industry, presence of skilled professionals, and availability of latest automobile products. Moreover, growing awareness regarding fuel conservation is expected to have positive impact on the industry growth. 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. Growth in the research and development activities is a major factor that is projected to have optimistic impact on the growth of the target industry in the Asia Pacific region.

Key Players:

The drive by wire market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent 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)

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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