Drive By Wire Market Research Report: By Vehicle Type (Passenger Car, Commercial Vehicle), Sensor Type (Throttle Pedal Sensor, Steering Wheel Angle Sensor, Gear Shift Position Sensor), Application (Throttle by Wire, Shift by Wire, Brake by Wire, Park by Wire, Steer by Wire) - Global Industry Analysis and Growth Forecast to 2030

Market Overview

The global drive by wire market was valued at ~$23 billion in 2020. The major factors responsible for the growth of the market include the rise in the stringency of the vehicular emission norms of governments, increasing development of autonomous vehicles, and growth of the connected infrastructure.

However, the current COVID-19 pandemic has negatively impacted the market for drive by wire. As most of the countries implemented a complete lockdown for more than two months, the production of automobiles witnessed a massive reduction. This led to a drop in the rate of the integration of drive by wire controls in vehicles.

Increasing Production of Mid-Size and Luxury Vehicle Supports Dominance of Passenger Car Category

The passenger car category is dominating the market for drive by wire, based on vehicle type. This is attributed to the increasing production of mid-size and luxury vehicles. Furthermore, the increasing demand for improved safety with better operational accuracy is set to boost the passenger car drive by wire market.

Need for Reduced Maintenance To Lead to Fastest Growth of Steer-by-Wire Category

The steer-by-wire category is expected to have the highest CAGR over the forecast period, based on application. This can be attributed to the fact that this system has a reduced requirement for maintenance, as it is constituted of an integrated electronic control unit, embedded software, and control area network bus interface.

Increasing Disposable Income of Middle-Class Population Supports APAC s’ Dominance on Drive by Wire Market

Asia-Pacific (APAC) holds the largest share in the market because of the increasing disposable income of its middle-class population and the cost advantages experienced by original equipment manufacturers (OEMs) owing to the availability of cheap labor and raw materials. Moreover, the growing popularity of premium and luxury vehicles and presence of stringent emission norms in the region are expected to boost the APAC market for drive by wire.

Increasing Rate of Vehicle Electrification Is Key Trend in Market

The automotive industry has clearly witnessed a technological revolution with the introduction of hybrid electric vehicles. The demand for these vehicles has been fueled by the tax benefits available on their purchase and rising environmental awareness. As the conventional systems that are used to power the engine add to the requirement for fuel, the use of an electric motor in the start–stop system can significantly lower the load on the engine, thus leading to fuel efficiency. Thus, the electrification of automobiles is a major trend in the market.

Rising Development of Autonomous Vehicles Is Boosting Market Growth

The global automotive industry has witnessed a transformation over the last few years with the emergence of autonomous vehicles. These vehicles offer several advantages, ranging from improved safety to a reduction in fuel consumption, traffic congestion, and emissions. They consist of various sensors to support these advantages; thus, they require a huge number of electric connections and terminals for the operations of such advanced features, which will ultimately propel the drive by wire market advance.

Increasing Vehicular Emission Norm Stringency Is Driving Market Growth

In the wake of the increasing concerns over air pollution and the effect it has on human and environmental health, governments around the world are implementing new emission norms and making the existing ones more stringent. Due to the presence of such regulations, manufacturers are being compelled to use lightweight materials in vehicles in an effort to increase their fuel efficiency. This calls for drive by wire controls, which is why the market will grow with the increasing stringency of emission norms.

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Market Players Are Engaging in Product Development to Gain Competitive Edge

In recent years, players in the global drive by wire market have been actively involved in product development to stay ahead in the competition.

• In October 2020, a new transmission control unit, known as overmolding control electronics, was developed by Vitesco Technologies. This transmission control unit is more robust and around 45% lighter, and it requires significantly fewer production stages, thus leading to cost advantages.
• In August 2020, Ford Motor Company, Bosch, and Bedrock launched a demonstration project with Ford Escape test vehicles, which can drive and park themselves, inside Bedrock’s Assembly Garage in Detroit, utilizing Bosch’s smart infrastructure. This is the first infrastructure-based solution made for automated valet parking in the U.S., wherein the vehicle will park itself inside a garage.

Key Players in Drive by Wire Market Include:

Market Size Breakdown by Segments

The drive by wire market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.

Based on Vehicle Type

• Passenger Car
• Commercial Vehicle

Based on Sensor Type

• Throttle Pedal Sensor
• Steering Wheel Angle Sensor

Based on Application

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

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa

Market Segment Analysis of Countries

• Further breakdown of 16 listed countries will be provided as per below segmentation:
  • By vehicle type
  • By sensor type
  • By application