Drive By Wire Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Application (Brake, Park, Shift, Steer, and Throttle); Vehicle Type (Passenger Car and Commercial Vehicle); Component (Electronic Control Unit, Actuator, Electronic Throttle Control Module, Electronic Transmission Control Unit, and Others); Region and Country

Detailed Analysis of COVID-19 Impact on the Drive By Wire Market

Pages:

213

Table:

32

Figure:

103

Report ID:

UMAU21871

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Drive By Wire Market
Drive By Wire Market

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Global Drive By Wire is anticipated to display a CAGR of around ~7% over the forecast period (2021-2027). 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. The accompanying high cost is the main factor limiting the growth of the drive by wire market. As a result, manufacturers have had a hard time accepting the method. Drive by wires employs a slew of sophisticated electronic components, such as sensors and actuators, to carry out tasks that were formerly carried out by mechanical components. All of this is meticulously managed by a series of control units that process data from various sensors and send output signals to the actuator. Along with expensive costs, the drive by wire market is being hampered by a lack of public acceptance or slow uptake. The widespread lack of trust in software coding and the stability of electrical components used in these systems is one of the reasons for the slow adoption of drive by wire. This has had a negative impact on buyers’ purchasing decisions. As a result, the market expansion is expected to be hampered by the high cost of technology/systems and component failure.

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Insights Presented in the Report

“Amongst Application, Shift segment dominated the market in 2020”

Based on application, the market is segmented into Brake, Park, Shift, Steer, and Throttle. The Shift segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. 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.

“Amongst vehicle type, Passenger Car segment dominated the market in 2020.”

Based on the vehicle type, the market is segmented into Passenger Car and Commercial Vehicle. The Passenger Car segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. The drive-by-wire system is used in the majority of mid-size and luxury car classes. In the future years, the worldwide passenger car drive by wire market will be driven by increased production of mid-size and luxury automobiles. In addition, the passenger car drive by wire market is predicted to benefit from rising demand for higher safety and luxury, as well as improved operational accuracy. Additionally, as more severe pollution standards are enacted around the world, automakers are being forced to use drive-by-wire technology in their automobiles. The dominance of this category in the market is expected to grow as sales and manufacturing of passenger automobiles increase. Over the projection period, the government’s various tax incentives for the purchase of hybrid and electric vehicles will stimulate demand for passenger automobiles.

“Amongst Component, Actuator segment dominated the market in 2020”

Based on the component, the market is segmented into Electronic Control Unit, Actuator, Electronic Throttle Control Module, Electronic Transmission Control Unit, and Others. The Actuator segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. One or more actuators are used in every drive by wire application. For example, a brake-by-wire system has four actuators, one for each wheel. Because electric actuators may be controlled precisely with the brake system ECU, electrically actuated brakes are compatible with technologies like an anti-lock braking system (ABS) and stability control. The pedal linking the gas pedal and the throttle valve is replaced by an electronic system made up of a number of sensors and actuators in throttle-by-wire. In drive-by-wire applications, a variety of actuators are used, including steering actuators, feedback actuators, pinion actuators, motor controlling throttle valve position actuators, and Servomotor/pump actuators. The global market for actuators is likely to be driven by the growing number of automobiles with drive-by-wire applications.

“Asia Pacific represents the largest market.”

Due to changing consumer preferences, rising middle-class discretionary income, and cost benefits for OEMs due to the availability of inexpensive labor and raw materials, Asia Pacific has emerged as a hub for automobile production in recent years. Daimler, Volvo, BMW, Volkswagen, and Scania, among others, have production facilities in these countries. Because China is a key automobile market in the Asia Pacific, the market for premium and luxury vehicles are likely to rise. In addition, the drive-by-wire industry is likely to benefit from the implementation of stringent emission standards in the Asia Pacific. However, the region’s cost-sensitive characteristics and popular preference for conventional vehicles could stifle market expansion. Some of the major players operating in the market include Denso Corporation, ZF Friedrichshafen, Curtiss-Wright Corporation, TRW Automotive, Continental AG, Hitachi Automotive Systems, Ltd., Nissan Motor Corporation, Robert Bosch GmbH, Ficosa Corporation and Kongsberg Automotive etc.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional & country-level analysis of the industry


Customization Options:

The Global Drive By Wire can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Drive By Wire Market
2.2.Research Methodology of the Drive By Wire Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Drive By Wire Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY

 

5DRIVE BY WIRE MARKET COVID-19 IMPACT
6DRIVE BY WIRE MARKET REVENUE, 2019-2027F
7.1.Brake  
7.2.Park 
7.3.Shift 
7.4.Steer 
7.5.Throttle 
8.1.Passenger Car
8.2.Commercial Vehicle
9.1.Electronic Control Unit
9.2.Actuator 
9.3.Electronic Throttle Control Module
9.4.Electronic Transmission Control Unit
9.5.Others 
10.1.NORTH AMERICA DRIVE BY WIRE MARKET
 10.1.1.United States
 10.1.2.Canada 
 10.1.3.Rest of North America
10.2.EUROPE DRIVE BY WIRE MARKET
 10.2.1.Germany 
 10.2.2.France 
 10.2.3.United Kingdom
 10.2.4.Italy 
 10.2.5.Rest of Europe
10.3.ASIA-PACIFIC DRIVE BY WIRE MARKET
 10.3.1.China 
 10.3.2.Japan 
 10.3.3.India 
 10.3.4.South Korea
 10.3.5.Rest of Asia Pacific
10.4.REST OF WORLD DRIVE BY WIRE MARKET
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12DRIVE BY WIRE MARKET OPPORTUNITIES
13DRIVE BY WIRE MARKET TRENDS
14LEGAL & REGULATORY FRAMEWORK
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16.  VALUE CHAIN ANALYSIS
17.1.COMPETITIVE LANDSCAPE
 17.1.1.Company Shares, By Revenue
18.1.Denso Corporation
18.2.ZF Friedrichshafen
18.3.Curtiss-Wright Corporation
18.4.TRW Automotive
18.5.Continental AG
18.6.Hitachi Automotive Systems, Ltd.
18.7.Nissan Motor Corporation
18.8.Robert Bosch GmbH
18.9.Ficosa Corporation
18.10.Kongsberg Automotive
19.  DISCLAIMER

Research Methodology

Drive-through-wire (DbW) is a semi-automated pc managed generation specifically utilized in automobiles. It controls the vehicle’s steering, braking, acceleration, and different vital features. In traditional vehicles, those features are carried through hydraulic or mechanical additives. These mechanical additives are liable to wear. Hence, their performance declines over the period. In order to triumph over those challenges, primary key players have come up with this generation, which is likewise called X-through wire. The drive-by-twine is a rising era withinside the car industry. It has changed mechanical structures which include intermediate shafts, grasp cylinders, pumps, guidance columns, and extra with high-give-up digital manipulate structures. For example, rather than a bodily hyperlink from the accelerator to the engine, the sensor detects the driver’s motion and sends a sign to the actuator which actuates the throttle and turns the wheel.

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Due to the rapid urbanization of automobiles and technological advances, the demand for drive-by-wire systems for vehicles is increasing. Smart city projects are growing rapidly in developing countries. The increasing adoption of IoT and wireless technologies in home security systems is expected to accelerate the growth of the global drive-by-wire market. As the use of home security systems increases, home security system manufacturers have potential benefits. Increasing security needs are also contributing to the increasing use of AI and deep learning in security systems. Drive-by-wire technology is increasingly being used in electric vehicles, forklifts, construction and mining equipment, harvesters, tractors, industrial mowers, commercial vehicles, and a variety of other off-road vehicles. Drive by wire is an emerging technology in the automotive field. It is predicted to update the mechanical gadget inclusive of grasp cylinders, intermediate shaft, guidance columns, pumps, etc. Drive-by-cord structures are gaining recognition because of the growing call for off-street motors throughout the globe.

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the Drive By Wire through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Drive By Wire, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are application, vehicle type, and component. Further regional & country-level analyses were conducted to evaluate the overall adoption of Drive By Wire in the global context.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing government incentives and demand for eco-friendly transportation, etc. Historical trends and their year-on-year impact on the market size and share were analyzed. Demand and the supply-side scenario were also thoroughly studied.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the market, and market shares of the segments and company. All the required percentage split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Drive By Wire across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in Drive By Wire in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Drive By Wire Market
Drive By Wire Market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Drive By Wire. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application, vehicle type, component, and region.

The main objective of the Drive By Wire Study

The current & future market trends of Drive By Wire were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Drive By Wire in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study vehicle type, application, and model
  • Defined analysis of the regulatory framework for the Global Drive By Wire industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Drive By Wire for the major regions & countries
  • Major regions studied in the report include North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Drive By Wire players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive regional & country-level analysis of the industry

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