Drive By Wire Market Overview:
The Drive-by-wire Market size was valued at USD 20.8 Billion in 2023. The Drive-by-wire industry is projected to grow from USD 22.02 Billion in 2024 to USD 32.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.10% during the forecast period (2024–2032). Major OEMs and system makers are investing more in drive-by systems, and the use of autonomous vehicles is expanding, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Drive By Wire Market Trends
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Increasing investment in drive by system by major OEMs and system manufacturers is driving the market growth
Brake-by-wire system R&D is receiving significant funding from many influential players in the drive-by-wire sector. For example, in 2018, the most recent iteration of Brembo's brake-by-wire technology improved response time, surpassing the previous benchmark of 300-500 milliseconds to 100 milliseconds. Additionally, manufacturers are increasingly reducing the overall weight of the vehicles to enhance fuel economy and are employing drive-by-wire technologies like throttle-by-wire and steer-by-wire as technical solutions to meet the growing demand for lightweight automobiles. Compared to traditional automobiles, autonomous vehicles have a number of benefits. These autonomous vehicles increase passenger safety while lowering pollution from motor vehicles. Various sensors, including GPS, LIDAR, cameras, RADAR, and drive-by-wire systems, are included in autonomous vehicles. By assisting in the detection of any approaching obstacles, these sensors help to lower the likelihood of traffic accidents. The electric fuel pump is also equipped with sensors that regulate the fuel flow to the tank and aid in maintaining the vehicle's fuel economy.
Worldwide, governments and governing bodies have enforced strict emission standards on automakers. These requirements have compelled manufacturers to use lighter materials more frequently, including composites, polymers, lightweight metals, and electronic components that take the place of traditional mechanical connections. A 15% decrease in the vehicle's weight improves fuel efficiency by 8% to 10%. Due to their smaller weight and lower energy requirements during acceleration, lightweight electrical components let vehicles use less fuel.
In the coming years, the Drive By Wire Market is anticipated to be driven by the rising demand for passenger comfort and the expansion of government regulations to reduce car emissions. In addition, increased fuel efficiency and fewer trips for periodic maintenance are anticipated to improve the industry in the upcoming years. Additionally, the market is expected to be driven by technical developments in the automotive sector, innovations, and strict emission regulations by governments and other regulatory organisations. Thus, driving the Drive By Wire market revenue.
Drive By Wire Market Segment Insights:
Drive By Wire Application Insights
The global Drive By Wire market segmentation, based on application, includes brake-by-wire, park-by-wire, shift-by-wire, steer-by-wire, and throttle-by-wire. Shift-by-wire segment dominated the global market in 2022. This is due to the fact that they provide uncomplicated gear shifting with the use of a push button. A vehicle's fuel economy is maintained with proper gear shifting.
Drive By Wire Vehicle Type Insights
The global Drive By Wire market segmentation, based on vehicle type, includes commercial vehicle and passenger vehicle. Passenger vehicle segment dominated the global Drive By Wire market in 2022. The causes can be ascribed to the increased production of mid-size and luxury class automobiles as well as the high demand for enhanced safety, luxury, and operational correctness.
Drive By Wire Component Insights
The global Drive By Wire market segmentation, based on component, includes actuator, electronic control unit, electronic throttle control module, feedback motor, and others. Actuator segment dominated the global drive by wire market in 2022. Actuators are used in all drive-by-wire applications in some capacity. Four actuators are used in brake-by-wire applications, one for each wheel.
Drive By Wire Sensor Type Insights
The global Drive By Wire market segmentation, based on sensor type, includes gear shift position sensor, throttle pedal sensor, brake pedal sensor, hand wheel angle sensor, and others. Gear shift position sensor segment dominated the global market in 2022. Government obligations to reduce car emissions are expected to increase, which would increase market demand.
Figure 1: Global Drive By Wire Market, by Sensor Type, 2024 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Drive By Wire Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Drive By Wire Market dominated this market in 2022 (45.80%). North America is expected to maintain its dominance over the projected period due to the early adoption of cutting-edge technology in this area due to the presence of significant key companies and strict emission regulations set by the government. Further, the U.S. Drive By Wire market held the largest market share, and the Canada Drive By Wire market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Global Drive By Wire Market Share By Region 2022 (Usd Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Drive By Wire market accounted for the healthy market share in 2022. Over the course of the forecast period, countries including Spain, Germany, the UK, France, Italy, Belgium, and the Netherlands will contribute the most to market shares. Germany is predicted to have the biggest market share and to rule the market with the best manufacturing and production practises in the automobile sector. Further, the German Drive By Wire market held the largest market share, and the U.K Drive By Wire market was the fastest growing market in the European region.
The Asia Pacific Drive By Wire market is expected to register significant growth from 2023 to 2032. According to the preferences and economics of the general populace, developing nations in the APAC area are emerging as an automobile hub for consumer products production. The greater population has benefits for the growth of productivity. The market has accelerated because low-cost labour and raw materials are readily available. The largest auto market contributor in the APAC region is China, and the rising demand for luxury vehicles has bolstered the market globally. Moreover, China’s Drive By Wire market held the largest market share, and the Indian Drive By Wire market was the fastest growing market in the Asia-Pacific region.
Drive By Wire Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Drive By Wire market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Drive By Wire Industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Drive By Wire Industry to benefit clients and increase the market sector. In recent years, the Drive By Wire Industry has offered some of the most significant advantages to medicine. Major players in the Drive By Wire market, including Robert Bosch GmbH, Continental AG, Curtiss Wright Corp., TRW Automotive, Nissan Motor Corporation, S.A Citroen, SKF Group, Mobil Elektronik GmbH, Hitachi, Automotive Systems, Ltd., Continental Group, Denso Corporation, ZF Friedrichshafen AG, Curtiss-Wright Corporation, and Infineon Group, are attempting to increase market demand by investing in research and development operations.
Ford Motor Co. (Ford) is a manufacturer of automobiles that offers a full line of cars, trucks, sport utility vehicles, and electric vehicles. The business offers financing and leasing services for vehicles. Ford sells its goods through the Lincoln and Ford brand names. Africa, Asia Pacific, Europe, the Middle East, South America, and the Middle East are among the regions it serves. The business owns and runs engine, casting, metal stamping, gearbox, assembly and other component plants all over the world. Additionally, it runs globally in manufacturing facilities, engineering centres, parts delivery centres, and assembly facilities. The headquarters of Ford are in Dearborn, Michigan, in the US. Ford Motor Company, Bedrock, and Bosch worked together on a project using the Ford Escape in August 2020, and they showed off the test vehicles' ability to drive and park inside the Bedrock's Assembly Garage in Detroit on their own utilising the Bosch smart infrastructure.
Drivetrain technologies are developed by Vitesco Technologies GmbH (Vitesco Technologies), originally a corporate unit of Continental AG. For the production of hybrid and battery-electric vehicles, the firm provides electrification solutions, power electronic equipment, and electric drives. Actuators, electrical controllers, sensors, and fuel and exhaust gas cleaning products are among its offerings. Two-wheeler management systems for injection engines are available from Vitesco Technologies. Its intelligent system solutions and parts are applicable to internal combustion, electric, and hybrid drivetrains. Production facilities for the corporation are located in Thailand, India, and China. The corporate headquarters of Vitesco Technologies are located in Regensburg, Bavaria. Over-molding control electronics, a new gearbox control component, was developed by Vitesco Technologies in October 2020. Because the system excels with about 45% less weight and more robustness, this technology has a cost benefit. Additionally, it has been seen that the production steps were reduced.
Key Companies in the Drive By Wire market include
- Robert Bosch GmbH
- Continental AG
- Curtiss Wright Corp.
- TRW Automotive
- Nissan Motor Corporation
- A Citroen
- SKF Group
- Mobil Elektronik GmbH
- Hitachi Automotive Systems, Ltd.
- Continental Group
- Denso Corporation
- ZF Friedrichshafen AG
- Curtiss-Wright Corporation
- Infineon Group
Drive By Wire Industry Developments
October 2020: The AKC active rear-axle steering system, introduced by ZF, is a cutting-edge technological advancement. This innovation has enhanced the steering angle of long-sized vehicles by up to 10 degrees and their agility. Additionally, the "steer-by-wire" technology has made it simpler to integrate the system with the autonomous driving feature.
Drive By Wire Market Segmentation:
Drive By Wire Application Outlook
- Brake-By-Wire
- Park-By-Wire
- Shift-By-Wire
- Steer-By-Wire
- Throttle-By-Wire
Drive By Wire Vehicle Type Outlook
- Commercial Vehicle
- Passenger Vehicle
Drive By Wire Component Outlook
- Actuator
- Electronic Control Unit
- Electronic Throttle Control Module
- Feedback Motor
- Others
Drive By Wire Sensor Type Outlook
- Gear Shift Position Sensor
- Throttle Pedal Sensor
- Brake Pedal Sensor
- Hand Wheel Angle Sensor
- Others
Drive By Wire Regional Outlook
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North America
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric
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Details
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Market Size 2023
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USD 0.14 Billion
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Market Size 2024
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USD 22.02 Billion
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Market Size 2032
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USD 32.8 Billion
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Compound Annual Growth Rate (CAGR)
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5.10% (2024-2032)
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Base Year
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2023
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Market Forecast Period
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2024-2032
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Historical Data
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2018- 2023
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Market Forecast Units
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Value (USD Billion)
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Report Coverage
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Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Application, Vehicle Type, Component, Sensor Type, and Region
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Geographies Covered
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North America, Europe, Asia Pacific, and the Rest of the World
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Countries Covered
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The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
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Key Companies Profiled
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Robert Bosch GmbH, Continental AG, Curtiss Wright Corp., TRW Automotive, Nissan Motor Corporation, S.A Citroen, SKF Group, Mobil Elektronik GmbH, Hitachi, Automotive Systems, Ltd., Continental Group, Denso Corporation, ZF Friedrichshafen AG, Curtiss-Wright Corporation, and Infineon Group
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Key Market Opportunities
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Stringent government regulations
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Key Market Dynamics
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Increasing investment in drive by system by major OEMs and system manufacturers and rising adoption of autonomous vehicles
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Drive-by-wire Market Highlights:
Frequently Asked Questions (FAQ) :
The global Drive By Wire market size was valued at USD 19.6 Billion in 2022.
The global market is projected to grow at a CAGR of 5.10% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Robert Bosch GmbH, Continental AG, Curtiss Wright Corp., TRW Automotive, Nissan Motor Corporation, S.A Citroen, SKF Group, Mobil Elektronik GmbH, Hitachi, Automotive Systems, Ltd., Continental Group, Denso Corporation, ZF Friedrichshafen AG, Curtiss-Wright Corporation, and Infineon Group
The Shift-By-Wire Application dominated the market in 2022.
The Passenger Vehicle, Vehicle Type had the largest share in the global market.