Drive By Wire Market

Drive by Wire is a technology that is used in the automobile industry to carry out several functions through electronic inputs. The vehicles equipped with this technology include systems that can perform certain mechanical functions based on the electrical signals. The examples of this technology include power windows, power steering, electronic braking, electronic throttle, etc. These systems provide the users with convenience and carry out the tasks effectively. The drive by wire system replaces the conventional hydraulic and mechanical systems in cars. The drive by wire systems integrate computers and electronics into cars. These technologies have the potential to improve comfort, safety, functionality and also save space in some cases. The automobile sector is highly competitive and the market players need to ensure that the customers are offered with latest and advanced features in the cars. As a result majority of the drive by wire systems are becoming an industry standard and are increasingly used in the automobile sector. This has resulted in increased demand for drive by wire systems which would act as a major factor that is leading the growth of global drive by ire market during the forecast period. Moreover, the governments across the world are inclined towards adopting better standards in automobile engineering to ensure safety of the passengers. This is providing an additional boost for the global drive by wire market to grow.

Market Dynamics

The drive by wire market is characterized by constant innovations and improvements. The market players operating in the global drive by wire market are focused on developing new drive by wire systems that provide the users with increased safety and comfort. The drive by wire systems relating to different functionalities in automobiles like, steering, acceleration, gear transmission, braking and other mechanical operations is constantly improved by the manufacturers. For example the steer by wire systems have evolved from a simple power steering unit to a new and improved system that is designed to improve the steering feel and fail-safe redundancy that allows the steering to operate in events of failure. The market is highly dynamic and the companies operating in the market need to undertake research and development efforts constantly to keep up with the changing trends and technological advancements.

Key features of the study:

• This report provides an in-depth analysis of the Global Drive By Wire Market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
• It profiles leading players in the Global Drive By Wire Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Companies covered as a part of this study are Continental AG, Robert Bosch GmBH, ZF Friedrichshafen AG, Nissan Motor Co., Ltd., Kongsberg Automotive, Ficosa Internacional SA, Curtiss-Wright Corporation, Hitachi Ltd. and Others.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• Global drive by wire market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Drive By Wire Market

Detailed Segmentation

• Global Drive By Wire Market, By Application:
  • Throttle by wire
  • Shift by wire
  • Brake by wire
  • Park by wire
  • Steer by wire
• Global Drive By Wire Market, By Vehicle Type:
  • Passenger car
  • Commercial Vehicle
  • Electric vehicle
  • Off-highway Vehicles
• Global Drive By Wire Market, By Component:
  • Actuator  
  • Electronic Control Unit (ECU)
  • Engine Control Module (ECM)
  • Electronic Throttle Control Module (ETCM)
  • Electronic Transmission Control Unit (ETCU)
  • Feedback Motor
  • Parking Pawl
  • Sensors
  • Others
• Global Drive By Wire Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
• Company Profiles
  • Continental AG
  • Robert Bosch GmBH
  • ZF Friedrichshafen AG
  • Nissan Motor Co., Ltd.
  • Ficosa Internacional SA
  • Curtiss-Wright Corporation
  • Hitachi Ltd.
  • Others