Drive-By-Wire Market Trends, and Forecast, 2021-2031

1. We use cookies for a better user experience. Read our Privacy Policy Agree  INSIGHTS INDUSTRY VERTICALS NEWSROOM ABOUT TMR   Home Automotive & Transport Automotive  Drive-By-Wire Market Drive-By-Wire Market Drive-by-wire Market (Application: Electronic Throttle Control, Brake-by-wire, Steer-by-wire, and Shift-by-wire; and Vehicle Type: Passenger Vehicle and Commercial Vehicle) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 Automotive & TransportTMRGL25601200 Pages Request Sample Enquiry Before Buying Request Brochure Select License Type Report Preview Table of Contents Request Methodology Single User license $5795 Drive-by-wire Market Outlook 2031 Multi-User license $8795 The globaldrive-by-wire market was valued at US$ 23.21 Bn in 2020 Corporate license $11795 It is estimated to expand at a CAGR of 9.62% from 2021 to 2031 The globaldrive-by-wire market is expected to exceed the value of US$ 63.75 Bn by the end of 2031 Buy Now Analysts’ Viewpoint on Drive-by-wire Market Scenario The global drive-by-wire market is significantly driven by rising sales of passenger vehicles and commercial vehicles across the globe. The growing popularity and adoption of highly efficient electric vehicles is also fueling the growth of the global market. Increasing application of the electronic throttle control technology is likely to create lucrative opportunities for manufacturers. In addition, key players operating in the global drive-by-wire market are expanding their footprint by focusing on new and innovative technology, and more efficient transmissions systems. Market players are gaining revenue opportunities due to rise in the number of smart city development projects in developing countries across the globe. 

2. However, some of the factors such as high cost of the drive-by-wire system and potential of data hacking & malfunction are anticipated to hamper the growth of the global drive-by-wire market. Rise in Smart City Projects in Developing Countries Drives Global Drive-by-wire Market COVID- 19 A Global Pandemic Rapid urbanization and technological advancements in automobiles are driving the demand for drive-by-wire systems in vehicles. Smart city projects are rapidly rising in developing nations. The increasing adoption of IoT and wireless technology in home security systems is expected to accelerate the growth of the global drive-by-wire market. There are potential benefits for home security manufacturers due to rising usage of home security systems. The growing need of safety and security has also been contributing to the rising usage of AI and deep learning in security systems. The drive-by-wire technology can be increasingly used in the electrical vehicles, forklifts, construction & mining equipment, harvesters, tractors, industrial mowers, utility vehicles, and various other off-road vehicles. Drive-by-wire is an emerging technology in the automobile sector. It is expected to replace the mechanical system such as master cylinders, intermediate shaft, steering columns, pumps, etc. Drive-by-wire systems are gaining popularity due to rising demand for off-road vehicles across the globe. Request the coronavirus impact analysis on Drive-By- Wire Market Request a sample to get extensive insights into the Drive-by-wire Market Increase in Popularity of Autonomous and Fuel-efficient Vehicles Rapid growth and expansion of the automobile industry across the globe are likely to boost the global drive-by-wire market. The global drive-by-wire market is driven by the rise in the number of mergers & acquisitions in the automobile industry across the globe. People are more likely to opt for highly efficient autonomous vehicles. The surging demand for passenger cars, commercial vehicles, etc. is creating value-grab opportunities for the global drive-by-wire market players. Get COVID-19 Analysis In addition, increasing sales of autonomous vehicles and expanding supply chain & logistics sectors are driving market growth. Rising need for safe, fuel-efficient vehicles across the globe is contributing to the growth of the drive-by-wire market. Trending Reports To understand how our report can bring difference to your business strategy, Ask for a brochure Leather Car Seat Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 Tremendous Growth Opportunities in Asia Pacific for Drive-by-Wire Market Players  Asia Pacific is expected to account for the largest share of the global drive-by-wire market. There is an increasing demand for the drive-by-wire technology in Asia Pacific. The Asia Pacific drive-by-wire market is significantly driven by growth and advancement in the automotive industry in developing countries such as China and India. The increasing demand for commercial cars and two wheelers is also driving the Asia Pacific drive-by-wire market. Moreover, the Asia

3. Pacific market is anticipated to exhibit strong growth over the forecast period owing to increasing sales of electric vehicles. Automotive Exhaust Gas Recirculation Systems Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2015 - 2023  The drive-by-wire market in Germany is also expected to grow with a rapid pace during the forecast period due to the expanding automobile industry. Some other region projected to witness market growth in the upcoming years are Spain, France, Sweden, Italy, Belgium, and Netherlands, etc. Stuck in a neck-to-neck competition with other brands? Request a custom report on Drive-by-wire Market Recreational Off-highway Vehicles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026  Drive-by-wire Market Players Adopted Survival Strategies During Coronavirus Pandemic The global drive-by-wire market is negatively affected by the coronavirus pandemic. The rapidly spreading COVID-19 cases across the globe have had a huge impact on the global economy. Many developed nations had imposed strict lockdowns, restriction on travel, etc. It had caused a majority of businesses across the globe to crumble, owing to halted production and manufacturing activities. All these factor impacted the growth of the drive-by-wire market. Thus, decline in vehicle production across the globe has hampered the market growth. However, with relaxations in restrictions, market players are adopting innovating strategies to leverage growth opportunities in the global drive-by- wire market. Automotive Behavior Analysis Infotainment System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030  Moreover, the increasing popularity of autonomous vehicles across the globe is likely to boost the drive-by-wire market during the forecast period. The electro-mechanical technology is used in drive-by-wire systems in order to control and manage a vehicle. Drive-by-wire control systems are used to replace mechanical and energy-intensive components. The market is driven by increasing applications in autonomous and semi-autonomous driving. Along with the electronic throttle systems, steering and braking systems can also be used to increase the revenue opportunities. Automotive Shock Absorber and Struts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025  Drive-by-wire Market: Overview The global drive-by-wire market is anticipated to expand at a CAGR of 9.62% during the forecast period. Rise in sale of autonomous vehicles across the globe is likely to propel the drive-by-wire market, in terms of volume and revenue, during the forecast period. Drive-by-wire systems are defined as the use of electro-mechanical systems to control & perform vehicle functions that were previously accomplished by mechanical links. In a car, drive-by-wire control systems are utilized to replace mechanical and energy-intensive components. In the beginning, the electronic throttle system was used; however, in recent years, electronics have also been used to manage the steering and braking systems. One of the prerequisites for completely autonomous and semi-autonomous driving activities is the use of a drive- by-wire system. Furthermore, this technique improves fuel economy and lowers polluting emissions from the car.

4. Drivers of Drive-by-wire Market Rapid expansion of the automobile industry across the globe is likely to significantly boost the drive-by-wire market. Rise in the number of mergers & acquisitions in the automobile industry across the globe is also anticipated to boost the drive-by-wire market. Moreover, rise in concern toward the performance of vehicles across the globe is fuelling the sales of vehicles, which, in turn, is projected to considerably augment the market. Expansion of global cab services and supply chain & logistics sectors is also boosting the demand for passenger as well as heavy commercial vehicles such as cars, trucks and trailers, which needs a drive-by-wire technology in a large extent for throttle control, braking by wire, steering by wire, and many more. Moreover, autonomous vehicles offer numerous advantages over traditional vehicles, including increased safety, reduced fuel consumption, and reduced pollution. A multitude of sensors are fitted in an autonomous vehicle, including LiDAR, RADAR, camera, GPS, and a drive-by-wire system. Short-range sensors (which provide details of moving things near the vehicle) and long-range sensors (which provide details of high-speed oncoming vehicles) are used to assist the vehicle in detecting any object or barrier in its path, thereby reducing the risk of an accident. Challenges for Drive-by-wire Market However, significant high cost of the drive-by-wire system, as well as the potential of data hacking and malfunction, is projected to restrain the market. Furthermore, smart city development offers significant opportunities for key companies operating in the drive-by-wire market. Rapid spread of the pandemic across the globe led to a decline in vehicle production across the globe. The COVID- 19 pandemic has caused a majority of businesses across the globe to crumble, owing to forced shutdown of production and manufacturing activities, which hampered major manufacturing companies across the globe. This, in turn, is likely to pose a challenge for the drive-by-wire market. Drive-by-wire Market Segmentation The global drive-by-wire market has been segmented based on application, vehicle type, and region Based on application, the global drive-by-wire market has been divided into electronic throttle control, brake-by- wire, steer-by-wire, and shift-by-wire. The electronic throttle control segment, which is the oldest form of drive-by- wire technology, is estimated to expand significantly, in terms of revenue, during the forecast period. Based on vehicle type, the market has been bifurcated into passenger vehicle and commercial vehicle. Increase in demand for electric vehicles is estimated boost the drive-by-wire market. Drive-by-wire Market: Regional Analysis

5. Based on region, the global drive-by-wire market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America Rise in demand for commercial vehicles in Asia Pacific is also a major driver of the global drive-by-wire market. In terms of market share, Europe trails Asia Pacific in the global drive-by-wire market. Germany, Spain, the U.K., Sweden, Italy, Belgium, France, and the Netherlands are driving the market in the region. Germany, with its prominent automotive sector, is a key market among them. Drive-by-wire Market: Competition Landscape Key players operating in the global drive-by-wire market include Robert Bosch GmbH SKF Group Delphi Automotive PLC Mobil Elektronik GmbH Denso Corporation Hitachi Automotive Systems, Ltd. ZF Friedrichshafen AG Continental Group Curtiss-Wright Corporation Infineon Group Key players operating at the global level are expanding their footprint by engaging emergence of new technology and more efficient transmissions system. With an acquisition, Bosch is extending its expertise in automated driving and boosting its market position. As an independently operating firm, Atlatec GmbH, situated in Karlsruhe, Germany, is expected to become a part of the Bosch Cross-Domain Computing Solutions division. Drive-by-wire Market Snapshot Attribute Detail Market Size Value in 2020 US$ 23.21 Bn

6. Market Forecast Value in 2031 US$ 63.75 Bn Growth Rate (CAGR) 9.62% Forecast Period 2021-2031 Quantitative Units Units for Volume and US$ Bn for Value The report covers regional and global drive-by-wire market size, along with key factors influencing the market. Research Scope It includes Executive Summary, Market Overview, Global Market, Regional Market, and Competition Landscape. Report Coverage Format Electronic (PDF) Application Electronic Throttle Control Brake-by-wire Steer-by-wire Shift-by-wire Vehicle Type Passenger Vehicle Hatchback Market Segmentation Sedan Utility Vehicle Commercial Vehicle Regions Covered North America Europe

7. Asia Pacific Middle East & Africa South America Countries Covered U.S. Canada Mexico U.K. Germany France Italy Spain Russia & CIS Nordic Countries Rest of Europe GCC Countries South Africa Turkey Rest of Middle East & Africa China India Japan ASEAN South Korea ANZ Rest of Asia Pacific

8. Brazil Argentina Rest of South America Robert Bosch GmbH SKF Group Delphi Automotive PLC Mobil Elektronik GmbH Denso Corporation Hitachi Automotive Systems, Ltd. Companies Profiled ZF Friedrichshafen AG Continental Group Curtiss-Wright Corporation Infineon Group. Other Key Players Customization Scope Available upon Request Pricing Available upon Request Drive-by-wire Market – Segmentation This report on the drive-by-wire market provides information on the basis of application, vehicle type, and region. Application Electronic Throttle Control Brake-by-Wire Steer-by-Wire Shift-by-Wire

9. Passenger cars Hatchback Sedan Vehicle Type Utility Vehicles Commercial vehicle North America Europe Asia Pacific Region Middle East & Africa South America This study also discusses the underlying trends and impact of various factors that are driving the drive-by-wire market, along with their influence on the evolution of the market. This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the drive-by-wire market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market. Custom Market Research Services Get Special Pricing TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough. Special pricing for start-ups and universities. Request Customization Get Special Pricing

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