Drive by Wire Market

Global Drive By Wire Market Size (2024 to 2032)

The global drive by wire market was valued at USD 25.75 billion in 2023 and is anticipated to reach a valuation of USD 27.93 billion in 2024 from USD 53.48 billion by 2032, growing at a CAGR of 8.46% from 2024 to 2032.

A drive-by-wire may be a system where the mechanical components are replaced and controlled by sensor technologies. Sensors record the knowledge and pass the info to a computer or a series of machines that convert the electricity to mechanical motion. This technology eliminates the necessity to use conventional components like drive belts, pumps, drive shafts, vacuum boosters, and master cylinders and uses electric motors and electro-mechanical actuators to perform the functions administered by the traditional mechanical or hydraulic components to satisfy the need for weight reduction and improved vehicle performance. Moreover, the automotive industry is more inclined to use advanced technologies to extend fuel efficiency, curb emission levels, and improve the driving dynamics of the vehicle.

MARKET DRIVERS

Factors like rising in the development of autonomous vehicles are driving the expansion of the global drive by wire market. Additionally, an increase in connected infrastructure is anticipated to spice up the expansion of the market. Moreover, the high cost of the drive-by-wire system and the threat of knowledge hacking and malfunctioning are predicted to hinder the expansion of the market. Furthermore, the development of smart cities presents remarkable growth opportunities for the key players operating within the drive by wire market.

MARKET RESTRAINTS

Adoption of drive by wire systems began about two decades ago, first in the military, later in commercial aircraft, and now in ground transportation. Conventional vehicles use hydraulic pressure, cables, and others to supply the driver with direct and physical control over the speed and direction of the car. However, drive by wire technology uses electronic control to hold out the functioning of brakes, and steering, and operate other systems. Additionally, the value of designing, manufacturing, and installing drive by wire systems is high and adds up to the number of vehicles. Moreover, the high price associated with driving by wire system is anticipated to hinder the expansion of the global drive by wire market.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Drive By Wire Market Analysis By Sensor

Brake pedal sensor is likely to be the fastest-growing segment for drive by wire market, by sensor type, during the forecast period. This sensor is placed within the brake-by-wire system that gives vehicle safety compensation for driver errors or delayed reaction times. Moreover, with the increasing demand for drive by wire, the marketplace for the pedal sensor is predicted to extend. 

Global Drive By Wire Market Analysis By Component

The electronic control unit (ECU) is estimated to be the most crucial marketplace for drive by wire, by component, due to its usage in every drive by wire application and its cost compared to other elements makes it the best market.

Global Drive By Wire Market Analysis By Vehicle Type

Regarding vehicle type, the passenger car segment accounts for the largest portion in terms of volume and value. This is often attributed to the increasing demand for passenger cars with advanced systems in developed and developing countries. The segment is witnessing the best sales of premium and luxury vehicles equipped with a drive-by-wire system offering high performance along with safety and luxury features.

Autonomous vehicles have several advantages over traditional cars from improved safety to a reduction in fuel and traffic jams and emissions. An autonomous vehicle is installed with a variety of sensors, including LiDAR, RADAR, a camera, GPS, and a drive-by-wire system. These sensors are short-range (providing details of moving objects near the vehicle) and long-range (providing details of high-speed oncoming vehicles) to assist the vehicle in sensing any purpose or obstacle in its way, thus eliminating the probability of accidents. Whereas, the drive-by system is employed to electronically control the functions of the auto instead of traditional mechanical linkages. Autonomous vehicles also can help reduce traffic jams, supported by a study by the University of Illinois, it had been proved that one autonomous car stuck during a traffic jam with 20 other human-driven cars, can ease congestion by controlling its pace and hence the speed of all the different vehicles within the jelly. However, the rise focused on the development of autonomous vehicles is anticipated to propel the expansion of the drive by wire system market in the future.

REGIONAL ANALYSIS

North America is anticipated to possess a maximum market share in a global drive by wire market thanks to increased awareness among the people within the countries like US and Canada. The European region is predicted to witness a big contribution to the global drive-by-wire market. The regional market is anticipated to account for significant CAGR and also a lucrative opportunity for businesses over the foreseen period. Asia-Pacific, in terms of market share, is expanding in the global drive-by-wire market due to the drastic change in Asian countries' economies and automotive industries in Japan, India, and China.

KEY MARKET PLAYERS

Robert Bosch (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Infineon (Germany), Nexteer (US), CTS (US), Ficosa (Spain), Kongsberg (Switzerland), Hitachi Automotive (Japan), Curtiss-Wright (US). These are the market players that are dominating the global drive by wire market.\

RECENT HAPPENINGS IN THE GLOBAL DRIVE BY WIRE MARKET

• Summit Racing now offers Granatelli Motor Sports Drive-By-Wire Throttle Bodies. They're designed to extend airflow across the engine's RPM range for more horsepower and acceleration.
• German automotive supplier Schaeffler purchases drive-by-wire technology Space Drive from Paravan GmbH, which will play a key role in self-driving cars.
• TomTom has launched its first-ever autonomous test vehicle because it looks to enhance its various mapping technologies aimed toward the drive-by-wire technology car industry.

DETAILED SEGMENTATION OF THE GLOBAL DRIVE BY WIRE MARKET INCLUDED IN THIS REPORT

This research report on the global drive by wire market is segmented and sub-segmented into the following categories.

By Application

• Throttle-by-wire 
• Steer-by-wire 
• Shift-by-wire 
• Brake-by-wire 
• Park-by-wire 

By Sensor

• Throttle pedal sensor 
• Throttle position sensor 
• Pinion angle sensor 
• Handwheel angle sensor 
• Gear shift position sensor 
• Park sensor 
• Brake pedal sensor 

By Component

• Electronic control unit 
• Engine control module 
• Actuator 
• Feedback motor 
• Parking pawl 
• Electronic throttle control module 
• Electronic transmission control unit 

By Vehicle Type

• Passenger cars 
• Commercial Vehicle
• Electric Vehicle
• Off-Highway Vehicle

By Region

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa