Drive by Wire Market

Drive by Wire Market Outlook - 2026

The global drive by wire market size was valued at $18.76 billion in 2018 and is projected to reach $35.18 billion by 2026, registering a CAGR of 8.3% from 2019 to 2026. Asia-Pacific accounted for the highest share in 2018 and is anticipated to maintain its lead in the global market throughout the forecast period. 

Factors such as rise in development of autonomous vehicles is driving the growth of the drive by wire market. In addition, increase in connected infrastructure is anticipated to boost the growth of the market. However, high cost of drive by wire system and threat of data hacking and malfunctioning is expected to hinder the growth of the market. Furthermore, development of smart cities present remarkable growth opportunities for the key players operating in the drive by wire market.

Drive by wire systems can be defined as adoption of electro-mechanical systems for controlling and performing vehicle functions, which were previously done by mechanical linkages. Drive by wire control systems are used as replacement for mechanical systems and energy-intensive systems in a vehicle. In the initial phase, only electronic throttle system was used, however, in recent days, even steering and braking systems are being controlled by electronics. Drive by wire system is one of the preconditions for fully autonomous and semi-autonomous driving functions. In addition, this system also improves fuel economy and reduces emission of pollutants from the vehicle.

The global drive by wire market is segmented into application, vehicle type, component and region. Depending on application, the market is divided into throttle by wire, shift by wire, brake by wire, park by wire, and steer by wire. On the basis of vehicle type, it is categorized into passenger car, commercial vehicle, electric vehicle, and off-highway vehicles.  Components are categorized as Actuator, Electronic Control Unit (ECU), Engine Control Module (ECM), Electronic Throttle Control Module (ETCM), Electronic Transmission Control Unit (ETCU), Feedback Motor, Parking Pawl, Sensors, and others. Based on region, the drive by wire market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Continental AG, Robert Bosch GmbH, ZF Friedrichshafen, Nissan Motor Corporation, DENSO Corporation, NEXTEER AUTOMOTIVE GROUP LIMITED, Kongsberg Automotive, Ficosa Corporation (Panasonic Corporation), Curtiss-Wright Corporation, Hitachi Automotive and other Key players hold major drive by wire market share.

Top Impacting Factors: 

Rise in development of autonomous vehicles

Autonomous vehicles have several advantages over traditional vehicles from improved safety to reduction in fuel and traffic congestion and emissions. An autonomous vehicle is installed with a number of sensors including LiDAR, RADAR, camera, GPS, and drive by wire system. These sensors are short range (providing details of moving objects near the vehicle) as well as long range (providing details of high-speed oncoming vehicles) to help the vehicle sense any object or obstacle in its way, thus eliminating the chances of accidents. Whereas, drive by system is used to electronically control the functions of vehicle rather than traditional mechanical linkages. Autonomous vehicles can also help reduce traffic congestion. Based on a study by University of Illinois, it was proved that one autonomous car stuck in a traffic congestion with 20 other human driven cars, can ease congestion by controlling its pace and hence speed of all the other cars in the jam. However, rise in focus on development of autonomous vehicle is anticipated to propel the growth of the drive by wire system.

Growth of connected infrastructure

The transportation infrastructure around the globe is evolving remarkably owing to rapid adoption of Internet of Things (IoT). Companies such as Cisco and IBM have created digital platforms, which can automate street and traffic lights, optimize trash pickup, and augment surveillance. For instance, installation of IoT sensors in Las Vegas streets has managed to control traffic congestion and solve environmental issues. Connected infrastructure includes car parks, toll booths, and smart street and traffic lights, which in turn boosts the growth of the autonomous vehicle market and eventually drive by wire market. Thus, growth of connected infrastructure creates favorable conditions for the adoption of autonomous vehicle, which in turn drives the growth of the global market. 

High cost of drive by wire system

Adoption of drive by wire systems began about 20 years ago, first in military, and later in commercial aircrafts and now in ground transportation sector. Traditional vehicles used hydraulic pressure, cables, and other ways to provide driver with direct and physical control over the direction and speed of the vehicle. Whereas, drive by wire technology uses electronics control to carry out the functioning of brakes, steering, and operate other systems. In addition, the cost of designing, manufacturing, and installing drive by wire systems is high and adds up to the cost of vehicle. Thus, high price associated to drive by wire system is anticipated to hinder the growth of the drive by wire market.

Development of smart cities

Top home security manufacturers are launching new home security systems with IoT and wireless technologies that allow users to remotely access home security. Addition of such technologies in home security systems resulted in emergence of new range of smarter home security systems with improved intrusion detection quality. However, adoption of artificial intelligence and deep learning in security systems is expected to deliver advanced level of security and comfort to the customer. Thus, adoption of deep learning and artificial intelligence in home security system is anticipated to provide potential growth opportunities for the players operating in the drive by wire market. 

Key Benefits for Drive by Wire Market:

• This study presents the analytical depiction of the global drive by wire market analysis along with the current trends and future estimations to depict the imminent investment pockets.
• The overall opportunity is determined by understanding the profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the drive by wire market with a detailed impact analysis.
• The current market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

 Drive by Wire Market Report Highlights