Major players in the drive-by-wire market are Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Nissan Motor Corporation, DENSO Corporation, Nexteer Automotive Group Ltd, Kongsberg Automotive, Ficosa Internacional SA, Curtiss-Wright Corporation, Hitachi Automotive Systems Ltd., Infineon Technologies AG, TRW Automotive, S.A Citroen, SKF Group, and Mobil Elektronik GmbH.
The global drive-by-wire market is expected to grow from $21.94 billion in 2022 to $23.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The drive-by-wire market is expected to reach $30.43 billion in 2027 at a CAGR of 6.5%.
The drive-by-wire market includes revenues earned by entities by providing real-time drive-by-wire system, robot operating systems ROS2, safety-critical, and self-driving.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
Drive-by-wire refers to sensor-based systems that attempt to avoid a collision when another vehicle approaches too closely.It uses computer-controlled and electronic technology to operate a vehicle and it’s funcation.
The electronic system is utilized to trigger brakes, fuel the engine, and control steering.
Asia-Pacifc was the largest region in the drive-by-wire market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in drive-by-wire report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main solutions of drive-by-wire are brake-by-wire, steer-by-wire, throttle-by-wire, shift-by-wire, and others.Brake-by-wire technology replaces the mechanical and hydraulic components of traditional braking systems with electronic sensors and actuators to perform the braking function in a vehicle.
The various components involved are the actuator, electronic control unit, electronic throttle control module, feedback motor, others which consist of gear shift position sensor, throttle pedal sensor, brake pedal sensor, hand wheel angle sensor, and other. These are used for passenger car, commercial vehicle, electric vehicle, and off-highway vehicles.
The rising adoption of autonomous vehicles is expected to propel the growth of the drive-by-wire market going forward.Automated vehicles refer to a vehicle that can sense their surroundings and function without human intervention.
The drive-by-wire technology in autonomous vehicles allows the teleoperation software to deliver commands to the car using control techniques to steer, brake, accelerate, and change gears as needed, while simultaneously passing back data on the current vehicle status.For instance, in 2023, according to data published by Capgemini, a France-based information technology services company, autonomous cars are expected to be 15 percent of the total global car sales, and 95 million autonomous cars are expected to be sold annually by 2035.
Therefore, the rising adoption of autonomous vehicles is driving the growth of the drive-by-wire market.
Product innovation has emerged as the key trend gaining popularity in the drive-by-wire market.Major companies operating in the drive-by-wire market are developing new technologies to strengthen their position in the market.
For instance, in December 2020, Suzuki Motor Corporation, a Japan-based company that manufactures automobiles, motorcycles, and all-terrain vehicles (ATVs), launched the first 115hp and 140hp drive-by-wire outboard engines.The mid-sized 115hp and 140hp outboard engines are the first in their class to offer all the benefits of drive-by-wire technology, which has the throttle and shift controls send electronic signals down wires to the engine end, where the electronics are then told what to do.
It has an improved compression ratio of 10.6:1 and aids in the acceleration and top speed of these new 2.0-liter displacement outboards by boosting thermal efficiency. Fuel efficiency has also been improved over Suzuki’s previous DF115A and DF140A versions.
In December 2021, Clearpath Robotics, a Canada-based manufacturer of mobile robotic platforms, partnered with Sygnal Technologies Inc.With this partnership, Clearpath’s component store is authorized to sell and support the Sygnal DBW system around the world.
Sygnal Technologies Inc. is a US-based company that is an expert in drive-by-wire (DBW) control systems.
The countries covered in the drive-by-wire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The drive-by-wire market research report is one of a series of new reports that provides drive-by-wire market statistics, including drive-by-wire industry global market size, regional shares, competitors with drive-by-wire market share, detailed drive-by-wire market segments, market trends, and opportunities, and any further data you may need to thrive in the drive-by-wire industry. This drive-by-wire market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.