Global Drive by Wire Market is valued approximately USD 21.21 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.21% over the forecast period 2024-2032. Drive by wire systems or X by wire systems, include the electronic substitution of multiple electronic systems for conventional mechanical connections. These systems regulate the acceleration, braking, steering, and other operations of a car. These operations are usually controlled by mechanical or hydraulic parts in conventional vehicles. But with time, the wear and tear that these mechanical parts are subject to will cause them to lose some of their efficiency. Drive by wire technology has been developed by several key companies to tackle these issues. With the shift towards electric and hybrid vehicles, drive by wire systems are becoming more prevalent. Electric vehicles (EVs) require sophisticated electronic controls for power management, regenerative braking, and other functions, making drive by wire technology essential. Thus, these trends further help in growth of the Global Drive by Wire Market during the forecast period 2024-2032.
Advancements in automotive technology are significantly driving the demand for the Global Drive by Wire Market. The continuous evolution of automotive technology, propelled by factors such as electrification, connectivity, and automation, has transformed the way vehicles are designed, operated, and perceived by consumers. The rise of electric vehicles (EVs) necessitates sophisticated drive by wire systems to manage power delivery, regenerative braking, and other critical functions. For instance, in February 2024, REE Automotive Ltd. announced that it has begun customer deliveries of its x-by-wire P7-C electric chassis cab. Drive by wire technology plays a pivotal role in enhancing the efficiency, performance, and safety of EVs, driving demand for these systems. Moreover, the increasing integration of advanced driver assistance systems (ADAS) and autonomous driving features relies heavily on drive by wire technology. As automotive technology continues to advance, with ongoing innovation in electronic control systems, sensors, and actuators, the demand for the Global Drive by Wire Market is expected to increase further. However, establishing facilities for producing second-generation biofuels requires significant capital investment and high conversion efficiency from lignocellulosic biomass to biofuels remains a technical challenge that can stifle market growth between 2022 and 2032.
The key regions considered for the Global Drive by Wire Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the dominating regional market in terms of revenue and expected to grow at the fastest rate over the forecast period 2024-2032. The Asia Pacific region is a hub for automotive manufacturing, with many global automakers establishing production facilities in countries such as China and India. The increasing production of vehicles in the region fuels the demand for Global Drive by Wire Market. Furthermore, the region's rapid economic development, particularly in countries such as China, India, Japan, and South Korea, has led to increased consumer purchasing power and demand for automobiles. Thus, automakers are incorporating advanced technologies like drive by wire systems to cater to the growing market.
Major market player included in this report are:
- Robert Bosch GmbH
- Nissan Motor Co., Ltd.
- Hitachi Astemo, Ltd.
- Denso Corporation
- Curtiss-Wright Corporation
- Kongsberg Automotive
- Ficosa Corporation SA
- Continental AG
- ZF Friedrichshafen AG
- Nexteer Automotive
The detailed segments and sub-segment of the market are explained below:
By Application
- Throttle by Wire
- Shift by Wire
- Brake by Wire
- Park by Wire
- Steer by Wire
By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Electric Vehicle
- Off-highway Vehicles
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
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Drive by Wire Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Drive by Wire Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.3.1. By Application
- 2.3.2. By Vehicle Type
- 2.3.3. By Component
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Drive by Wire Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Drive by Wire Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Drive by Wire Market Size & Forecasts by Application 2022-2032
- 5.1. Throttle by Wire
- 5.2. Shift by Wire
- 5.3. Brake by Wire
- 5.4. Park by Wire
- 5.5. Steer by Wire
Chapter 6. Global Drive by Wire Market Size & Forecasts by Vehicle Type 2022-2032
- 6.1. Passenger Car
- 6.2. Commercial Vehicle
- 6.3. Electric Vehicle
- 6.4. Off-highway Vehicles
Chapter 7. Global Drive by Wire Market Size & Forecasts by Component 2022-2032
- 7.1. Actuator
- 7.2. Electronic Control Unit (ECU)
- 7.3. Engine Control Module (ECM)
- 7.4. Electronic Throttle Control Module (ETCM)
- 7.5. Electronic Transmission Control Unit (ETCU)
- 7.6. Feedback Motor
- 7.7. Parking Pawl
- 7.8. Sensors
- 7.9. Others
Chapter 8. Global Drive by Wire Market Size & Forecasts by Region 2022-2032
- 8.1. North America Drive by Wire Market
- 8.1.1. U.S. Drive by Wire Market
- 8.1.1.1. Application breakdown size & forecasts, 2022-2032
- 8.1.1.2. Vehicle Type breakdown size & forecasts, 2022-2032
- 8.1.1.3. Component breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Drive by Wire Market
- 8.2. Europe Drive by Wire Market
- 8.2.1. U.K. Drive by Wire Market
- 8.2.2. Germany Drive by Wire Market
- 8.2.3. France Drive by Wire Market
- 8.2.4. Spain Drive by Wire Market
- 8.2.5. Italy Drive by Wire Market
- 8.2.6. Rest of Europe Drive by Wire Market
- 8.3. Asia-Pacific Drive by Wire Market
- 8.3.1. China Drive by Wire Market
- 8.3.2. India Drive by Wire Market
- 8.3.3. Japan Drive by Wire Market
- 8.3.4. Australia Drive by Wire Market
- 8.3.5. South Korea Drive by Wire Market
- 8.3.6. Rest of Asia Pacific Drive by Wire Market
- 8.4. Latin America Drive by Wire Market
- 8.4.1. Brazil Drive by Wire Market
- 8.4.2. Mexico Drive by Wire Market
- 8.4.3. Rest of Latin America Drive by Wire Market
- 8.5. Middle East & Africa Drive by Wire Market
- 8.5.1. Saudi Arabia Drive by Wire Market
- 8.5.2. South Africa Drive by Wire Market
- 8.5.3. Rest of Middle East & Africa Drive by Wire Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Robert Bosch GmbH
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Nissan Motor Co., Ltd.
- 9.3.3. Hitachi Astemo, Ltd.
- 9.3.4. Denso Corporation
- 9.3.5. Curtiss-Wright Corporation
- 9.3.6. Kongsberg Automotive
- 9.3.7. Ficosa Corporation SA
- 9.3.8. Continental AG
- 9.3.9. ZF Friedrichshafen AG
- 9.3.10. Nexteer Automotive
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes