LONDON, Oct. 15, 2018 /PRNewswire/ -- Rising demand
for passenger safety, comfort and luxury, and reduction in vehicle
weight will propel the drive by wire market
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The drive by wire market is primarily driven by the increasing
number of mandates from governments to control vehicle emissions
and the demand for passenger safety and comfort. The drive by wire
market is projected to grow at a CAGR of 8.86% from 2018 to 2025.
From a market size of USD 19.12
billion in 2018, it is projected to reach USD 34.63 billion by 2025. However, the major
factor restraining the growth of the drive by wire market is the
high incremental cost, risk of failure in electronics, and lack of
public acceptance.
Brake-by-wire to be the fastest growing drive by wire
application of the drive by wire market
The brake-by-wire system works in combination with the anti-lock
braking system, electronic brake assist, and electronic brake force
distribution which increase the vehicle's stability and control.In
addition to that, a brake-by-wire system replaces the conventional
mechanical and hydraulic components, thereby reducing the space
required for casing braking systems and control weight.
Such associated benefits will drive the growth of this market
during the forecast period.
Gear shift position sensor to have the largest market among sensors
of the drive by wire market.
The gear shift position sensor is a component of the shift-by-wire
system and automatic transmissions.The gear shift position sensor
detects the position of the gear, such as first or second, and
sends the data as an electric signal to the ECU.
The highest market share of the shift-by-wire system makes the
market for gear shift position sensor the highest owing to its
standard usage in the system. Hence, with the increasing demand for
shift-by-wire, the market for gear shift position sensor is
expected to increase.
Asia Pacific to be the largest
and Europe to be one of the
fastest markets for drive by wire
Asia Pacific is estimated to
dominate the drive by wire market, and Europe is projected to be the fastest growing
market during the forecast period.Consumers in the Asia Pacific region are increasingly demanding
advanced technologies such as automatic and automated manual
transmission in mid-size and economy class vehicles.
Advanced drive by wire technologies such as shift-by-wire,
park-by-wire, and throttle-by-wire are thus deployed in these
vehicle classes.In addition, the modern EVs also use drive by wire
systems for actuation.
As Asian countries plan to standardize emission norms and use an
increasing number of EVs in the future, drive by wire systems are
likely to gain traction.Europe is also the largest market for
passenger cars, particularly for premium cars (C segment and
above).
The demand for premium cars has accentuated the need for lower
emission and vehicle weight, which can be achieved with the help of
drive by wire systems. With the increase in the sale of premium
cars, the demand for efficient drive by wire systems is increasing
to improve the vehicle performance and comfort, and this is further
driving the drive by wire market in Europe.
The study contains insights provided by various industry
experts. The break-up of the primaries is as follows:
• By Company Type - Tier 1 – 30 %, Tier 2 – 40% and OEMs – 30%
• By Designation – C level – 40%, Director level – 30%, Others –
30%
• By Region – North America - 20%,
Europe – 30%, APAC – 40%, RoW –
10%
Note: Others includes sales managers, marketing managers, and
product managers.
The company tiers are based on the value chain; the revenue of the
company has been not considered.
OEMs are Vehicle manufacturers, Tier I are drive by System
manufacturers/assemblers supplying to OEMs, Tier II are component
manufacturers supplying to Tier I.
The report provides detailed profiles of the following
companies:
• Bosch (Germany)
• Continental (Germany)
• ZF (Germany)
• Infineon (Germany)
• Nexteer (US)
• CTS (US)
• Ficosa (Spain)
• Kongsberg (Switzerland)
• Hitachi Automotive (Japan)
• Curtiss-Wright (US)
Research Coverage
The drive by wire market has been segmented on the basis of
application (throttle-by-wire, steer-by-wire, shift-by-wire,
brake-by-wire, and park-by-wire), sensor type (throttle pedal
sensor, throttle position sensor, pinion angle sensor, hand wheel
angle sensor, gear shift position sensor, park sensor, and brake
pedal sensor), component (ECU—Electronic Control Unit, ECM—Engine
Control Module, actuator, feedback motor, parking pawl,
ETCM—Electronic Throttle Control Module, and ETCU—Electronic
Transmission Control Unit), on highway vehicle (passenger car,
light commercial vehicles, buses, and trucks), off-highway vehicle
(construction & mining equipment, agriculture tractors,
forklifts), electric & hybrid vehicle (BEV, HEV, PHEV),
autonomous vehicles in terms of application (throttle-by-wire,
steer-by-wire, shift-by-wire, brake-by-wire, and park-by-wire), and
region (Asia Pacific, Europe, North
America, and RoW).
Reasons to Buy the Report:
The report provides insights with reference to the following
points:
• Market Development: The report provides comprehensive information
about lucrative emerging markets. The report analyzes the markets
for drive by wire across regions.
• Product Development/Innovation: The report offers detailed
insights into R&D activities, upcoming technologies, and new
product launches in the global drive by wire market.
• Market Diversification: The report provides detailed information
about untapped markets, investments, new products, and recent
developments in the global drive by wire market.
• Competitive Assessment: The report provides an in-depth
assessment of strategies, products, and manufacturing capabilities
of leading players in the global drive by wire market.
• Country Level Market: The report provides detailed information
about the usage of each drive by wire application at the country
level for on-highway vehicles. The report also covers the market
for sensors and components at a regional level for on-highway
vehicles.
• Other Vehicle Types: The report covers the drive by wire market
for off-highway, electric & hybrid, and autonomous vehicles at
a regional level.
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