Drive By Wire Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Drive-through-wire (DbW) is a semi-automated pc managed generation specifically utilized in automobiles. It controls the vehicle’s steering, braking, acceleration, and different vital features. In traditional vehicles, those features are carried through hydraulic or mechanical additives. These mechanical additives are liable to wear. Hence, their performance declines over the period. In order to triumph over those challenges, primary key players have come up with this generation, which is likewise called X-through wire. The drive-by-twine is a rising era withinside the car industry. It has changed mechanical structures which include intermediate shafts, grasp cylinders, pumps, guidance columns, and extra with high-give-up digital manipulate structures. For example, rather than a bodily hyperlink from the accelerator to the engine, the sensor detects the driver’s motion and sends a sign to the actuator which actuates the throttle and turns the wheel.

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Due to the rapid urbanization of automobiles and technological advances, the demand for drive-by-wire systems for vehicles is increasing. Smart city projects are growing rapidly in developing countries. The increasing adoption of IoT and wireless technologies in home security systems is expected to accelerate the growth of the global drive-by-wire market. As the use of home security systems increases, home security system manufacturers have potential benefits. Increasing security needs are also contributing to the increasing use of AI and deep learning in security systems. Drive-by-wire technology is increasingly being used in electric vehicles, forklifts, construction and mining equipment, harvesters, tractors, industrial mowers, commercial vehicles, and a variety of other off-road vehicles. Drive by wire is an emerging technology in the automotive field. It is predicted to update the mechanical gadget inclusive of grasp cylinders, intermediate shaft, guidance columns, pumps, etc. Drive-by-cord structures are gaining recognition because of the growing call for off-street motors throughout the globe. 

According to UnivDatos Market Insights (UMI)’ research report “Drive By Wire Market”, the market is expected to witness a CAGR growth of around ~7% during the forecast period 2021-2027F. Global Drive By Wire Market is experiencing significant growth due to the stringent government Norms Regarding the reduction in emissions from vehicles along with rising demand for autonomous and fuel-efficient vehicles.

Based on application, the market is segmented into Brake, Park, Shift, Steer, and Throttle. The Shift segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. Over the projected period, the shift-by-wire segment is expected to dominate the market. It's a system that uses an electronic control device to adjust the gearbox mode. The mechanical linkage between the gearbox and the lever is eliminated with this technique. With the use of a push-button, shift-by-wire allows for seamless gear shifting. Proper gear changing aids in maintaining the vehicle's fuel efficiency.

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Based on the vehicle type, the market is segmented into Passenger Car and Commercial Vehicle. The Passenger Car segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. The drive-by-wire system is used in the majority of mid-size and luxury car classes. In the future years, the worldwide passenger car drive by wire market will be driven by increased production of mid-size and luxury automobiles. In addition, the passenger car drive by wire market is predicted to benefit from rising demand for higher safety and luxury, as well as improved operational accuracy. Additionally, as more severe pollution standards are enacted around the world, automakers are being forced to use drive-by-wire technology in their automobiles. The dominance of this category in the market is expected to grow as sales and manufacturing of passenger automobiles increase. Over the projection period, the government's various tax incentives for the purchase of hybrid and electric vehicles will stimulate demand for passenger automobiles

Based on component, the market is segmented into Electronic Control Unit, Actuator, Electronic Throttle Control Module, Electronic Transmission Control Unit, and Others. The Actuator segment generated revenue of USD XX billion in 2020 and is expected to grow at a CAGR XX% during the forecasted period. One or more actuators are used in every drive by wire application. For example, a brake-by-wire system has four actuators, one for each wheel. Because electric actuators may be controlled precisely with the brake system ECU, electrically actuated brakes are compatible with technologies like an anti-lock braking system (ABS) and stability control. The pedal linking the gas pedal and the throttle valve is replaced by an electronic system made up of a number of sensors and actuators in throttle-by-wire. In drive-by-wire applications, a variety of actuators are used, including steering actuators, feedback actuators, pinion actuators, motor controlling throttle valve position actuators, and Servomotor/pump actuators. The global market for actuators is likely to be driven by the growing number of automobiles with drive-by-wire applications.

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Asia Pacific to Grab Lion’s Share

Due to changing consumer preferences, rising middle-class discretionary income, and cost benefits for OEMs due to the availability of inexpensive labor and raw materials, Asia Pacific has emerged as a hub for automobile production in recent years. Daimler, Volvo, BMW, Volkswagen, and Scania, among others, have production facilities in these countries. Because China is a key automobile market in the Asia Pacific, the market for premium and luxury vehicles are likely to rise. In addition, the drive-by-wire industry is likely to benefit from the implementation of stringent emission standards in the Asia Pacific. However, the region's cost-sensitive characteristics and popular preference for conventional vehicles could stifle market expansion.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Drive By Wire Market include Denso Corporation, ZF Friedrichshafen, Curtiss-Wright Corporation, TRW Automotive, Continental AG, Hitachi Automotive Systems, Ltd., Nissan Motor Corporation, Robert Bosch GmbH, Ficosa Corporation and Kongsberg Automotive

·       In Oct. 2020, ZF launched next-generation AKC active rear-axle steering system in volume production. The second generation of ZF's AKC (Active Kinematics Control) active rear-axle steering is improved with targeted technical developments. A greater steering angle of up to ten degrees increases the agility of long vehicles and “Steer-by-wire” technology simplifies the integration into automated driving functions. ZF’s position as the market leader in vehicle motion control is underlined by this product launch on a prestige brand

“Global Drive By Wire Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.     By Application (Brake, Park, Shift, Steer, and Throttle)

2.     By Vehicle Type (Passenger Car and Commercial Vehicle)

3.     By Component (Electronic Control Unit, Actuator, Electronic Throttle Control Module, Electronic Transmission Control Unit, and Others)

4.     By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)

5.     By Company (Denso Corporation, ZF Friedrichshafen, Curtiss-Wright Corporation, TRW Automotive, Continental AG, Hitachi Automotive Systems, Ltd., Nissan Motor Corporation, Robert Bosch GmbH, Ficosa Corporation and Kongsberg Automotive)

Key questions answered in the study:

1.     What are the current and future trends of the Global Drive By Wire industry?

2.     How the industry has been evolving in terms of end-user demand and product category?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the Global Drive By Wire industry?

5.     What is the customer orientation, purchase behavior, and expectations from the Global Drive By Wire suppliers across various countries?  

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 DRIVE BY WIRE MARKET COVID-19 IMPACT

6 DRIVE BY WIRE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY APPLICATION

8 MARKET INSIGHTS BY VEHICLE TYPE

9 MARKET INSIGHTS BY COMPONENT

10 MARKET INSIGHTS BY REGION

11 DRIVE BY WIRE MARKET DYNAMICS

12 DRIVE BY WIRE MARKET OPPORTUNITIES

13 DRIVE BY WIRE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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