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Global Drive by Wire Market By Component (Actuator, Parking Pawl, Others), By Electric & Hybrid Vehicle Type (BEV, FCEV, Others), By Vehicle Type (PC, Trucks, Others), By Application, By Region, Forecast & Opportunities to 2026

The global drive by wire market accounted for a value of 21.6 billion in 2019 and is projected to register growth at a CAGR of 5.4% during forecast period.

COVID-19 has impacted the low carbon propulsion market. The automotive industry is adversely affected due to this ongoing pandemic. The manufacturing of vehicles is on halt due to lockdown and supply chain got disrupted due to travel restriction. The sales of vehicle are immensely declined across the globe. The drive by wire growth is directly dependent on vehicle production. The growth of drive by wire market is likely to decline during COVID-19.

Definition:

Drive by wire is the use of electro-mechanical systems for performing vehicle functions which is achieved by mechanical linkages and this technology is used in automotive industry. The traditional mechanical control systems are replaced with electronic control systems with the use of electromechanical actuators and human-machine interfaces such as steering feel emulators and pedal.

Market Dynamics (Drivers/Opportunities):

The tail-pipe emission limits are decreasing which increases trend for light weight vehicle. Passenger cars, LCVs and HCVs are widely adopting drive by wire systems to provide enhanced features to consumers. Many countries are focusing on reducing emissions and to implement stringent emission norms. This makes OEMs adopts technologies that helps in vehicle weight reduction. The electrification of vehicle helps in weight reduction and this increases adoption of drive by wire systems. Thus, drives growth in drive by wire market during forecast period.

The number of mandates is increasing by governments of many countries to control vehicle emission in order to reduce air pollution. The demand for maximum comfort is increasing by consumers and they are demanding different safety features. The drive by wire helps in reducing vehicle weight which further helps in reducing emissions. This increases adoption of drive by wire market and drives growth in this market during forecast period.

Market Insights, by Electric & Hybrid Vehicle Type

On the basis of electric & hybrid vehicle type, the drive by wire market is segmented into BEV, FCEV and PHEV. The BEV segment is estimated to be the fastest growing market during forecast period. The trend for drive by wire systems is increasing in BEVs. It uses high voltage batteries. The adoption of drive by wire system enhances the driving performance of BEVs and it consumes less electrical energy from battery. The application of drive by wire systems are increasing in BEVs. This drives growth in BEV segment during forecast period.

Market Insights, by Component

On the basis of component, the drive by wire market is segmented into actuator, electronic control unit, engine control module, feedback motor, parking pawl, electronic transmission control unit and electronic throttle control module. The actuator segment is expected to hold largest market share during forecast period. Drive by wire segment used one or more actuators for example brake by wire uses four actuators one at each wheel. Actuator is considered as one the important component used in drive by wire. Various types of actuators are used in drive by wire such as feedback actuator, pinion actuator, pump actuator and steering actuator etc.  The drive by wire application is increasing in vehicles which drive growth in actuator segment during forecast period.

Market Insights, by Vehicle Type

On the basis of vehicle type, the drive by wire market is segmented into passenger car, light commercial vehicle, trucks and buses. The passenger car segment is estimated to hold largest market share during forecast period. The mid-sized car and luxury car widely use drive by wire technology. The production and sales of passenger car is increasing which adopts the drive by wire technology and this increases the demand for drive by wire in the market. The demand for safety and luxury is increasing across the world. This drives growth in drive by wire market during forecast period.

Regional Insights

Asia-Pacific region is estimated to be the fastest growing market during forecast period. The consumer preference is changing and the demand for advanced features is increasing and the disposable income of population is increasing. The cheap labor and raw materials are available in this region which provides cost advantages to OEMs. China is considered to have largest market for automobile in Asia-Pacific region. The adoption of premium and luxury cars is increasing which boost the drive by wire market in this region. This region has implemented the stringent emission norms which increases the growth of drive by wire market. Thus, drives growth in Asia-pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in drive by wire industry are Continental AG, Robert Bosch GMBH, ZF Friedrichshafen AG, Infineon Technologies AG, Nexteer Automotive, CTS Corporation, Ficosa International, Kongsberg Automotive, Hitachi Automotive Systems, Curtiss-Wright Corporation, Orscheln, Aptiv, SKF, Denso Corporation, Nissan Corporation and Mobil Electronik GmbH.

Drive by Wire Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Drive by Wire Market, By Component , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Actuator
  • Electronic Control Unit
  • Engine Control Module
  • Feedback Motor
  • Parking Pawl
  • Electronic Transmission Control Unit
  • Electronic Throttle Control Module
  1. Drive by Wire Market, By Electric & Hybrid Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • BEV
  • FCEV
  • PHEV
  1. Drive by Wire Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger vehicle
  • Light Commercial vehicle
  • Trucks
  • Buses
  1. Drive by Wire Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Throttle-by-Wire
  • Shift-by-Wire
  • Steer-by-Wire
  • Brake-by-Wire
  • Park-by-Wire
  1. Drive by Wire Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Component
    • By Electric & Hybrid Vehicle Type
    • By Vehicle Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Component
      • By Electric & Hybrid Vehicle Type
      • By Vehicle Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Component
        • By Electric & Hybrid Vehicle Type
        • By Vehicle Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Component
          • By Electric & Hybrid Vehicle Type
          • By Vehicle Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Component
            • By Electric & Hybrid Vehicle Type
            • By Vehicle Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Mobil Electronik GmbH
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Continental AG
    • Robert Bosch GMBH
    • ZF Friedrichshafen AG
    • Infineon Technologies AG
    • Nexteer Automotive
    • CTS Corporation
    • Ficosa International
    • Kongsberg Automotive
    • Hitachi Automotive Systems
    • Curtiss-Wright Corporation
    • Orscheln
    • Aptiv
    • SKF
    • Denso Corporation
    • Nissan Corporation
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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