Global Drive By Wire Market Size, Share, Forecast Report, 2020-2027

Drive-by-wire refers to an automotive technology that replaces the conventional mechanical systems of a vehicle, such as throttle control, braking, steering and gear shifting by the application of electronic systems.

The use of drive-by-wire technology in passenger cars also facilitates improvements in the fault diagnosis and monitoring, thereby reducing the cost of maintenance of the vehicle. The system comprises electromagnetic actuators, which helps modulate the amount of fuel to be supplied to the cylinder. The use of these systems also enhances the safety of the vehicle by providing computer controlled systems, such as lane assist systems and electronic stability control.

The growth of this market is majorly driven by an increase in number of laws and mandates by governments with the objective of controlling the vehicular emissions. The use of drive-by-wire technology in an automotive helps increase the fuel efficiency of the automotive by reducing the weight of the vehicle. Growth in the demand for off-road vehicles is also driving the demand for drive-by-wire market.
Market Segmentation:

By application, the market has been segmented as throttle by wire, brake by wire, shift by wire, steer by wire and others. Amongst these, the steer-by-wire is expected to have the highest CAGR over the forecast period. This system is comprised of embedded software, integrated electronic control unit and control area network bus interface, which reduces the need for maintenance services during the life of the drive-by-wire system. This system also consists of electronic encoders that have sensors for tracking the steering wheel movement.
Key Players:

The prominent players in the drive-by-wire market include Robert Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.), TRW Automotive (U.S.), Nissan Motor Corporation (Japan), and P.S.A Citroen (France), and SKF Group (Sweden). Mobil Elektronik GmbH (Germany), Hitachi Automotive Systems, Ltd. (Japan), Continental Group (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Curtiss-Wright Corporation (U.S.), and Infineon Group (Germany) are among others.