Global Drive by Wire Market Research Report: Ken Research
Drive by wire is a technology that makes use of key electronic systems to control a vehicle. It is also known as a semi-automatic computer-controlled advanced technology being widely used in the cars. This technology also employs the key electronics components such as sensors and actuators for efficiently control the vehicular system including the brake, steering, acceleration, handling, and fueling the engine demand.
According to study, “Drive by Wire Market by Application (Throttle By Wire, Shift By Wire, Brake By Wire, Park By Wire, and Steer By Wire), Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle, and Off-highway Vehicles) and 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, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026” . Some of the key companies operating in drive by wire market includes Continental AG, ZF Friedrichshafen, Robert Bosch GmbH, Nissan Motor Corporation, Nexteer Automotive Group Limited, DENSO Corporation, Kongsberg Automotive, Curtiss-Wright Corporation, Ficosa Corporation (Panasonic Corporation), Hitachi Automotive.
Based on vehicle type, drive by wire market is segmented as commercial vehicle, passenger car, off-highway vehicle (agriculture tractor, forklift and construction & mining equipment) and electric vehicle. The passenger car is expected to register the high sales of the premium & luxury vehicles equipped and driven by the wire systems offering and high performance along with the safety and comforting features. Based on sensor type, market is segmented as throttle position sensor, gear shift position sensor, throttle pedal sensor, brake pedal sensor, pinion angle sensor, hand wheel angle sensor and park sensor. Based on component, market is segmented as electronic control unit (ECU), actuator, electronic throttle control module (ETCM), feedback motor, electronic transmission control unit (ETCU), engine control module (ECM), sensors, parking pawl and others. ECU segment dominates the market because of its usage in every drive by wire application and its cost compared to other elements makes it the best market. In addition, based on application, market is segmented as shift by wire, throttle by wire, steer by wire, brake by wire and park by wire. Steer by the wire segment is consisting of embedded software, the integrated electronic control unit and control network bus interface, reducing the need for the maintenance services over the drive-by the-wire system. This system will also consist of the electronic encoders that have sensors to track the steering wheel movement.
The drive by wire market is driven by growth of connected infrastructure, followed by rise in development of autonomous vehicles. However, Threat of data hacking and malfunctioning and high cost of drive by wire system may impact the market. Moreover, growth in development of smart cities is a key opportunity for market.
Based on geography, the North-American and European regions hold major share in drive by wire market owing to increase in awareness among the people in the regions. Whereas, the Asian-Pacific region is estimated to exhibit substantial growth rate due to drastic changes in economy coupled with growth in automotive industry over the forecast period.
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