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The Worldwide Market for Drive By Wire - Forecast to 2025: Easy Integration and Independence of Design Will Drive the Technological Adoption

Dublin, Dec. 19, 2018 (GLOBE NEWSWIRE) -- The "Drive By Wire Market by Application (Brake, Park, Shift, Steer, Throttle), Sensor (Brake Pedal, Throttle Position & Pedal, Park, Gearshift, Handwheel, etc.), Vehicle (On-Highway, OHV, BEV/HEV/PHEV, etc.), Component & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Rising demand for passenger safety, comfort and luxury, and reduction in vehicle weight will propel the drive by wire market

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.

Key Topics Covered

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Package Size
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources For Vehicle Production
2.2.2 Key Secondary Sources For Market Sizing
2.2.3 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.5 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities In The Drive By Wire Market
4.2 Drive By Wire Market, By Region
4.3 Drive By Wire Market, By Country
4.4 Drive By Wire Market, By Application
4.5 Drive By Wire Market, By On-Highway Vehicle
4.6 Drive By Wire Market, By Sensor Type
4.7 Drive By Wire Market, By Component
4.8 Drive By Wire Market, By Electric & Hybrid Vehicle
4.9 Drive By Wire Market, By Off-Highway Vehicle
4.10 Autonomous Vehicles Drive By Wire Market, By Application

5 Market Overview
5.1 Introduction
5.2 Drivers
5.2.1 Decreased Tail-Pipe Emission Limits Leading To Vehicle Light-Weighting Trend
5.2.1.1 On-Road Vehicles
5.2.1.2 Off-Road Vehicles
5.2.2 Increase In Demand For Premium And Luxury Vehicles
5.2.3 Easy Integration And Independence Of Design Will Drive The Technological Adoption
5.3 Restraints
5.3.1 High Cost And Limited Public Acceptance For Drive By Wire
5.4 Opportunities
5.4.1 Advancement In Autonomous Vehicles
5.4.1.1 Development In Autonomous Off-Highway Equipment
5.4.1.2 Increase In Demand For Autonomous Cars
5.4.1.3 Latent Demand For Semi-Autonomous And Autonomous Trucks
5.5 Challenges
5.5.1 Fail-Safe Electronics
5.5.2 Legal And Regulatory Framework Issues
5.5.3 Compatibility Issues With The 12 V Architecture

6 Technology Overview
6.1 Introduction
6.2 Drive By Wire: Technology Roadmap
6.3 Drive By Wire: Applications
6.3.1 Throttle-By-Wire
6.3.2 Shift-By-Wire
6.3.3 Brake-By-Wire
6.3.4 Park-By-Wire
6.3.5 Steer-By-Wire

7 Drive By Wire Market, By Application
7.1 Introduction
7.2 Brake-By-Wire
7.3 Park-By-Wire
7.4 Shift-By-Wire
7.5 Steer-By-Wire
7.6 Throttle-By-Wire

8 Drive By Wire Market, By Sensor Type
8.1 Introduction
8.2 Brake Pedal Sensor
8.3 Hand Wheel Angle Sensor
8.4 Gear Shift Position Sensor
8.5 Pinion Angle Sensor
8.6 Park Sensor
8.7 Throttle Pedal Sensor
8.8 Throttle Position Sensor

9 Drive By Wire Market, By Component
9.1 Introduction
9.2 Actuator
9.3 Electronic Control Unit (ECU)
9.4 Engine Control Module (ECM)
9.5 Electronic Throttle Control Module (ETCM)
9.6 Electronic Transmission Control Unit (ETCU)
9.7 Feedback Motor
9.8 Parking Pawl

10 Drive By Wire Market, By On-Highway Vehicle
10.1 Introduction
10.2 Passenger Car
10.3 Light Commercial Vehicle (LCV)
10.4 Truck
10.5 Bus

11 Drive By Wire Market, By Electric & Hybrid Vehicle Type
11.1 Introduction
11.2 Battery Electric Vehicle (BEV)
11.3 Hybrid Electric Vehicle (HEV)
11.4 Plug-In Hybrid Electric Vehicle (PHEV)

12 Drive By Wire Market, By Off-Highway Vehicle Type
12.1 Introduction
12.2 Agriculture Tractors
12.3 Construction & Mining Equipment
12.4 Forklift

13 Drive By Wire Market, By Autonomous Vehicle
13.1 Introduction
13.2 Brake By Wire
13.3 Park-By-Wire
13.4 Shift-By-Wire
13.5 Steer-By-Wire
13.6 Throttle-By-Wire
13.7 Autonomous Vehicle

14 Drive By Wire Market, By Region
14.1 Introduction
14.2 Asia Pacific
14.3 Europe
14.4 North America
14.5 Rest of the World (RoW)

15 Competitive Landscape
15.1 Introduction
15.2 Drive By Wire: Market Share Analysis
15.3 Competitive Situations & Trends
15.3.1 Supply Contract
15.3.2 New Product Development
15.3.3 Expansion
15.3.4 Acquisition/Partnership/Collaboration

16 Company Profiles
16.1 Bosch
16.2 Continental
16.3 ZF
16.4 Infineon
16.5 Nexteer
16.6 CTS
16.7 Ficosa
16.8 Kongsberg
16.9 Hitachi Automotive
16.10 Curtiss-Wright
16.11 Additional Company Profiles
16.11.1 North America
16.11.1.1 Orscheln
16.11.1.2 KSR International
16.11.1.3 Lord Corporation
16.11.1.4 Dura Automotive
16.11.2.1 SKF
16.11.2.2 Delphi
16.11.2.3 Mobil Electronik
16.11.2.4 Thyssenkrupp
16.11.3 Asia Pacific
16.11.3.1 Denso
16.11.3.2 Nissan
16.11.3.3 Jtekt

For more information about this report visit https://www.researchandmarkets.com/research/6sc2f3/the_worldwide?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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