Drive by Wire Market Size, Share, and Trends 2024 to 2034

The global drive by wire market size was USD 26.42 billion in 2023, calculated at USD 28.38 billion in 2024 and is projected to surpass around USD 57.94 billion by 2034, expanding at a CAGR of 7.4% from 2024 to 2034.

  • Last Updated : September 2024
  • Report Code : 1238
  • Category : Automotive

 

Drive by Wire Market

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Drive by Wire Market 

5.1. COVID-19 Landscape: Drive by Wire Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Drive by Wire Market, By Component

8.1. Drive by Wire Market, by Component, 2024-2034

8.1.1. Vehicle Electronic Control Unit

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Actuator

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Engine Control Module

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Electronic Transmission Control Unit

8.1.4.1. Market Revenue and Forecast (2021-2034)

8.1.5. Feedback Motor

8.1.5.1. Market Revenue and Forecast (2021-2034)

8.1.6. Sensors

8.1.6.1. Market Revenue and Forecast (2021-2034)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Drive by Wire Market, By Solution

9.1. Drive by Wire Market, by Solution, 2024-2034

9.1.1. Brake by Wire

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Steer by Wire

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Throttle by Wire

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Shift by Wire

9.1.4.1. Market Revenue and Forecast (2021-2034)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Drive by Wire Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Component (2021-2034)

10.1.2. Market Revenue and Forecast, by Solution (2021-2034)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Component (2021-2034)

10.1.3.2. Market Revenue and Forecast, by Solution (2021-2034)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Component (2021-2034)

10.1.4.2. Market Revenue and Forecast, by Solution (2021-2034)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Component (2021-2034)

10.2.2. Market Revenue and Forecast, by Solution (2021-2034)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Component (2021-2034)

10.2.3.2. Market Revenue and Forecast, by Solution (2021-2034)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Component (2021-2034)

10.2.4.2. Market Revenue and Forecast, by Solution (2021-2034)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Component (2021-2034)

10.2.5.2. Market Revenue and Forecast, by Solution (2021-2034)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Component (2021-2034)

10.2.6.2. Market Revenue and Forecast, by Solution (2021-2034)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Component (2021-2034)

10.3.2. Market Revenue and Forecast, by Solution (2021-2034)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Component (2021-2034)

10.3.3.2. Market Revenue and Forecast, by Solution (2021-2034)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Component (2021-2034)

10.3.4.2. Market Revenue and Forecast, by Solution (2021-2034)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Component (2021-2034)

10.3.5.2. Market Revenue and Forecast, by Solution (2021-2034)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Component (2021-2034)

10.3.6.2. Market Revenue and Forecast, by Solution (2021-2034)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Component (2021-2034)

10.4.2. Market Revenue and Forecast, by Solution (2021-2034)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Component (2021-2034)

10.4.3.2. Market Revenue and Forecast, by Solution (2021-2034)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Component (2021-2034)

10.4.4.2. Market Revenue and Forecast, by Solution (2021-2034)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Component (2021-2034)

10.4.5.2. Market Revenue and Forecast, by Solution (2021-2034)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Component (2021-2034)

10.4.6.2. Market Revenue and Forecast, by Solution (2021-2034)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Component (2021-2034)

10.5.2. Market Revenue and Forecast, by Solution (2021-2034)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Component (2021-2034)

10.5.3.2. Market Revenue and Forecast, by Solution (2021-2034)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Component (2021-2034)

10.5.4.2. Market Revenue and Forecast, by Solution (2021-2034)

Chapter 11. Company Profiles

11.1. TORC Robotics Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Mobil Elektronik GmbH

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Danaher Motion

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Robert Bosch GmbH

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. SKF Group

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Audi

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. RLP Engineering

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Peugeotm

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Nissan

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. TRW

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

 

 

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Frequently Asked Questions

The global drive by wire market size was estimated at USD 26.42 billion in 2023 and is projected to surpass around USD 57.94 billion by 2034.

Drive-by-wire can be described as an automotive expertise that substitutes the conventional mechanical arrangements of an automobile, such as braking, throttle control, gear shifting, and steering by the use of electronic arrangements. The drive-by-wire technology is an innovative vehicle regulator strategy; it is integration of mechanical connections within an automobile. The drive-by-wire technology substitutes conventional mechanical controller systems with electric control arrangements by employing the electromechanical actuators and machine-human interfaces pedal and steering.

The global drive by wire market is exhibiting a CAGR of 7.4% between forecast period 2024 to 2034.

Implementation of stringent vehicle emission regulations by government authorities, increasing demand for comfort of automobile owners, advantages such as reduction in vehicle weight and higher fuel efficiency, reduced tail-pipe emission, and technological advancements are among major factors boosting growth of the global industry. Additionally, increasing popularity and adoption of autonomous vehicles is fueling growth of the drive-by-wire market worldwide. Moreover, rapidly increasing awareness regarding fuel conservation is having positive impact on the growth of global industry.

Asia Pacific region will lead the global drive by wire market during the forecast period 2024 to 2034.

The shift-by-wire reported largest revenue in 2023. This is accredited to features such as effortless gear shift just by a push of a button. Further, advantages such as lower fuel consumption are expected to boost the growth of the segment in the near future.

The major companies functioning in the worldwide drive by wire market are TORC Robotics Inc., Mobil Elektronik GmbH, Danaher Motion, Robert Bosch GmbH, SKF Group, Audi, RLP Engineering, Peugeotm, Nissan, and TRW among others.

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