Drive By Wire Market Size, Share & Trends Analysis Report By Sensors Type (Electric Vehicle, Off-highway Vehicles, Passenger Car), By Application (Brake By Wire, Park By Wire, Steer By Wire), By Region, And Segment Forecasts, 2023 To 2030

The growth of the drive by wire market can be attributed to drive by wire systems that improve vehicle fuel efficiency by reducing the weight of mechanical components and enabling more accurate engine and powertrain management. So, automakers trying to boost fuel efficiency have raised their demand for drive by wire systems. The advancement of new sensor and actuator technologies has replaced mechanical components in automobiles with electronic systems, allowing for more accurate and responsive control of vehicle functions. As a result, new drive by wire systems for steering, braking, and throttle control have been developed.

Drive by wire systems can increase vehicle safety by offering faster and more accurate control of car operations, including braking and steering. For instance, since January 2022, Hitachi is working on making cars safer, more comfortable, and easier to control. They are developing new technology for the steering, brakes, and suspension systems. The new steering system will be very responsive and help avoid accidents. They are also working on a new way to control the steering. The brakes will be more precise and use less energy, and the suspension will be very comfortable this has resulted in the growing demand for drive by wire systems from automakers looking to improve car safety.

Drive by wire systems are ideal for use in electric and hybrid cars that depend on electronic components for engine and control. This has resulted in greater use of drive by wire technologies in electric and hybrid automobiles. Drive by wire technologies, which enable accurate control of vehicle operations without human involvement, are essential components of autonomous cars. As a result, businesses developing autonomous vehicles have boosted their investment in drive by wire technology. Drive by wire technology has several applications in the automotive, aerospace, and marine industries. Drive by wire systems are utilized in passenger automobiles, commercial vehicles, and racing cars in the automotive industry. Drive by wire systems are used in airplanes, helicopters, drones in the aerospace sector, and boats and ships in the marine industry.

The COVID-19 pandemic has disrupted global supply chains, leading to delays in the production and delivery of drive by wire systems. This led to a shortage of components and increased prices. The pandemic has increased the demand for autonomous vehicles as people seek alternatives to public transportation. Drive by wire technology is a critical component of autonomous vehicles, creating new opportunities for the market.

Drive by Wire Market Segmentation

• By Sensors Type

  • Electric vehicle

  • Off-highway vehicles

  • Passenger car

  • Commercial vehicle

• By Applications

  • Brake By Wire

  • Park By Wire

  • Steer By Wire

  • Throttle By Wire

  • Shift By Wire

• By Region

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

• Key Players

  • Hitachi Automotive Systems, Ltd.

  • Curtiss-Wright Corporation

  • Ficosa Corporation (Panasonic Corporation)

  • Continental AG.

  • Robert Bosch GmbH

  • ZF Friedrichshafen

  • Nissan Motor Corporation

  • DENSO Corporation

  • NEXTEER AUTOMOTIVE GROUP LIMITED