The Global Drive by Wire Market is estimated to be USD 26.49 Bn in 2023 and is expected to reach USD 37.3 Bn by 2028, growing at a CAGR of 7.08%.By replacing conventional throttle systems, drive-by-wire systems can significantly reduce the number of moving parts in a vehicle
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The Global Drive by Wire Market is segmented based on Component, Sensor Type, Highway Vehicle, Application, and Geography.- By Component, the market is classified into Actuator, Electronic Control Unit (ECU), Engine Control Module (ECM), Electronic Throttle Control Module (ETCM), Electronic Transmission Control Unit (ETCU), Feedback Motor, and Parking Paw.
- By Sensor Type, the market is classified into Brake Pedal Sensor, Handwheel Angle Sensor, Gear Shift Position Sensor, Pinion Angle Sensor, Park Sensor, Throttle Pedal Sensor, and Throttle Position Sensor.
- By Highway Vehicle, the market is classified into On-Highway Vehicle and Off-Highway Vehicle.
- By Application, the market is classified into Brake-By-Wire, Park-By-Wire, Shift-By-Wire, Steer-By-Wire, and Throttle-By-Wire
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Continental Ag, CTS Corp., Curtiss-Wright Corp., Dataspeed Inc., Aptiv., etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Drive by Wire Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the Global Drive by Wire Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Drive by Wire Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Production and Adoption Of Autonomous Vehicles
4.1.2 Rising Electrification of Vehicles
4.1.3 Decreased Tail-Pipe Emission
4.1.4 Easy Integration and Independence of Design
4.1.5 High Operational Accuracy and Reduced Mechanical Losses
4.2 Restraints
4.2.1 High Cost and Limited Public Acceptance
4.2.2 Possibility of Data Hacking
4.3 Opportunities
4.3.1 Advancements in Autonomous Vehicles
4.3.2 Developments in Drive by Wire Components
4.4 Challenges
4.4.1 Compatibility Issues With 12V Architecture
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Drive by Wire Market, By Component
6.1 Introduction
6.2 Actuator
6.3 Electronic Control Unit (ECU)
6.4 Engine Control Module (ECM)
6.5 Electronic Throttle Control Module (ETCM)
6.6 Electronic Transmission Control Unit (ETCU)
6.7 Feedback Motor
6.8 Parking Pawl
7 strong>Global Drive by Wire Market, By Sensor Type
7.1 Introduction
7.2 Brake Pedal Sensor
7.3 Handwheel Angle Sensor
7.4 Gear Shift Position Sensor
7.5 Pinion Angle Sensor
7.6 Park Sensor
7.7 Throttle Pedal Sensor
7.8 Throttle Position Sensor
8 Global Drive by Wire Market, By Highway Vehicle
8.1 Introduction
8.2 On-Highway Vehicle
8.3 Passenger Car
8.4 Light Commercial Vehicle (ICV)
8.5 Truck
8.6 Bus
8.7 Off-Highway Vehicle
8.8 Agriculture Tractors
8.9 Construction & Mining Equipment
8.10 Forklift
9 Global Drive by Wire Market, By Application
9.1 Introduction
9.2 Brake-By-Wire
9.3 Park-By-Wire
9.4 Shift-By-Wire
9.5 Steer-By-Wire
9.6 Throttle-By-Wire
10 Americas ‘Global Drive by Wire Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe's Global Drive by Wire Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa's Global Drive by Wire Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC's Global Drive by Wire Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 Acclima, Inc.
15.2 Aptiv
15.3 Continental Ag
15.4 CTS Corp.
15.5 Curtiss-Wright Corp.
15.6 Dataspeed Inc.
15.7 DENSO Corp.
15.8 Ficosa International SA
15.9 Hitachi, Ltd.
15.10 Infineon Technologies Ag
15.11 ME MOBIL ELEKTRONIK GmbH
15.12 Nexteer Automotive India, Pvt. Ltd.
15.13 Nissan Motor Co., Ltd.
15.14 Panasonic Holdings Corp.
15.15 PARAVAN GmbH
15.16 Robert Bosch GmbH
15.17 SKF AB
15.18 Thyssenkrupp Ag
15.19 ZF Friedrichshafen Ag
16 Appendix
16.1 Questionnaire
Companies Mentioned
- Acclima, Inc.
- Aptiv
- Continental Ag
- CTS Corp.
- Curtiss-Wright Corp.
- Dataspeed Inc.
- DENSO Corp.
- Ficosa Internacional SA
- Hitachi, Ltd.
- Infineon Technologies Ag
- ME MOBIL ELEKTRONIK GmbH
- Nexteer Automotive India, Pvt. Ltd.
- Nissan Motor Co., Ltd.
- Panasonic Holdings Corp.
- PARAVAN GmbH
- Robert Bosch GmbH
- SKF AB
- Thyssenkrupp Ag
- ZF Friedrichshafen Ag
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 174 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 26.49 Billion |
| Forecasted Market Value ( USD | $ 37.3 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
