Europe Poised to Lead the Global Drive-by-wire Market; Set to Capture a CAGR of 9% From 2019 To 2023

Market Research Future Published a Research Report on Global Drive-by-wire Market Research Report. The use of drive-by-wire technology in passenger cars also facilitates improvements in the fault diagnosis and monitoring, thereby reducing the cost of maintenance of the vehicle. The system comprises electromagnetic actuators, which helps modulate the amount of fuel to be supplied to the cylinder. The use of these systems also enhances the safety of the vehicle by providing computer-controlled systems, such as lane assist systems and electronic stability control.

The prominent players in the drive-by-wire market include Robert Bosch GmbH (Germany), Continental AG (Germany), Curtiss Wright Corp. (U.S.), TRW Automotive (U.S.), Nissan Motor Corporation (Japan), and P.S.A Citroen (France), and SKF Group (Sweden). Mobil Elektronik GmbH (Germany), Hitachi Automotive Systems, Ltd. (Japan), Continental Group (Germany), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), Curtiss-Wright Corporation (U.S.), and Infineon Group (Germany) are among others.  

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Growing demand for environment-friendly vehicles and increasing regulatory measures for curbing environmental emissions has resulted in heightening the demand for drive-by-wire technology. Increased adoption in high-end cars, investment by manufacturers in the R&D of the technology, growth in demand for off-road vehicles further propel the growth of the market. Various application of drive-by-wire in industrial electric vehicles, harvesters, mowers, utility vehicles, tractors, construction and mining equipment, forklifts, mowers, utility vehicles, and other off-road vehicles also aids in market expansion. Restraining factors include complexity and higher price than mechanical controls. Moreover, the drive-by-wire technology uses software that might malfunction and fail regardless of several safety measures; safety concerns are likely to hamper the market growth. The drive-by-wire system is complex and has a low adoption rate among consumers.

The global drive-by-wire market has been segmented based on application and vehicle type. By application, the market has been segmented into throttle by wire, shift-by-wire, steer-by-wire, brake-by-wire, and others. By vehicle type, the market has been segmented into passenger cars and commercial vehicles. Amongst the application segment, the steer-by-wire sub-segment is expected to exhibit the highest CAGR over the forecast period. For instance, Nissan Infiniti uses the steer-by-wire technology in its vehicles. It is the first mass-produced road vehicles to use such an electronic control system. Nissan has provided a backup clutch system which might be used in the event of a problem, but the company is hopeful that eventually the backup system would not be required and the steer-by-wheel technology will facilitate operation from the back seat or even with the help of a joystick. Among the vehicle type segment, the commercial vehicle sub-segment is expected to witness significant growth over the forecast period.

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