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Drive By Wire Market - Global Forecast to 2025

05-12-2022 04:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: marketsandmarkets

The Drive-By-Wire Market is projected to reach $31.9 billion by 2025 from an estimated $24.0 billion in 2020 at a CAGR of 5.9% during the forecast period.

Opportunities: Increase in demand for autonomous cars

Connected cars have a variety of sensors that sense the environment around the vehicle and exchange the signals with entities outside the vehicle by interacting through a cellular network. Behind the whole process of communication with external entities, a huge amount of data is generated that is useful to implement machine learning algorithms in the computer system of the vehicle. This is how OEMs and automotive Tier I suppliers, along with non-automotive players, are going to make autonomous vehicles possible. Hence, connected cars are just an initial stage for the beginning of an era of autonomous vehicles. Major automobile manufacturers have already announced their expected year-2020-by which they are going to release their autonomous vehicles.

Some of the key manufacturers and suppliers of the drive by wire market are Bosch (Germany), Continental (Germany), ZF (Germany), Infineon (Germany), Nexteer (US), CTS (US), Ficosa (Spain), Kongsberg (Switzerland), Hitachi Automotive (Japan), and Curtiss-Wright (US).

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The North American region is expected to lead the drive by wire market during the forecast period

North America is expected to lead the drive by wire market during the forecast period. This is mainly due to the US as most of the vehicles produced are equipped with a drive-by-wire. The changing consumer preference toward SUVs and pickup trucks with advanced technologies is expected to drive significant growth of drive by wire in the future. Also, regulations concerning emissions would influence manufacturers to shift focus toward weight reduction in heavy vehicles, such as LCVs, using drive by wire systems. Hence, the market for drive by wire is anticipated to witness significant growth in the US market. The implementation of free trade agreements between the US, Canada and Mexico is expected to further drive imports of automobiles, thus driving the North America drive by wire market. For instance, the US renegotiated the North American Free Trade Agreement, replacing it with an updated and rebalanced agreement that works much better for North America, the United States-Mexico-Canada Agreement (USMCA), which entered into force on July 1, 2020. Thus, considering the above-mentioned factors, the North American drive by wire market is expected to grow significantly.

Shift-by-wire is estimated to be the fastest-growing application in the drive-by-wire market

Shift-by-wire is a widely used technology among advanced automotive shifters. Shift-by-wire finds higher installation in light-duty vehicles. A lot of light-duty economic vehicles that run on automated manual transmission use this technology as a gear actuation system. This system helps improve the operation of the start-stop and regenerative braking systems. This, in turn, helps save energy and makes the vehicle more efficient. The installation of the shift-by-wire system also helps reduce the space and weight compared to the conventional transmission systems, resulting in considerable weight reduction. This system also diminishes the intensity of engine noise and provides high operational accuracy. Thus, the adoption of this technology will show tremendous growth in all vehicle types in the coming years.

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The actuator is estimated to be the largest market during the forecast period

Every drive by wire application uses one or more actuators. For instance, a brake-by-wire application has usage of four actuators dedicated to each wheel. Electrically actuated brakes are compatible with technologies such as anti-lock braking system (ABS) and stability control because electric actuators can be controlled accurately with the brake system ECU. In throttle-by-wire, the pedal connecting the gas pedal and the throttle valve is replaced by an electronic system consisting of a series of sensors and actuators. Various types of actuators, such as steering actuators, feedback actuators, pinion actuators, motor controlling throttle valve position actuators, and Servomotor/pump actuators, are used in drive-by-wire applications. The increasing number of vehicles with drive by wire applications is expected to drive the market for actuators globally.

Recent Developments:

1. In June 2021, Leading automotive and industrial supplier Schaeffler is set to introduce the steer-by-wire technology Space Drive to the starting grid. The technology will be integrated into three DTM cars including the Audi R8 LMS GT3 driven by Schaeffler brand ambassador Sophia Flörsch, Mercedes-AMG driven by Gary Paffett, as well as, the BMW M6 GT3 which is to be driven by Timo Glock.
2. In May 2021, ThyssenKrupp steers an innovative path in development. The first production models relying exclusively on steer-by-wire are expected from 2023. Initially, they will probably not be produced by traditional OEMs but by start-ups and other newcomers to the automotive industry. According to conservative estimates, there will be around one million steer-by-wire vehicles on the roads worldwide by 2030.
3. In March 2021, Israeli EV startup REE Automotive, just unveiled its new approach to drive components and platforms. Named REEcorners, these proprietary systems fuse all of the vital parts of an EV together between the chassis and wheel. Combined with its modular EV platforms, REE Automotive sees its technology as a cornerstone for the future of electrified mobility.
4. In October 2019, Infineon Technologies AG became the world's first semiconductor manufacturer to put a Trusted Platform Module (TPM) specifically for automotive applications on the market. The new OPTIGA™ TPM 2.0 protects communication between the car manufacturer and the car, which increasingly turns into a computer on wheels. A number of car manufacturers already designed models based on Infineon's OPTIGA TPM. By using it, car manufacturers can incorporate sensitive security keys for assigning access rights, authentication, and data encryption in the car in a protected way. The TPM can also be updated so that the level of security can be kept up to date throughout the vehicle's service life.
5. In January 2020, Nexteer opened a state-of-the-art Technical Center in Suzhou Industrial Park, China. This latest addition to its global footprint further enables the company to globalize its engineering expertise, enhance local technical support, and capitalize on emerging market growth opportunities in the Asia Pacific.

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