Drive by Wire Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Drive by Wire Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Drive by Wire Market

The drive by wire market size was valued at USD 13.79 billion in 2022, and the market is now projected to grow from USD 14.57 billion in 2023 to USD 22.59 billion by 2030, exhibiting a CAGR of 6.5% during the forecast period of 2023-2030.

A broad categorization of many forms of communication such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) that enhances traffic flow and safety of the rider is studied to properly analyze the market of connected motorcycles. Using the available connection types, namely, cellular and dedicated short-range communication (DSRC), the market is segmented based on network reliability and durability. In addition, other applications such as Motorcycle Approach Indication (MAI), Intersection Movement Assistance (IMA), Forward Collision Warning (FCA), and Left Turning Assistance (LTA) consist of connectivity types such as Embedded, Integrated, and Tethered connectivity that enhance the riders with superior security and operation.

Autonomous vehicles offer some benefits as against traditional automobiles. Apart from enhancing the safety of individuals in a vehicle as a passenger, these self-driving cars reduce air pollution from vehicles. They currently have numerous differing types of sensors namely the drive-by-wire systems, GPS, cameras, and RADAR. These help decrease the likelihood of traffic mishaps by identifying barriers as the former approaches the automobile. The global governments as well as the regulatory bodies have set high emission standards for automobile manufacturers. The above rules require manufacturers to use lightweight structures instead of mechanical linkages, Materials such as; composite, lightweight metals, and electronics. Here, one can notice that fuel consumption is reduced due to the implementation of these light electronic parts. These parts are lighter, and therefore, demand less energy to be accelerated. The drive by wire market share is affected by all of these parameters.

With the advent of hybrid electric powered cars, a technological revolution has taken over the automotive enterprise. Factors that include environmental issues and tax incentives have pushed the demand for hybrid electric motors. The OEMs concerned have evolved strength control systems to optimize their operations.

Comprehensive Analysis of Drive by Wire Market

The adoption and effects of different systems, such as throttle-by-wire, brake-by-wire, shift-by-wire, and steer-by-wire, in improving vehicle performance and safety are examined in-depth in the drive-by-wire market report. In order to enhance efficiency and the driving experience, it also assesses the market segmentation by vehicle type, emphasising the increasing integration of these technologies in both passenger cars and commercial vehicles.

Because customers' possibilities for automobiles with superior safety capabilities and reduced gas consumption are developing, Asia Pacific is anticipated to influence the market increase over the forecast period. In 2022, the market in this region was worth USD 7.74billion.

ZF Friedrichshafen AG (Germany),Nexteer (U.S.), Robert Bosch GmbH (Germany),,Danfoss (Denmark), Ficosa International S.A. (Spain),,The Curtiss-Wright Corporation (U.S.), Continental AG (Germany), Nissan Motor Co, Ltd (Japan), Kongsberg Automotive (Switzerland), and Hitachi, Ltd (Japan)are a few most important gamers on this industry. These groups of businesses who are leaders inside the area provide a stage playing discipline for all their competitors as they assure increase and set necessities for the arena.

Bosch joined hands with Arnold NextG in June 2023 in the commercial segment to develop steer-by-wire systems.

Segmentation Table

Global Drive by Wire Market Scope

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.5% from 2023 – 2030

Unit Value (USD Billion)

By Type

Throttle-By-Wire

Brake-By-Wire

Shift-By-Wire

Steer-By-Wire

By Vehicle Type

Passenger Cars

Commercial Vehicles

By Region North America (By Type and Vehicle Type)

- U.S. (By Vehicle Type)

- Canada (By Vehicle Type)

- Mexico (By Vehicle Type)

Europe (By Type and Vehicle Type)

- Germany (By Vehicle Type)

- France (By Vehicle Type)

- U.K. (By Vehicle Type)

- Rest of Europe (By Vehicle Type)

Asia Pacific (By Type and Vehicle Type)

- Japan (By Vehicle Type)

- China (By Vehicle Type)

- India (By Vehicle Type)

- South Korea (By Vehicle Type)

- Rest of APAC (By Vehicle Type)

Rest of the World (By Type and Vehicle Type)


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