19 March 2021
Visiongain has published a new report on Drive by Wire (DbW) Market Report to 2031: Forecasts By Application (Steer-By-Wire, Shift-By-Wire, Throttle-By-Wire, Park-By-Wire, Brake-By-Wire), By Component (Engine Control Module, Actuator, Electronic Control Unit, Parking Pawl, Feedback Motor, Electronic Transmission Control Unit, Electronic Throttle Control Module), By Sensor (Throttle Position Sensor, Pinion Angle Sensor, Throttle Pedal Sensor, Hand Wheel Angle Sensor, Park Sensor, Gear Shift Position Sensor & Brake Pedal Sensor), Off-Highway Vehicle (Agriculture Tractor, Construction And Mining Equipment, Forklifts), By On-Highway Vehicle (Light Commercial Vehicle, Passenger Cars, Trucks & Busses), By Autonomous Vehicle (Steer-By-Wire, Shift-By-Wire, Throttle-By-Wire, Park-By-Wire, Brake-By-Wire), By Electric And Hybrid Vehicle (HEV, BEV & PHEV) And By Region PLUS Profiles Of Leading Drive By Wire Manufacturing Companies And Regional And Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Drive By Wire Market Was Valued At US$ Xx Billion In 2019 And Is Projected To Reach At A Market Value Of US$ Xx Billion By 2031. Nowadays, consumers are inclined towards latest/advanced technology to enhance the driving dynamics of the vehicle, reduced the emission level and fuel efficiency.
Covid-19 impact on drive by wire market
As covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a halt too by causing vehicle production and supply disruptions. Analysis shows that the car sales has fell during the forecast period but expected to grow gradually by first quarter of 2021.
Developing advanced application for drive by wire technology to reduce the weight of the vehicle therefore rising demand in the market. Another one is, increasing the demand of luxury vehicle to fulfil the demand of the consumers for drive by wire.
The introduction of new technology and autonomous vehicle has transformed to ease the commute. Drive by wire technology in the market has reduced the complexity of driving having features, high maintenance cost and weight of the vehicle. It has been observed that pneumatic components or hydraulic or mechanical components are prone to wear-and-tear, raising the maintenance cost. Therefore, advancement in the autonomous technology will create more opportunity for drive by wire and grow double annually by 2021.
The global drive by wire market is dominated by big players such as robert bosch, continental, zf friedrichshafen, infineon, nexteer, cts, ficosa, kongsberg, hitachi automotive, and curtiss-wright. These companies have secure their position in the market to offer wide range of advanced assistance systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, contract agreement and collaborations. The constant partnership with key players will profit in cost effective product manufacturing. To contribute in environment safety, robert bosch has introduced ‘new dimensional sustainability’ program. This program will focus on six sustainable strategies that is health, urbanization, globalization, climate, water and energy. Robert bosch believes in keeping balance between environment and ecological factors.
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