Drive-By-Wire Market (Application - Electronic Throttle Control, Brake-By-Wire, Steer-By-Wire and Shift-By-Wire; Vehicle Type - Passenger Vehicles and Commercial Vehicles) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
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Global Drive-by-wire Market: Snapshot
To bolster their positions, keen automotive component manufactures are focusing hard on developing technologically superior drive-by-wire technology systems. German multinational, Robert Bosch GmbH, for example, has launched an e-axle drive system that combines transmission, electric motors, and power electronics in one unit to implement drive-by-wire technology. SKF Group, again, has developed electromechanical actuators which are an integral part of drive-by-wire systems. Similarly, ZF Group has developed a clutch-by-wire system for passenger vehicles.
Besides product development, main players in the global drive-by-wire market are also charging ahead through strategic acquisitions, partnerships, and divestments.
Majorly fuelling the market is the increasing number of legislations and mandates by governments, especially in developed nations of Europe and the U.S., seeking to control polluting vehicular emissions. Drive-by-wire technology helps in achieving just that by increasing fuel efficiency by reducing the weight of the vehicle. Rising demand of off-road vehicles is also serving to catalyze demand for drive-by-wire systems. Drive-by-wire or x-by-wire application is increasing in forklifts, harvesters, tractors, construction and mining equipment, industrial electric vehicles, mowers, utility vehicles, and other off-road vehicles.
A report by Transparency Market Research forecasts the global drive-by-wire market to become worth US$59.5 bn vis-à-vis revenue by 2025 from US$18.22 bn in 2016 by clocking a robust 15.0% CAGR during the period between 2017 and 2025.
Shift-by-wire Loses Market Share to Electronic Throttle Control System on account of Crashes Caused by it
The global drive-by-wire market can be segmented depending upon applications into brake-by-wire, electronic throttle control, steer-by-wire, and shift-by-wire. Of them, electronic throttle control segment, which is the oldest form of drive-by-wire technology, is predicted to be the most lucrative segment.
The electronic throttle control segment is predicted to be trailed by shift-by-wire, brake-by-wire, and steer-by-wire technologies market. The shift-by-wire enjoys lesser market share than electronic control system on account of the fact that it caused 121 crashes and 41 injuries which led to vehicle recall in the U.S.
Surging Popularity of Electric Vehicles Makes North America Clock Maximum Growth
From a geographical standpoint, the global drive-by-wire market is led by Asia Pacific, which at present has maximum share in the market. The growth in the region is primarily being led by Japan, China, Australia, South Korea, and India. Expanding at a CAGR of 15.8% from 2017 to 2025, the region is slated to grow its market share to 42.6% by 2025.
Europe follows Asia Pacific, in terms of market share, in the global drive-by-wire market. Germany, Spain, the U.K, Sweden, Italy, Belgium, France, and Netherlands are said to be powering the growth in the region. Among them, Germany is a leading market on account of having a large automotive market. By rising at 13.5% CAGR, the region is predicted to grow its share to 26.7% by 2025.
Vis-à-vis growth rate, on the other hand, the North America market is slated to overtake all others on the back of the U.S. and Canada, both of which are seeing significant sales in electric vehicles. The region, which currently comes in third, in terms of market share, will likely register a CAGR of 16.0% between 2017 and 2025.
Some of the key players in the global drive-by-wire market are Robert Bosch GmbH, SKF Group, Delphi Automotive PLC, Mobil Elektronik GmbH, Denso Corporation, Hitachi Automotive Systems, Ltd., ZF Friedrichshafen AG, Continental Group, Curtiss-Wright Corporation, and Infineon Group.
Initiatives for Technological Advancements favors Growth of Drive-by-wire Market
Initiatives undertaken by automotive component manufacturers to develop avant-garde drive-by-wire technology systems is expanding growth horizon of the drive-by-wire market. For example, German automotive major, Robert Bosch GmbH has launched an e-axle drive system that combines electric motors, transmission, and power electronics in one unit to consolidate drive-by-wire technology. Another example is SKF Group – the company has developed electromechanical actuators which are key components of drive-by-wire systems.
Besides technological advancements, keen players in the drive-by-wire market are striving for business alliances, strategic acquisitions, partnerships, and divestments for higher share in the revenue pie. Delphi Automotive plc, ZF Friedrichshafen AG, Denso Corporation, Curtiss-Wright Corporation, Mobil Elektronic GmbH, Continental Group, and Infineon Group are some key players in the drive-by-wire market.
Key factor fuelling growth in the drive-by-wire market is increasing number of mandates in place, especially in developed nations of North America and Europe, to control vehicular pollution. Drive-by-wire technology helps to attain fuel efficiency by reducing the weight of the vehicle.
Besides this, rising demand for off-road vehicles is also stimulating demand for drive-by-wire systems. Some key off-road vehicles in which drive-by-wire systems is used are forklifts, tractors, industrial electric vehicles, construction and mining equipment, and utility vehicles among others.
Among key technology segments, electronic throttle control is predicted to account for leading share in the drive-by-wire system market. The electronic throttle control segment gains from its long-established presence among other technology segments.
Asia Pacific currently enjoys leading share among other key region in the drive-by-wire market. Japan, Australia, China, India, and South Korea primarily drive growth in the drive-by-wire market of the region. Europe trails Asia Pacific in the drive-by-wire market mainly because of the presence of large well-established automakers in the region.
However, North America is predicted to surge ahead in the drive-by-wire market driven by increasing sales of electric vehicles in the U.S. and Canada.
Global Drive-by-wire Market: Overview
Drive-by-wire or x-by-wire is an automotive technology that replaces conventional mechanical systems such as throttle control, braking, steering and gear shifting my electronic systems. Generally cables, hydraulic pressure, or other mechanical components are replaced by sensors, electronic control unit, electric motors and actuators, etc. Rising share of electronics or semiconductor value in the total cost of vehicle is increasing the adoption of drive-by-wire technologies. The semiconductor content by value is more in plug-in electric vehicles and pure electric vehicles than conventional vehicles. Increasing in production and sale of electric vehicles and conventional vehicles is increasing the adoption of drive-by-wire or x-by-wire technology.
Rising demand of off-road vehicles is increasing the application of drive-by-wire systems. Drive-by-wire or x-by-wire application is increasing in forklifts, harvesters, tractors, construction and mining equipment, industrial electric vehicles, mowers, utility vehicles, and other off-road vehicles Brake-by-wire and steer-by-wire technologies are commonly used for parking in these types of vehicles.
In off-road vehicles an electronic actuator automatically moves the parking brake when the engine is turned off or while in neutral mode. This helps to hold the position of off-road vehicle in hilly areas. The parking brake is only released when the off-road vehicle starts moving. The electronic parking brake is connected to the vehicle braking system by a cable.A steer-by-wire system has an integrated electronic control unit, embedded software and control area network (CAN) bus interface which replaces the traditional steering column and does not need maintenance service during its lifetime. Two non-contact position sensors are placed in steering wheels which send data to the electronic control unit. Steer-by-wire system also consists of electronic encoders which contain sensors to track steering wheel movement.
Global Drive-by-wire Market: Segmentation
By application the drive-by-wire or x-by-wire market is classified into electronic throttle control, brake-by-wire, steer-by-wire and shift-by-wire. By vehicle type the market is segmented into passenger vehicles and commercial vehicles. An opportunity for drive-by-wire market is the rising sale of plug-in electric vehicles including electric vehicles and plug-in hybrid electric vehicles across the world. In global sale of plug-in electric vehicles more than ninety percent plug-in electric vehicles are sold in China, Europe, the U.S., Japan and Canada respectively. The Y-o-Y growth in plug-in electric vehicle sales is highest is China, followed by the U.S, Europe and Japan. Pure electric vehicle share is more than three-fourth of the total electric vehicles sold in China in 2016. The share of pure electric vehicles of the total electric vehicles sold in the U.S is more than 50%.
Plug-in electric vehicles have more semiconductor content by value than conventional vehicles which is anticipated to increase adoption of drive-by-wire or x-by-wire systems across the world including China, Europe, the U.S, Japan and Canada. In 2015, semiconductor content per car was highest in Japan followed by North America, Europe, South Korea and China. As per Infineon Group in 2020 semiconductor content per car will remain highest in Japan followed by North America, Europe, South Korea and China. As per Infineon Group, between 2015 and 2020, China will have the highest compound annual growth rate (CAGR) in semiconductor value per car. This is anticipated to increase the adoption of drive-by-wire systems in major automotive markets across the world. The market size for drive-by-wire is provided in terms of revenue. Revenue are mentioned in US$ million. Compound annual growth rate (CAGR) is forecasted for the period of 2017 till 2025.
Global Drive-by-wire Market: Competitive Analysis
The report highlights the various competitive strategies adopted by key players to gain market share. Company profiles include company details, market presence by segment and geography, strategic overview, SWOT analysis and historical revenue. The report includes profiles of major drive-by-wire technology suppliers including Robert Bosch GmbH, Delphi Automotive PLC, SKF Group, Mobil Elektronik GmbH, Hitachi Automotive Systems, Ltd., Continental Group, Denso Corporation, ZF Friedrichshafen AG, Curtiss-Wright Corporation and Infineon Group among others.
Drive-by-wire market has been segmented as follows:
by Vehicle Type