The Drive by Wire Market, by value, was estimated to be $24.0 billion in 2020 and is projected to reach $31.9 billion by 2025, at a CAGR of 5.9%.

The growth of the drive by wire market can be attributed to achieving better fuel economy by vehicle weight reduction. Also, owing to the rising demand for premium and luxury vehicles, the demand for advanced technologies is increasing, which, in turn, is driving the growth of the drive by wire market.

The decreased emission limits and increased fuel efficiency requirements have fueled the demand for lightweight vehicles and increased the focus on electric & hybrid vehicles, which, in turn, is expected to have a significant impact on the global drive by wire market. The installation of drive by wire systems will increase the effective range of EVs as they are lightweight. PHEVs are premium vehicles equipped with the most high-end features available and are high on cost. PHEVs find the highest usage of this application than BEVs. For instance, the brake-by-wire technology would offer better regenerative braking of the vehicle’s battery than a conventional hydraulic system as it is electronic. Using drive by wire technology would lead to weight reduction, better performance, fuel economy, and safety. Hence, the drive by wire system will see extensive usage in electric & vehicles.

Opportunities: Advancements in autonomous vehicles:

The global automotive industry has witnessed a transformation over the last decade with digital communication technologies. Connected, autonomous, and semi-autonomous vehicles are more like a future package of new automotive technologies. These breakthrough technologies are transforming the traditional structure of the automotive industry by bringing in a new business model and changing the nature of the automotive industry. These connected and autonomous vehicles are set to require a vast amount of electrical connections and terminals. Also, as per the upcoming industry trends, autonomous vehicles are expected to be based on the electric driveline. With fully autonomous vehicle functions, the drive by wire features such as steer-by-wire, throttle-by-wire, and brake-by-wire will be immensely used for vehicle functioning and safety measures.

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The shift-by-wire is projected to be a high-growth segment of the drive by wire market. The growing adoption of an automatic transmission is expected to significantly boost the shift-by-wire market. Also, various technical benefits like high operational accuracy, smooth gear changing, less noise and reduced mechanical losses are expected to drive automakers to adopt this application in their models. Passenger cars are expected to lead the shift-by-wire market in the forecast period. Additionally, the growing popularity of premium vehicles globally with enhanced fuel economy is expected to give a huge boost to the shift-by-wire market.

As the automotive industry is moving toward automation, there is an increasing trend of semi-autonomous and autonomous vehicles. Various automakers are increasingly investing in R&D of autonomous vehicles and expected to be launched by 2023. As autonomous vehicles have a high penetration of drive by wire applications, thus with their launches drive by wire is expected to grow rapidly. This creates a significant opportunity for the drive by wire manufacturers to invest and extend their business lines for the drive by wire segment in autonomous vehicles.

Thus, growing sales of electric vehicles due to the stringent emission limits, the drive is expected to grow in the forecast period. The growing adoption of an automatic transmission is expected to drive the adoption of shift-by-wire, especially in passenger cars. Additionally, growing advancements in autonomous cars are expected to hugely impact the drive by wire market.

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Recent Developments–

• In August, Ford Motor Company, Bedrock, and Bosch launched a demonstration project with connected Ford Escape test vehicles that can drive and park themselves inside Bedrock’s Assembly Garage in Detroit using Bosch smart infrastructure. This is the first US infrastructure-based solution for automated valet parking where the vehicle will park itself inside a parking garage. The research will take place in the Corktown neighbourhood, the site of Ford’s new mobility innovation district, anchored by Michigan Central Station.
• In October 2020, Vitesco Technologies developed a new transmission control unit, known as overmolding control electronics, which excels with around 45% less weight, greater robustness, and significantly fewer production stages. This results in clear cost advantages.
• In October 2020, ZF launched the next generation AKC active rear-axle steering system with targeted technical developments. A greater steering angle of up to 10 degrees increases the agility of long vehicles, and “Steer-by-wire” technology simplifies the integration into automated driving functions
• 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.
• 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.