Drive by Wire Market – Analysis and Forecast (2021-2027)

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Global Drive by Wire Market
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Global Drive by Wire Market
The global drive by wire market is projected to
grow at 6.1 CAGR during 2021-2027 owing to the
rising number of regulations by the government to
control vehicle emissions, rising demand for
passenger comfort, and increasing fuel-efficiency
of the vehicle by reducing the weight will propel
the growth of the drive by wire market. The
expansion of the drive by wire market will be
accelerated by the increased deployment of
autonomous vehicles and the development of
connected infrastructure. The COVID-19 outbreak
has had an adverse impact on a drive by wire
market owing to lockdown in various countries
that has led to a massive reduction in the
manufacturing of automobiles, resulting in a drop
in the sales of drive by wire controls in the
vehicles.
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Global Drive by Wire Market
Based on component, the actuator contributes to
the largest share in the drive by wire market.
One or more actuators are used in every drive by
wire application. As electric actuators may be
controlled precisely with the brake system ECU,
electrically actuated brakes are compatible with
technologies like an anti-lock braking system
(ABS) and stability control. Asia-Pacific is
expected to be the fastest-growing region in the
drive by wire market owing to cost advantages for
OEMs as the labor and raw material in the region
is cheap, shift in consumer preferences towards
improved safety and fuel-efficient vehicles,
stringent emission norms, and increasing
disposable income of the middle-class population.
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Global Drive by Wire Market
In November 2021, Continental, a technology
company, has further enhanced its MK C1
electro-hydraulic brake system, which was the
first of its kind. While the MK C2 has higher
availability and performance, it is also smaller
and lighter, making it easier to integrate into
smaller car models and full vehicle platforms
with a variety of engine designs and installation
locations. The MK C2 is a "brake-by-wire" system,
like the MK C1, where the brake pedal is
separated from the actual pressure
generation. The prominent players in the drive
by wire industry include Continental AG, Infineon
Technologies AG, Hitachi, Ltd., Robert Bosch
GmbH, Ficosa Internacional SAA, KONGSBERG, ZF
Friedrichshafen AG, DENSO CORPORATION, NEXTEER
AUTOMOTIVE GROUP LIMITED, and Curtiss-Wright
Corporation.
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