Global Drive by Wire Industry to reach USD 36.3 million by 2026. Global Drive by Wire Industry is valued approximately USD 20.4 million in 2019 and is anticipated to grow with a healthy growth rate of more than 8.6% over the forecast period 2020-2026. Increasing technological advancement and research and development in automotive sector leads to integration of computers and electronics into modern cars for advanced design and driver safety. According to European union commission report in 2018 European Union has 29.7% of its R&D in automotive additionally Japan has invested 30% in automotive. Increasing research and development in automotive sector for advancing driver safety and technological innovation in vehicle for reducing vehicle weight is expected to promote the Industry growth.
On the basis of segmentation, the Drive by Wire Industry is segmented into Application, Sensor Type, Component, On-Highway Vehicle, Electric & Hybrid Vehicle Type, Off-Highway Vehicle Type and Autonomous Vehicle segments. Application segment is sub-segmented into Brake-By-Wire, Park-By-Wire, Shift-By-Wire, Steer-By-Wire and Throttle-By-Wire, Sensor Type segment includes Brake Pedal Sensor, Hand Wheel Angle Sensor, Gear Shift Position Sensor, Pinion Angle Sensor, Park Sensor, Throttle Pedal Sensor and Throttle Position Sensor, Component is divided into Actuator, Electronic Control Unit (Ecu), Engine Control Module (Ecm), Electronic Throttle Control Module (Etcm), Electronic Transmission Control Unit (Etcu) , Feedback Motor and Parking Pawl, On-Highway Vehicle segment is further divided into Passenger Car, Light Commercial Vehicle (Lcv), Truck and Bus, Electric & Hybrid Vehicle Type segment categorized into Battery Electric Vehicle (Bev), Hybrid Electric Vehicle (Hev) and Plug-In Hybrid Electric Vehicle (Phev), Off-Highway Vehicle Type divided into Agriculture Tractors, Construction & Mining Equipment and Forklift and Autonomous Vehicle segment includes Brake By Wire, Park-By-Wire, Shift-By-Wire, Steer-By-Wire, Throttle-By-Wire and Autonomous Vehicle.
The regional analysis of Global Drive by Wire Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading Industry region for On-highway vehicles by drive by wire Industry in terms of Industry revenue share over the forecast period 2020-2026. Moreover, additional factors such as rising government initiatives and support for less emission and lower vehicle weight, rising initiative regarding standardize emission norms and increasing adoption of electric vehicle is expected to fuel the Industry growth in Asia Pacific.
The objective of the research study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming six years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the research study. However, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industry for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Drive by Wire Market Segmentation:
By Sensor Type:
Brake Pedal Sensor
Hand Wheel Angle Sensor
Gear Shift Position Sensor
Pinion Angle Sensor
Throttle Pedal Sensor
Throttle Position Sensor
Electronic Control Unit (Ecu)
Engine Control Module (Ecm)
Electronic Throttle Control Module (Etcm)
Electronic Transmission Control Unit (Etcu)
By On-Highway Vehicle:
Light Commercial Vehicle (Lcv)
By Electric & Hybrid Vehicle Type:
Battery Electric Vehicle (Bev)
Hybrid Electric Vehicle (Hev)
Plug-In Hybrid Electric Vehicle (Phev)
By Off-Highway Vehicle Type:
Construction & Mining Equipment
By Autonomous Vehicle:
Brake By Wire
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa