Oct 15, 2018 SOURCE: BusinessWire

$34.6 Billion Drive By Wire Market by Application, Sensor, Vehicle, Component & Region - Global Forecast to 2025 - ResearchAndMarkets.com

The "Drive By Wire Market by Application (Brake, Park, Shift, Steer, Throttle), Sensor (Brake Pedal, Throttle Position & Pedal, Park, Gearshift, Handwheel, etc.), Vehicle (On-Highway, OHV, BEV/HEV/PHEV, etc.), Component & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The drive by wire market is projected to grow at a CAGR of 8.86% from 2018 to 2025. From a market size of USD 19.12 billion in 2018, it is projected to reach USD 34.63 billion by 2025.

The drive by wire market is primarily driven by the increasing number of mandates from governments to control vehicle emissions and the demand for passenger safety and comfort.

However, the major factor restraining the growth of the drive by wire market is the high incremental cost, risk of failure in electronics, and lack of public acceptance.

The brake-by-wire system works in combination with the anti-lock braking system, electronic brake assist, and electronic brake force distribution which increase the vehicle's stability and control. In addition to that, a brake-by-wire system replaces the conventional mechanical and hydraulic components, thereby reducing the space required for casing braking systems and control weight. Such associated benefits will drive the growth of this market during the forecast period.

The gear shift position sensor is a component of the shift-by-wire system and automatic transmissions. The gear shift position sensor detects the position of the gear, such as first or second, and sends the data as an electric signal to the ECU. The highest market share of the shift-by-wire system makes the market for gear shift position sensor the highest owing to its standard usage in the system. Hence, with the increasing demand for shift-by-wire, the market for gear shift position sensor is expected to increase.

The major players in the drive by wire market are Bosch (Germany), Continental (Germany), ZF (Germany), Infineon (Germany), Nexteer (US), CTS (US), Ficosa (Spain), Kongsberg (Switzerland), Hitachi Automotive (Japan), and Curtiss-Wright (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Technology Overview

7 Drive By Wire Market, By Application

8 Drive By Wire Market, By Sensor Type

9 Drive By Wire Market, By Component

10 Drive By Wire Market, By On-Highway Vehicle

11 Drive By Wire Market, By Electric & Hybrid Vehicle Type