Drive By Wire Market

Bosch (Germany), Continental (Germany), ZF (Germany), Infineon (Germany) and Nexteer (US) are leading players in Drive By Wire Market

The global drive by wire market is projected to grow at a CAGR of 8.86% during the forecast period, from an estimated USD 19.12 billion in 2018 to reach USD 34.63 billion by 2025. Major factors responsible for driving the demand for drive by wire systems are increasing stringency in emission regulation to upsurge the fuel economy, increased vehicle production, and growing demand for premium and luxury vehicles for safety, performance, and comfort.

The drive by wire system manufacturers have adopted new product developments, geographical expansion, partnerships, and supply contracts as the most preferred strategies to gain traction in the market. For instance, in July 2018, Bosch and electric vehicle company NIO signed a strategic cooperation agreement focused on sensor technology, automated driving, electric motor controls, and intelligent transport systems. Also, Nexteer and Continental announced that they had reached an agreement to form a joint venture focused on the advancement of motion control systems and actuator components for automated driving.

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On the basis of revenue generation, geographic footprint, and organic and inorganic strategies, the top 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). These companies collectively account for a major share of the drive by wire market.

Kongsberg adopted the strategy of supply contracts to retain its position in the drive by wire market. In May 2016, Kongsberg received a global nomination from a major European premium car maker for the supply of shift-by-wire systems. The shifters will be used in the D and E segment premium cars sold in Europe, North America, and Asia. The production began in the second half of 2018 and will run for 7 years with a peak volume in 2022. The lifetime contract value is USD 74.45 million. Furthermore, Kongsberg driveline business received a nomination from a Japanese OEM for the supply of shift-by-wire systems for B segment cars to be sold in Asia. The contract has an estimated total value of USD 13.75 million over 6 years. The production began at the end of 2017 from Kongsberg’s facility in Gurgaon, India.

On the other hand, Nexteer adopted new product development and expansion as major strategies. In September 2017, Nexteer’s electric power steering (EPS) and advanced steer-by-wire (SbW) system were showcased at the IAA International Motor Show in Frankfurt, Germany. Nexteer's SbW system opens new possibilities for advanced safety functions such as collision avoidance and stability control. Additionally, in April 2018, Nexteer announced that the company expanded its strategic software investment and global software team by announcing an intention to open a software center in India. Nexteer’s software plays a safety-critical role, including cyber security in its products such as SbW and EPS that are key gateway technologies for advanced safety functions and automated driving.

Related Reports:

Drive By Wire Market by Application (Brake, Park, Shift, Steer, Throttle), Sensor (Brake Pedal, Throttle Position & Pedal, Park, Gearshift, Handwheel, Pinion), Vehicle (On-Highway, OHV, BEV/HEV/PHEV, Autonomous), Component & Region - Global Forecast to 2025

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Report Code
AT 6667
RI Published ON
10/9/2018
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