Drive by wire systems are automotive systems that provide electronic transmission of signals from various vehicle controls such as brake pedals, steering wheels or accelerator pedals to respective actuators, replacing the conventional mechanical linkage. Drive by wire systems offer advantages such as improved vehicle performance, enhanced safety and ease of operation. Their usage has increased considerably with the rise in vehicle electrification.

Market key trends:

One of the major trends driving the growth of drive by wire market is increased electrification of vehicles. As vehicle systems are increasingly being integrated with advanced electronics and mechatronics, the need for electronic control of different vehicle functions has risen significantly. Further, usage of newer technologies such as electric power steering, shift-by-wire and brake-by-wire are prompting automobile manufacturers to adopt drive by wire systems. Integration of autonomous and semi-autonomous features has also augmented the demand for these systems. With ongoing development in autonomous vehicles, adoption of drive by wire is expected to rise remarkably over the forecast period.

Porter’s Analysis

Threat of new entrants: The high capital requirements and economies of scale in production pose significant barriers for new companies to enter the Global Drive By Wire Market Size.

Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of multiple manufacturers providing similar products. However, differentiated products providesome bargaining power to buyers.

Bargaining power of suppliers: The presence of many component suppliers limits the bargaining power of individual suppliers in the Drive by Wire Market.

Threat of new substitutes: There exists a low threat from substitutes given the unique functions provided by drive by wire technology in vehicles.

Competitive rivalry: Intense competitive rivalry exists among the established market players.

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