Drive by Wire Market - Top Companies and Manufacturers

  • Report ID: 6389
  • Published Date: Sep 05, 2024
  • Report Format: PDF, PPT

Companies Dominating the Drive by Wire Landscape

    The drive by wire market is highly competitive, with a number of players competing for a decent market share. Some leading companies include Robert Bosch GmBH, ZF Friedrichshafen AG, Denso Corporation, and Nexteer Automotive. Companies are investing aggressively in R&D and strategic partnerships to be competent enough in the competitive landscape. The nature of the market is such that continuous technological advancements are observed, together with demands for improved vehicle safety and efficiency.

    One of the major developments in the market is the signing of the strategic cooperation agreement between ZF Friedrichshafen AG and NIO in October 2022 for developing Steer-by-Wire products along with other advanced automotive technologies. Such partnerships are likely to further drive innovation and widen the reach of the market. In fact, all major participants that provide such systems continuously develop and implement advanced drive by wire systems, with the market being highly dynamic and competitive.

     

    Here are some leading players in the drive by wire market:

    • TORC Robotics Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Mobil Elektronik GmbH
    • Danaher Motion
    • SKF Group
    • Audi
    • RLP Engineering
    • Peugeotm
    • Nissan
    • Robert Bosch GmbH
    • TRW

Browse Key Market Insights with Data Illustration:

In the News

  • In June 2024, Cummins launched Accelera by Cummins, an initiative focused on advancing electrification and drive-by-wire technologies, aimed at enhancing vehicle performance and sustainability through innovative electric components.
  • In June 2024, Schneider Electric introduced its SMART Buildings Division in Canada, which aims to drive sustainable building innovation, potentially integrating drive-by-wire technologies for improved building management systems.
  • In March 2024, BYD announced plans to launch its own smart driving advanced driver-assistance systems (ADAS) technology, which will incorporate drive-by-wire capabilities to improve vehicle automation and safety features.

Author Credits:  Saima Khursheed


  • Report ID: 6389
  • Published Date: Sep 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The drive by wire market size was USD 25.5 billion in 2024.

The global drive by wire market size was US 25.5 billion in 2024 and is likely to reach USD 69.3 billion by the end of 2037, expanding at a CAGR of 8.0% over the forecast period, i.e., 2025-2037.

TORC Robotics Inc., Mobil Elektronik GmbH, Danaher Motion, Robert Bosch GmbH, SKF Group, Audi, RLP Engineering, Peugeotm, Nissan, TRW are some key players in the market.

The shift by wire segment is expected to hold a leading share during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 48.5% in 2025.
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