Drive by Wire Market Segmentation:
Component Segment Analysis
The electronic transmission control units segment in the drive by wire market is projected to gain about 37% share through 2035. Growing demand for proper and effective transmission systems in modern cars and vehicles shall propel market growth. The electronic transmission control unit is vital to provide improved performance and fuel economy in a vehicle. An indication of the rise in the usage of top-of-the-line control units from the industry is the first order received by ZF Friedrichshafen AG for steer-by-wire systems in July 2023. This milestone highlights the growing demand for advanced control technologies, especially in modern vehicles.
Solution Segment Analysis
Based on the solution, the shift by wire segment in the drive by wire market is likely to hold a 45% share during the forecast period. Growing penetration of automatic transmission in vehicles with requirements for smooth and efficient gear shifting is more likely to provide a thrust to this segment. Shift-by-wire technology avoids the presence of mechanical linkages, hence offering better integration with cutting-edge architecture for modern vehicles. A major highlight within the segment is the announcement by the CNXMotion-Nexteer Automotive and Continental Automotive joint venture in May 2022 to introduce new software features to its BtS technology, thus enhancing the overall functionality of the SbW systems.
Our in-depth analysis of the global market includes the following segments:
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