Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Asia Pacific Drive by Wire Market to reach USD 18.06 billion by 2032

Asia Pacific Drive by Wire Market Size study, by Application (Throttle by Wire, Shift by Wire, Brake by Wire, Park by Wire, Steer by Wire) by Vehicle Type (Passenger Car, Commercial Vehicle, Electric Vehicle, Off-highway Vehicles) by Component (Actuator, Electronic Control Unit (ECU), Engine Control Module (ECM), Electronic Throttle Control Module (ETCM), Electronic Transmission Control Unit (ETCU), Feedback Motor, Parking Pawl, Sensors, Others) and Country Forecasts 2022-2032

Product Code: ALTAE-55300779
Publish Date: 6-07-2024
Page: 200

Asia Pacific Drive by Wire Market is valued approximately USD 9.12 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.89% over the forecast period 2024-2032. Drive by wire (DBW) systems replace traditional mechanical control systems (like throttle cables) with electronic controls, enhancing vehicle performance, safety, and efficiency. This technology enables smoother acceleration, better fuel efficiency, and facilitates the integration of advanced driver assistance systems (ADAS) and autonomous driving features. Furthermore, Asia Pacific is one of the major automotive manufacturing and innovation region, is witnessing significant growth in the adoption of drive by wire technology, driven by the major players in this market include automotive manufacturers, electronic component suppliers, and technology firms specializing in automotive electronics. Trends such as rapid technological advancements, changing consumer preferences, increasing demand for vehicles with advanced features, growing emphasis on reducing emissions and increasing collaboration among industry stakeholders are expected to continue shaping the future of mobility in the region and provide opportunities for the Asia Pacific Drive by Wire Market and advanced solutions that enhance vehicle performance, safety, and connectivity.

The Asia Pacific Drive by Wire Market is experiencing a surge in demand propelled by a steadfast focus on fuel efficiency and emissions reduction. As governments across the region tighten emission regulations to combat pollution and address climate change concerns, automotive manufacturers are increasingly turning to advanced technologies such as DBW systems to meet stringent standards. DBW systems offer precise control over engine functions, optimizing throttle response, fuel injection, and other parameters to maximize fuel efficiency while minimizing emissions. Various companies across the region are using several initiatives to improve the efficiency of their vehicles, which further drive demand for the Asia Pacific Drive by Wire Market. For instance, in April 2024, BWI Group signed a contract with thyssenkrupp Steering for the manufacture and development of Electro-Mechanical Brake (EMB) technology. The partnership provides further advance Level 3 and above autonomous driving brake proficiencies and also pave way for chassis-by-wire collaboration. The synergies will provide drive the forthcoming of X-by-wire chassis systems and allow the transformation from supported to autonomous driving by increasing comfort, efficiency, and safety. Thus, the focus on efficiency and emissions reduction is propelling the Asia Pacific Drive by Wire Market, driving innovation and shaping the future of automotive technology across the region. However, technological complexities and a high initial cost of drive by wire technology can stifle market growth between 2022 and 2032.

The key Countries considered for the Asia Pacific Drive by Wire market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the dominating regional market in terms of revenue. China has been implementing stringent regulations aimed at improving vehicle safety, reducing emissions, and promoting the adoption of electric vehicles (EVs). Drive by wire technology plays a crucial role in meeting these regulatory requirements by enabling precise control over vehicle functions and optimizing performance. Chinese automotive manufacturers are forming partnerships and collaborations with domestic and international technology companies to accelerate the development and deployment of Drive by wire systems. For instance, in October 2022, NIO, the Chinese EV OEM, announced that it has signed an agreement with ZF, an automotive supplier company. This agreement will help NIO in the development of steer-by-wire (SBW) and other technologies. The market in India, on the other hand, is expected to grow at the fastest rate over the forecast period.

Major market player included in this report are:
Nissan Motor Co., Ltd.
Hitachi Astemo, Ltd.
Denso Corporation
JTEKT Corporation
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:

By Application
Throttle by Wire
Shift by Wire
Brake by Wire
Park by Wire
Steer by Wire

By Vehicle Type
Passenger Car
Commercial Vehicle
Electric Vehicle
Off-highway Vehicles

By Component
Actuator
Electronic Control Unit (ECU)
Engine Control Module (ECM)
Electronic Throttle Control Module (ETCM)
Electronic Transmission Control Unit (ETCU)
Feedback Motor
Parking Pawl
Sensors
Others
By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Asia Pacific Drive by Wire Market Definition and Research Assumptions
1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
1.3.1. Inclusion & Exclusion
1.3.2. Limitations
1.3.3. Supply Side Analysis
1.3.3.1. Availability
1.3.3.2. Infrastructure
1.3.3.3. Regulatory Environment
1.3.3.4. Market Competition
1.3.3.5. Economic Viability (Consumer’s Perspective)
1.3.4. Demand Side Analysis
1.3.4.1. Regulatory frameworks
1.3.4.2. Technological Advancements
1.3.4.3. Environmental Considerations
1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary
2.1. Asia Pacific Drive by Wire Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
2.3.1. By Application
2.3.2. By Vehicle Type
2.3.3. By Component
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion
Chapter 3. Asia Pacific Drive by Wire Market Dynamics
3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities
Chapter 4. Asia Pacific Drive by Wire Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Asia Pacific Drive by Wire Market Size & Forecasts by Application 2022-2032
5.1. Throttle by Wire
5.2. Shift by Wire
5.3. Brake by Wire
5.4. Park by Wire
5.5. Steer by Wire
Chapter 6. Asia Pacific Drive by Wire Market Size & Forecasts by Vehicle Type 2022-2032
6.1. Passenger Car
6.2. Commercial Vehicle
6.3. Electric Vehicle
6.4. Off-highway Vehicles
Chapter 7. Asia Pacific Drive by Wire Market Size & Forecasts by Component 2022-2032
7.1. Actuator
7.2. Electronic Control Unit (ECU)
7.3. Engine Control Module (ECM)
7.4. Electronic Throttle Control Module (ETCM)
7.5. Electronic Transmission Control Unit (ETCU)
7.6. Feedback Motor
7.7. Parking Pawl
7.8. Sensors
7.9. Others
Chapter 8. Asia Pacific Drive by Wire Market Size & Forecasts by Country 2022-2032
8.1. China Drive by Wire Market
8.1.1. Application breakdown size & forecasts, 2022-2032
8.1.2. Vehicle Type breakdown size & forecasts, 2022-2032
8.1.3. Component breakdown size & forecasts, 2022-2032
8.2. India Drive by Wire Market
8.3. Japan Drive by Wire Market
8.4. Australia Drive by Wire Market
8.5. South Korea Drive by Wire Market
8.6. Rest of Asia Pacific Drive by Wire Market
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Nissan Motor Co., Ltd.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Hitachi Astemo, Ltd.
9.3.3. Denso Corporation
9.3.4. JTEKT Corporation
9.3.5. Company 5
9.3.6. Company 6
9.3.7. Company 7
9.3.8. Company 8
9.3.9. Company 9
9.3.10. Company 10
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now