The global market for by-Wire Systems is projected to reach 162.3 million units by 2022, driven by the growing wave of electronification in modern vehicles and the shift towards autonomous driving experience.
Electronification in modern vehicles is witnessing rapid growth as the auto industry continues its perennial quest for engineering excellence. Over the years, the automobile has evolved from mechanical machine to an intelligence self-ware electronic device. The envisioned future of smart cars, connected cars and autonomous cars are key factors driving the high tide of automobile "electronification". Automotive electronics help improve performance, safety, and functionality of a vehicle. Technology leaps hitherto taken in the continuously evolving field of automotive electronics include ABS, collision avoidance systems, regulated catalytic converter, front and rear lighting control, engine management, rain detector, cruise control, radars/blind spot detection, instrument cluster, traction control, active suspension, tire pressure monitoring system (TPMS), vehicle computer, among numerous others. An average car currently flaunts over 100 on-board sensors, and as the smart car concept gains commercialization, sensors per car are forecast to increase to over 250. Major areas of automotive engineering benefiting from automotive electronics include engine and drivetrain controls; safety and security; comfort, convenience and entertainment; and navigation and instrumentation.
Electronic engine and drivetrain controls continue to gain prominence against the backdrop of stringent emission and safety norms and consumer emphasis on vehicle handling and performance. In this regard, replacement of conventional mechanically actuated components with electronic components is the established norm. The 1970s-80s witnessed the replacement of mechanically actuated ignition, fuel systems, and carburetors with electronically controlled ignitions, carburetors, fuel injection systems, and feedback catalytic converters. During the early 2000s, mechanical powertrains began to be replaced with electronically augmented automatic transmission systems. Currently, there is widespread interest in replacing the mechanical steering column, shafts, pumps, belts, and cylinders with electronic systems.
Defined as an a collective term for technologies encompassing throttle by wire, brake by wire, shift by wire, steer/drive by wire, park by wire, X by Wire eliminates the physical connection between the vehicle's mechanical components. Few of the major factors driving interest in x by wire technologies include increased comfort, better handling of the vehicle, superior safety, and higher performance. In the coming years, growth in the X by wire market is forecast to benefit from steady automobile production trends, developments in automotive electronics and increasing electronic content per car, changing automobile engineering and design trends, and customer demand for low cost, highly safe, and performance packed automobiles.
The United States represents the largest and the fastest growing market worldwide with a CAGR of 10.2% over the analysis period. Major factors driving growth in the country include OEM interest in vehicle design flexibility, surging interest in e-mobility and stringent regulations that mandate the use of electronics for compliance.
Major players in the market include Continental AG, CTS Corporation, Curtiss-Wright Corporation Danaher Motion, LORD Corporation, Mobil Elektronik GmbH, Orscheln Products LLC, Robert Bosch GmbH, RLP Engineering, SKF Group, TORC Robotics Inc., and ZF TRW ZF Friedrichshafen AG, among others.