The global brake and steer by wire market revenue was around US$ 8.97 billion in 2023 and is estimated to reach US$ 16.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2024 to 2032.
The term "brake and steer by wire systems" refers to the use of electro-mechanical systems in place of mechanical links to control and execute vehicle tasks. In a car, drive-by-wire control systems take the place of mechanical and energy-intensive systems.
Market Driving Factors
An increase in the development of autonomous vehicles is predicted to boost the market growth. Autonomous vehicles have various benefits over conventional vehicles from enhanced security to a decrease in traffic congestion and fuel emissions. Furthermore, an autonomous vehicle is installed with several sensors including RADAR, LiDAR, GPS, a camera, and a drive-by-wire system. These sensors are short-range (offering details of moving objects around the vehicle) and long-range (providing information about high-speed oncoming vehicles) to assist the vehicle sense any object or hindrance in its way. Therefore, eliminating the possibility of casualties, which increases their demand.
The surge in vehicular emission norm stringency is estimated to drive the market expansion. Governments all over the world are implementing strict emission standards and introducing new ones in response to growing concerns about air pollution and its effects on environmental and human health. Thus, owing to the existence of such regulations, manufacturers are being compelled to utilize lightweight materials in vehicles to surge their fuel efficiency.
The braking efficiency and effectiveness provided by the brake-by-wire system as compared to the conventional braking system is fueling the market growth. The idea has already been demonstrated to function effectively in high-performance applications such as Formula 1 vehicles, eliminating the physical connection between the brake pedal and the elements that use the stopping force and substituting it with electrical signals transmitted by wire. As a result, manufacturers are creating brake-by-wire systems including sub-systems and electronic components such as sensors, actuators, and control units to analyze vehicle data accurately.
The high price of brake and steer by wire system and the risk of data malfunctioning and hacking are estimated to restrict the market growth.
Regional Analysis
North America dominated the market in terms of revenue and is estimated to continue its dominance. This can be majorly attributed to the government in the United States adopting autonomous military vehicle parts in the form of robotic combat vehicles. Furthermore, key manufacturers of steering systems for automobiles are working on the development of a steering wheel part for autonomous driving in the region.
Asia Pacific is estimated to dominate the market in terms of the growth rate. This is mainly due to the various elements such as infrastructure development, government regulations, and customer preferences in the region.
Segmentation Insights
Application Insight
The brake-by-wire segment dominates the market in terms of shares. This is because it encompasses drive-by-wire systems that hold braking processes electronically, providing characteristics like regenerative braking and improved protection.
The steer-by-wire segment is estimated to dominate the market in terms of growth rate. This is due to that this segment is responsible for steering methods, enabling cutting-edge features such as lane-keeping assistance and autonomous driving.
Prominent Companies
Segmentation Outline
The global brake and steer by wire market segmentation focuses on Application, and Region.
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BRAKE AND STEER BY WIRE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BRAKE AND STEER BY WIRE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BRAKE AND STEER BY WIRE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BRAKE AND STEER BY WIRE MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 BRAKE BY WIRE
5.3 STEER BY WIRE
6 GLOBAL BRAKE AND STEER BY WIRE MARKET, BY GEOGRAPHY
6.1 OVERVIEW
6.2 NORTH AMERICA
6.2.1 NORTH AMERICA MARKET SNAPSHOT
6.2.2 U.S.
6.2.3 CANADA
6.2.4 MEXICO
6.3 EUROPE
6.3.1 EUROPE MARKET SNAPSHOT
6.3.2 WESTERN EUROPE
6.3.2.1 THE UK
6.3.2.2 GERMANY
6.3.2.3 FRANCE
6.3.2.4 ITALY
6.3.2.5 SPAIN
6.3.2.6 REST OF WESTERN EUROPE
6.3.3 EASTERN EUROPE
6.3.3.1 POLAND
6.3.3.2 RUSSIA
6.3.3.3 REST OF EASTERN EUROPE
6.4 ASIA PACIFIC
6.4.1 ASIA PACIFIC MARKET SNAPSHOT
6.4.2 CHINA
6.4.3 JAPAN
6.4.4 INDIA
6.4.5 AUSTRALIA & NEW ZEALAND
6.4.6 ASEAN
6.4.7 REST OF ASIA PACIFIC
6.5 MIDDLE EAST & AFRICA
6.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
6.5.2 UAE
6.5.3 SAUDI ARABIA
6.5.4 SOUTH AFRICA
6.5.5 REST OF MEA
6.6 SOUTH AMERICA
6.6.1 SOUTH AMERICA MARKET SNAPSHOT
6.6.2 BRAZIL
6.6.3 ARGENTINA
6.6.4 REST OF SOUTH AMERICA
7 GLOBAL BRAKE AND STEER BY WIRE MARKET COMPETITIVE LANDSCAPE
7.1 OVERVIEW
7.2 COMPANY MARKET RANKING
7.3 KEY DEVELOPMENT STRATEGIES
7.4 COMPETITIVE DASHBOARD
7.5 PRODUCT MAPPING
7.6 TOP PLAYER POSITIONING, 2022
7.7 COMPETITIVE HEATMAP
7.8 TOP WINNING STRATEGIES
8 COMPANY PROFILES
8.1 JTEKT CORPORATION
8.1.1 OVERVIEW
8.1.2 FINANCIAL PERFORMANCE
8.1.3 PRODUCT OUTLOOK
8.1.4 KEY DEVELOPMENTS
8.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.2 SCHAEFFLER PARAVAN TECHNOLOGIE GMBH & CO. KG
8.2.1 OVERVIEW
8.2.2 FINANCIAL PERFORMANCE
8.2.3 PRODUCT OUTLOOK
8.2.4 KEY DEVELOPMENTS
8.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.3 HITACHI LTD.
8.3.1 OVERVIEW
8.3.2 FINANCIAL PERFORMANCE
8.3.3 PRODUCT OUTLOOK
8.3.4 KEY DEVELOPMENTS
8.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.4 BREMBO S.P.A.
8.4.1 OVERVIEW
8.4.2 FINANCIAL PERFORMANCE
8.4.3 PRODUCT OUTLOOK
8.4.4 KEY DEVELOPMENTS
8.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.5 THYSSENKRUPP AG
8.5.1 OVERVIEW
8.5.2 FINANCIAL PERFORMANCE
8.5.3 PRODUCT OUTLOOK
8.5.4 KEY DEVELOPMENTS
8.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.6 CONTINENTAL AG
8.6.1 OVERVIEW
8.6.2 FINANCIAL PERFORMANCE
8.6.3 PRODUCT OUTLOOK
8.6.4 KEY DEVELOPMENTS
8.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.7 ROBERT BOSCH GMBH
8.7.1 OVERVIEW
8.7.2 FINANCIAL PERFORMANCE
8.7.3 PRODUCT OUTLOOK
8.7.4 KEY DEVELOPMENTS
8.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.8 DENSO CORPORATION
8.8.1 OVERVIEW
8.8.2 FINANCIAL PERFORMANCE
8.8.3 PRODUCT OUTLOOK
8.8.4 KEY DEVELOPMENTS
8.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.9 ZF FRIEDRICHSHAFEN AG
8.9.1 OVERVIEW
8.9.2 FINANCIAL PERFORMANCE
8.9.3 PRODUCT OUTLOOK
8.9.4 KEY DEVELOPMENTS
8.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.10 NEXTEER AUTOMOTIVE GROUP LIMITED
8.10.1 OVERVIEW
8.10.2 FINANCIAL PERFORMANCE
8.10.3 PRODUCT OUTLOOK
8.10.4 KEY DEVELOPMENTS
8.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
8.11 NISSAN MOTOR CO. LTD
8.11.1 OVERVIEW
8.11.2 FINANCIAL PERFORMANCE
8.11.3 PRODUCT OUTLOOK
8.11.4 KEY DEVELOPMENTS
8.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved