DRIVE BY WIRE MARKET ANALYSIS

Drive by Wire Market, 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 By Geography (North America, Europe, Asia Pacific, Latin America)-

Global Drive by Wire Market- Recent Developments

In December 2022, Robert Bosch GmBH, a European engineering company, announced that it is undertaking research & development efforts in the 6G mobility field which is expected to be the next generation wireless mobility technology. The technology is developed on such a framework that enables better integration of communication and sensor-based environment that will improve road safety and vehicle efficiency.
On June 19, 2023, Konsberg Automotive AS, a Switzerland based global manufacturer of automotive components entered into a non-bidding agreement with Chasis Autonomy SBA AB, a Swedish company that manufactures various drive-by wire technologies for automotive industry to acquire 20% of equity stake in the company. This would enable the companies to share resources for steer-by-wire and brake-by-wire technologies.
In September 2020, Denso Corporation, a Japanese manufacturer of automotive components announced the launch of new Electric-Power Steering Motor Control Unit (EPS-MCU) that is expected to deliver better handling and provide safety to the vehicles. This new unit would be installed in upcoming cars from Toyota Motor Corporation, a Japan based global automotive manufacturer.