A monobloc TDS(Tube Drive Shaft) has been developed by using the rotary swaging process which is one of the incremental forming process. In order to estimate the developed TDS performance characteristics such as natural frequency, strength, stiffness and mass, finite element analysis has been carried out using commercial software, MSC/NASTRAN. The calculated performance characteristics have been compared with analysis results of SDS(Solid Drive Shaft) to know how much improve the performance characteristics. Also the sensitivity analyses of design parameters for the tube length and diameter have been performed. From the analysis results, it was found that the TDS allowed for a high frequency and could be designed to be much lighter than SDS. This advantage can give possibility to tune the NVH (Noise-Vibration-Harshness) characteristics.