Global X-by-Wire Systems Market Size, Share, Growth, Trends, and Forecasts 2016 – 2024

Global X-By-Wire Systems Market Industry Analysis
and Forecast, 2016 - 2024: Global Market Insights
Inc.
The Report on “X-by-Wire Systems Market Size, Industry Outlook, Regional
Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea,
Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development &
Forecast, 2016 – 2024”, X-by-Wire Systems Market size is expected to witness a
healthy growth rate over the coming years. Rising demand for better fuel efficiency,
enhancements in automotive electronics, increased safety, and requirement to meet
the regulatory compliances will fuel the overall industry demand.
Rising concerns regarding emission levels and fuel economy will draw huge
investments among automotive industry participants. Increasing regulatory
amendments to reduce environmental impacts will positively influence the overall X-
by-wire systems market growth from 2016 to 2024. The technology is used in
electro-mechanical systems, which includes human-machine interfaces such as
pedals and steering fuel emulators.
The utilization of these technologies makes the vehicle lighter by reducing the overall
weight of mechanical components, boosting the overall efficiency and reducing
emissions. Moreover, the usage of motors, actuators, and sensors helps the driver to
provide a precise, quick, and accurate response, which will enhance the overall
vehicle performance.
The industry is characterized by the ongoing R&D and related component
developments for better consumer satisfaction. The requirement of heavy
investments for such activities will present a considerable challenge to the X-by-wire
market players. Lack of concern for fuel-effectiveness in various emerging
economies and ineffective fuel-efficiency standards in developed countries will
challenge the industry growth through 2024.
X-by-wire systems require privacy-centric data bus with higher bandwidth and
inherent tolerance for any defects. Architectures, such as FlexRay and Time-
Triggered Protocol (TTP), are increasingly adopted by automakers, which present
potential growth avenues over the forecast timeframe. TTP ensures proper
transmission of important messages on the data bus, increasing the importance of
these technologies.
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Europe X-by-wire systems market size is dominating owing to the initial advent of
these systems across the region. Asia Pacific is expected to display significant
growth rates owing to rising purchasing power of the customer, urge of making the
vehicle fuel-efficient, better living standards, and preference for enhanced privacy
measures.
Industry participants in the X-by-wire systems market are SKF group, LORD
Corporation, Danaher Motion, RLP Engineering, Continental AG, ZF TRW, TORC
Technologies, Curtis Wright Corp., Citroen and Infineon Technologies. Rising
demands for hybrid vehicles will present considerable growth opportunities for
manufacturers owing to its lightness and advanced application characteristics.
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