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X-By-Wire System Market Trends

Report ID: GMI7951
Published Date: Jan 2024
Report Format: PDF

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X-By-Wire System Market Trends

With the growing reliance on electronic control systems, there is an emerging trend toward implementing robust cybersecurity measures within X-by-wire systems. As vehicles become more connected, protecting these systems from cyber threats will be crucial for ensuring safety and reliability.

In addition, the rapid integration of x-by-wire systems with autonomous vehicles will help boost the x-by-wire market forecast through 2032. As autonomous vehicle technology advances, there is a potential trend for increased integration of X-by-wire systems to facilitate precise control and rapid response, supporting the unique needs of autonomous driving.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for X-by-wire system reached USD 28.6 billion in 2023 and is poised to expand at over 18% CAGR from 2024 to 2032 driven by the significant rise in electric and autonomous vehicles.

The throttle-by-wire segment held 35% share of the X-by-wire system industry in 2023 and is projected to record substantial growth through 2032 attributed to the advantages of enhanced fuel efficiency and reduced emissions.

North America industry accounted for USD 9.8 billion in revenue in 2023 and is set to expand at a robust pace through 2032 attributed to the stringent safety standards set by organizations like NHTSA for encouraging the integration of advanced safety technologies, including X-by-wire systems.

Some top firms in the market are Continental AG, Aptiv PLC, Infineon Technologies AG, Hitachi, Ltd., Robert Bosch GmbH, Nexteer Automotive, and ZF Friedrichshafen AG.