The X-by-wire global market in the Japan is set to grow at a CAGR of approximately 30% during the forecast period. Betterment of electronic technology and drive to decrease the overall weight of the vehicles to be the major factors of the Japanese Automotive X-by-wire market.
Source: Statista/Mordor Intelligence Analysis
which has been made mandatory in many developed and developing countries around the world. A few other factors driving the market include the switch to electronic systems in modern vehicles and shift toward autonomous experience. These technologies have become more efficient and affordable as well as fuel efficiency laws which have become more stringent and comprehensive due to which the market for x-by-wire market is bound to grow.
The high cost of systems and associated components, ongoing research leading to the inadequate speed of updating existing research and subpar implementation and enforcement of the fuel-efficiency laws are some of the restraints to the adoption and proliferation of x-by-wire systems in Japan.
Major Players: Audi, Nissan, Peugeot, RLP Engineering, TRW amongst others
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