X-by Wire Systems Market at a CAGR of 13.7% Rising Enterprise Efficiency and Dominated by Top Competitors (Nissan, Peugeot S.A., RLP Engineering, TORC Tech, Audi AG, Honeywell, Tesla) and Global Future Scope to 2023

Marketprognosis.com Publish a New Market Research Report On “Global X-by Wire Systems Market - Growth, Trends, and Forecast (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global X-by Wire Systems Market:

The Global X-by Wire Systems Market is anticipated to register a CAGR of 13.7% over the forecast period 2018 - 2023. In the automotive x-by-wire systems, the actual control of the vehicle is initially supported by electronically assisted control before the elimination of the mechanical linkage.. This technology helps replace traditional components such as steering column, intermediate shafts, pumps, hoses and others in a vehicle.

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Limited functionality of sensors leads to a reduction in their reliability. Malfunctioning of even a single sensor could lead to catastrophic results. On the other hand, an error in the Electronic Control Unit (ECU) function could also lead to an accident even if all the sensors are functioning correctly. For instance, if the braking system of the vehicle comes equipped with a brake-by-wire system, which commits an error in calculating the amount of pressure required for optimum braking, or if the sensor fails for once in taking the input, the brakes will not be applied, leading to an accident. Not only the braking system but any glitch in the functioning of any sensor can also be dangerous and cause an accident. For example, there are many customers of Toyota vehicles, which use a throttle-by-wire system, which experienced issues with the throttle-by-wire system’s performance.

This fault led to the complete opening of the throttle valve even when the driver has not used the accelerator pedal. A malfunctioning throttle-by-wire in the Lexus ES350 led to the death of four travelers in California, America. Toyota has agreed to recall over four million vehicles, which might have possible malfunctioning throttle-by-wire software. Nissan also decided to recall its Infiniti Q50 luxury sedans, which might have a potential steer-by-wire issue. According to the report filed with National Highway Traffic Safety Administration (NHTSA), the steering by wire system could seize to function if the engine compartment temperature falls below zero degree Celsius. Such incidents may lead to a reduction in the adoption rate for these systems thereby posing a threat to the x-by-wire market. However, with advances in the electronic and software technology, these incidences are expected to reduce which will, in turn, drive the growth of the market.

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Self-driving cars are not an automotive technology of the future. In fact, there are already cars with partial or complete self-driving features. The prerequisite of any autonomous vehicles is the full automation of all the control systems which do not require any human intervention. The only possible way of achieving complete autonomous vehicle is by the application of drive-by-wire technology. For vehicles to be completely autonomous, the functions are programmed to a microprocessor equipped with electronic safety systems. These autonomous vehicles are divided into two different categories, namely, semi-autonomous vehicles and fully autonomous vehicles. These vehicles are expected to make their debut soon, with BMW planning to launch its self-driving electric vehicle, the BMW iNext, in 2021, Toyota by 2020 and Tesla by the end of 2018. Furthermore, Audi is also in plans of launching their Audi A8 2018 L3 Autonomous vehicle by the end of 2018.

Major Key Players:

1 Nissan

2 Peugeot S.A.

3 RLP Engineering Ltd.

4 TORC Technologies Inc.

5 Audi AG

6 Infineon Technologies

7 Honeywell Inc.

8 Tesla Corporation and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of X-by Wire Systems Market.

Table of Contents:

1 Introduction

2 Executive Summary

3 Market Overview and Trends

4 Market Dynamics

5 Global X-by-wire system market, Segmented by type

6 Global X-by-wire system market, Segmented by vehicle type

7 Global X-by-wire system market, Segmented by Geography

8 Competitive Landscape

9 Company Profiles

10 Future Outlook of the Market

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This release was published on openPR.