ARM64 has a trick up its sleeve: many instructions that would be longer on other architecturea are instead split into easily recognisable pairs on ARM64. This allows for simple inplementations to pretend it's fixed length while more complex ones can pretend it's variable length. SVE takes this one step further with MOVPRFX, which can add be placed before almost all SVE instructions to supply masking and a third operand.
This trick is not getting ARM very far, as evidenced by its abysmal code density.
To be fair, it's a lot better than Power(PC), MIPS, SPARC, Alpha, PA-RISC, Itanium, Elbrus ...