17th Sept 2020 - Global Automotive Brake Systems Market is predicted to reach USD 31.11 billion by 2025 owing to the increasing vehicle production due to the growing demand from consumers. Automotive brake systems are the technologies that combine brake controls and sensors to avoid high-speed road accidents. Some automotive brake systems are designed to simply reduce the speed of vehicles before hitting a roadblock while some brake systems completely avert the mishaps. Since high-speed collisions are more dangerous than the low-speed collisions, automotive braking systems saves lives and reduces the vehicle damage during a mishap.
Most systems offer braking support to the driver while others adeptly activate the brakes with no driver input. Other factors like government regulations on reducing stopping distances, New Car Assessment Program (NCAP), safety rating certifications, and instructions on installation of electronic brake systems are increasing the demand for disc brakes and other automatic brake systems.
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The automotive brake systems market comprises disc brakes and drum brakes. The disc brakes include a rotor or a disc, disc brake pads, a caliper assembly, the wheel bearings and the hardware required to organize the components on the vehicle. The master cylinders are connected to the caliper through tubes, valves and hoses that conduct brake fluid via system. The drum brakes include a drum and backing plate, an axle assembly or a hub, wheel cylinder, wheel bearings, brake shoes and hardware required to organize these components on the vehicle. The master cylinder is connected to the wheel cylinder via tubes, valves and hoses that conduct brake fluid via system.
The ever-growing demand and successive production of vehicles are regarded as major drivers for the rising demand of automotive brakes. Additionally, the rising governmental obligations concerning the improvement of vehicle safety is intensely contributing to the growth of market. However, the high cost of enhanced technology of EBS (Electronic Brake Systems) as compared to the very common hydraulic brakes is a major obstacle in the growth of market. Currently, the automotive industry across globe has presented positive signs of recovery recently. Purchase of semi-luxury and luxury high performance vehicles has grown considerably in the past years. Consequently, the demand for the efficient brake system for vehicles like passenger cars, heavy & light commercial vehicles and the two-wheelers are continuously on the rise. This in turn is expected to contribute largely to the growth of automotive brake systems market in the forecast period.
Global Automotive Brake System Market is classified on the basis of brake type, technology, application and geography. On the basis of brake type, market is segmented as drum brake and disc brake. Disc brake is predicted to dominate market owing to the increasing safety regulations by the government. On the basis of technology, the automotive brake system market is divided into ABS (Anti-lock Braking System), TCS (Traction Control System), ESC (Electronic Stability Control), and others. Traction control system is predicted to dominate automotive brake systems market in forecast period due to the increasing technology in the brake systems.
The key players actively involved in the automotive brake systems market are Akebono Brake Industry Co., ZF Friedrichshafen AG, Aisin Seiki, Continental AG, Brembo SpA, Knorr-Bremse AG, Knorr-Bremse AG, Robert Bosch GmbH, Wabco Holdings Inc, and Mando Corporation.
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Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Mexico
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
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Market Research Future (MRFR) in its new research study, asserts that the “Global Automotive brake linings Market” is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a vigorous ~7.8% CAGR in the forecast to 2025.Automotive brake linings are breaking systems employed for vehicle and consumer safety.
They are materials attached to brake shoes with rivets and protect rotors from direct contact by creating friction to slow down the vehicle.
The global automotive brake linings market report by Market Research Future (MRFR) provides estimations and projections for automotive manufacturers for the period of 2019 to 2025 (forecast period) while covering latest policies and norms on vehicle safety.
The COVID-19 pandemic has also been included as a sizeable factor in the report.Market ScopeThe global automotive brake linings market is projected to expand in size at a rapid pace during the forecast period.
The use of brake linings in SUVs, sales of four-wheelers, demand for off-highway vehicles, passenger safety in passenger and commercial vehicles, and low maintenance costs of upgrading the system are major drivers of the market.
Technological strides in braking, rise in urbanization, and growing disposable income levels can bode well for the market.
With the rise in Global Ceramic Capacitor Market, the need for niche Market has grown by a staggering rate.
Report on the Global Ceramic Capacitor Market highlights the detailed study of market containing production, overview, dimensions, producers, value, price, income, deals, growth rate, consumption, export, import, sales revenue, supply, future plans and the technological developments for the comprehensive analysis of the Global Ceramic Capacitor Market.
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Chapter One : Introduction of Ceramic Capacitor Industry
Molecular diagnostics is a branch of clinical pathology or laboratory medicine that uses techniques of molecular biology to diagnose disease, monitor the effectiveness of therapies, predict diseases course, and select therapy.
North America molecular diagnostics industry is estimated to grow at a significant CAGR in the upcoming period as the scope and its applications are increasing enormously.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/north-america-molecular-diagnostics-market/request-sample The key driving factors responsible for the growth of North America Molecular Diagnostics market : The factors that are playing a major role in the growth of North American molecular diagnostics market area technological enhancement in molecular diagnostic kits and rising R activities by manufacturers.
North America molecular diagnostics market is segmented based on product type, rest location, technology, application, and region.
Reagents sector accounted for the significant market share of North America molecular diagnostics and is estimated to continue with its dominance in the years to come.
In addition, the point-of-care sector is estimated to grow at the highest CAGR in the years to come.
Smart parking market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
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Download Sample Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-parking-market Market Analysis and Insights: Smart Parking MarketThe smart parking market is expected to grow at USD 17.46 billion with a CAGR of 17.85% in the forecast period of 2021 to 2028.
Data Bridge Market Research report on the smart parking market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The smart parking system provides real-time data details regarding the availability of the nearest parking lot and allows the driver to serve that slot without interference from other vehicles.
Get TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-parking-market You will get an answer to the following questions like What CGAR Smart parking market?What is the estimated valuation for the Smart parking market?Who are the key players of the Smart parking marketWhat are the technology segments of the Smart parking market?The Key players included in the Smart parking market report Robert Bosch GmbHContinental AGValeoDelphi TechnologiesAISIN SEIKI Co. Ltd.Siemens AGCubic CorporationAmano Corporation Kapsch TrafficCom AGAppyParkingSmart Parking TKH GROUPNedapCountries covered in the report are The U.S.Canada and Mexico in North AmericaBrazil Argentina and the Rest of South America as part of South America Germany Italy The U.K. FranceSpainNetherlands BelgiumSwitzerland TurkeyView full report @ https://www.databridgemarketresearch.com/reports/global-smart-parking-market Customization Available: Global Smart Parking MarketData Bridge Market Research is a leader in consulting and advanced formative research.
