The global automotive electronic brake system market, according to a report by Market Research Future (MRFR), is expected to acquire a notable market valuation at a moderate CAGR of 5.4% over the review period.
Drivers and Restraints
Automotive electronic braking system market is advancing towards a steady growth owing to multiple benefits over the conventional systems such as a reduction in a number of brake system components, lower maintenance, predictive braking controls, and improved diagnostic of the complete system. The rising demand for passenger cars and light commercial vehicles is primarily fueling the sales of automotive electronic braking systems. With the advent of electric and hybrid cars in emerging markets, demand for effective braking systems that assist in an overall reduction of vehicle weight, and improving vehicle efficiency is high. Therefore, the need for automotive electronic braking systems is anticipated to escalate significantly. On the other hand, the capital intensive nature of the equipment is likely to have a hindering impact on the sales of the automotive electronic brake system market over the review period.
Segmental Analysis
The global market for automotive electronic brake system is segmented on the basis of vehicle type, components, technology, sales channel, and region. The vehicle type segmentation of the market is done into passenger vehicles and commercial vehicles. The technologies deployed in the global market for automotive electric brake systems are autonomous emergency braking, brake assistance, electronic stability control, and anti-lock braking systems. The vehicle segment is further segmented as sensors actuators, control units, and others. The sales channel segment is bifurcated as OEM and aftermarket.
Regional Analysis
On the basis of region, the global automotive electronic brake system market is segmented into Europe, North America, Asia-Pacific, and the Rest of the World. North America is one of the major regional markets for automotive electronic brake systems and is slated to attain the most significant market share over the review period. Factors such as the recent government regulations and initiatives to enhance vehicle safety and the presence of leading automobile manufacturers in this region are predicted to fuel the market in the North American region. The US is touted to lead the automotive electronic brake system market in the North America region. The rising demand for advanced safety systems in vehicles is expected to drive the demand for automotive electronic brake systems in the US. Europe is poised to account for the substantial market share over the assessment period. The augment in the production and sale of vehicles and rising demand for advanced safety features are the factor fueling the automotive electronic brake system market in the Europe region. Additionally, Asia-Pacific is estimated to dominate the market during the forecast period. The presence of strict safety norms and firm government regulations towards vehicle safety in countries like Japan, South Korea, India, and China are poised to drive the Automotive Electronic Brake System growth in the Asia-Pacific region. China, with its large vehicle production and sales and is expected to hold the prominent market share in the Asia-Pacific region. The demand for the automotive electronic brake system in the Rest of the World region is driven by the growing GDP of the countries and the rising demand for passenger automobiles over the review period.
Competitive Analysis
The major market players identified by MRFR in the global Automotive Electronic Brake System market include Knorr Bremse AG (Germany), Continental AG (Germany), Advics Group (US), Autoliv Inc. (Sweden), Denso Corporation (Japan), Delphi Automotive Plc (US), Haldex AB (Sweden), Robert Bosch GMBH (Germany), ZF TRW Automotive (US), Wabco Holdings Inc. (US), among others.
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Market OverviewMarket Research Future (MRFR) in its new research study, asserts that the “Global Automotive Electronic Brake System Market” is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a vigorous 5.4% CAGR in the forecast to 2025.Technological advancements and growing support from the government in nations like India and China are cited as the prime reasons behind the growth of the automotive electronic brake system market.
To be specific, growing popularity of high-end technicalities like Traction Control System or TCS and ABS systems also does make the prospects of global automotive electronic brake system market significant in forecast period.
Growing demand and massive production in automotive industry are also among the reasons behind the growth of global automotive electronic braking systems market.
Growing purchase power can also be one of the reasons behind the promising market scenario.Key PlayersThe prominent players in the Global Automotive Electronic Brake System market include Advics Group (US), Autoliv Inc. (Sweden), Knorr Bremse AG (Germany), Robert Bosch GMBH (Germany), Wabco Holdings Inc. (US), ZF TRW Automotive (US), Continental AG (Germany), Delphi Automotive Plc (US), Denso Corporation (Japan), Haldex AB (Sweden), are among others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6909Segmentation of automotive electronic brake system marketGlobal automotive electronic brake system market can be segmented on vehicles, channels, and products.
In terms of product, the market can be further classified into disc brakes and drum brakes.
Based on region, global automotive electronic brake system market can be further classified into North America, Asia Pacific, Europe, Europe, and South America, which is led mainly by Asia Pacific.Regional analysisGeographically, global automotive electronic brake system market can be further classified into North America, Asia Pacific, Europe, Europe, and South America, which is led mainly by Asia Pacific.
Global Automotive Electronic Brake System Market research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Segment by Type Traction Control System (TCS)Anti-lock Braking System (ABS)Electronic Stability Control (ESC)Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-automotive-electronic-brake-system-2021-197 Segment by Application OEMAftermarketBy Company AutolivIncContenental AgDelphi Automotive Plc.Denso CorporationTRW AutomotiveRobert Bosch GMBHProduction by Region North AmericaEuropeChinaJapanSouth KoreaIndiaConsumption by Region North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGet the Complete Report & TOC at https://www.24marketreports.com/automotive-and-transportation/global-automotive-electronic-brake-system-2021-197CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
The report delivers the challenges in front of the Electronic Brake System Market that allows the better understanding of the market and provides the lucrative opportunities that are available.
The analysis provides demands for the future, besides the opportunities that are available for individual.
Study focuses on industry chain analysis, upstream and downstream raw material suppliers, key players, production process analysis, cost analysis, market distribution channels and major downstream buyers.The Electronic Brake System Market Report delivers analysis of various organizations, affiliation and new businesses.
Study includes authorized estimations to develop better understanding of the organizations.
Research furthermore consolidates impact of government regulations and standards over the market.Research analysis covers historical data from the year 2015 to 2019,In addition to this report considers 2021-28 as the forecast year.
This helps manufacturers and clients understand the past trends and analyze the future trend.
