Automotive Electronic Brake System market has seen remarkable growth, expected to rise at a CAGR of 5.4%. Global Automotive Electronic Brake System Market Research Report: By Technology (Brake Assistance, Autonomous Emergency Braking, Electronic Stability Control, Anti-lock Braking Systems), Component, Vehicle Type, Sales Channel, Region – Forecast Till 2023
The prominent players in the global Automotive Electronic Brake System market include Advics Group (US), Autoliv Inc. (Sweden), Continental AG (Germany), Delphi Automotive Plc (US), Denso Corporation (Japan), Haldex AB (Sweden), Knorr Bremse AG (Germany), Robert Bosch GMBH (Germany), Wabco Holdings Inc. (US), ZF TRW Automotive (US), are among others.
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Global Market Highlights:
Global Automotive Electronic Brake System market has seen remarkable growth; expected to rise at a CAGR of 5.4%. Modular Car Designs to Impact Automotive Electronic Brake System Market. Emergence of EVs to Affect Automotive Electronic Brake System Market
Electronic braking system provides reduction in the response and build-up times in brake cylinders and effectively reduces braking distance by several meters, Electronic braking system integrated with ABS function ensures driving stability and steerability throughout the braking procedure. Increasing sale of vehicle in countries like India and China is expected to fuel the demand for electronic braking system during the forecast period. EBS is an efficient braking system that reduces vehicle weight and improves vehicle efficiency when compared to conventional braking options. However, requirement of high initial investment in development of electronic braking system is expected to hinder the market growth during the forecast period.
Automotive Electronic Brake System Market Segmentation
Global automotive electronic brake system market is segmented on the basis of vehicle type, technology, components, sales channel, and region. Vehicle type segment is divided into passenger vehicles, and commercial vehicles. On the basis of technology, the market has been segmented into brake assistance, autonomous emergency braking, electronic stability control and anti-lock braking systems. Component segment is further classified as, sensors actuators, control units and others. Sales channel segment is bifurcated as OEM and aftermarket.
Regional Outlook:
The global automotive electronic brake system market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. North America is dominating currently the market. However, Asia-Pacific is estimated to register the highest growth rate during the forecast period. Presence of Japan, South Korea with their stringent safety norms and firm government regulations towards vehicle safety and increasing production and sale of automobiles because of high population, easy availability of low-cost labors and raw materials, in countries like India and China is estimated to boost the growth for automotive electronic brake system market in Asia-Pacific.
In terms of region, the global automotive electronic brake system market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held largest market share in 2017. Factors like recent government regulation and initiatives to improve vehicle safety and presence of leading automobile manufacturers in this region is expected to drive the market in this region. US is expected to lead the automotive electronic brake system market in North America region. Rising demand for advanced safety systems in vehicles is expected to drive the demand for automotive electronic brake system in the US. Europe is expected to hold the substantial market share during the forecast period.
List Of Tables
Table 1 Global Automotive Electronic Brake System Market: By Region, 2018–2023
Table 2 North America: Automotive Electronic Brake System Market: By Country, 2018–2023
Table 3 Europe Automotive Electronic Brake System Market: By Country, 2018–2023
Table 4 Asia-Pacific Automotive Electronic Brake System Market: By Country, 2018–2023
Table 5 RoW Automotive Electronic Brake System Market: By Country, 2018–2023
Table 6 Global Automotive Electronic Brake System Market, By Technology, By Regions, 2018–2023
Table 7 North America: Automotive Electronic Brake System Market, By Technology, By Country, 2018–2023
Table 8 Europe Automotive Electronic Brake System Market, By Technology, By Country, 2018–2023
Table 9 Asia-Pacific Automotive Electronic Brake System Market By Technology, By Country, 2018–2023
Table 10 RoW Automotive Electronic Brake System Market By Technology, By Country, 2018–2023
Continued…
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Electronic Brake System Market Share, By Technology, 2017 (%)
FIGURE 9 Global Automotive Electronic Brake System Market, By Technology, 2018–2023 (USD MILLION)
FIGURE 10 Global Automotive Electronic Brake System Market Share, By Components, 2017 (%)
FIGURE 11 Global Automotive Electronic Brake System Market, By Components, 2018–2023 (USD MILLION)
FIGURE 12 Global Automotive Electronic Brake System Market Share, By Vehicle Type, 2017 (%)
Continued…
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