Market Overview
Market 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. At the same time, growing awareness among consumers regarding road safety is also one of the major reasons behind the growth of the market.
Advent of electronic braking system in automobile segment has
transformed the market scenario immensely, making the market prospects
promising. Massive demand from safety facilitators like ABS is also one of the
prime reasons behind the growth of electronic braking system market.
Key Players
The 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.
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Segmentation of automotive electronic brake system market
Global 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. To be specific about electronic brake
systems, it is consist of disc type and drum-type braking elements. In terms of
application, these devices can be further classified into passenger cars,
two-wheelers, and light commercial vehicles.
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 analysis
Geographically, 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. Asia Pacific is
the most prominent player in the market, followed by Europe and Asia Pacific.
Asia Pacific is promising in terms of its growth rate. Among these, Japan and
South Korea are said to be the major contributors. Keeping the growing number
of serious accident insight and growing fleet, China is projected to be one of
the prominent markets that will play major growth in this business.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
Continued…
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