Market Research Report
Global Automotive Electronic Brake System Market Size study, by Vehicle Type, by Technology, by Component, by Sales Channel and Regional Forecasts 2020-2027
|Published by||Bizwit Research & Consulting LLP||Product code||962961|
Delivery time: 2-3 business days
|Global Automotive Electronic Brake System Market Size study, by Vehicle Type, by Technology, by Component, by Sales Channel and Regional Forecasts 2020-2027|
|Published: October 1, 2020||Content info:||
Global Automotive Electronic Brake System Market Size study, by Vehicle Type (Passenger Vehicles, Commercial Vehicles), by Technology (Brake Assistance, Autonomous Emergency Braking, Electronic Stability Control, Anti-Lock Braking Systems), by Component (Sensors, Actuators, Control Units, Others), by Sales Channel (OEM, Aftermarket) and Regional Forecasts 2020-2027.
Global Automotive Electronic Brake System Market is valued approximately at USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2027. The recent technological developments in automotive braking system has enabled the automotive manufacturers to implement electronic brake system which can provide the high-performance attributes and increase the overall efficiency of vehicles. Brakes are integral to control vehicle motion and ensure the safety of passenger, therefore expanding the adoption for automotive electronic braking systems (EBS). Furthermore, EBS system are capable of communicating with other automotive components, like valves modulators, signal transmitters, to actuate brakes on the driver's request, which may strengthen the adoption of automotive EBS across the globe. The rise in production and sales of passenger cars and commercial vehicles, stringent government norms and regulation concerning occupant safety, and rise in adoption for advanced safety systems in vehicles to improve vehicle efficiency and reduce weight are the few factors responsible for the impressive CAGR of the market during the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of passenger cars in Asia-Pacific was around 43.4 million in 2018, an increase from 24.6 million units since 2008. Likewise, as per the source, in 2018, the production of commercial vehicles in the America was about 12 million units, representing an increase of about 4.8% from 2017 (11 million units). This, in turn, is likely to strengthen the demand for automotive electronic brake system, thereby contributing to the market growth around the world. However, the high installation and maintenance cost and availability of substitute by the local manufacturers are the few factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Automotive Electronic Brake System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rise in production of passenger vehicles and luxury cars, along with the wide presence of market players in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in incidences of road accidents or crashes and stringent government norms to implement automotive electronic brake system in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the cancer vaccine market in the Asia-Pacific region.
Major market player included in this report are:
Delphi Automotive Plc
Knorr Bremse AG
Robert Bosch GMBH
Wabco Holdings Inc.
ZF TRW Automotive
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Autonomous Emergency Braking
Electronic Stability Control
Anti-Lock Braking Systems
By Sales Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Automotive Electronic Brake System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers