Global Automotive Electronic Brake System Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow about CAGR 6.7% from 2020 to 2027, reaching nearly US$ XX Mn.

Global Automotive Electronic Brake System Market: Overview

Automotive Electronic Brake System is used in automotive to stop vehicle or reduce speed of vehicle. Braking system is an essential device as safety purpose of vehicle and pedestrian safety. Increasing awareness of safety is driving this market for advanced braking technology. Automotive electronic braking system provides automotive braking more effective, as well as this reduces braking system maintenance.

Advancement in safety and system in automobile technology as well as in aerodynamics of vehicle enable more efficient vehicle which is efficient in utilizing power and aching greater speed. High stability is main purpose for greater speed of vehicle. Braking system plays crucial role in safety; electronic braking system is introduced to improve braking system. Advance Electronic braking system communicates with other component of braking system, transmitter to fetch signal, valves modulators and other electronic component which will assist driver to electronically actuate brakes.

Global Automotive Electronic Brake System Market: Impact Of NCAP

NCAP (New Car Assessment Program) is assessment program for new vehicle safety. This program is the most important program in the car safety. This prom gives ratings to the newly launched cars according to their safety tests. NCAP is aiming to make mandatory braking program such as ESC across globe. The ESC (Electronic Stability Control) system includes system like ABS (antilock Braking System) and EBD (Electronic Brake-force Distribution).

Global Automotive Electronic Brake System Market: Drivers

Increasing demand for advanced features in vehicle safety over the past few years estimated to maintain its growth in the forecasted period.

Developing countries are also showing demand for vehicle having safety devices which is driving market for Global Automotive Electronic Brake System. Automotive Electronic Brake System gives more safety to the driver and passenger which in turn increases the market growth.

Automotive Electronic Brake System helps vehicle at high speed, makes vehicle controlling smooth. Due to less effort to control the vehicle, driver can drive vehicle for long distance with more safety, faster delivery of goods is possible.

Automotive Electronic Brake System assists ABS (Antilock Braking System), Load sensing System, Anti-Slip Reduction (ASR) more efficiently.

Global Automotive Electronic Brake System Market: Challenges

A major restraint for this market is high cost and needs high tech equipment for working.
Development and Commercialization of this system takes high capital cost. Organization and manufacturers are looking for more innovative and cost-effective solutions.

Only few companies are operating in this region.

Global Automotive Electronic Brake System Market1

Global Automotive Electronic Brake System Market: Regional Overview

Global Automotive Electronic Brake System Market is segmented into Asia Pacific, North America, Europe, South America and Middle East & Africa. North America is the biggest player in these regions and fueling market of Global Automotive Electronic Brake System. Mexico is also showing rapid growth in automotive sector expecting increase demand for advanced technologies. Electric and Hybrid vehicle is growing in Europe which is driving sales of Automotive Electronic Brake System.

According to production and demand Asia Pacific market is the highest in world, and contributing in development of new system like Automotive Electronic Brake System. India and China are the major market for automotive industry. Thus, the Automotive Electronic Brake System Market is expected to show double digit growth in this region during the forecasted period.

Global Automotive Electronic Brake System Market: Segmentation

Global Automotive Electronic Brake System Market is segmented into Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), Product Type (Anti-Lock Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TCS), Electronic Brake-Force Distribution (EBD)), and Region (North America, Europe, Asia pacific, Middle East and Africa, and Latin America). From regional segment, North America has dominance over world market of Automotive Electronic Brake System, owing to its large capacity of commercial vehicle market. In terms of product type, Anti-Lock Braking System (ABS) are growing at faster rate than other segment, but now Electronic Stability Control (ESC) is also getting popular in LMV Commercial vehicle.

The report also helps in understanding Automotive Electronic Brake System Market dynamics, structure by analyzing the market segments and projects the Automotive Electronic Brake System Market size. Clear representation of competitive analysis of key players by Supply Chain, price, financial position, Product portfolio, growth strategies, and regional presence in the Automotive Electronic Brake System Market make the report investor’s guide.
Scope of the Automotive Electronic Brake System Market

Automotive Electronic Brake System Market, By Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Automotive Electronic Brake System Market, By Product Type

• Anti-Lock Braking System (ABS)
• Electronic Stability Control (ESC)
• Traction Control System (TCS)
• Electronic Brake-Force Distribution (EBD)
Automotive Electronic Brake System Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Automotive Electronic Brake System Market

• 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)

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