Automotive Electronic Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Automotive Electronic Brake System Market Research Report Global Forecast to 2023
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Automotive Electronic Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Summary: Global Automotive Electronic Brake System Market By Technology (Brake Assistance, Autonomous Emergency Braking, Electronic Stability Control, Anti-lock Braking Systems), Component, Vehicle Type, Sales Channel, Region - Forecast Till 2023
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Automotive Electronic Brake System market is estimated to witness 5.4 CAGR during the forecast period from 2019 to 2023. Automotive Electronic Brake System market overview: 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. Global Automotive Electronic Brake System market has seen remarkable growth; expected to rise at a CAGR of ~5.4%. Key Players Analyzed in This Report are: 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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Automotive Electronic Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Automotive Electronic Brake System Market Segmentation: By Vehicle Type • •
Passenger Vehicle 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
Regional Analysis: 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.
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Automotive Electronic Brake System Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
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