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Automotive Electronic Braking System Market Report
Automotive Electronic Braking System (EBS) Market Size, Share, Trend, Forecast, & Competitive Analysis
Automotive Electronic Braking System (EBS) Market is Segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Product Type (Disc Brake and Drum Brake), by Technology Type...
The global automotive electronic braking system market is expected to witness a healthy CAGR (compound annual growth rate) of >5% over the next five years, driven by increasing production of automobiles, stringent government norms regarding occupant safety, growing demand for advanced safety systems in vehicles, growing environmental concerns to reduce CO2 emissions, and advancement in technology. There is a very high penetration of EBS in the developed economies, such as North America, Europe, and Japan whereas the penetration of EBS in the developing economies, such as China and India is relatively low but is increasing at an impressive rate.
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The global automotive electronic braking system market is segmented based on vehicle type as passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle. The passenger car is expected to remain the largest vehicle type in the global automotive electronic braking system market over the next five years. This vehicle type is also projected to witness the highest growth in the same period, owing to high demand for safety systems and increasing production of passenger cars, mainly in the Asia-Pacific region.
The global automotive electronic braking system market is segmented based on product type as disc brake and drum brake. The disc brake is expected to remain the most dominant type in the global automotive EBS market over the next five years, driven by its advantages over drum brakes, such as reliability, heat dissipation, shorter stopping distance, lower maintenance cost, longer life cycle, and lighter weight. These drivers would continue providing an excellent growth momentum to the disc brakes in the coming five years as well.
The global automotive electronic braking system market is segmented based on technology type as electronic stability control (ESC), adaptive cruise control, anti-lock braking system (ABS), differential slip control, and traction control. ESC is projected to remain the most dominant EBS technology during the forecast period, driven by very high penetration in the developed economies, such as the USA, Europe, and Japan. In contrast to the developed economies, there is a relatively high penetration of anti-lock braking system in the developing economies, such as China and India; however, there has been a steep shift towards the use of ESC system.
OEM market is likely to remain the largest end-user type during the forecast period and is expected to experience a higher growth rate than the aftermarket during the same period, driven by an increasing production of light vehicles and commercial vehicles across regions.
Asia-Pacific is estimated to remain the largest market for electronic braking system over the next five years. Increasing penetration of EBS in China and India and increasing production of automobiles are bolstering the growth in the Asia-Pacific region. This region is also likely to witness the highest growth over the next five years. North America is expected to be the second-fastest growing automotive EBS market in the same period, driven by increasing production of automobiles and continuous shift from ABS to ESC system.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2014-2025 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Forecast |
>5% CAGR during 2020-2025 |
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Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, South Korea, Brazil, Argentina and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
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Some of the major players in the global automotive EBS market are
Long-term contracts with automakers and advancement in technology are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the global electronic braking system market in the automotive industry over the period 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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Driven by the factors like increasing production of automobiles, the automotive electronic braking system market is expected to witness an impressive growth of >5% CAGR during 2020-25.
Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive, Advics Group, Nissan Kogyo Co., Ltd., Mando Corporation, Autoliv Inc, Haldex AB, and Wabco Holdings Inc. are among the key players in the Automotive Electronic Braking System (EBS) Market.
Asia-Pacific is expected to remain the largest market for electronic braking system over the next five years.
The disc brake is expected to remain the most dominant type in the global automotive EBS market over the next five years.
The passenger car is expected to remain the largest vehicle type in the automotive electronic braking system market during the next five years.
ESC is expected to remain the dominant technology type in the automotive electronic braking system market in the coming years.
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