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“The Automotive Electronic Brake System Market is poised to grow by USD 17.01 million units during 2022-2026, accelerating at a CAGR of 3.90% during the forecast period”
Automotive electronic brake system ensures that the vehicle remains directionally stable and steerable even during emergency braking on slippery roads. The ASR prevents the drive wheels from spinning when driving off or accelerating. Wheel spinning is detected by the EBS control unit using wheel speed sensors. When the driver presses the brake pedal, the brake controller applies power to the trailer brakes in proportion to the vehicle's momentum.
Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the market segmentation by type of Passenger vehicles, Light commercial vehicles, Heavy commercial vehicles, Buses and coaches, and geography APAC, Europe, North America, South America, and MEA. The market report also offers information on several market vendors, including Aisin Corp., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Knorr Bremse AG, Mando Corp., Nissan Motor Co. Ltd., Robert Bosch GmbH, Tenneco Inc., and ZF Friedrichshafen AG among others.
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Our Technavio Research categorizes the report belonging to Auto-Part Equipment and with a segment by type for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.
Technavio is a global technology research and advisory company. We use a proprietary Research Methodology tailored to each market we cover. Unlike most vendors that provide similar reports, our team of Industry Experts constantly validates our data, assumptions, and conclusions based on in-depth research and over 50 years of combined experience in the IT Industry. Our data is completely original: it has not been aggregated or replicated. This creates a unique opportunity for you to obtain a comprehensive view of the current state of the market as well as provide deep insights into future outlook areas.
The increasing electrification in vehicles is notably driving the market growth, although factors such as the high cost of development and maintenance of electronic brake systems may impede the market growth. We have studied the market factors that lead to competitive weakness and strength helps in understanding how to mitigate cyber attacks, while promoting strategies that are focused on creating a sustainable market position. The study of factors leading to competitive advantages is essential in helping the company identify the right products, services, and capacity levels required to gain a competitive advantage over its competitors.
Key Automotive Electronic Brake System Market Driver
The significant increase in the electrification of vehicles is one of the key drivers for the market share growth. The electronic components installed in modern vehicles are witnessed to boost their functional efficiency, control emissions, and reduce overall weight. Electrification in the automotive industry has enhanced driving technology, fuel systems, braking systems, and safety systems. Moreover, customer preferences for vehicles with more advanced safety systems, connectivity features, and convenience are expected to fuel the market during the forecast period.
Key Automotive Electronic Brake System Market Challenge
The rise in the cost of development and maintenance is a key challenge for market share growth. The transformation of components and braking systems in automobiles currently is from mechanical to electro-mechanical or all-electronic systems resulting in a rise in the cost of development in comparison with the hydraulic or mechanical braking systems. Moreover, the costs involved in the maintenance and repair of such systems are high. Thus, the high costs involved in the automotive brake-by-wire systems is expected to hamper the market growth during the forecast period.
This automotive electronic brake system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.The components and accessories market is segmented by application, vehicle type, and region. The sales channel data for each of these segments will help in understanding the growth potential in the market.
(Put one vendor detail in brief )
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart room heater market vendors such as
This statistical study of the system market encompasses successful business strategies deployed by the key vendors. The brake system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of market growth and provides a complete understanding of all aspects of a cash logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
47% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the market in APAC. Market growth in this region will be slower than the growth of the market in rest of the regions.
The increase in the awareness of safety features will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The market share growth by the passenger vehicles segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.
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Automotive Electronic Brake System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 3.90% |
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Market growth 2022-2026 |
17.01 mn units |
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Market structure |
Fragmented |
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YoY growth (%) |
4.21 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
China, US, Japan, India, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Aisin Corp., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Knorr Bremse AG, Mando Corp., Nissan Motor Co. Ltd., Robert Bosch GmbH, Tenneco Inc., and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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