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To increase the efficiency of the braking system, vehicle manufacturers are replacing mechanical components with electrical components. The increased utility of electric actuators over conventional brake actuators will encourage the OEMs to develop advanced actuator technologies. Technavio’s market study identifies the rising preference for electric brake actuators to be one of the primary growth factors for the automotive brake actuator market. The reduced size and weight of the electric brake actuators, increases the fuel efficiency in internal combustion engine vehicles. Vehicle manufacturers are increasingly replacing electric brake actuators with electric brake actuators, owing to their high utility in vehicles. Our market analysts estimate that the market in terms of volume will grow at a CAGR of close to 4% by 2022.
The integration of brake actuators with electronic stability control units will drive the growth of the automotive brake actuator market. To increase the safety of the passengers in cars, vehicle manufacturers are developing electronic stability systems. These systems enable the vehicles to maintain traction on slippery roads. The electronic stability control systems engage the brakes on detecting loss of traction to retain the maneuverability of the vehicle.
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Companies covered
The automotive brake actuator market is characterized by numerous vendors. This market report analyzes the competitive trailer brake controller market containing key vendors offering wide and diversified product portfolio. Technavio’s analysts also analyze the key focus areas and the strategies adopted by vendors to sustain profitably in the automotive brake actuator market.
This research report provides an analysis of the various companies in this market including:
Segmentation by application and analysis of the automotive brake actuator market
In terms of application, the automotive brake actuators are primarily used in passenger cars. The growing demand for passenger cars will drive the incorporation of automotive brake actuators in passenger cars, propelling the growth of the trailer brake controller market.
Geographical segmentation and analysis of the automotive brake actuator market
APAC will be the major revenue contributor to the automotive brake actuator market till the end of the forecast period. The presence of numerous vehicle manufactures that offer developed electronic braking systems with improved stopping power over conventional braking systems, and high demand for vehicles, will drive the growth of the trailer brake controller market in this region.
Key questions answered in the report include
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
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