Some of the key findings from our automotive brake override system market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global Automotive Brake Override System Industry Overview
Strict regulatory norms and increasing emphasis on developing safer vehicles have boosted the adoption of ADAS technologies by OEMs. OEMs are incorporating several ADAS technologies, including emergency braking, forward collision warning, blind-spot detection, and parking assist technology to enhance the safety and comfort of vehicles. The reliability of such advanced electronic technologies is further enhanced by the incorporation of advanced sensors and technologically sophisticated systems. The increasing focus on developing autonomous vehicles by OEMs will also boost the incorporation of ADAS technology in vehicles. This increasing adoption of ADAS technology will create growth opportunities for active safety technologies such as brake override systems. Thus, advances in ADAS technology will be one of the critical automotive brake override system market trends responsible for the growth of the market in the forthcoming years.
The absence of clutch pedal in battery electric vehicles (BEVs) can lead to design-induced pilot errors. The simultaneous application of brake and accelerator pedals in BEVs can cause accidents. To avoid such instances, BEVs are incorporated with brake override systems, which disconnect the drive train from electric motors once simultaneous acceleration and braking command are detected. As a result, brake override systems enhance the safety and vehicle efficiency of BEVs. Factors such as favorable government incentives and policies, rising awareness of vehicle emission, rapidly expanding EV charging infrastructure, and emission-related obligation imposed by regulatory bodies have boosted the demand for EVs across the world. EV OEMs are increasingly adopting advanced technologies to enhance the safety and comfort of BEVs. Hence, the increasing demand for battery electric vehicles (BEV) will be a significant factor that will drive the growth of the automotive brake override system market at a CAGR of over 4% during the forecast period.
Top Automotive Brake Override System Companies Covered in this Market Research Report
The global automotive brake override system market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive brake override system market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading automotive brake override system manufacturers, including:
- Ford Motor Co.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- Nissan Motor Co. Ltd.
- Toyota Motor Corp.
Automotive Brake Override System Market Segmentation Based on Vehicle Type
- Passenger cars
- Commercial vehicles
The passenger cars segment will account for the highest automotive brake override system market share. The rising sales of passenger cars and increasing adoption of brake override systems by OEMs will boost the demand for automotive brake override systems in passenger cars. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive brake override system market size.
Automotive Brake Override System Market Segmentation Based on Geographic Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest share of the automotive brake override system market throughout the forecast period. The presence of regulatory bodies and increasing awareness about vehicle safety features will fuel automotive brake override system market growth in this region.
Key Highlights of the Global Automotive Brake Override System Market for the Forecast Years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive brake override system market during the next five years
- Precise estimation of the global automotive brake override system market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive brake override system industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of automotive brake override system companies
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