Automotive Electronic Brake System Market Highlights:
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.
EBS is an efficient braking system that reduces vehicle weight and improves vehicle efficiency when compared to conventional braking options. However, requirement of high initial investment in development of electronic braking system is expected to hinder the market growth during the forecast period
The Key players in the Automotive Electronic Brake System Market 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 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
By Regions
• North America
• Asia-Pacific
• Europe
• Rest of the World
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. Europe is expected to hold the substantial market share during the forecast period. The growth in the production and sale of vehicles and increasing demand for advanced saftey features are the factor driving the automotive electronic brake system market in Europe region. However, Asia-Pacific is estimated to dominate the market during the forecast period. Presence of strict safety norms and firm government regulations towards vehicle safety in countries like Japan, South Korea, China are expected to drive the Automotive Electronic Brake System growth in Asia-Pacific region.
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