Global Automotive Braking Systems Market registering a CAGR of 5.83% in the forecast 2026 | Major Players-ZF Friedrichshafen AG, Continental AG, Autoliv Inc., AISIN SEIKI Co., Ltd., Mando Corp., Delphi Technologies, WABCO
Market Analysis: Global Automotive Braking Systems Market
Global Automotive Braking Systems Market is expected to rise from its initial estimated value of USD 20.92 billion in 2018 to an estimated value of USD 32.91 billion by 2026, registering a CAGR of 5.83% in the forecast period of 2019-2026.
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Key Market Competitors:
Few of the major competitors currently working in the automotive braking systems are-Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Autoliv Inc., AISIN SEIKI Co., Ltd., Mando Corp., Delphi Technologies, WABCO, Nissin Kogyo Co. Ltd., Haldex, AKEBONO BRAKE INDUSTRY CO., LTD, DENSO CORPORATION, Knorr-Bremse AG.
Market Definition: Global Automotive Braking Systems Market
Automotive braking system is a technology which is used to prevent high-speed collisions by combining sensors and brake. They are designed to reduce the speed of the vehicles. Every manufacturer has their own braking system technology; some uses lasers, radars and even video data. The automotive braking system is a combination of forward collision warning; forward collision mitigation, forward collision avoidance; emergency brake assistance and anti- lock brakes.
The increased use of electronic components is one of the key factors contributing to market growth.
Increasing stringency in vehicle safety standards.
The high cost of the technology is the major factor restraining its growth.
Segmentation: Global Automotive Braking Systems Market
By Product Type
Low Speed Automatic Braking System
High Speed Automatic Braking System
Pedestrian Automatic Braking System
Dynamic Brake Support
Crash Imminent Braking
By Vehicle Class
Light Commercial Vehicle
Heavy Commercial Vehicle
Middle East & Africa
Key Developments in the Market:
In February 2019, Yamaha motors have equipped their bikes like YZF- R15, FZ- FI and FZS- FI with antilock braking system (ABS). They will also provide maintenance free battery and unified braking system.
In May 2018, Transport for London published a notice for the installation of new safety system on the London Tram’s Network. The aim is to limit the speed at high risk locations.
Table of Contents:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Market Size-by Manufacturers
Chapter 4: Production-by Regions
Chapter 5: Consumption-by Regions
Chapter 6: Market Size-by Type
Chapter 7: Market Size-by Application
Chapter 8: Manufacturers Profiles
Chapter 9: Production Forecasts
Chapter 10: Consumption Forecast
Chapter 11: Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12: Opportunities & Challenges, Threat and Affecting Factors
Chapter 13: Key Findings
Chapter 14: Appendix
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Global automotive braking systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive braking systems market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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