High Growth & Smooth Sailing of Automotive Electronic Braking System (EBS) Market
Stratview Research prognosticates the market to grow at a healthy CAGR 5.3% over the next five years.
The estimates are a result of market analysis over a period of 2011-16, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Automotive Electronic Braking System (EBS) Market during the period 2017-22.
Identifying the Factors & Avenues of Growth
Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Automotive Electronic Braking System (EBS) Market responds to all the significant inquiries.
The global automotive electronic braking system market is expected to witness a healthy CAGR (compound annual growth rate) of 5.3% over the next five years, driven by increasing production of automobiles, stringent government norms regarding occupant safety, growing demand for advanced safety systems in vehicles, growing environmental concerns to reduce CO2 emissions, and advancement in technology. There is a very high penetration of EBS in the developed economies, such as North America, Europe, and Japan whereas the penetration of EBS in the developing economies, such as China and India, is relatively low but is increasing at an impressive rate.
Unravelling the Critical Segments
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of Automotive Electronic Braking System (EBS) has been divided into categories such as by Vehicle Type, Product Type, Technology Type, End User Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?
To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/130/automotive-electronic-braking-system-market.html
Advics Group at the Helm
The top 5 players are Advics Group, Autoliv Inc, Continental AG, Delphi Automotive Plc, Denso Corporation.
Other important firms are Haldex AB, Knorr BremseAG, Robert Bosch GMBH, Wabco Holdings Inc., ZF TRW Automotive.
Increasing Demands of Structural Oil Pan
The global automotive electronic braking system market is segmented based on product type as disc brake and drum brake. The disc brake is expected to remain the most dominant type in the global automotive EBS market over the next five years, driven by its advantages over drum brakes, such as reliability, heat dissipation, shorter stopping distance, lower maintenance cost, longer life cycle, and lighter weight. These drivers would continue providing an excellent growth momentum to the disc brakes in the coming five years as well.
Passenger Car to Remain the Growth Engine
The global automotive electronic braking system market is segmented based on vehicle type as passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle. The passenger car is expected to remain the largest vehicle type in the global automotive electronic braking system market over the next five years. This vehicle type is also projected to witness the highest growth in the same period, owing to high demand for safety systems and increasing production of passenger cars, mainly in the Asia-Pacific region.
Electronic stability control to remain dominant technology
The global automotive electronic braking system market is segmented based on technology type as electronic stability control (ESC), adaptive cruise control, anti-lock braking system (ABS), differential slip control, and traction control. ESC is projected to remain the most dominant EBS technology during the forecast period, driven by very high penetration in the developed economies, such as the USA, Europe, and Japan. In contrast to the developed economies, there is a relatively high penetration of anti-lock braking system in the developing economies, such as China and India; however, there has been a steep shift towards the use of ESC system.
Asia-Pacific to be the Largest Market
Asia-Pacific is estimated to remain the largest market for electronic braking system over the next five years. Increasing penetration of EBS in China and India and increasing production of automobiles are bolstering the growth in the Asia-Pacific region. This region is also likely to witness the highest growth over the next five years. North America is expected to be the second-fastest growing automotive EBS market in the same period, driven by increasing production of automobiles and continuous shift from ABS to ESC system.
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