Automotive Electronic Braking System (EBS) Market estimated to grow at 5.3% CAGR in the forecast period (2017-2022)

Summary:
The report on the Automotive Electronic Braking System (EBS) Market by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2017-2022. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Electronic Braking System (EBS) Market is expected to inflate at impressive CAGR of 5.3% by the forecast period (2017 – 2022).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, Light Commercial Vehicle, Medium & Heavy Duty Commercial Vehicle
• By Brake Type: Disc Brake, Drum Brake
• By Product Type: Electronic Stability Control, Adaptive Cruise Control, Anti-Lock Braking, Differential Slip Control, Traction Control
• By End User Type: OEM, Aftermarket
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/130/automotive-electronic-braking-system-market.html

Highlights of the Report:

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.

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.

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.

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.

OEM market is likely to remain the largest end-user type during the forecast period and is expected to experience a higher growth rate than the aftermarket during the same period, driven by an increasing production of light vehicles and commercial vehicles across regions.

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.

Key Players of the Market

The market is consolidated in nature with five major players Advics Group, Autoliv Inc., Continental AG, Delphi Automotive Plc, Denso Corporation holding together the major share in the market, with Advics Group being the key player.
Other important firms are Haldex AB, Knorr BremseAG, Robert Bosch GMBH, Wabco Holdings Inc., ZF TRW Automotive.

Features of the Report

The Report discusses about the working of the Electronic Braking System, the various types, and the growth of the Electronic Braking System in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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Stratview Research
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This release was published on openPR.