Global Electronic Braking Systems Market Share 2022 Growth Challenges, Opportunities and Future Trends 2028

The global electronic braking systems market is anticipated to grow at a significant CAGR of 6.6% during the forecast period (2022-2028). The global electronic braking systems market is growing due to the increase in sales and production of commercial vehicles. The rising implementation of safety technologies, such as advanced driver assists system features in a commercial vehicle is directly boosting the growth of the electronic braking systems market. The increasing infrastructure development, the rising investment in the industry, and the surge in demand for technologically advanced trucks and vehicles are further boosting the growth of the market. The increased safety awareness also drives the growth of the market as an electronic braking system provides the shortest possible braking distance and enhanced stability to the vehicles. Additionally, the increasing transportation of goods by roadways and rules and regulations for the load-carrying capacity of the vehicle is also boosting the growth of the market. Furthermore, the rising accidents cases globally and the rising awareness to control the rate of accident cases are also driving the growth of the global electronic braking systems market during the forecast period.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
• In March 2022, Continental AG announced its remarkable milestone by producing 5 million Electronic Brake Systems in the Gurgaon plant.
• In October 2021, Brembo S.p.A. announced the launch of a revolutionary electronic braking system called Sensify, which could be the most significant advancement for braking technology to provide individual brake pressure per wheel, rather than per axle.
• In January 2021, ZF Friedrichshafen AG announced the launch of state of an art brake control system that will be used across the complete model range of Volkswagen's MEB platform to regenerative braking increases the range of electric vehicles, and the software interface facilitates feature integration and networking.

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Hitachi, Ltd., NISSIN KOGYO Co., Ltd., Robert Bosch GmbH, BorgWarner Inc., and Continental AG, among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Automotive Signaling Wire Market is available at:
https://orionmarketreports.com/global-automotive-signaling-wire-market/108710/

Global Electronic Braking Systems Market Report by Segment

By Type
• Automatic
• Semi-automatic

By Application
• Passenger Car
• Commercial Vehicle
• Others

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This release was published on openPR.