Automotive Electronic Braking System Market

Introduction

Everyday advancement in automobile technology and evolving aerodynamic design has enabled us to utilize engine power efficiently and has helped us achieve greater speeds. Automobile at high speed initiates demand for efficient vehicle stability. Brakes are therefore crucial to control vehicle motion and ensure the safety of goods and passengers.

Electronic Braking System (EBS) was introduced for enhanced brake stability and for the reduction in stopping distance. EBS system communicates with other components such as signal transmitter, valves modulators and other components electronically to actuate brakes on the driver’s request. EBS is primarily preferred over other braking systems due to enhanced benefits of simultaneous operation of Antilock braking system (ABS), load sensing system, Anti-Slip Reduction (ASR), and others.

Market Dynamics

Automotive electronic braking system market is progressing towards a strong growth owing to multiple benefits over the conventional systems such as reduction in number of brake system component, predictive braking controls, lower maintenance and enhanced diagnostic of the complete system. The escalating demand for passenger cars and light commercial vehicles is chiefly driving the sales of automotive electronic braking systems.

With onset of electric vehicles and hybrid vehicles in emerging markets, demand for efficient braking systems that aid in overall reduction of vehicle weight and improving vehicle efficiency is high. Therefore, the demand for automotive electronic braking systems is anticipated to escalate significantly. However, due to capital intensive nature of equipment, the sales of the automotive electronic braking system technology is restricted.

Market Segmentation

basis of vehicle type	Passenger Cars Light commercial vehicles Heavy Commercial vehicles
basis of sales channel	OEM Aftermarket
basis of product type	Electronic Stability Control Adaptive Cruise Control Anti-lock Braking System Differential Slip Control Traction Control System

Regional Outlook

The market can also be segmented on the basis of region including North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. The recovering light commercial vehicle sales and passenger cars in North America is propelling the sales of electronic braking system in the region. Likewise owing to emerging automobile industry in Mexico the demand for electronic braking system is increasing steadily.

The modest growth in the production and demand for electric and hybrid vehicles in Western Europe is driving the sales of electronic braking systems in the region. The contribution of Asia Pacific market to the global automotive electronic braking system is highest in terms of both production and demand. India and China are major automotive braking system markets in the region therefore are expected to register double digit growth during the forecast period.

The thriving automotive industry of Asia Pacific is expected to create significant opportunities for international and regional players. The evolving electric car market scenario in Japan is expected to create a sustainable demand for automotive electronic braking system and is expected to significantly contribute to the global market. OEM and aftermarket demand for automotive electronic braking systems in GCC Countries in Middle East and Africa is expected to boost the market in the region.

Key Players

Some of the key players identified in the automotive electronic braking systems market are Robert Bosch GmbH, Knorr Bremse AG, Haldex, ZF TRW, Continental AG, and Advics Group among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (Turkey, South Africa) 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

To know more about delivery timeline for this report Contact Sales