Electronic Braking System (EBS) Market in the automotive industry is Likely to witness a healthy CAGR (compound annual growth rate) of 5.3% in 2022

Launching announcement of a new research report on Automotive Electronic Braking System (EBS) Market which is Likely to witness a healthy CAGR (compound annual growth rate) of 5.3% by 2022 - forecasted by Stratview Research. The study provides an in-depth analysis by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Product Type (Disc Brake and Drum Brake), by Technology Type (Electronic Stability Control, Adaptive Cruise Control, Anti-Lock Braking System, Differential Slip Control, and Traction Control), by End-User Type (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.

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Automotive Electronic Braking System (EBS) Market: Highlights
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.

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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.
Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW

Automotive, Advics Group, Nissan Kogyo Co., Ltd., Mando Corporation, Autoliv Inc, Haldex AB, and Wabco Holdings Inc. are some of the major players in the global automotive EBS market. Long-term contracts with automakers and advancement in technology are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.

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This release was published on openPR.