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Automotive Electronic Braking System (EBS) Market By Product Type (Electronic Stability Control, Adaptive Cruise Control, Anti-lock Braking System, Differential Slip Control) By Sales Channel (OEM, Aftermarket) By Vehicle Type (Passenger Cars, Commercial Vehicles) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

Key Highlights of the report

How are the major segments performing in the Automotive Electronic Braking System (EBS) market?

  • In 2021, the passenger car is anticipated to continue dominating the global automotive electronic braking system market.
  • Due to the disc brake's advantages over drum brakes, including dependability, heat dissipation, and shorter stopping distance, it is anticipated that it will maintain i leading position in the market during the projection period.

Which region dominated the automotive electronic braking system market?

During the projection period, Asia-Pacific is anticipated to continue to be the world's largest market for electronic braking systems. The Asia-Pacific area is expanding due to rising EBS adoption in China and India and rising auto production. Over the following five years, this area is likewise predicted to experience the most growth. North America's automotive EBS market is anticipated to develop at the second-fastest rate during that time due to rising auto production and a persistent switch from the ABS to the ESC system.

How US Market is Performing in the automotive electronic braking system market?

Due to its anticipated expansion in truck and bus manufacturing volume and the growing use of vehicle safety and efficiency technology, the US continues to be a long-term growth market for automotive electronic braking systems. Due to a number of variables, including its sizable and aging light vehicle park and the higher average number of miles driven per light vehicle, the US automobile electronic brake system market has grown. Legislative regulation and improvements in USUS mostly drive the market for automobile electronic brake systems.

What is the competitive environment of the automotive electronic braking system market?

The presence of various regional and local providers characterizes the worldwide automotive electronic brake system market. The regional market is extremely cutthroat, with each competitor vying for a larger portion of the market. Cost, product quality, dependability, and aftermarket services are the criteria on which the vendors compete. Therefore, suppliers must offer affordable and effective items to thrive and survive in a cutthroat market environment.

REPORT ATTRIBUTE DETAILS

Automotive Electronic Braking System (EBS) Market by Volume

Yes

Market by Value

Yes

Market, Tornado Analysis

Yes

Market, STAR Analysis

Yes

Market, SRC Analysis

Yes

Market, Import-Export Data

Yes (On Demand)

Market Pricing Analysis

Yes (On Demand)

Market Segment Analysis

By Type (Electronic Stability Control, Adaptive Cruise Control, Anti-lock Braking System, Differential Slip Control and Traction Control System)

By Sales Channel (OEM and Aftermarket)

By Vehicle Type (Passenger Cars and Commercial Vehicles)

Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Market Key Companies

Navteq, CTS Corporation, Delphi Automotive LLP, Visteon Corporation, Ficosa International SASA, Freescale Semiconductor, Valeo SASA, Denso, Bendix CVS, and Gentex

Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Executive Summary

What are the key trends in the Automotive Electronic Braking System market?

  • In 2021, the most widely used technology is electronic stability control systems, which automatically use computer control to brake individual wheels to help the driver maintain control of the vehicle in difficult driving scenarios.
  • In 2021, the control unit will be the most important component of the car's electronic braking system, making it the biggest category.

What is the market scenario in Automotive Electronic Braking System Market?

Through the electronic control unit, a car's electronic brake system makes driving and overall braking possible. The sensors, control units, actuators, and other parts that make up a car's electronic brake system produce an effective braking mechanism. Automotive electronic braking systems are becoming increasingly popular with OEM and aftermarket brand owners due to their capacity to offer effective brake control and high-end automation. The automobile electronic brake system market's projected growth is astounding given the continent-wide record-high demand for high-end safety vehicles.

Which are the key investments by the automotive electronic braking system market players?

Major automotive electronic braking system market insights can be analysed through key investments by major players. Continental will create clever automated driving technologies in June 2022. The automotive industry makes advantage of this intelligent solution. To provide the fourth generation Electronic Brake System (EBS) platform for trailers, Haldex and KRONE Commercial Vehicle Group, a leading trailer manufacturer, struck a long-term partnership in March 2022. Advice introduced a brand of ultra-premium brake fluids in February 2022. It comprises formulations for disc, drum, and ABS systems that are DOT 3 and DOT 4 LV. These are both US-made, ultra-premium synthetic formulas.

Some major players in the automotive electronic braking system market are Navteq, CTS Corporation, Delphi Automotive LLP, Visteon Corporation, Ficosa International SASA, Freescale Semiconductor, Valeo SASA, Denso, Bendix CVS, and Gentex.

What are the Major Driving Factors for the Automotive Electronic Braking System Market Growth?

Manufacturers of automotive electronic brake systems now have the potential to enter the aftermarket market, particularly for older vehicles, to meet industry standards for vehicle safety due to the rise in the average vehicle age. Due to the rigorous requirements that require electronic brake systems to be installed in new vehicles, new vehicle owners and consumers have the highest loyalty toward authorized service shops. Many car owners are influenced by dependability, quality, and warranty considerations when choosing approved repair facilities to replace automotive electronic braking system components. However, owners of used and older cars opt to employ the goods and services provided by major aftermarket companies. There have been certain recent developments in the aftermarket car electronic brake system servicing. Within the aftermarket supply chain, several manufacturers are assuming significant positions. In order to compete with independent automobile electronic braking system manufacturers for customers, they have been capitalizing on automotive electronic braking system analmarket trends by supplying second service formats or remanufactured electronic brake components. Thus, the presence of more independent aftermarket service providers would spur more R&D efforts and boost the output of effective and long-lasting automobile electronic brake systems. As a result, the market for automotive electronic brake systems will grow globally throughout the forecast period.

What are the Major Risks for the Automotive Electronic Braking System Market?

Because electronic brake components are expensive, a car's electronic braking system often costs more than a conventional one. The component and technology are crucial in the production of vehicle electronic brake systems. One of the vehicle's most expensive electronic braking system features is the components, which include sensors, actuators, control units, and others. Additionally, the effectiveness of the car's electronic brake system is directly impacted by the quality of the parts. Additionally, the technology employed in a car's electronic brake system is pricey because the electronic brake must be able to withstand enormous pressure in order for the vehicle to be useful for automotive drivers. As a result, the market for vehicle electronic brake systems will remain the same due to the high cost of electronic brake systems.

Which is the key sales channel in the automotive electronic braking system market?

According to the sales channel, the global market for automotive electronic brake systems is segmented into OEM and aftermarket. During the projection period, the OEM sector is anticipated to grow fastest and hold the automotive electronic braking system market share. At the same time, assembling the car, OEMs purchase and install automotive parts and components. Major component makers spend money on research and development to provide cutting-edge modules and components and improve already-existing automotive technologies.

How is the automotive electronic braking system market performing in regions?

Asia-Pacific controls a sizeable portion of the market. The Asia-Pacific automotive electronic brake system market is driven by the ongoing need for sophisticated braking systems and increasing vehicle production. Additionally, the demand for automobile electronic brake systems in the Asia-Pacific region has been significantly impacted by the growing number of legislative demands for improving vehicle safety. Because manufacturers in this region can offer significant cost reductions due to the availability of cheap labor and raw materials, Asia-Pacific is predicted to experience the biggest growth. Additionally, the region includes nations like India, Japan, China, and others that produce a sizable portion of all vehicles produced worldwide. Due to stricter driving regulations and improved vehicle safety, the market for automotive electronic brake systems in China is also anticipated to expand rapidly over the next few years. The market for vehicle electronic brake systems is anticipated to rise due to increased road safety regulations and partnerships between large corporations.

automotive-electronic-braking-system-ebs-market

What is the supply chain overview for the automotive electronic braking system market analysis?

The dimensions, technology, working circumstances, vehicle type, and applications are examined to design and develop the automobile electronic braking system successfully. The application of the design standards, product, and unique vehicle needs are considered while choosing the electronic braking system's design, components, material type, size, and shape during the research stage. At this step, suppliers provide the appropriate component to the producers of vehicle braking systems. Sensors, actuators, control units, and other components are needed to make vehicle electronic brake systems. When choosing these components, the friction resistance, corrosion resistance, material strength, and end-use application of the automobile electronic braking system are considered. After the production process, the final vehicle electronic braking system is provided to numerous aftermarket suppliers and individuals through various distributors and suppliers, such as independent dealers, business dealers, and retailers. The automobile OEMs and aftermarket buyers are the electronic brake system's final users. In most cases, the car OEM firms get their electronic brake systems straight from the producers. Aftermarket buyers purchase the car's electronic brake system from licensed dealers.

What is the Automotive Electronic Braking System Market Size in value?

The global automotive electronic braking system market is anticipated to grow at a substantial CAGR of 5.5% in the upcoming years. The global automotive electronic braking system industry was estimated to be worth USD 729.6 million in 2021 and was expected to be worth USD 1006.1 million by 2028.

What are the major players planning for the future of the automotive electronic braking system market?

Luxury car makers aim to include safety features that will give passengers more comfort and a safer trip. The global automotive electronic brake system market is anticipated to be stimulated by the rising demand for electric vehicles and the increased concern over environmental pollution. In keeping with this, the electronic braking system is a cutting-edge invention that aids the vehicle's weight reduction goal.

Segmentation of Global Automotive Electronic Braking System Market-

Global Automotive Electronic Braking System Market – By Product Type

  • Electronic Stability Control
  • Adaptive Cruise Control
  • Anti-lock Braking System
  • Differential Slip Control
  • Traction Control System

Global Automotive Electronic Braking System Market – By Sales Channel

  • OEM
  • Aftermarket

Global Automotive Electronic Braking System Market – By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Global Automotive Electronic Braking System Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global automotive electronic braking system market.

The worldwide automotive electronic braking system market will experience slow growth over the forecast period due to the pandemic's severe spread.

Asia Pacific is the dominant market.

Increasing production of automobiles in the Asia Pacific region and increasing demand for safety systems to drive the automotive electronic braking system market.

The electronic stability control segment had a major global market share in 2021.

The OEM segment had a major share in the global market.

Automotive Electronic Braking System (EBS) Market Scope

Report Attribute Details
Market Value in 2021 USD 729.6 million
Market Value in 2028 USD 1006.1 million
CAGR 5.5%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Dec 2022
Category:  Automotive & Transportation
Report ID:   60862
Report Format:   PDF
Pages:   180
Rating:    4.7 (40)
Delivery Time: 24 Hours to 48 Hours   
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