|
|
(Transportation-News.com, March 06, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Electronic Braking System (EBS) Market is progressively growing at an excellent CAGR of 5.3% in the forecasted period.
The research studies Automotive Electronic Braking System (EBS) Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under five segments 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
The study finds –
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.
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.
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.
Click here to read the detailed description: https://www.stratviewresearch.com/130/automotive-electronic-braking-system-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/130/automotive-electronic-braking-system-market.html
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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
