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Electric Parking Brake Market Trends and Forecast

The future of the global electric parking brake market looks promising with opportunities in the sedan and SUV markets. The global electric parking brake market is expected to grow with a CAGR of 14.0% from 2025 to 2031. The major drivers for this market are the increasing demand for vehicle safety, the rising adoption of electric vehicles, and the growing focus on driver convenience.

• Lucintel forecasts that, within the type category, caliper integrated is expected to witness higher growth over the forecast period.
• Within the application category, SUV is expected to witness higher growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below.

Electric Parking Brake Market Trends and Forecast

Electric Parking Brake Market by Segment

Emerging Trends in the Electric Parking Brake Market

The electric parking brake market is also experiencing dramatic change, moving from an elementary convenience feature to a vital module integrated into sophisticated vehicle systems. All this is fueled by the intersection of technological innovation, mounting regulatory demands for safety, and the overall trends of vehicle electrification and autonomy. These new trends are not only making vehicles safer and more responsive but also providing new functionality and design freedom to automotive makers.
• Integration with Advanced Driver Assistance Systems: EPBs are now being integrated into more sophisticated driver assistance systems. Integration facilitates features like automatic emergency braking, adaptive cruise control with stop-and-go, and increased hill-hold assist. Through smooth communication with other ADAS units, EPBs help in overall vehicle safety and driver comfort, offering a smarter and more responsive braking system. This practice raises the EPB from an individual component to a key feature in active safety systems.
• Emergence of Caliper-Integrated EPB Systems: The market is witnessing a robust trend toward caliper-integrated EPB systems compared to the conventional cable-pull system. Caliper-integrated EPBs have some benefits, such as a smaller size, lighter weight, and fewer mechanical components, which result in a higher level of reliability and less assembly complexity. This configuration also enables more flexibility in vehicle interior design by doing away with a physical handbrake lever, thereby helping to achieve a cleaner and roomier cabin look, especially in new vehicle architectures.
• Growing Adoption in Electric and Hybrid Vehicles: The high-speed expansion of the electric vehicle (EV) and hybrid vehicle categories is having a major impact on the EPB market. EPBs are inherently well-designed for such vehicles because of their electronic character, with no mechanical linkage to pose any interference to electric powertrains and regenerative braking systems. In addition, EPBs enable sophisticated features such as "one-pedal driving" and automatic parking capabilities prevalent in EVs, which render them the go-to option for manufacturers that want to provide a high-tech and energy-efficient driving experience.
• Stronger Cybersecurity for EPB Systems: Since EPBs are controlled electronically, there is a growing tendency to incorporate effective cybersecurity measures to secure these systems against external breaches and unauthorized access. Maintaining the integrity and reliability of EPB software and communication protocols is critical for vehicle safety. Advanced encryption, secure boot processes, and over-the-air (OTA) updates are being invested in by manufacturers to patch vulnerabilities, securing the EPB functionality and preventing possible malicious tampering with critical braking systems.
• Emphasis on Lightweighting and Compact Design: Car makers are constantly seeking ways to trim vehicle weight to enhance fuel economy and lower emissions, and this trend applies to EPB systems as well. The emphasis is on making a lighter and more compact EPB design that takes up less space and makes a net contribution to the vehicle’s overall weight savings. This is achieved by employing advanced materials and maximizing component integration, which not only helps them comply with very stringent emissions standards but also gives vehicle designers greater design freedom.
These new trends are collectively transforming the electric parking brake market by pushing technological advancement and broadening its application across the automotive ecosystem. The convergence with ADAS is making vehicles safer, the transition to caliper-integrated systems is making them better looking and more reliable, the inherent compatibility with electric and hybrid cars is quickening adoption in an expanding segment, and the focus on cybersecurity is establishing confidence in electronic brake systems. Furthermore, lightweighting efforts align with broader industry goals for efficiency, making EPBs an increasingly sophisticated and indispensable component in modern vehicles.
Emerging Trends in the Electric Parking Brake Market

Recent Development in the Electric Parking Brake Market

The electric parking brake industry has seen significant recent developments, driven primarily by the widespread trend in the automotive sector towards sophisticated electronics, improved safety aspects, and vehicle automation. The developments are a sign of ongoing efforts towards enhancing user convenience, maximizing vehicle packaging, and making braking systems more harmonious with other onboard technologies so that they are part of the modern vehicle architecture evolution.
• Standardization of EPB Across Vehicle Segments: Another important recent trend is the growing standardization of Electric Parking Brakes across vehicle segments such as compact cars, mid-range sedans, and even light commercial vehicles, and not being limited to luxury or high-end models. This mass adoption is fueled by the benefits EPBs bring in space saving, better interior design, and compatibility with advanced safety features. The effect is a bigger addressable market for EPB makers and increasing consumer demand for this feature on all new vehicles.
• EPB Control Software and Algorithm Improvements: Recent updates involve considerable advancements in EPB control software and algorithms. These allow for more accurate and repeatable application of braking forces, smoother disengagement and engagement, as well as better integration into vehicle dynamics control systems. The latest algorithms can also enable features such as auto-hold functions and dynamic emergency braking. The result is a finer and more reliable user experience, which helps improve safety and convenience for motorists under different driving conditions.
• Growing Adoption in Autonomous Driving Systems: The Electric Parking Brake is playing a more and more vital role in the innovation and use of automated driving systems. With increasingly autonomous vehicles, the EPB offers a critical safeguard for safety, serving as an electronic emergency brake and enabling accurate vehicle immobilization in automated parking or emergency maneuvers. This innovation underscores the EPB’s vital role beyond driver operation, influencing the reliability and safety of new autonomous vehicle technologies.
• Scalable and Modular EPB Solutions: Manufacturers are also designing more modular and scalable EPB solutions that can be readily transferred to a variety of vehicle platforms and specifications. This trend streamlines the integration process for original equipment manufacturers (OEMs), lowers development expenses, and expedites time-to-market for new vehicle models. The effect is increased flexibility for automakers in vehicle designs and manufacturing processes, with more efficient deployment of EPB technology into their varied product offerings.
• Emphasis on Economic Production for Mass Market: Whereas in the early years, EPBs were viewed as a high-end feature, there has been a recent trend toward cost reduction to make EPBs affordable for mass-market vehicles. This is through streamlining manufacturing processes, taking advantage of economies of scale, and developing innovative component designs that lower the production cost. The effect is expanded affordability and accessibility of EPBs, further hastening penetration into lower and mid-segment vehicle segments, thus driving the overall market size and making the advanced safety feature accessible to more consumers.
These new advancements are individually influencing the electric parking brake market by cementing its position as a standard and necessary automobile component. Standardization by segments is propelling market volume, while innovation in control software is improving performance. The EPB’s essential function in automated driving systems highlights its future prominence, and the emphasis on modularity and price competitiveness is enabling wider uptake. Finally, these innovations are making EPBs more accessible, durable, and integrated, largely transforming the automotive braking scene towards more electronic control and safety.

Strategic Growth Opportunities in the Electric Parking Brake Market

The electric parking brake market is offering many strategic growth opportunities in a range of vehicle applications, supported by continued automotive innovation, changing consumer expectations, and high safety standards. These opportunities are based on the EPB’s potential to provide enhanced safety, comfort, and integration potential compared to the conventional mechanical parking brake, positioning it as a very attractive component in new vehicle design.
• Passenger Cars: Passenger cars, specifically the fast-growing SUV and sedan market, are a significant strategic growth opportunity. Customers in these segments are increasingly looking for premium features, added safety, and clean interior design, all of which EPBs provide. The room gained by removing the handbrake lever enables more practical cabin configurations, and functions such as auto-hold and hill-start assist provide meaningful convenience. The manufacturers are actively incorporating EPBs in new models to address such changing consumer tastes and regulatory requirements.
• Hybrid Vehicles and Electric Vehicles: The rapidly increasing worldwide uptake of electric cars and hybrid cars provides a vast strategic growth prospect for EPBs. The electronic design of EPBs inherently supports electric powertrains as well as regenerative braking systems, promoting easy integration. Additionally, EPBs enable advanced features prevalent in EVs, including one-pedal driving capability and high-level parking assistance systems. With EV manufacturing continuing to grow, demand for integrated and effective EPB solutions will also increase in unison.
• Light and Heavy-Duty Commercial Vehicles: The light commercial vehicle (LCV) and heavy commercial vehicle (HCV) segments, a part of the commercial vehicle space, are becoming an important strategic growth area. Both EPBs provide greater safety, particularly for heavy vehicles on a slope, and lower driver fatigue under stop-and-go urban delivery conditions. Conformity with fleet management systems and advanced driver assistance capabilities is another major advantage. With fleet operators placing emphasis on safety, efficiency, and driver comfort, the use of EPBs in commercial vehicles is likely to gain speed.
• Aftermarket Replacement and Upgrade: Outside the original equipment manufacturer (OEM), the EPB replacement and upgrade aftermarket is an expanding strategic potential. With the installed base of EPB-equipped vehicles growing, there will be a steady need for replacement actuators, electronic control units (ECUs), and switches due to wear or failure. In addition, some of the earlier vehicle models with conventional parking brakes will witness aftermarket upgrade options developing in response to consumer demand for newer features and greater convenience.
• Compatibility with Autonomous Drive Technology: The strategic long-term growth potential of EPBs is in their irreplaceable function as part of autonomous driving technology. As cars continue to develop towards increased levels of autonomy, the EPB will be an essential safety backup that will allow for pinpoint immobilization of the vehicle in all automatic situations, such as emergency braking and parking automation. Its electronic control makes it perfectly compatible with autonomous software, so it will be a key building block for making future autonomous fleets safe and reliable.
These strategic growth prospects are substantially affecting the electric parking brake market by fostering innovation and deepening its penetration within the automotive sector. Passenger vehicle focus, particularly in SUVs and EVs, guarantees instant market growth, while the growing uptake in commercial vehicles indicates a wider usefulness. The emerging aftermarket offers consistent revenue streams, and the pivotal role in autonomous driving makes EPBs a future-proof technology, together making the market’s growth and technology enhancement accelerate.

Electric Parking Brake Market Driver and Challenges

The electric parking brake market is driven by a dynamic interplay of technological innovation, economic factors, and regulatory change. While safety, convenience, and integration with advanced vehicle systems are obvious drivers of growth for EPBs, the market also faces challenges around cost, complexity, and consumer attitudes. Analyzing these complex factors is key for stakeholders to successfully navigate the market and take advantage of new opportunities.
The factors responsible for driving the electric parking brake market include:
1. Increased Safety Features: One major force driving the EPB market is the vast improvement in vehicle safety. EPBs provide automatic engagement on sloping roads, roll-back prevention, and can be combined with emergency braking systems, giving a more secure stop during crisis conditions. EPBs remove the risk of partial manual engagement, which is a frequent source of accidents. This strong safety record also combined with heightened global safety standards, drives automakers to feature EPBs as a standard element, fueling demand in the market.
2. Greater Convenience and Comfort: EPBs offer unmatched convenience and comfort to drivers. The easy push-button actuation eliminates the old hand lever, saving interior space and simplifying parking, particularly during stop-and-go conditions with auto-hold capabilities. This ease improves the driving experience, which is consistent with consumer demand for sleek and intuitive vehicle interfaces. Ergonomic benefits and seamless integration into contemporary dashboards are strong drivers for adoption.
3. Aesthetics and Design Freedom for the Interior: The removal of the cumbersome mechanical handbrake lever provides more design freedom in vehicle interior design. Car manufacturers can develop cleaner, roomier, and more contemporary center console designs, with larger storage bins or more advanced infotainment controls. This functional and visual benefit is a strong motivator, especially in the competitive passenger car market where interior styling is an important factor in consumer buying decisions.
4. Coordination with Vehicle Electrification Trends: The worldwide trend towards hybrid and electric cars is a key driver of EPB market growth. EPBs are electronic brake systems that naturally incorporate into EVs’ electronic architectures, including their regenerative braking. They enable sophisticated features native to electric propulsion, like high-precision vehicle holding for charging the batteries or auto parking. The native electronic compatibility makes EPBs a natural choice for the growing market in electrified vehicles.
5. Advancements in Advanced Driver-Assistance Systems: The ongoing development of ADAS, such as adaptive cruise control, automatic parking assistance, and traffic jam assist, is widely fueling EPB adoption. EPBs play a vital role in the operation of these systems, allowing for accurate and reliable immobilization of the vehicle. With emerging ADAS features being increasingly implemented across vehicles, the need for EPBs as an embedded element that enables such automated functions will increase further.
Challenges in the electric parking brake market are:
1. Increased Manufacturing and Repair Prices: A major concern facing the EPB market is the increased cost of manufacturing over conventional mechanical parking brakes. The electronic hardware, actuators, and sophisticated control units increase production costs. In addition, EPB system repair and servicing frequently call for expert diagnosis with specialized tools, thus incurring greater service costs to the consumer. This cost difference can be an obstacle, especially for price-conscious vehicle segments and after-sales markets.
2. System Complexity and Likelihood of Malfunctions: The electronic and mechatronic sophistication of EPB systems may be a challenge. Generally dependable, the use of a host of sensors, an electronic control unit, and electric motors brings with it potential failure points absent in less sophisticated mechanical systems. Diagnosis and repair may be more complex, and software failures or sensor faults could cause unwary behavior, reducing consumer confidence and necessitating sophisticated diagnostic equipment and training for technicians.
3. Reliability Concerns in Extreme Conditions: While contemporary EPBs are intended to function over a broad range of conditions, dependability in extreme environments or high-temperature conditions is still a challenge. Extremely cold weather, for example, could impact actuator operation or battery life, which could potentially compromise the responsiveness of the system. For complete consistency and reliable function under all potential environmental stressors, intense testing and sophisticated engineering must be applied, increasing development costs and representing an obstacle to universal use without region-specific modifications.
In summary, the electric parking brake market is witnessing vigorous growth, chiefly spurred on by its extensive contributions to the safety of vehicles, increased driver convenience, and enhanced interior design. EPBs’ complete integration with the exploding electric vehicle market and sophisticated driver-assistance systems only strengthens their critical positioning within contemporary automotive development. But this expansion is balanced against specific challenges: the increased manufacture and repair costs of advanced electronic systems may be a threshold, especially in price-sensitive markets. Additionally, the fundamental complexity of EPBs carries the risk of reliability issues and necessitates expert maintenance, and executing uniform performance in every extreme operating condition is an ongoing engineering challenge.

List of Electric Parking Brake Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric parking brake companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric parking brake companies profiled in this report include-
• ZF
• Continental
• Chassis Brakes International
• Küster
• Aisin
• Mando
• Hyundai Mobis
• Zhejiang Libang Hexin
• Wuhu Bethel Automotive
• Advics

Electric Parking Brake Market by Segment

The study includes a forecast for the global electric parking brake market by type, application, and region.

Electric Parking Brake Market by Type [Value from 2019 to 2031]:


• Caliper Integrated
• Cable Puller

Electric Parking Brake Market by Application [Value from 2019 to 2031]:


• Sedans
• SUVs
• Others

Electric Parking Brake Market by Region [Value from 2019 to 2031]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Electric Parking Brake Market

The electric parking brake market is also experiencing considerable growth worldwide, fueled by the growing need for improved safety, convenience, and advanced features in contemporary vehicles. With the automotive sector transitioning towards electrification and advanced driver-assistance systems (ADAS), EPBs are increasingly being adopted as a standard fitment owing to their ease of integration capabilities and compact design. This technological development is not only changing the interiors of vehicles but is also adding to overall driving efficiency and safety, touching both passenger and commercial vehicle sectors in the big markets globally.
• United States: In the United States, the market for EPBs is growing strongly, spurred on by strict safety regulations and high consumer demand for advanced automotive technologies. Recent trends involve the widespread use of EPBs in new crossover and SUV models, with more than 49% of new vehicles in these classes now equipped with them. The trend towards commercial vehicle fleets switching to electronic systems in order to comply with contemporary safety standards has also pushed EPB adoption in this segment up by 28%.
• China: China is one of the world’s largest drivers of the EPB market, driven by fast growth facilitated by its dominance in the motor vehicle manufacturing and EV manufacturing industries. Recent trends show that 53% of Chinese EVs are now equipped with electronic braking systems, an indication of strong government support for electric and hybrid vehicles. China’s rapid urbanization and rising disposable incomes are driving higher car sales and increased demand for sophisticated safety and convenience features, further fueling EPB integration.
• Germany: Germany, a prominent market in the European automotive sector, dominates the EPB market with strict automotive safety regulations and high penetration of premium car manufacturers. More than 61% of all vehicles produced in Germany, France, and the UK are now equipped with EPB systems as a standard feature. Key recent trends involve hefty investments by giants such as Continental and ZF in creating high-end EPB systems, frequently coupled with advanced electronic stability control (ESC) systems, indicating an emphasis on state-of-the-art braking technologies.
• India: The Indian Electric Parking Brake market is also seeing high growth, driven largely by growing demand for safe mobility solutions in urban areas and greater adoption of sophisticated vehicle features. Integration of EPB systems has increased by 27% in India, fueled by the fast-growing automotive sector and a rapidly expanding middle class with a clamor for state-of-the-art safety features. Government campaigns for increasing road safety and implementing more stringent automobile norms are also adding to this rising trend.
• Japan: The Japanese EPB market is marked by technological enhancement and consolidation, especially in its robust domestic car industry. Recent trends involve Japanese automakers such as Aisin and Denso investing in sophisticated EPB actuator packages and systems that accentuate accuracy and dependability. The market is driven by the widespread adoption of EPBs in new passenger cars, especially as part of general initiatives to improve vehicle safety and convenience for drivers in conventional and hybrid/electric vehicles.
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Features of the Global Electric Parking Brake Market

Market Size Estimates: Electric parking brake market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Electric parking brake market size by type, application, and region in terms of value ($B).
Regional Analysis: Electric parking brake market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the electric parking brake market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric parking brake market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Lucintel Consulting Services

FAQ

Q1. What is the growth forecast for electric parking brake market?
Answer: The global electric parking brake market is expected to grow with a CAGR of 14.0% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the electric parking brake market?
Answer: The major drivers for this market are the increasing demand for vehicle safety, the rising adoption of electric vehicles, and the growing focus on driver convenience.
Q3. What are the major segments for electric parking brake market?
Answer: The future of the electric parking brake market looks promising with opportunities in the sedan and SUV markets.
Q4. Who are the key electric parking brake market companies?
Answer: Some of the key electric parking brake companies are as follows:
• ZF
• Continental
• Chassis Brakes International
• Küster
• Aisin
• Mando
• Hyundai Mobis
• Zhejiang Libang Hexin
• Wuhu Bethel Automotive
• Advics
Q5. Which electric parking brake market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, caliper integrated is expected to witness higher growth over the forecast period.
Q6. In electric parking brake market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the electric parking brake market by type (caliper integrated and cable puller), application (sedans, SUVs, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Electric Parking Brake Market, Electric Parking Brake Market Size, Electric Parking Brake Market Growth, Electric Parking Brake Market Analysis, Electric Parking Brake Market Report, Electric Parking Brake Market Share, Electric Parking Brake Market Trends, Electric Parking Brake Market Forecast, Electric Parking Brake Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
                                                            Table of Contents

            1. Executive Summary

            2. Global Electric Parking Brake Market : Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2019 to 2031
                        3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
                        3.2. Global Electric Parking Brake Market Trends (2019-2024) and Forecast (2025-2031)
                        3.3: Global Electric Parking Brake Market by Type
                                    3.3.1: Caliper Integrated
                                    3.3.2: Cable Puller
                        3.4: Global Electric Parking Brake Market by Application
                                    3.4.1: Sedans
                                    3.4.2: SUVs
                                    3.4.3: Others

            4. Market Trends and Forecast Analysis by Region from 2019 to 2031
                        4.1: Global Electric Parking Brake Market by Region
                        4.2: North American Electric Parking Brake Market
                                    4.2.1: North American Market by Type: Caliper Integrated and Cable Puller
                                    4.2.2: North American Market by Application: Sedans, SUVs, and Others
                        4.3: European Electric Parking Brake Market
                                    4.3.1: European Market by Type: Caliper Integrated and Cable Puller
                                    4.3.2: European Market by Application: Sedans, SUVs, and Others
                        4.4: APAC Electric Parking Brake Market
                                    4.4.1: APAC Market by Type: Caliper Integrated and Cable Puller
                                    4.4.2: APAC Market by Application: Sedans, SUVs, and Others
                        4.5: ROW Electric Parking Brake Market
                                    4.5.1: ROW Market by Type: Caliper Integrated and Cable Puller
                                    4.5.2: ROW Market by Application: Sedans, SUVs, and Others

            5. Competitor Analysis
                        5.1: Product Portfolio Analysis
                        5.2: Operational Integration
                        5.3: Porter’s Five Forces Analysis

            6. Growth Opportunities and Strategic Analysis
                        6.1: Growth Opportunity Analysis
                                    6.1.1: Growth Opportunities for the Global Electric Parking Brake Market by Type
                                    6.1.2: Growth Opportunities for the Global Electric Parking Brake Market by Application
                                    6.1.3: Growth Opportunities for the Global Electric Parking Brake Market by Region
                        6.2: Emerging Trends in the Global Electric Parking Brake Market
                        6.3: Strategic Analysis
                                    6.3.1: New Product Development
                                    6.3.2: Capacity Expansion of the Global Electric Parking Brake Market
                                    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Parking Brake Market
                                    6.3.4: Certification and Licensing

            7. Company Profiles of Leading Players
                        7.1: ZF
                        7.2: Continental
                        7.3: Chassis Brakes International
                        7.4: Küster
                        7.5: Aisin
                        7.6: Mando
                        7.7: Hyundai Mobis
                        7.8: Zhejiang Libang Hexin
                        7.9: Wuhu Bethel Automotive
                        7.10: Advics
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
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  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
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