According to new report published by Lucintel, the technologies in the automotive brake have undergone significant changes in recent years, from conventional brakes to electronic brake system technologies. The rising wave of new technologies, such as electronic stability control coupled with anti lock braking system and traction control systems are creating significant potential for automotive brake due to the growing demand for safety systems to avoid accidents and increasing automotive production.
In the automotive brake market, various technologies, such as anti-lock braking system (ABS), traction control system (TCS), and electronic stability control (ESC) are used in passenger cars, light commercial vehicle, heavy commercial vehicle, and two-wheeler applications. Increasing demand for road safety regulations, technological advancement in brake systems, and increase in automotive production are creating new opportunities for automotive brake technologies.
Lucintel, a leading global Management Consulting and market research firm with over 1,000 clients worldwide, has analyzed the technologies used in the automotive brake market and has now published a comprehensive research report titled “Technology Trends and Opportunities in the Global Automotive Brake Market 2021-2027”. This report analyzes technology maturity, degree of disruption, competitive intensity, market potential and other parameters of various technologies in the automotive brake market.
The Lucintel study finds that the total market size of the automotive brake market is anticipated to be $36 billion in 2027 and is forecast to grow at 5% during next five years. Electronic stability control technology is the largest segment of the automotive brake market, due to mandatory regulations in many countries for adopting ESC in all the vehicles and its affordability that makes it more usable.
Emerging technology trends, which have a direct impact on the dynamics of the industry, include integration of different technologies in one system and brake-by-wire systems. Continental AG, Robert Bosch GmbH, Advics Co. LTD, Mando, ZF Friedrichshafen, and Akebono are among the major technology providers in the automotive brake market.
The Lucintel report serves as a catalyst for growth as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecasts for the global automotive brake technology by application, technology, and region as follows:
Technology Readiness by Technology
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology
Trends and Forecasts by Technology Type [Value ($M) shipment analysis from 2016 to 2027]:
Anti-Lock Braking System
Traction Control System
Electronic Stability Control
Others
Trends and Forecasts by Application [Value ($M) shipment analysis from 2016 to 2027]:
Anti-Lock Braking System (ABS)
Traction Control System (TCS)
Electronic Stability Control (ESC)
Others
− Anti-Lock Braking System (ABS)
− Traction Control System (TCS)
− Electronic Stability Control (ESC)
− Others
Anti-Lock Braking System (ABS)
− Traction Control System (TCS)
− Electronic Stability Control (ESC)
− Others
Two-Wheeler Motor Vehicles
Anti-Lock Braking System (ABS)
− Traction Control System (TCS)
− Electronic Stability Control (ESC)
− Others
Trend and Forecast by Region [Value ($M) shipment analysis for 2016 – 2027]:
United States
Canada
Mexico
Germany
France
United Kingdom
China
Japan
India
South Korea
Latest Developments and Innovations in the Automotive brake Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
This 128-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.