The global automotive electronic braking system (EBS) market in 2019 is approximately USD 20,300 Million and is anticipated to reach around USD 30,000.0 Million by 2026. The anticipated CAGR for the automotive electronic braking system (EBS)market is around 6.0% from 2020 to 2026.
Automotive electronic braking systems (EBS) include the ABS anti-lock braking system and the elements of the ASR traction control system. EBS system stimulates components of the braking system electronically to minimize braking distance, boost braking comfort, enhance vehicle safety, etc. EBS also reduces brake wear. It provides anti-lock braking, differential slip control (DSR), electronic stability control (ESC).
The growing automotive sector and increasing adoption of advanced technology across the globe is a major factor driving the growth of the global automotive electronic braking system (EBS) market. Also, the growing need for stringent government norms associated with CO2 emissions is expected to fuel the growth of the global market in the near future. Increasing penetration of EBS in emerging economies such as China and India is estimated to boost target market growth in the near future.
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The automotive electronic braking system (EBS) market is segmented based on Product and Application. On the basis of product segmentation, the market is classified as disc brake, drum brake. The disc brake segment held a dominating share in 2018 and is expected to experience substantial growth over the forecasted period. In terms of Application segmentation, the market is bifurcated into a passenger cars, commercial vehicles.
Based upon the region the global automotive electronic braking system (EBS)market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East, and Africa. The Asia Pacific is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2019-2026. The market in North America is expected to hold the second-largest share over the forecast period. Europe is estimated to grow at significant CAGR in the target market in the near future. This is attributed to technological development in the automotive sector of the region.
The key players operating in the global automotive electronic braking system (EBS)market include Bendix Commercial Vehicle Systems, Delphi Technologies, Valeo SA, Magna International Inc., Mando, Robert Bosch GMBH, Autoliv Inc., BREMBO, WABCO, and AISIN SEIKI Co., Ltd.Companies operating in the target market are focusing on the development of more advanced products in order to get a competitive edge in the global market.Also, strategic partnerships among companies in the target market are creating opportunities in the target market. For instance, in April 2018, KYB Corporation acquires a 100% share of Mando Corporation held in joint venture KYB-Mando do BrasilFabricante de Autopeças S.A.
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This report segments the automotive electronic braking system (EBS) market as follows:
Global Automotive Electronic Braking System (EBS) Market: By Product Segmentation Analysis
- Disc Brake
- Drum Brake
Global Automotive Electronic Braking System (EBS) Market: By Application Segmentation Analysis
- Passenger Car
- Commercial Vehicle
Global Automotive Electronic Braking System (EBS) Market: Regional Segment Analysis
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
Browse the full “Automotive Electronic Braking System (EBS) Market By Product (Disc Brake, Drum Brake) and By Application (Passenger Car, Commercial Vehicle): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026″ report at www.fnfresearch.com/automotive-electronic-braking-system-ebs-market-by-product
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