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(Transportation-News.com, December 27, 2018 )
Stratview Research has published a new research report on Automotive Electronic Braking System Market. This extensive report by Stratview Research analyses the growth of Automotive Electronic Braking System Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)- The passenger car is expected to remain the largest vehicle type.
• By Product Type (Disc Brake, Drum Brake)- The disc brake is expected to remain the most dominant type.
• By Technology Type (Electronic Stability Control, Adaptive Cruise Control, Anti-Lock Braking, Differential Slip Control, Traction Control)- ESC is projected to remain the most dominant EBS technology.
• By End User Type (OEM, Aftermarket)- OEM market is likely to remain the largest end-user type.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is estimated to remain the largest market for electronic braking system.
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Growing demand for advanced safety systems in vehicles
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.
ESC is projected to remain the most dominant EBS technology
The global automotive electronic braking system market is segmented based on technology type as electronic stability control (ESC), adaptive cruise control, anti-lock braking system (ABS), differential slip control, and traction control.
Top players in the market
Continental AG, Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive, Advics Group, Nissan Kogyo Co., Ltd., Mando Corporation, Autoliv Inc, Haldex AB, and Wabco Holdings Inc. are some of the major players in the global automotive EBS market. Long-term contracts with automakers and advancement in technology are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.
About Stratview Research
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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