According to the research report titled ‘Global Automotive Electronic Brake System Market Size study, by Vehicle Type (Passenger Vehicles, Commercial Vehicles), by Technology (Brake Assistance, Autonomous Emergency Braking, Electronic Stability Control, Anti-Lock Braking Systems), by Component (Sensors, Actuators, Control Units, Others), by Sales Channel (OEM, Aftermarket) and Regional Forecasts 2020-2027’, available with Market Study Report, global automotive electronic brake system market is projected to amass significant returns over 2020-2027.
 

Strict government regulations for passenger safety, emphasis on advancements to reduce weight and enhance vehicle efficiency, in tandem with growing production & sales of commercial vehicles & passenger cars are key factors boosting global automotive electronic brake system market.
 

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As per International Organization of Motor Vehicle Manufacturers, 24.6 million units of passenger vehicles were produced in Asia Pacific region in 2008, which increased to 43.4 million units in 2018.
 

It is to be noted that brakes play an important role in ensuring passenger safety and controlling vehicle motion, thus the adoption of electronic braking system (EBS) is necessary. The system works in coordination with other automotive parts like modulators, valves, signal transmitters etc. and activate the brakes on the driver’s behest.
 

Advancements in automotive braking systems have provided high-performance features and raised vehicle efficiency, thus boosting the industry share. Meanwhile, availability of local alternatives, and high cost of maintenance & installation are hindering global automotive electronic brake system market expansion.
 

Based on vehicle type, worldwide automotive electronic brake system market is divided into commercial vehicles, and passenger vehicles. Speaking of technology, the industry is bifurcated into brake assistance, electronic stability control, autonomous emergency braking, and anti-lock braking systems. According to component terrain, the market is classified into sensors, control units, actuators, and others. Moving on to sales channel, the marketplace is divided into OEM, and aftermarket.
 

Considering regional outlook, Asia Pacific held majority of global automotive electronic brake system industry share in the past year and is poised to growth significantly through 2027. Growing production of passenger vehicles and luxury cars, coupled with presence of leading companies in the region are responsible for this growth. Furthermore, increasing occurrence of accidents in India and China, and implementation of strict norms by governments which makes it mandatory to integrate automotive electronic brake systems are positively swaying the business dynamics.
 

Key players profiled in the report are Aptiv plc, Knorr-Bremse AG, Continental AG, ADVICS Co. Ltd., WABCO Holdings Inc., Haldex AB, ZF TRW Automotive Holdings Corp., Autoliv Inc., Denso Corporation, and Robert Bosch GmbH.