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Automotive Electronic Brake System Market Projected to Hit

#Automotive #Electronic #Brake #System #Market #Projected #Hit

New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR),”Automotive Electronic Brake System Market Research Report By Components, Technology, Sales Channel, Vehicle Type: Forecast 2022-2030″, the global market will reach USD 41,930.2 million at a 6.4% CAGR by 2030.

Automotive Electronic Brake System Market Analysis 

The growing electrification of automobiles is significantly driving the growth of the automotive electronic brake system market. Electronic components used in modern automobiles have been shown to improve operational efficiency, manage emissions, and reduce overall weight. The car industry’s electrification has improved driving technologies, fuel systems, brake systems, and safety systems.

Preference for Automotive EBS over Others to offer Robust Opportunities 

Automotive EBS is favored over alternative braking systems principally due to the enhanced benefits of concurrent operation of Antilock Braking System, Anti-Slip Reduction, load sensing system, and others. This will offer robust opportunities for the market over the forecast period.

Key Players 

Eminent industry players profiled in the automotive electronic brake system market report include,

  • Advics (OH)
  • Küster (Germany)
  • Continental AG (Germany)
  • Haldex (Sweden)
  • Knorr Bremse AG (Germany)
  • Robert Bosch GmbH (Germany)
  • ZF Friedrichshafen AG (Germany)
  • Halla Mando (South Korea)
  • Akebono Brake Industry Co. Ltd (Japan)
  • and Brembo (Italy).

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https://www.marketresearchfuture.com/sample_request/6909

Restraints 

High Development Cost to act as Market Restraint 

The high development price of electronic brake systems coupled with a fall in automotive production owing to the severe COVID-19 epidemic across the globe may act as market restraints over the forecast period.

Challenges 

High Maintenance Cost of Automotive EBS to act as Market…

Read on GNW: Automotive Electronic Brake System Market Projected to Hit

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