DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automotive Electronic Brake System Market 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the benefits of electronic brake systems. The Global Automotive Electronic Brake System market has also been witnessing the emergence of next-generation electronic brake systems. However, higher cost decrease investment in electronic brake systems could pose a challenge to the growth of this market.
The key vendors dominating this market space are Advics Co. Ltd., Continental AG, Robert Bosch GmbH, and TRW Automotive Holdings Corp.
The other vendors mentioned in the report are Hyundai Mobis Co., Ltd., Brembo S.P.A, Knorr-Bremse AG, and Meritor Wabco Vehicle Control Systems.
Commenting on the report, an analyst from TechNavio's Automotive team said: ''The pace of vehicle production and sales across the globe has important implications for the growth of the Global Automotive Electronic Brake Systems market. Automobile production will largely be observed in the Asian and European countries. For instance, it is estimated that automobile ownership in China will exceed 200 million by 2020. Due to the increase in automobile production and the demand in the emerging countries, the demand for EBS is expected to increase steadily in the coming years. New models are also expected to be launched in different segments with higher technology content, thereby driving the demand for EBS.''
According to the report, the growth of the Global Automotive Electronic Brake Systems market is driven by several factors. The increase in government regulations is one of the major growth drivers in the market. The government regulations aimed at making vehicle fleet safer and more environmentally friendly, which is increasing the number of EBS on premium level and economy level vehicles.
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