DUBLIN, Dec 6, 2018 /PRNewswire/ --
The "Global Automotive Braking System ECU Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The global automotive braking system ECU market is forecast to grow at a CAGR of 7.25% during the period 2019-2023.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing market share of premium and luxury vehicles driving advanced braking system. The global automotive market is witnessing growing demand for premium and luxury passenger vehicles. Sales of such vehicles are going up, driven by factors such as improving socio-economic conditions in emerging economies and steady demand from developed economies among others.
According to the report, one driver in the market is improved braking performance and brake effectiveness with integration of ECUs. An automotive braking system forms an integral part of a vehicle and also serves as the key safety parameter. The global automotive industry has witnessed a shift from mechanical braking systems to hydraulic, electro-hydraulic, and all-electric braking systems.
Further, the report states that one challenge in the market is ECUs are expensive and add to overall cost of vehicle. ECUs now form an integral part of most automotive systems and involve electronics. Most vehicles produced today have an onboard computer-based electronic architecture in braking systems. This electrical architecture is complex and uses multiple algorithms, which increases a vehicle's cost.
Key Vendors
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/research/cbrb5n/global_automotive?w=5
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SOURCE Research and Markets
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