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Global Digital Utility Market
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Aluminum Castings Market Revenue - Analysis, Growth, Industry Size, Forecast and Business Overview 2023
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Market Segmentation Automotive Braking System Market. Use of electronic components has given way to the development of various technologies like Traction Control System (TCS), Antilock Braking System (ABS), Electronic Brake-Force Distribution (EBD) and Electronic Stability Control (ESC). With the high adoption rate of these advanced technologies along with rising popularity of vehicle safety among consumers can work in favor of the market in the years ahead. But, high cost of integration can retard the sale of advanced braking systems in the near future. However, the automotive brake systems market growth is definite in the coming years, given the growing stringency in vehicle safety norms. Additionally, automotive associations all over the world are striving to improve vehicle safety. Case in point, the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) along with Insurance Institute for Highway Safety (U.S.) as well as 20 renowned vehicle manufacturers in 2016 are planning to incorporate Automatic Emergency Braking (AEB) systems as a basic feature in every new car produced from September 2022. Surge in advanced ride-by-wire technology or electronically controlled braking system does not require hoses, pumps, fluids, belts, vacuum servos, and cylinders, with the use of electrical actuators and electronic sensors. Rising sales of electric and hybrid vehicles also boost demand for the brake-by-wire system, which is bound to offer a host of growth opportunities to various industry participants in the forthcoming years. The worldwide Automotive Braking System Market has been studied with respect to segments like brake type, brake system, and vehicle type. With regard to the brake type, the market is considered for disc brake and drum brake. Disc brake is projected to hold the largest share in the market during the review period, given the surge in safety regulations by various government bodies. The focus on increasing the stopping distance has resulted in the growth of the disc brake market. At present, the production of passenger cars is on the rise, which further stimulates the growth of the disc brake market. The types of brake systems are traction control system (TCS), Anti-lock braking system (ABS), Electronic stability control (ESC) and others. Traction control system (TCS) is expected to emerge as the largest market in the years to come, thanks to the advancing technology in braking systems. Government bodies are setting numerous regulations that promote the use of this type of braking system, to ensure safety of people. Depending on the vehicle type, the market caters to passenger cars and commercial vehicles. Passenger car is on its way to achieve the largest market during the evaluation period on account of surge in the production of passenger cars. Access Complete Report @ https://www.marketresearchfuture.com/reports/automotive-braking-system-market-4166
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Automotive Elastomers Market Revenue - Growth, Analysis, Applications, Share, Size, Demand and Outlook 2025
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Supercapacitor Energy Storage System market
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DRAM Market
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Driver Assistance System Market
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Electric Vehicle Motor Market Global Development, Demand, Growth Analysis, Key Findings and Forecast-2023
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Automotive Chassis Market 2020 Global Analysis, Opportunities and Forecast 2023
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Automotive Chassis Market Global Development, Demand, Growth Analysis, Key Findings and Forecast-2023
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