Automotive Electronic Parking Brake Market Scope
Automotive Electronic Parking Brake is an advanced version of a conventional parking brake or handbrake. Technically this system is a sub-part of the more advanced 'Brake by Wire' system. The electric park brake comes with features such as hill- or auto-hold. The hill-hold feature stops the vehicle from rolling away accidentally when setting off or st and ing still. The Automotive Electronic Parking Brake market is expected to grow in the future due to environmental regulations regarding road safety and the increasing adoption of automated vehicle technology. The key driver which drives the growth of the market is the increasing adoption of the electric parking brake in the vehicles due to reduced weight and convenience as compared to other mechanically operated brakes which further improves the fuel economy and reduced emissions.
The Automotive Electronic Parking Brake market study is segmented by Type (Electric-Hydraulic Caliper System and Full Electric Drive-by-wire Systems) and major geographies with country level break-up.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high-end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement, and brand establishment. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Automotive Electronic Parking Brake market throughout the predicted period.
Continental AG (Germany), Bosch (Germany), Aisin Seiki Co., Ltd. (Japan), ZF TRW (United States), Hitachi Automotive Systems, Ltd (Japan), Küster Holding GmbH (Germany), DURA Automotive Systems (United States), Hyundai Mobis Co., Ltd. (South Korea), SKF Group (Sweden), Mando-Hella Electronics Corp. (South Korea) and TBK Co., Ltd. (Tokyo) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Wuhu Bethel Automotive Safety Systems Co., Ltd (China) and Zhejiang Wanchao Electric Appliance Co., Ltd. (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Automotive Electronic Parking Brake market by Type, Application and Region.
On the basis of geography, the market of Automotive Electronic Parking Brake has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Federal Motor Vehicle Safety Standard No. 105, Hydraulic and electric brake systems, sets forth minimum performance requirements for a vehicle's service and parking brake systems. Originally, the standard applied exclusively to passenger cars with hydraulic brake systems. Over the years, the agency has published several rulemaking actions on FMVSS No. 105
- Adoption of Autonomous Vehicle Technology
- Increasing Regulations Pertaining to Road Safety and Emissions
- Rising Production of Automobile Globally
- Rising Adoption of Electric Vehicles
- Growing Demand from Emerging Economics such as China, India, among others
- High Costs of Parking Brakes
- Lack of Skilled Personnel
Key Target AudienceManufacturers of Automotive Electronic Parking Brake, Raw Material Suppliers for Automotive Electronic Parking Brake, Experts from the Automotive Industry, Dealers and Distributors of Automotive Components and Automotive OEMs
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