What is Brake Control Systems?
Brake control system is meant to assist vehicles or any moving objects with declaration which is necessary for safety and proper functioning of automobiles. Rising demand for effective braking technologies has led to adoption of anti-lock braking systems, electronic braking system and brake by wire systems which have provided added safety. Growing sales of automobiles are expected to further fuel the growth of the very market.
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The demand for Brake Control Systems is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Bosch, Hitachi, Continental AG, Warner Electric and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how brake control systems can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analysts at AMA Research estimates that Vendors from United States and German will contribute to the maximum growth of Global Brake Control Systems market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bosch [Germany], Hitachi [Japan], Continental [Germany], Warner Electric [United States], Advics Group [Japan], WABCO [Belgium], Knorr Bremse [Germany], UTC Aerospace Systems [United States], Pilz [Germany], REDARC Electronics [Australia], Tekonsha [United States], Hayes Towing Electronics [United States], AISIN World Corp [United States] and ZF Friedrichshafen AG [Germany] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ZF Friedrichshafen AG [Germany], Aisin Seiki Co, Ltd. [Japan], BMW Group [Germany], Daimler AG [Germany] and Volkswagen AG [Germany].
AMA Research has segmented the market of Global Brake Control Systems market by Type (Electronic Brake System, Anti-lock Braking System, Electronic Stability Control, Traction Control System, Electronic Brake-Force Distribution and Others) and Region.
On the basis of geography, the market of Brake Control Systems 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). If we see Market by End Users, the sub-segment i.e. Aircraft Brake Control System will boost the Brake Control Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In March 2021 Knorr-Bremse had announced partnership with Hitachi Rail S.p.A. Knorr-Bremse will supply Hitachi S.p.A. with hydraulic brake systems, as well as entrance and climate control (HVAC) systems, with a total value in the low double-digit million-euro range. The energy-efficient RL2-e2 sliding plug doors will be supplied by Knorr-Bremse subsidiary IFE, the global market leader for rail car entrance systems, to help optimise passenger movements during boarding and alighting.
Global NCAP has adopted a Road Map for Safer Vehicles 2020 which provides a recommended timetable for UN Member States to apply the most important UN vehicle safety regulations. We propose that these regulations, or equivalent national performance standards, are applied initially to new models and then to all vehicles in production at the latest by the end of the UN Decade of Action for Road Safety in 2020.
- Growing Focus Towards Safety Fueled by Stringent Government Regulatory Guidelines
- Growing Number of Incidents Owing to Brake Failure
- Introduction of Brake by Wire System
- Rise in End-user Industries Such as Automotive Sales, Aircraft Deliveries and others
- Introduction of Software Control Braking System
- High Cost Involved in Development of Electronic Braking System
- Low Penetration of Advanced Braking Systems in Automotive Sectors Across Emerging Countries
- Reducing the Brake Emission
- Increasing Raw Materials Prices for Break Manufacturing
“Demand for enhanced, integrated and automated driver-assist systems, emissions reduction and higher performance will continue to drive the type of technologies that shops and technicians see entering service bays,” explained Manfred Meyer, ZF TRW Vice President for Braking Engineering.
Key Target Audience
Brake Control Systems (BCS) Manufacturers, Brake Control Systems (BCS) Distributors/Traders/Wholesalers, Brake Control Systems (BCS) Subcomponent Manufacturers, Industry Association, Potential Technology Investors, Downstream Vendors and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.