LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global automotive electronic brakeforce distribution (EBD) system market is projected to grow to 136.25 million units by 2021, at a CAGR of nearly 9% over the forecast period.
This research report titled ‘Global Automotive Electronic Brakeforce Distribution System Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|Electronic brakeforce distribution maximizes the effectiveness of brakes and allows the rear brakes to apply a greater proportion of the braking force by adjusting the distribution of braking force with respect to the rear wheel's load condition and speed. The widespread adoption of connected technologies in commercial vehicles is driving the demand for anti-braking systems equipped with EBD.|
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Based on the applications, the report categorizes the global automotive electronic brakeforce distribution (EBD) system market into the following segments:
- Passenger cars
- Commercial vehicles
“Passenger cars are the largest adopters of the electronic brakeforce distribution technology, having generated more than 72% of the overall revenue in 2016. The legislations favoring the adoption of these systems by countries such as India and China is expected to have a positive impact on the market segment,” says Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research.
The rising sales of passenger cars worldwide will be another important factor that will drive demand for EBD over the next five years. Regions such as North America and Europe have already achieved 100% EBD penetration and is expected to be witness swift adoption in developing countries as well.
The global automotive EBD system market by commercial vehicles is expected to reach 23.39 million units by 2021, driven by the growing number of fleet operators fitting their vehicles with safety systems. Additionally, the increased freight transportation requirements will prove lucrative for EBD suppliers due to the expansion of construction activities and urbanization.
Regulations working in favor of EBD suppliers in these developing regions are also likely to have a significant impact on the growth of the market in the forecast period. Apart from international suppliers like Bosch and Continental, regional players like Brakes India will also benefit from the legislative push provided by the government.
“Motorcycles are expected to be the quickest adopters of the electronic brakeforce distribution systems, with a projected CAGR of more than 30% over the forecast period. The growth and scalability of low-powered motorcycles are likely to drive the growth of the market segment,” says Siddharth.
The growing presence of vendors in the motorcycle market will increase awareness about EBD systems and further push their demand. We expect that the development of the channels such as ABS with EBD will allow OEMs to attract customers who prefer aftermarket substitutes. The growth of the EBD system market in the motorcycle segment can also be attributed to the rising sales of luxury and ultra-luxury motorcycles.
The top vendors highlighted by Technavio’s research analysts in this report are:
- ZF TRW
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