DUBLIN--(BUSINESS WIRE)--The "Middle East and Africa Automotive Backing Plate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Brake Types, Brake Material Type, and Vehicle Type" report has been added to ResearchAndMarkets.com's offering.
The Middle East & Africa Automotive Backing Plate market is expected to reach US$ 19.28 million by 2028 from US$ 18.58 million in 2021. It is estimated to grow at a CAGR of 0.5% from 2021 to 2028.
An automated braking system is a vital component of car safety technology. It is a powerful system specifically designed to prevent or limit a moving vehicle's speed before a collision with another vehicle, a pedestrian, or any other barrier. This system employs sensors, such as radar, video, infrared, or ultrasonic, to identify potential objects in front of the vehicle. If the item is identified, it uses brake control to avoid a collision.
An automated braking system can also communicate with a vehicle's GPS and utilize its database of stop signs and other traffic data to apply the brakes in time if the driver fails to do so.
For instance, Subaru's EyeSight system uses video input in the form of two-color cameras mounted at the top of the windshield to look for contrast with the background and vertical surfaces when scanning the area. The software can then recognize different images, including pedestrians, motorcycles, and rear ends of other vehicles. The rising awareness about these advantages of the automatic braking system among consumers is expected to fuel the demand for automotive backing plates in the MEA over the next few years. The MEA automotive backing plate market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Automotive Backing Plate Market Segmentation
The Middle East & Africa Automotive Backing Plate market is segmented into brake types, brake material type, vehicle type, and country.
Based on brake types, the market is bifurcated into disc brakes and drum brakes. In 2020, the drum brake segment held the larger market share.
Based on brake material type, the market is segmented into aluminum, iron, and others. In 2020, the others segment held the largest market share.
Based on vehicle type, the market is categorized into passenger cars, light commercial vehicle, and heavy commercial vehicle. In 2020, the passenger cars segment held the largest market share.
Based on country, the Middle East & Africa Automotive Backing Plate market is fragmented into South Africa, Saudi Arabia, UAE, and Rest of MEA.
Market Dynamics
Market Drivers
- Stringent Automotive Active Safety Regulations
- Enhanced Vehicle Safety with ABS and EBD
Market Restraints
- High Development and Maintenance Costs
Market Opportunities
- Regenerative Braking to Create Lucrative Opportunities in EV Ecosystem
Future Trends
- Growing Demand for Automatic Braking Systems in Vehicles
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. MEA Automotive Backing Plate Market Landscape
5. MEA Automotive Backing Plate Market - Key Industry Dynamics
6. Automotive Backing Plate Market - MEA Analysis
7. MEA Automotive Backing Plate Market Revenue and Forecast to 2028 - Brake Types
8. MEA Automotive Backing Plate Market Revenue and Forecast to 2028 - Brake Material Type
9. MEA Automotive Backing Plate Market Revenue and Forecast to 2028 - Vehicle Type
10. MEA Automotive Backing Plate Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Super Circle.
- NUCAP.
- MAT Foundry Group Ltd.
- ORTHLINGHAUS-WERKE Gmbh.
- Sparex.
- ACDelco
For more information about this report visit https://www.researchandmarkets.com/r/ubjwf9
