Skip to main content

Electric Parking Brake Market Revenue Growth Predicted by 2029

 The electric parking brake (EPB) market is a rapidly growing segment of the automotive industry, driven by increasing demand for advanced safety and convenience features in vehicles. EPBs use electric motors instead of traditional mechanical systems to engage and disengage the brake, providing several benefits over traditional systems.

One of the major advantages of EPBs is their ability to automatically engage the brake when the vehicle is parked, improving safety by preventing the vehicle from rolling away. EPBs also improve convenience by eliminating the need for manual engagement of the parking brake, and can be integrated with other advanced driver assistance systems (ADAS) such as hill hold control and automatic emergency braking.

The market for EPBs is driven by several factors, including increasing consumer demand for advanced safety and convenience features in vehicles, and government regulations mandating the use of advanced braking systems in vehicles. Additionally, the increasing adoption of electric vehicles (EVs) is also expected to drive market growth, as EPBs are well-suited for use in EVs due to their low power consumption and lack of mechanical components.

For More Info@ https://www.persistencemarketresearch.com/market-research/electric-parking-brake-market.asp

The market for EPBs is segmented by vehicle type, with passenger cars and light commercial vehicles being the largest segments. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to be the largest market for EPBs, driven by the increasing demand for advanced safety and convenience features in vehicles in countries such as China and India.

Key players in the market include Bosch, Continental, Aisin Seiki, and Mando Corporation. These companies are investing heavily in research and development to develop advanced EPB systems and expand their market share.

Overall, the market for electric parking brake is expected to witness a substantial growth in the forecast period due to increasing demand for advanced safety and convenience features in vehicles, and government regulations mandating the use of advanced braking systems in vehicles.

Comments

Post a Comment

Popular posts from this blog

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Multilayer Ceramic Capacitor (MLCC) Market is Set to Experience Revolutionary Growth by 2032

 The Multilayer Ceramic Capacitor (MLCC) market has experienced remarkable growth over the past few years, driven by the increasing demand for electronic components in various industries. MLCCs are essential passive electronic components used extensively in electronic devices and equipment for their ability to store and discharge electrical energy quickly and efficiently. The market's growth is largely attributed to the rapid advancements in consumer electronics, automotive electronics, telecommunications, and industrial applications. The ever-expanding adoption of smartphones, tablets, wearable devices, and IoT technologies has created a surge in the demand for MLCCs, as they are essential for miniaturizing and enhancing the performance of these devices. Furthermore, the trend towards electric vehicles (EVs) and the growing adoption of advanced driver-assistance systems (ADAS) in automotive applications have significantly fueled the demand for MLCCs. These capacitor...
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov...
Post a Comment
Read more