A new report from <%$Linker:2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 oLinkExternal companiesandmarkets.com http://www.companiesandmarkets.com/ false http://www.companiesandmarkets.com/ false false %> forecasts that the automotive brake systems market will increase at a compound annual growth rate (CAGR) of 7.14 per cent over the next five years, rising from a valuation of US$20.2 billion at the beginning of 2013, to hit a market value of US$28.5 billion by the end of 2018.
Automotive brakes have evolved from simple wooden block brakes to today’s disc and drum brakes with electronic assistance, or electronic brake systems (EBS), which can be composed of such functions as anti-lock brake systems (ABS), electronic stability program (ESP), electronic brake force distribution (EBD) and traction control systems (TCS).
With all this electronic assistance, modern automotive brakes are not limited to deceleration only, but they also play an important role in driver assistance and safety.
Automatic braking is a technology that enables automobiles to sense an imminent collision with another vehicle, person or obstacle; or a danger such as a high speed approach to a stop sign and to respond with the braking system by either pre-charging the brakes or by applying the brakes to slow the vehicle without any driver input.
Over the past few years, despite a series of worldwide economic downturns, environmental issues and natural disasters, the automobile industry has witnessed numerous natural and economic disputes, but has been able to grow at a promising rate.
Factors such as changing regulations, increasing competition between brake manufacturers to provide new technology at affordable cost, and shifting buyers’ preferences towards safety features will trigger new developments within the automotive brakes sector.
Automotive brakes have evolved from simple wooden block brakes to today’s disc and drum brakes with electronic assistance, or electronic brake systems (EBS), which can be composed of such functions as anti-lock brake systems (ABS), electronic stability program (ESP), electronic brake force distribution (EBD) and traction control systems (TCS).
With all this electronic assistance, modern automotive brakes are not limited to deceleration only, but they also play an important role in driver assistance and safety.
Automatic braking is a technology that enables automobiles to sense an imminent collision with another vehicle, person or obstacle; or a danger such as a high speed approach to a stop sign and to respond with the braking system by either pre-charging the brakes or by applying the brakes to slow the vehicle without any driver input.
Over the past few years, despite a series of worldwide economic downturns, environmental issues and natural disasters, the automobile industry has witnessed numerous natural and economic disputes, but has been able to grow at a promising rate.
Factors such as changing regulations, increasing competition between brake manufacturers to provide new technology at affordable cost, and shifting buyers’ preferences towards safety features will trigger new developments within the automotive brakes sector.
