DUBLIN, July 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Brake Booster Market 2016-2020" report to their offering.
The global automotive brake booster market to grow at a CAGR of 8.97% during the period 2016-2020.
Global Automotive Brake Booster Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is helping boost market growth tremendously is the strides towards developing autonomous vehicles. The automotive industry is replacing more and more mechanical and hydraulic systems with electronic systems, which not only aids in reducing the weight of the vehicle but also offers safety and comfort. One of the most sought-after applications is brake-by-wire technology for the automotive braking system.
According to the report, a key growth driver is the standardization of AEB by 2022. The US Department of Transportation's (DOT) NHTSA and IIHS have made it mandatory to have AEB as a standard feature in all cars by 2022, a commitment made by 20 automakers, i.e., world's leading automakers like AUDI, FCA, Ford, GM, Honda, Hyundai, Jaguar, Land Rover, KIA, Maserati, Mazda, Mercedes-Benz, and Mitsubishi, to name a few.
Further, the report states that one challenge that could restrict market growth is the increased cost pressure based on demand.
Components of automotive brake boosters
- Booster body
- Booster piston
- Piston return spring
- Reaction mechanism
- Control valve mechanism
- AISIN SEIKI
- FTE Automotive
Other prominent vendors
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market drivers
Part 07: Market trends
Part 08: Market challenges
Part 09: Market segmentation by vehicle type
Part 10: Market segmentation by geography
Part 11: Market segmentation by end-users
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information visit http://www.researchandmarkets.com/research/pz8zsp/global_automotive
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-automotive-brake-booster-market-2016-2020-with-aisin-seiki-bosch-continental-denso--fte-automotive-dominating-300299375.html
SOURCE Research and Markets