The
automotive brake wear sensors market and it is
poised to grow by USD 1.38 bn during 2020-2024, progressing at a CAGR of about
7% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free
Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Akebono Brake Industry Co. Ltd., Brembo
Spa, Continental AG, Delphi Technologies Plc, DENSO Corp., General Motors Co.,
Mitsubishi Electric Corp., Robert Bosch GmbH, Sensata Technologies Holding Plc,
and Standard Motor Products Inc. are some of the major market participants.
Although the rising need to reduce the damage of braking system will offer
immense growth opportunities, pressure to reduce cost for OEMs will challenge
the growth of the market participants. To make the most of the opportunities,
market vendors should focus more on the growth prospects in the fast-growing
segments, while maintaining their positions in the slow-growing segments.
The rising need to reduce damage of the braking system has been
instrumental in driving the growth of the market. However, pressure to reduce
cost for OEMs might hamper market growth.
Automotive Brake Wear Sensors Market 2020-2024 : Segmentation
Automotive Brake Wear Sensors Market is segmented as below:
·
Application
o
Passenger Cars
o
Commercial Vehicles
·
Geographic Landscape
o
APAC
o
Europe
o
MEA
o
North America
o
South America
Automotive Brake Wear Sensors Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our automotive brake wear sensors
market report covers the following areas:
·
Automotive Brake Wear Sensors Market Size
·
Automotive Brake Wear Sensors Market Trends
·
Automotive Brake Wear Sensors Market Industry Analysis
This study identifies increased end-user concern for vehicle security as
one of the prime reasons driving the automotive brake wear sensors market
growth during the next few years.
Automotive Brake Wear Sensors Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the
automotive brake wear sensors market, including some of the vendors such as
Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Delphi
Technologies Plc, DENSO Corp., General Motors Co., Mitsubishi Electric Corp.,
Robert Bosch GmbH, Sensata Technologies Holding Plc, and Standard Motor
Products Inc. Backed with competitive intelligence and benchmarking, our
research reports on the automotive brake wear sensors market are designed to provide
entry support, customer profile and M&As as well as go-to-market strategy
support.
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