Global Automotive Brake Actuator Market 2018-2022
About Automotive Brake Actuators
Brake actuator is a device used in the automotive braking system that regulates the flow of hydraulic and pneumatic pressure to the rear axles to equalize brake pressure among all axles.
Technavio’s analysts forecast Global Automotive Brake Actuator market to grow at a CAGR of 3.68% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Automotive Brake Actuator for the period 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Brake Actuator Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Automotive Brake Actuator Market for 2018-2022: Bosch, Continental, Hitachi, TSE Brakes, WABCO
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is the increased demand for electrohydraulic actuator for passenger cars.”
According to the report, one driver in the market is the rising preference for electric brake actuators.
Further, the report states that one challenge in the market is fast-paced development of automotive braking systems, rendering current technology obsolete.