Global Automotive Brake Booster Market 2016-2020
About the Automotive Brake Booster Market
Brake booster is a circular black metallic canister housing placed at the back part of the engine case toward the driver that is between the pedal and the master cylinder. It is a component that uses vacuum to multiply the braking force and leverage the pedal force to the master cylinder to achieve an effective braking mechanism.
Components of automotive brake boosters
Technavio Announces the Publication of its Research Report – Global Automotive Brake Booster Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive brake booster market: AISIN SEIKI, Bosch, Continental, DENSO, and FTE Automotive.
Other Prominent Vendors in the market are: ATE, Cardone, Dorman, and Federal-Mogul.
Commenting on the report, an analyst from Technavio’s team said: “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.
AISIN SEIKI, Bosch, Continental, DENSO, FTE Automotive, ATE, Cardone, Dorman, Federal-Mogul.