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Automotive Brake-by-Wire Systems Market Growth Analysis in the Auto Parts & Equipment Industry| Discover Company Insights in Technavio

NEW YORK, July 20, 2021 --

The automotive brake-by-wire systems market is expected to grow by 8458.90 million units during 2021-2025. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.

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Greater effectiveness and efficiency of brake-by-wire systems to drive the market growth. As per Technavio, the increasing electrification in vehicles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.

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Automotive Brake-by-wire Systems Market: Segmentation Analysis

This market research report segments the automotive brake-by-wire systems market by Type (Electric and Non-Electric) and Geography (APAC, North America, Europe, South America, and MEA).

55% of the market's growth will originate from APAC during the forecast period. China is a key market for automotive brake-by-wire systems in APAC. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing electrification in vehicles will facilitate the automotive brake-by-wire systems market growth in APAC over the forecast period. 

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio