Report Code: A08449 | Pages: NA | Jul 2023 | 3275 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Brake Booster Market
Request Now !Automotive brake booster is a crucial component of safety system in a vehicle. Brake booster helps to convert force applied by the driver of vehicle into necessary braking effect. Brake boosters are applied in most modern vehicles, which include a vacuum-aided brake system. Brake boosters are of two types, hydraulic brake booster and vacuum booster. Hydraulic brake booster uses hydraulic pressure generated by the power steering pump to provide power assistance to deploy the brakes. Therefore, brake booster provides safety, which is expected to fuel the growth of the automotive brake booster market in the coming years.
COVID-19 scenario analysis:Â Â Â
The significant factors leading to the growth of the automotive brake booster market are increase in demand for vehicle safety system and introduction of semi-autonomous and autonomous vehicles. Moreover, heat generated by brake application and leakage of brake fluid hamper the growth of the automotive brake booster market. Furthermore, increase in safety concerns and rise in demand for fast moving vehicles are estimated to boost demand for automotive brake boosters.
The demand for safety system in vehicles has increased due to increase in road accidents. With rise in number of high-speed vehicles, the demand for brake boosters has also increased. Brake boosters provide safety while driving by providing proper braking systems, thus increasing safety measures and resulting in the growth of the brake booster market in the coming years.
An autonomous car is a self-driving car, which applies brakes automatically by means of various technologies. A semi-autonomous car requires human interaction for the propulsion of the vehicle and braking is supported by human intervention. Therefore, increase in demand for autonomous cars propels the growth of the automatic brake booster market.
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Automotive Brake Booster Market Report Highlights
Aspects | Details |
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By Brake Type |
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By Technology |
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By Type |
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By Sales Channel |
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By Region |
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Key Market Players | TRW Automotive, Brembo SpA, Carlisle Brake & Friction, CARDONE, Aisin Seiki Co. Ltd., Dongguang Aowei, Robert Bosch GmbH, HUAYU, Wanxiang, Zhejiang Jingke, Liuzhou Wuling, Continental AG, Hyundai Mobis, BWI Group, Nissin Kogy, Akebono Brake Industry Co., FTE Automotive |
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