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Global Automotive ABS and EPB Sensor Cable Market 2019-2023 | 7% CAGR Projection Over the Next Five Years | Technavio

LONDON--(BUSINESS WIRE)--Aug 30, 2019--

The global automotive ABS and EPB sensor cable market size is poised to grow by USD 1.48 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 7% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190830005235/en/

Technavio has announced its latest market research report titled global automotive ABS and EPB sensor cable market 2019-2023. (Graphic: Business Wire)

Read the 143-page research report with TOC on "Automotive ABS and EPB sensor cable Market Analysis Report by product (ABS and EPB), and geography (APAC, Europe, North America, South America, and MEA) 2019 - 2023".Request a Free Sample Report

The market is driven by the increase in the adoption of safety systems in vehicles. In addition, the increasing regulatory norms related to ABS and EPB are expected to further boost the growth of the automotive ABS and EPB sensor cable market.

Automotive safety has become the foremost parameter in vehicle design and development, which has led OEMs to increasingly incorporate advanced safety systems in vehicles. Thus, the adoption of the safety systems, such as ABS with EBP in vehicles will drive the demand for system components such as sensors, sensor cables, and control units, thereby fueling market growth during the forecast period.

Regulatory norms on automobiles have played an important role in making modern vehicles more advanced, safe, and energy-efficient. Government bodies across the world are enforcing improvements in automotive safety, fuel efficiency, and reduction in exhaust emissions. Such regulatory norms necessitate the adoption of safety systems such as ABS and EPB, which will further boost the demand for sensor cables.

For More Information: Request Free Sample Pages

The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • COFICAB
  • Furukawa Electric Co. Ltd.
  • Hitachi Ltd.
  • KYUNGSHIN Co. Ltd.
  • Leoni AG

Market Segmentation by Product:

The automotive ABS and EPB sensor cable market can be broadly categorized into the following segments:

  • ABS
  • EPB

Key Regions for the Automotive ABS and EPB Sensor Cable Market:

Featuring a breakdown of region-wise market shares until 2019.

  • APAC
  • North America
  • Europe
  • South America
  • MEA

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

     

Market Sizing

  • Market definition
  • Market size and forecast

     

Vendor Landscape

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

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

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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 10,000 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.

If you are interested in more information, please contact our media team at [email protected].

View source version on businesswire.com:https://www.businesswire.com/news/home/20190830005235/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 08/30/2019 10:00 AM/DISC: 08/30/2019 10:01 AM

http://www.businesswire.com/news/home/20190830005235/en

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