Research and Markets has announced the addition of the "Global Automotive Brake-By-Wire Systems Market 2017-2021" report to their offering.

The global automotive brake-by-wire systems market is forecast to grow at a CAGR of 44.35% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global automotive brake-by-wire systems market for 2017-2021. To calculate the market size, the report considers a combination of top down and bottom up approaches, wherein the in-house databases have been used to arrive at the size of the global automotive BBW systems market. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is remote diagnostics in braking systems: faster fault diagnosis and repair solutions to change the face of the BBW target market. Automotive remote diagnostics have evolved to a new advanced connected technology called prognostics. The intuitive software interface makes the work of the service technician much easier and simpler.

According to the report, one of the major drivers for this market is BBW systems use sensors to provide more accurate, precise, and quicker response than mechanical systems. Mechanical systems and their measurement arrangements are subjected to the usual wear and tear, leading to serious accuracy issues over time and use. Due to the indisputable fact that the only way mechanical linkage-based systems can work is by means of contact of some kind is, therefore, a severe limiter for their use.

Further, the report states that one of the major factors hindering the growth of this market is consumer behavior challenges. Safety and security are the prime concerns of the existing and prospective users of any electronic assist system such as the BBW system implanted in their vehicles. This concern is because such systems are designed to take control of the total functionality of the vehicle.

Key Questions Answered in this Report:

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Key Vendors:

  • ADVICS
  • Autoliv-Nissin Brake Systems
  • Robert Bosch
  • Continental
  • Delphi Automotive
  • Denso
  • ZF TRW

Other Prominent Vendors:

  • TTTech
  • Brembo
  • KSR International

For more information about this report visit http://www.researchandmarkets.com/research/npvv2x/global_automotive