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Global Automotive Brake Override System Market 2019-2023 | Advances in ADAS Technology to Boost Growth | Technavio

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The global automotive brake override system market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global automotive brake override system market 2019-2023. (Graphic: Business Wire)

Technavio has announced its latest market research report titled global automotive brake override system market 2019-2023. (Graphic: Business Wire)

Electric vehicle (EV) manufacturers are integrating advanced technologies to improve the safety and performance of their vehicles. For example, EV original equipment manufacturers (OEMs) are increasingly integrating brake override systems to enhance safety and vehicle efficiency. Factors such as rising awareness about vehicle emission, expanding EV charging infrastructure, and stringent government regulations are driving the adoption of battery electric vehicles (BEVs). With the growing adoption of BEVs, the market is expected to witness a surge in the demand for brake override systems during the forecast period.

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As per Technavio, advances in advanced driver-assistance systems (ADAS) technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Automotive Brake Override System Market: Advances in ADAS Technology

Consistent R&D efforts by OEMs have led to the development of advanced sensors and technologically sophisticated systems that have improved the reliability of advanced electronic technologies such as ADAS. The growing emphasis on vehicle safety is increasing the adoption of such technologies across various vehicle segments. Also, the rising focus on the development of autonomous vehicles is expected to further increase the adoption of ADAS technologies. These factors are providing new growth opportunities for active safety technologies, such as brake override systems.

“Apart from advances in ADAS technology, OEMs shift toward electrifying the vehicle fleet and the increasing emergence of autonomous vehicles are some other major factors that will boost the market growth during the forecast period”, says a senior analyst at Technavio.

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Global Automotive Brake Override System Market: Segmentation Analysis

This market report segments the global automotive brake override system market by vehicle type (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America).

The North American region led the market in 2018, followed by APAC, Europe, MEA, and South America respectively. During the forecast period, the North American region is expected to maintain its dominance over the global market. This is due to the increasing demand for lightweight vehicles in the US.

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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

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

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 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.