A new research document with title ‘Global Automotive Brake Wear Sensors Market 2017-2022’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as Bosch, Continental, Delphi The report will help user gain market insights, future trends and growth prospects for forecast period 2017-2022
HTF Announces the Publication of its Research Report – Global Automotive Brake Wear Sensors Market 2017-2022
HTF’s analysts forecast the global automotive brake wear sensors market to grow at a CAGR of 6.86% during the period 2017-2022.
It recognizes the following companies as the key players in the global automotive brake wear sensors market:
Bosch, Continental, Delphi, and DENSO CORPORATION
Other Prominent Vendors in the market are:
Herth+Buss Fahrzeugteile, Standard Motor Products, and Sadeca.
Commenting on the report, an analyst from HTF’s team said: “The latest trend gaining momentum in the market is Automotive brake wear sensors to estimate the mileage until the brake pads wear out. Automotive brake wear sensors are safety devices that help to alert the driver when the performance of the brake pad is declining. The most common failures of the brake pad are caused due to corrosion or physical damage to the connectors. The driver is unaware of the poor performance of the brake pad until the brake wear sensor sends alerts. This possesses a challenge for the driver to pick the correct time to replace the brake pads.”
According to the report, one of the major drivers for this market is To avoid damages to the components of braking system. The automotive industry has seen a rise in consumer demand for safety features. As the vehicle is exposed to different weather conditions and external environment, it is essential that the auto manufacturers enhance the safety features to prevent accidents. An increase in the number of electronic components has also resulted in an increase in the number of sensors used in an automobile. The sensors help to alert the driver of a change in the normal functioning of a certain component.
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Further, the report states that one of the major factors hindering the growth of this market is Pressure to reduce cost for OEMs. The development of the automobile industry, in terms of technology and design, is dynamically changing based on the customer preferences. The competition between auto manufacturers is a major reason to optimize the operational cost and maximize the profits. As there is an increase in the number of electronic components in an automobile, the overall manufacturing cost of the vehicle increases.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors
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Table of Contents
PART 01: Executive
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by application
• Global automotive brake wear sensors market by application
• Global automotive brake wear sensors market for passenger cars
• Global automotive brake wear sensors market for commercial vehicles
PART 07: Geographical segmentatio
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