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From 2019 to 2023, the global automotive ABS and EPB sensor cable market will grow by $1.
47 billion, and Japan's Sumitomo Electric, Furukawa Electric, Hitachi, Germany's LEONI, Tunisia's Coficab, South Korea's LS Cable, Italy's Pryssmann, Tyco Electronics, Japan's Yazaki, etc.
will become the main international suppliers
in this market.
As automotive safety has become the most critical parameter in vehicle design and development, automotive OEMs are increasingly incorporating advanced safety systems into
their vehicles.
Passive safety systems, such as seat belts with pretensioners, front airbags and anti-lock braking systems, are now standard equipment in most passenger cars around the world, and most ABS are equipped with an electronic brake distribution (EBD) system
.
The adoption of such systems is increasing the demand
for sensors, sensor cables (ABS and EPB), and control units from automotive and automotive parts manufacturers.
This will drive the growth of the global automotive ABS and EPB sensor cable market from 2019 to 2023
.
Since ABS and EPBs are standard on current vehicles, their cables need to be constantly upgraded, so suppliers are constantly improving their products in terms of efficiency, downtime and flexibility to increase sales
.
To that end, they are employing advanced manufacturing techniques to manufacture automotive sensor cables and assemblies
.
This is expected to contribute
to the growth of the automotive ABS and electric parking brake (EPB) sensor cable market during the period 2019-2023.
The market will grow at a CAGR approaching 7%
during the forecast period.
Through a thorough study of the company's growth opportunities, it can be determined that the Asia-Pacific region will account for the largest share
of the automotive ABS and EPB sensor cable market over the entire forecast period.
In China, Japan, South Korea, Australia, and Thailand, the presence of strict safety regulations is a major factor
driving the growth of the automotive ABS and EPB sensor cable industry in the region.
From 2019 to 2023, the global automotive ABS and EPB sensor cable market will grow by $1.
47 billion, and Japan's Sumitomo Electric, Furukawa Electric, Hitachi, Germany's LEONI, Tunisia's Coficab, South Korea's LS Cable, Italy's Pryssmann, Tyco Electronics, Japan's Yazaki, etc.
will become the main international suppliers
in this market.
As automotive safety has become the most critical parameter in vehicle design and development, automotive OEMs are increasingly incorporating advanced safety systems into
their vehicles.
Passive safety systems, such as seat belts with pretensioners, front airbags and anti-lock braking systems, are now standard equipment in most passenger cars around the world, and most ABS are equipped with an electronic brake distribution (EBD) system
.
The adoption of such systems is increasing the demand
for sensors, sensor cables (ABS and EPB), and control units from automotive and automotive parts manufacturers.
This will drive the growth of the global automotive ABS and EPB sensor cable market from 2019 to 2023
.
Since ABS and EPBs are standard on current vehicles, their cables need to be constantly upgraded, so suppliers are constantly improving their products in terms of efficiency, downtime and flexibility to increase sales
.
To that end, they are employing advanced manufacturing techniques to manufacture automotive sensor cables and assemblies
.
This is expected to contribute
to the growth of the automotive ABS and electric parking brake (EPB) sensor cable market during the period 2019-2023.
The market will grow at a CAGR approaching 7%
during the forecast period.
Through a thorough study of the company's growth opportunities, it can be determined that the Asia-Pacific region will account for the largest share
of the automotive ABS and EPB sensor cable market over the entire forecast period.
In China, Japan, South Korea, Australia, and Thailand, the presence of strict safety regulations is a major factor
driving the growth of the automotive ABS and EPB sensor cable industry in the region.
