Electro-Mechanical Brake (EMB) System Market Size to Grow USD 549.60 Million by 2029 at a CAGR of 255.12% Forecast 2024 to 2029 | Valuates Reports
BANGALORE, India, Jan. 5, 2024 /PRNewswire/ -- Electro-Mechanical Brake System Market is Segmented by Type (Caliper-Based EMB System, Drum Brake System ), by Application (Automotive, Aerospace, Rail): Global Opportunity Analysis and Industry Forecast, 2024-2029.
- BANGALORE, India, Jan. 5, 2024 /PRNewswire/ -- Electro-Mechanical Brake System Market is Segmented by Type (Caliper-Based EMB System, Drum Brake System ), by Application (Automotive, Aerospace, Rail): Global Opportunity Analysis and Industry Forecast, 2024-2029.
- The Global Market for Electro-Mechanical Brake (EMB) System is projected to reach a revised size of USD 549.60 Million by 2029, growing at a CAGR of 255.12% during the forecast period 2024-2029.
- With the car industry moving towards lighter design trends to improve fuel economy, EMB systems that do not require bulky hydraulic components meet industry goals.
- TRENDS INFLUENCING THE GROWTH OF ELECTRO-MECHANICAL BRAKE (EMB) SYSTEM MARKET:
The enhanced safety and performance features that EMB systems provide are among the main drivers driving the market's expansion.