Japan Electronic Parking Brake(EPB) System Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The Japan Electronic Parking Brake (EPB) System market has seen significant growth due to its increased adoption in modern vehicles. The demand for EPB systems is driven by a shift towards enhanced vehicle safety, convenience, and innovative automotive features. By eliminating traditional handbrakes, EPB systems contribute to a more streamlined, automated driving experience. With advanced technologies like electronic actuation, these systems can be activated at the push of a button, offering improved precision and efficiency compared to mechanical systems.
Industries within Japan, particularly automotive manufacturers, are increasingly adopting EPB systems for both passenger cars and commercial vehicles. The system offers a range of benefits, including space savings, ease of use, and better integration with other vehicle technologies, such as automatic transmission systems and advanced driver-assistance systems (ADAS). As more vehicles become equipped with EPB technology, demand continues to rise, pushing manufacturers to innovate and improve system performance. Additionally, the increasing importance of electric vehicles (EVs) has further accelerated the adoption of EPB systems, as these vehicles require enhanced braking mechanisms that are both compact and efficient.
The requirements from industries for EPB systems are multifaceted. Automotive manufacturers seek reliable, low-maintenance systems that can function seamlessly in diverse weather conditions and terrains. Moreover, with the rise of electric vehicles and autonomous driving technologies, there is a growing need for parking brake systems that can integrate with other electronic systems for smoother operation. EPB systems must also be lightweight, energy-efficient, and cost-effective to align with the industry's push towards sustainable production practices.
As the market for Japan Electronic Parking Brake (EPB) System continues to evolve, manufacturers must stay ahead of trends, focusing on system integration, long-term durability, and user-centric design to meet the changing needs of the automotive industry. Technologies such as wireless communication and next-generation sensors are expected to play a crucial role in the future development of EPB systems.
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Furukawa Electric
Hitachi
KYUNGSHIN
Leoni
LS Cable & System
Prysmian
Sumitomo Electric Industries
TE Connectivity
Yazaki
Murata Manufacturing
Lucas Varity Langzhong Brake
Bethel Automotive Safety Systems
Continental AG
STMicroelectronics
Allegro MicroSystems
BWI Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Electronic Parking Brake(EPB) System Market
Mechanical Actuation
Electromechanical Actuation
Hydraulic Actuation
Pneumatic Actuation
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Hybrid Vehicles
Conventional EPB Systems
Advanced EPB Systems
Control Module
Actuator
Sensor
Wiring Harness
Original Equipment Manufacturers (OEM)
Aftermarket Sales
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Electronic Parking Brake(EPB) System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Electronic Parking Brake(EPB) System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Electronic Parking Brake(EPB) System Market, By Type
6. Japan Electronic Parking Brake(EPB) System Market, By Application
7. Japan Electronic Parking Brake(EPB) System Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Electronic Parking Brake(EPB) System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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