APAC auto braking systems market to record 2.8% CAGR over 2023-28: GlobalData, ET Auto
Auto Braking System: Automotive manufacturers are moving away from electrohydraulic technology and shifting towards brake-by-wire. By making anti-lock braking systems (ABS) standard equipment in all new passenger vehicles, several emerging nations are following the lead of affluent nations. Against this backdrop, the Asia-Pacific (APAC) automotive braking systems market is forecast to register a compound annual growth rate (CAGR) of 2.8% over 2023-28, according to GlobalData.
Source: indiatimes.com