Market Research Report Store Brake Systems Market by Type (Disc & Drum), Electr | Page 5
5.3 MARKET DYNAMICS 47
5.3.1 DRIVERS 48
5.3.1.1 Increasing stringency of automotive active safety regulations 48
5.3.1.2 Impact of New Car Assessment Program (NCAP) on Electronic Brake Systems 49
5.3.2 RESTRAINTS 50
5.3.2.1 High development cost of electronic brake systems 50
5.3.3 OPPORTUNITIES 51
5.3.3.1 Brake-by-wire system 51
5.3.3.2 Regenerative braking 51
5.3.4 CHALLENGES 52
5.3.4.1 Brake emissions 52
5.4 PORTER’S FIVE FORCES ANALYSIS 53
5.4.1 THREAT OF NEW ENTRANTS 54
5.4.2 THREAT OF SUBSTITUTES 55
5.4.3 BARGAINING POWER OF SUPPLIERS 56
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