South America Automotive Backing Plate Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – By Brake Types (Disc Brake and Drum Brake), Brake Material Type (Aluminium, Iron, and Others), and Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle)

The South America Automotive Backing Plate market is expected to reach US$ 51.68 million by 2028 from US$ 45.54 million in 2021. It is estimated to grow at a CAGR of 1.8% from 2021 to 2028.

An automated braking system is a vital component of car safety technology. It is a powerful system specifically designed to either prevent or limit the speed of a moving vehicle before a collision with another vehicle, a pedestrian, or any other barriers. These systems employ sensors, such as radar, video, infrared, or ultrasonic, to identify potential objects in front of the vehicle and then use brake control to avoid a collision if the item is identified. An automated braking system can also communicate with a vehicle's GPS and utilize its database of stop signs and other traffic data to apply the brakes in time if the driver fails to do so. For instance, Subaru's EyeSight system uses video input in the form of two-color cameras mounted at the top of the windshield to look for contrast with the background and vertical surfaces when scanning the area. The software can then recognize different images, including pedestrians, motorcycles, and rear ends of other 

vehicles. These advantages of the automatic braking system will propel the demand for automotive backing plates. The South America automotive backing plate market is expected to grow at a good CAGR during the forecast period.

South America Automotive Backing Plate Revenue and Forecast to 2028 (US$ Million)

South America Automotive Backing Plate Market Segmentation          

The South America Automotive Backing Plate market is segmented into brake types, brake material type, vehicle type, and country. Based on brake types, the market is bifurcated into disc brakes and drum brakes. In 2020, the drum brake segment held a larger market share. Based on brake material type, the market is segmented into aluminum, iron, and others. In 2020, the others segment held a largest market share. Based on vehicle type, the market is categorized into passenger cars, light commercial vehicle, and heavy commercial vehicle. In 2020, the passenger cars segment held a largest market share.  Based on country, the South America Automotive Backing Plate market is fragmented into Brazil, Argentina, and Rest of SAM. The Brazil is contributed a substantial share in 2020.

Super Circle, NUCAP, MAT Foundry Group Ltd, ORTHLINGHAUS-WERKE Gmbh, Sparex and ACDelco are among the leading companies in the South America Automotive Backing Plate market

1. Super Circle.

2. NUCAP.

3.MAT Foundry Group Ltd.

4.ORTHLINGHAUS-WERKE Gmbh.

5.Sparex.

6.ACDelco.

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