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Brake-by-Wire System Market – Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies 2026

05-06-2021 05:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Brake-by-Wire System Market Introduction

Brake-by-wire system is a technology in which hydraulic and mechanical components of the traditional brake systems are replaced by electronic actuators and sensors for the function of braking in the automobiles. `The brake-by-wire system is more efficient in terms of braking efficiency, system design, and effectiveness in comparison to the traditional braking system.

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Brake-by-wire system is used across various types of vehicles including passenger and commercial vehicles. It is also finding wide application in heavy duty commercial vehicles where it is known as electronic braking system. Manufacturers in the brake-by-wire system market are focusing on developing advanced brake technology for the brake-by-wire system. Brake-by-wire system is also witnessing increasing demand in electric and hybrid cars across regions.

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Brake-by-Wire System Market: Notable Highlights

ZF Friedrichshafen to acquire Wabco for over US$7 billion. Acquisition of Wabco will help ZF to accelerate the development of new technologies for autonomous commercial vehicles.
Yandex partners with Hyundai Mobis to develop driverless cars. Both the companies have signed an MoU for joint development of a control system for driverless cars. The prototype of a driverless vehicle will be launched before the end of 2019.
Volvo has developed new hybrid powertrains for their cars. The automaker will also energy recovery braking system along with the brake-in-wire system acting as the interface between brakes and brake pedal.

Leading players operating in the brake-in-wire system market are Nissin Kogyo Co., Brembo S.P.A, Continental, KSR international, ADVICS, ZF Friedrichshafen, Robert Bosch Gmbh, Haldex, Wabco Holdings Inc., Hitachi Automotive system Americas, and others.

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Brake-by-wire system Market- Key Segments

According to the type, the Brake-by-wire systems are segmented as

Hydraulic or Wet type
Electronic or Dry type
According to the sales channels, the Brake-by-wire systems are segmented as

OEMs
Aftermarket

The Brake-by-wire market report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

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Why Choose Fact.MR?

1. Deliver updated information on the current industry trends
2. Available 24/7 to facilitate clients with unbiased solutions
3. Embrace digital technologies to offer accurate business ideas
4. Exhaustive supply chain augmentation analysis
5. Provide reports strictly according to the requirements of the clients

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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