Automotive Electronic Brake System Market Trends, Segments, Manufacturers, Drivers, and Forecast to 2030

Automotive Electronic Brake System Market is estimated to reach USD 31.53 Billion by 2030, The modernization in auto industry will be the driving factor for the market.  

According to SNS Insider, the Automotive Electronic Brake System (AEBS) is experiencing significant growth as the automotive industry continues to prioritize safety and performance. AEBS has emerged as a pivotal technology, enhancing vehicle braking systems through electronic control. The increasing demand for advanced safety features in vehicles, coupled with the rising awareness of road safety, has propelled the adoption of AEBS across various automotive segments.

Market Size:   

The automotive electronic brake system market is expected to grow at a compound annual growth rate (CAGR) of 5.2% over the forecast period of 2023-2030, from its estimated valuation of USD 21.01 billion in 2022 to USD 31.53 billion by 2030.    

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Market Scope:   

The rising awareness among consumers regarding the importance of advanced braking systems and the stringent safety regulations imposed by governing bodies are key factors propelling the market forward. Additionally, the continuous evolution of automotive technologies, such as the integration of electronic control units and sensors, is playing a crucial role in augmenting the capabilities of AEBS. As automakers increasingly prioritize safety and invest in cutting-edge technologies, the AEBS market is anticipated to witness significant expansion, offering promising opportunities for both established players and new entrants in the automotive electronics sector.     

Opportunity Analysis:

The ever-evolving landscape of automotive technology presents a unique chance for companies to integrate cutting-edge electronic brake systems, enhancing vehicle performance and driver safety. With the increasing demand for advanced safety features in automobiles, the AEBS market stands poised for growth. Opportunities lie not only in the improvement of existing systems but also in the development of more cost-effective solutions, widening the market's accessibility. Moreover, as regulatory standards continue to emphasize safety,     

Prominent Players

Autoliv Inc. (Sweden), Denso Corporation (Japan), Haldex AB (Sweden), Knorr Bremse AG (Germany), Wabco Holdings Inc. (US), Continental AG (Germany), Robert Bosch GMBH (Germany), Delphi Automotive Plc (US), Advics Group (US), and ZF TRW Automotive (US) are some of the prominent players with significant market share in the automotive electronic brake system market.

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Segment Analysis:

The passenger car segment is expected to grow the fastest in the coming years, due to increasing demand for safety features in new vehicles. The LCV segment is also expected to grow, as more and more businesses are adopting safety features to protect their drivers. The M&HCV segment is expected to remain stable, as safety regulations in the trucking industry are already stringent.

Regional Analysis:

The APAC region remains a pivotal player in the evolving landscape of the Automotive Electronic Brake System (AEBS) market. With the automotive industry witnessing robust growth and technological advancements, APAC stands as a key contributor to the adoption and development of AEBS solutions. The region's automotive sector, driven by increased consumer demand and a growing middle class, has prompted a surge in the integration of electronic brake systems. Governments in several APAC countries are also focusing on enhancing road safety, further accelerating the adoption of advanced braking technologies. As the automotive landscape continues to evolve, APAC's influence on the trajectory of the AEBS market is expected to be substantial, making it an essential region for businesses and stakeholders to closely monitor.  

Key Takeaways:

The adoption of electronic brake systems in vehicles has been driven by a focus on improving safety and enhancing overall driving experience. Manufacturers are increasingly incorporating advanced technologies to develop efficient and responsive electronic braking solutions.  
The market emphasizes the integration of electronic components, sensors, and control units to optimize braking performance. Additionally, the growing demand for electric and hybrid vehicles has spurred innovation in electronic braking systems to address the unique requirements of these platforms.  

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Recent Industry Development:  

Continental AG: In November 2022, Continental AG received a major contract from a North American automaker for the series production of its semi-dry brake system, valued at around EUR 1.5 billion (USD 1.56 billion). This is a significant milestone for Continental, as it is the first time that a semi-dry brake system has been mass-produced for a major automaker.
Robert Bosch GmbH: In February 2022, Robert Bosch GmbH set up a new business unit to commercialize quantum sensors. This new business unit will focus on developing and manufacturing quantum sensors for a variety of applications, including automotive EBS. Bosch believes that quantum sensors have the potential to revolutionize automotive safety, and it is investing heavily in this technology.

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