Automotive Brake-By-Wire System Market | Business Growth, Development Factors, Current and Future Trends till 2031 | STMicroelectronics TMD Friction Group GmbH Valeo Powertrain GmbH

Automotive Brake-By-Wire (BBW) system market is anticipated to grow at a significant CAGR of 11.9% during the forecast period (2024-2031). The industry growth is attributed to pivotal factors such as increased awareness of vehicle safety, expanding use of BBW systems in modern cars, component downsizing, and laws requiring the integration of advanced safety systems. Automotive BBW systems complement the region's focus on safety regulations by providing improved braking performance, stability, and control. Additionally, the demand for Automotive BBW systems is being driven by the increasing uptake of electric cars (EVs) globally. According to the International Energy Agency (IEA), electric car sales in 2023 were 3.5 million higher than in 2022, a 35.0% year-on-year increase.

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Autonomous driving technologies and Advanced Driver Assistance Systems (ADAS) are being increasingly combined with BBW systems. Vehicle performance and safety are improved, and precise braking control is provided. The need for BBW systems is increasing due to the popularity of electric and hybrid automobiles. The efficient and lightweight design of BBW systems benefits these vehicles by improving overall performance and efficiency. An essential component of the continuous transition to electrification and autonomous driving is BBW systems. Electro-mechanical brakes (EMB) do not require hydraulic fluid, in contrast to traditional Electro-Hydraulic Braking (EHB) systems. Developments in sensor technology, including accelerometers and pressure sensors with high resolution, are improving the responsiveness and dependability of BBW systems.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Automotive Brake-By-Wire System Market by Type
o Electro-Hydraulic Brakes (EHB)
o Electro-Mechanical Brakes (EMB)
o Electric Parking Brakes (EPB)

Global Automotive Brake-By-Wire System Market by Component
o Brake Pedal Sensor
o Electronic Control Unit (ECU)
o Brake Actuators
o Wheel Speed Sensors
o Steering Wheel Angle Sensors
o Pressure Sensor
o Others (Yaw Sensor)

Global Automotive Brake-By-Wire System Market by Vehicle Type
o Passenger Cars
o Commercial Vehicles
o Off-Highway Vehicles

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o Middle East and Africa

Company Profiles
o ADVICS CO., LTD.
o AKEBONO BRAKE INDUSTRY CO., LTD.
o Brembo N.V.
o Carlisle Brake & Friction
o Denso Corp.
o EFI Automotive
o FUTEK Advanced Sensor Technology, Inc.
o Haldex Group
o HL Mando
o HYUNDAI MOBIS
o Johnson Electric Holdings Ltd.
o Knorr-Bremse AG
o LSP Innovative Automotive Systems GmbH
o RAICAM Industrie S.r.l.
o Sensirion AG
o Standex Electronics, Inc.
o STMicroelectronics
o TMD Friction Group GmbH
o Valeo Powertrain GmbH

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive brake-by-wire system market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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