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Automotive Brake-By-Wire System Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032

11-16-2024 07:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Automotive Brake-By-Wire System Market Update Report 2024 |

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
, and others

Market Segmentation

Global Automotive Brake-By-Wire System Market by Type

Electro-Hydraulic Brakes (EHB)
Electro-Mechanical Brakes (EMB)
Electric Parking Brakes (EPB)

Global Automotive Brake-By-Wire System Market by Component

Brake Pedal Sensor
Electronic Control Unit (ECU)
Brake Actuators
Wheel Speed Sensors
Steering Wheel Angle Sensors
Pressure Sensor
Others (Yaw Sensor)

Global Automotive Brake-By-Wire System Market by Vehicle Type

Passenger Cars
Commercial Vehicles
Off-Highway Vehicles

Regional Analysis

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

Company Profiles 

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

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-brake-by-wire-system-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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