Press release
Brake-By-Wire System Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Brake-By-Wire System Market
What Is the Forecasted Market Growth Rate of the Brake-By-Wire System Industry?
The market size for brake-by-wire systems has seen substantial growth over recent years. The market, which was valued at $8.77 billion in 2024, is predicted to reach a valuation of $9.33 billion in 2025, marking a compound annual growth rate (CAGR) of 6.4%. Key factors fostering this growth during the historical period include escalated safety regulations, the ballooning demand for electric vehicles, the expansion in luxury and high-performance vehicles sector, the pursuit for downsizing vehicle weight, and the advancements in driver assistance systems.
How Will the Brake-By-Wire System Market Size Evolve From 2025 to 2029?
The market for brake-by-wire systems is projected to witness robust growth in the coming years, reaching a size of $12.26 billion by 2029, marking a compound annual growth rate (CAGR) of 7.1%. The growth during this forecast period can be credited to factors such as the rising adoption of electric and self-driving vehicles, progress in auto electronics, increased focus on safety and stability control systems, government rules aimed at reducing emissions, and the growth of connected vehicle technologies. Major trends during the forecast period are expected to include integration with autonomous driving systems, progress in software-driven control algorithms, the growing adoption of wireless communication technologies, increased use of regenerative braking features, and developments in sensor technologies.
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What Are the Main Growth Drivers in the Brake-By-Wire System Market Today?
The surge in the use of electric vehicles is predicted to drive the expansion of the brake-by-wire system market. Electric vehicles (EVs), which are powered by electric motors using electricity from batteries or other energy storage solutions, have been readily adopted due to increasing ecological concerns, developing EV infrastructure, and governmental incentives. The brake-by-wire systems, which use electronic controls to ensure accurate and quick braking, improve the car's handling and stability by eliminating hydraulic elements. They also lessen weight and boost overall efficiency and range. The International Energy Agency, an independent intergovernmental organization based in France, reported in May 2022 that the total number of Plug-in hybrid electric vehicles and hybrid electric vehicles in 2023 were 95,00,000 and 43,50,000, rising from 73,00,000 and 29,00,000 in 2022. As such, the increasing use of electric vehicles is fueling the growth of the brake-by-wire system market.
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Which Brake-By-Wire System Market Segment Is Expected to Lead Through 2029?
The brake-by-wire system market covered in this report is segmented -
1) By Type: Hydraulic Or Wet Type, Electronic Or Dry Type
2) By Sales Channel: Original Equipment Manufacturers (OEMs), After market
3) By Application: Passenger Vehicles, Commercial Vehicles
Subsegments
1) By Hydraulic Or Wet Type: Electro-Hydraulic Brake (Ehb) Systems, Hydraulic Actuators And Modules
2) By Electronic Or Dry Type: Electro-Mechanical Brake (Emb) Systems, Electronic Actuators, Brake-By-Wire Control Modules
Which Market Trends Are Expected to Dominate Brake-By-Wire System Industry Growth?
Leading enterprises in the brake-by-wire system market are innovating and promoting advanced braking technologies like electro-mechanical brake systems to augment vehicle safety and elevate braking effectiveness. The electro-mechanical brake system does away with traditional hydraulic components and substitutes them with electrical actuators and mechanical links, employing electronic controls for accurate braking. This results in weight reduction and an overall enhancement in efficiency. For instance, ZF Friedrichshafen AG, a technological business entity based in Germany that offers superior mobility products, unveiled a 'dry' brake-by-wire system in November 2023. This system ensures safety by duplicating all the connectivity points and systems that are essential for data transfer, processing, and motor power supply. It offers a maximum of 9 meters shorter stopping gap during 100 km/h automatic emergency braking and an up to 17% additional driving range for electric cars, thanks to the improved efficiency of brake energy recovery. The dry brake-by-wire system also reduces particle emissions from brake wear by restricting residual drag torques and removing the need to change brake fluids regularly, thereby reducing maintenance needs.
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Which Companies Hold the Largest Market Share in the Brake-By-Wire System Sector?
Major companies operating in the brake-by-wire system market are Robert Bosch GmbH, Nissan Motor Co. Ltd., ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Schaeffler Technologies AG & Co. KG, Microelectronics N.V., Parker Hannifin Corporation, Infineon Technologies AG, NXP Semiconductors N.V., Knorr Bremse AG, HELLA GmbH & Co. KGaA, Mando Corp., Brembo N.V., Akebono Brake Industry Co. Ltd., BWI Group, Haldex AB, KSR International Inc., Delphi Technologies Plc, FUTEK Advanced Sensor Technology Inc., Chassis Autonomy SBA AB
Where Is the Brake-By-Wire System Market Experiencing the Highest Growth?
North America was the largest region in the brake-by-wire system market in 2024. The regions covered in the brake-by-wire system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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