Press release
Leading Companies Fueling Innovation and Growth in the Automotive Brake Systems Market
Automotive Brake Systems Market
Projected Expansion of the Automotive Brake Systems Market by 2030
The automotive brake systems market is anticipated to experience robust growth, reaching a value of $56.76 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 7.7% over the forecast period. The upward trajectory is largely fueled by increasing demand for ADAS-driven braking technologies, the electrification of braking components, developments in autonomous vehicles, the growing need for intelligent safety features, and tightening regulatory safety standards. Key industry trends supporting this growth include the integration of cutting-edge braking technologies, the rise of electronic stability control systems, enhanced focus on vehicle safety features, expanding adoption of ADAS systems, and a transition towards brake-by-wire mechanisms.
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Leading Industry Players Driving the Automotive Brake Systems Market
The competitive landscape of the automotive brake systems market is shaped by several prominent companies. Key players include Advics Co. Ltd., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Federal-Mogul Motorparts LLC, Bendix Commercial Vehicle Systems LLC, Knorr-Bremse AG, WABCO Holdings Inc., Mando Corporation, Haldex AB, Nissin Kogyo Co Ltd., Meritor Inc., Advanced Braking Technology Ltd., TMD Friction Holdings GmbH, Midwest Air Technologies Inc., Nisshinbo Holdings Inc., FTE automotive Group, Hella Pagid GmbH, Endless Co. Ltd., Bremskerl Reibbelagwerke Emmerling GmbH & Co. KG, Performance Friction Corporation, Arc Remanufacturing Inc., Muller Brakes America Inc., and Allgemeine Technische Entwicklungen GmbH.
Notably, in January 2025, Indian automotive component manufacturer Advik expanded its portfolio by acquiring Powersports MTG, a German company specializing in braking systems for automotive and powersports applications. This strategic acquisition aims to bolster Advik's global presence in high-performance braking technologies and broaden its product offerings.
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Emerging Innovations Shaping the Future of Automotive Brake Systems
Leading companies within the automotive brake systems sector are heavily investing in the development of next-generation electronic brake systems designed to enhance vehicle safety, responsiveness, and overall braking efficiency. These advanced systems rely on electronic controls and sensor technology to optimize braking performance. For example, in May 2023, Continental AG introduced the MK 120 ESC, a sophisticated electronic brake system tailored particularly for electric vehicles. This system, implemented in models such as Changan's Oshan X5 Plus and Uni-T, is about 5% lighter and 7% smaller than its predecessor, contributing to improved energy efficiency and reduced emissions. The MK 120 ESC also incorporates robust cybersecurity features, including an embedded hardware security module for secure key generation, and supports over-the-air updates for ongoing enhancements.
Comprehensive Segmentation of the Global Automotive Brake Systems Market
The automotive brake systems market is categorized by several key segments to provide a detailed understanding of its scope:
1) Product Type: Disc Brakes and Drum Brakes
2) Technology: Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS), Electronic Brakeforce Distribution (EBD)
3) Sales Channel: Original Equipment Manufacturers (OEMs) and Aftermarket
4) Vehicle Type: Passenger Cars, Light-commercial Vehicles (LCVs), Trucks, and Buses
Further subdivisions include:
- Disc Brakes: Ventilated Disc Brakes, Solid Disc Brakes, Performance Disc Brakes
- Drum Brakes: Leading Trailing Drum Brakes, Duo-Servo Drum Brakes, Self-Adjusting Drum Brakes
This detailed segmentation helps clarify the various facets of the market and highlights where innovation and demand are concentrated.
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