Automotive Electronic Brake System Market Research Report - Global Forecast till 2030

Automotive Electronic Brake System Market Research Report: By Technology (Brake Assistance, Autonomous Emergency Braking, Electronic Stability Control, Anti-lock Braking Systems), Component, Vehicle Type, Sales Channel, Region - Forecast Till 2030

ID: MRFR/AM/5444-HCR | February 2021 | Region: Global | 100 pages

Automotive Electronic Brake System Market Overview


During the historic forecast period that ended in 2019, the automotive electronic brake system market size was closed at a market figure worth USD 20.9 billion. For the ongoing forecast period of 2021-2028, the market is expected to grow and attain a market CAGR of 5.4% during the period. Also, by the end of the period in 2028, the market is expected to reach a final market value worth USD 26.5 billion. There are a lot of prominent factors like the rollout of stringent safety regulations. Also, the adoption of high-end and luxury cars available in the market along with the growing adoption and presence of air disc brakes in commercial vehicles is likely to play in favor of the market expansion and growth during the forecast period.


COVID 19 Analysis


The arrival of the COVID-19 outbreak has disrupted the entire automotive supply chain mechanism that exists in the market especially for the ongoing forecast period. On the global scale, the second and third quarters of the pandemic had a huge impact on the sales of new vehicles. The same trend was followed at the beginning of the financial year of 2021. Based on the market research and analysis, the vehicle production that is inclusive of the HDV and LDV witnessed a huge decline in 2020. The market figure of decline was 19.6%. Due to the pandemic, the recovery time was very uncertain and the lockdown that was imposed resulted in the shutdown of manufacturing facilities in various parts of the worldwide market.


Competitive Landscape


The most prominent major key players in the automotive electronic brake system market all across the globe are mentioned below:



  • ZF TRW Automotive (US)

  • Wabco Holdings Inc. (US)

  • Robert Bosch GmbH (Germany)

  • Knorr Bremse AG (Germany)

  • Haldex AB (Germany)

  • Denso Corporation (Japan)

  • Delphi Automotive Plc (US)

  • Continental AG (Germany)

  • Autoliv Inc. (Sweden)


These major key players use various strategies to sustain their market position in the automotive electronic brake system market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market all across the globe.


Recent Developments



  • Delphi Automotive Plc (US) is spending a considerable sum of money on research and development to get an upper edge over its competitors. This will help the company on enhancing its sales revenue.

  • The most prominent major key players are highly investing in mergers and acquisitions, joint ventures, and new products.

  • In July 2019, a partnership was formed between Knorr Bremse and Continental for producing highly automated commercial vehicles. This partnership will help the companies to make more enhanced vehicles that will contain emergency braking function, safe splitting up of entire platoon, and others.

  • In March 2020, for increasing the range of vehicles having Electric Park Brake (EPB), an industry-first Front Electric Park Brake has been launched by ZF. This feature will be equipped in small vehicles and enhances the overlook interior design of the vehicles.


Market Dynamics


Drivers


The final rule that requires the heavy truck tractors should stop within 235 feet on being loaded as per their LLVW is the lightly loaded vehicle weight. The brakes used in the present market help stop power while applying them. Also, 60-90% of the vehicle’s stopping power is possible because of the front wheels. The implementation of regulations is fruitful for market growth.


Restraints


The advanced braking technologies that are being employed are inclusive of complex interlinking of electronic and mechanical systems. As per the National Academies of Sciences, Engineering, Medicine, and the Transportation Research Board (TRB), the cost of implementation of the braking systems on the vehicles can be done at an amount of USD 50 per vehicle.


Technology Analysis


The market equipment is one of the latest technology that is very helpful in achieving the weight reduction target of the vehicles. Also, the implementation of this system is useful in eliminating the mechanical linkages that exist between a system and replace them with electric wires, motors, and actuators. Apart from reducing the weight, they have been recognized for improving the response time of the system by employing other combinations of technologies like the antilock braking system, electronic stability program, electronic parking brake, and brake-by-wire technology in the years to come.


Study Objectives



  • To have an idea about the growth figures that have been predicted by the market experts and industry leaders. Also, to understand the market dynamics like growth and opportunities available to the market and the possible restraints that might challenge the market from growing during the forecast period.

  • To understand the basis of the global market segments for various types of audiences in different global locations. Also, to have an idea about the revenue potential of these market segments that will help in making a difference to the final market revenue by the end of the forecast period in 2028.

  • To understand the factors that are responsible for the prevalence of growing competition in the global market scenario and also, depict the role of the market players in the form of mergers and acquisitions, joint ventures, and collaborations that will benefit the market.


Market Segmentation


The automotive electronic brake system market has been divided all across the globe based on technology, sales channel, component, vehicle type, and region.


Based on the Technology


The market has been divided all across the globe based on the technology into the anti-lock braking system, electronic stability control, autonomous emergency braking, and brake assistance.


Based on the Sales Channel


The market has been divided all across the globe based on the sales channel into aftermarket and OEM sales channels.


Based on the Component


The market has been divided all across the globe based on the component into control units, actuators, sensors, and others.


Based on the Vehicle Type


The market has been divided all across the globe based on the vehicle type into commercial vehicles and passenger vehicles.


Based on the Region


The market has been divided worldwide based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.


Regional Analysis


The automotive electronic brake system market has been divided all across the globe based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico that drive the market demand in this region. Moreover, the increasing demand for fuel-efficient vehicles coupled with higher per capita income creates more market demand.


Being the fastest-emerging region, the second-largest market share in the global market is held by the Asia-Pacific region owing to the presence of highly populous countries like India, China, Japan, South Korea, Australia, and various other countries that drive the market demand in this region. Moreover, increasing investment coupled with increasing sales and production of automobiles and stringent policies levied by the government is another factor that generates more market demand.


The third-largest market share in the global market is held by the European region owing to the presence of a well-established technologically advanced infrastructure that creates more market demand for automotive vehicles in this region. Increasing investment done by various major key players is yet another factor that drives the market demand in this region.


The Latin American region and the Middle East and African region show the least market share due to the presence of low infrastructure in both these regions. Low per capita income is another contributing factor that restricts the market growth in these regions.


Report Overview


This global automotive electronic brake system market research report consists of the following components mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technical Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains factors that drive the growth of the automotive electronic brake system market in the global market and the factors that restrict its growth in the global market. The technical analysis in the global market during the forecasted period is mentioned. The impact of COVID 19 on the automotive electronic brake system market in the global market is mentioned. The future growth rate in the automotive electronic brake system market during the review period is estimated and mentioned.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   5.4 % CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology, Component, Vehicle Type and Sales Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Advics Group (US), Autoliv Inc. (Sweden), Continental AG (Germany), Delphi Automotive Plc (US), Denso Corporation (Japan), Haldex AB (Sweden), Knorr Bremse AG (Germany), Robert Bosch GMBH (Germany), Wabco Holdings Inc. (US), ZF TRW Automotive (US)
  Key Market Opportunities

  • Decisive system to control vehicle motion
  • Reduce vehicle stopping range
  • Ensure the safety of goods and passengers
  •   Key Market Drivers

  • Increasing demand for passenger cars and light commercial vehicles
  • Increasing demand for advanced safety systems in vehicles
  • Increasing need to reduce vehicle weight and improve vehicle efficiency


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    Frequently Asked Questions (FAQ) :


    The projected growth rate of the market in the near future can be 5.4%.

    The market is slated to note an exponential surge in the coming years, thanks to the booming automotive industry all over the world.

    Autoliv Inc. (Sweden), Wabco Holdings Inc. (US), Delphi Automotive Plc (US), Knorr Bremse AG (Germany), ZF TRW Automotive (US), Continental AG (Germany), Haldex AB (Sweden), Advics Group (US), Robert Bosch GMBH (Germany), Denso Corporation (Japan), are the well-established market players.

    North America is the most prominent regional market at present.

    India and China are the leading countries in the APAC market.