Automotive Electronic Brake System Market to Grow with a CAGR of 6.51% Globally through to 2028
Regulatory Mandates and Safety Concerns,
Increasing Vehicle Production and Sales, and Consumer Demand for Enhanced
Driving Experience are factors driving the Global Automotive Electronic Brake
System market in the forecast period 2024-2028.
According to TechSci Research report, “Global Automotive
Electronic Brake System Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Automotive Electronic Brake
System Market stood at USD 41 billion in 2022 and is anticipated to grow with a
CAGR of 6.51% in the forecast period, 2024-2028. By using an electronic control unit, an
automotive electronic brake system makes driving and total braking possible. An
effective braking mechanism is provided by an automotive electronic brake
system, which is made up of various parts including actuators, control units,
sensors, and others. The car electronic brake system is becoming increasingly
popular among owners of OEM and aftermarket brands due to its capacity to
deliver effective brake management along with high-end automation. Given that
demand for premium safety vehicles is at an all-time high on all continents,
the market for automotive electronic brake systems appears to have an
astounding growth outlook in the future.
Browse over market data Figures spread through XX Pages and an in-depth TOC on "Global Automotive Electronic Brake System Market.”
The Global Automotive Electronic Brake System (EBS)
market represents a pivotal evolution in the automotive industry,
revolutionizing the way vehicles control their braking systems. This market
encompasses a wide range of technologies, components, and systems that replace
or augment traditional hydraulic braking mechanisms with electronic control and
automation. The adoption of EBS has become increasingly prominent due to its
contributions to safety, performance, and the overall driving experience. One
of the primary drivers of the Global Automotive Electronic Brake System market
is the unwavering commitment to vehicle safety. Safety has always been a
paramount concern for the automotive industry, and electronic brake systems
play a pivotal role in enhancing vehicle safety standards. Unlike traditional
hydraulic brakes, electronic brake systems offer advanced features such as
anti-lock braking systems (ABS), electronic stability control (ESC), and brake
assist systems. These features provide improved control and prevent wheel
lockup during braking, reducing the risk of accidents in various driving
conditions. Additionally, EBS enables the integration of advanced
driver-assistance systems (ADAS) such as collision avoidance and autonomous
emergency braking, contributing to a significant reduction in accidents and
fatalities. The market is also driven by the growing demand for enhanced
performance and efficiency. Electronic brake systems offer precise and rapid
control of braking forces, resulting in shorter stopping distances and improved
vehicle stability during emergency maneuvers. This leads to enhanced vehicle
performance and better driving experiences. Moreover, EBS facilitates
regenerative braking in hybrid and electric vehicles, where kinetic energy is
converted into electrical energy and stored in batteries. This technology
boosts energy efficiency and contributes to extended electric range, reducing
the overall energy consumption of vehicles.
Furthermore, the market is influenced by the
industry's shift towards connectivity and autonomous driving. Electronic brake
systems play a crucial role in supporting advanced connectivity features by
enabling communication between the vehicle and external systems. They are
integral to autonomous vehicles as they provide the precise and adaptive
control required for automated driving functions. The development of electronic
brake-by-wire systems, which replace traditional mechanical linkages with
electronic control, is pivotal in achieving the flexibility and redundancy
necessary for autonomous driving. The Global Automotive Electronic Brake System
market is further propelled by the increasing trend towards electrification and
the adoption of electric vehicles (EVs). Electronic brake systems in EVs
provide the necessary control and precision for regenerative braking, a process
that converts kinetic energy into electrical energy during deceleration. This
regenerative braking not only improves energy efficiency but also extends the
driving range of EVs. As the demand for EVs continues to grow, the market for
electronic brake systems will expand accordingly, reinforcing their
significance in the automotive industry.
Moreover, the adoption of advanced materials and
manufacturing processes is driving innovation in the market. The development of
lightweight materials and the utilization of advanced production techniques
allow for the creation of compact and efficient electronic brake system
components. Additionally, the integration of electronic brake systems with
other vehicle systems, such as advanced sensor technologies and control
algorithms, enables more responsive and adaptable braking performance,
contributing to improved safety and performance.
In addition to these drivers, regulatory requirements
and consumer preferences play a significant role in shaping the Global
Automotive Electronic Brake System market. Governments around the world impose
strict safety standards and regulations, pushing automakers to incorporate
advanced electronic brake systems to comply with these requirements. Consumer
demand for safer and more technologically advanced vehicles further propels the
adoption of electronic brake systems. Automakers are keen to meet these demands
by integrating EBS into their vehicle designs.
Despite the promising prospects, the market faces
several challenges. One primary challenge is the complexity of electronic brake
system components and their integration into vehicles. EBS systems consist of
various sensors, electronic control units (ECUs), and actuators, which require
advanced engineering and integration efforts. Additionally, the extensive use
of electronic components in brake systems makes them susceptible to
cybersecurity threats. Ensuring the security of electronic brake systems from potential
hacking or tampering is a critical concern. Another challenge is the need for
industry-standardization and interoperability. As the market continues to
evolve, different automakers and suppliers may use proprietary technology or
communication protocols, leading to compatibility issues. Industry-wide
standardization efforts are essential to ensure seamless integration and
interoperability between EBS components and systems.
Moreover, the cost of EBS components and systems can
be a deterrent, especially for consumers and automakers in emerging markets.
Electronic brake systems are typically more expensive than traditional
hydraulic systems, which can impact the affordability and accessibility of
vehicles. Manufacturers need to find ways to reduce the cost of electronic
brake systems to make them more widely available.
Major companies operating in Global Automotive
Electronic Brake System Market are:
- Advices
- Kuster
- Continental AG
- Haldex
- Knorr Bremse AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Halla Mando
- Akebono Brake Industry Co., Ltd
- Brembo.
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“The Global
Automotive Electronic Brake System (EBS) market is at the forefront of automotive
safety and performance innovation. Driven by a steadfast commitment to safety,
EBS technologies such as anti-lock braking systems (ABS) and electronic
stability control (ESC) have significantly reduced accidents and fatalities.
Moreover, EBS enhances performance by enabling precise control, shorter
stopping distances, and regenerative braking in electric vehicles. It plays a
pivotal role in the development of connected and autonomous vehicles, providing
the precise control required for advanced driver-assistance systems and
automated driving functions. However, challenges include system complexity,
cybersecurity concerns, standardization efforts, and cost considerations.
Nevertheless, the Global Automotive Electronic Brake System market remains essential
in shaping the future of automotive safety and technology.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Automotive
Electronic Brake System Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Cars, Light
Commercial Vehicles, Medium & Heavy Commercial Vehicles), By Components
Type (Sensors, Actuators, Control Units, Others), By Technology Type (Brake
Assistance, Autonomous Emergency Braking, Electronic Stability Control,
Anti-Lock Braking System), By Region, Competition, 2018-2028”, has
evaluated the future growth potential of Global Automotive Electronic Brake
System Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
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