PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509343
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509343
Global Automotive Vacuumless Braking Market to Reach US$9.7 Billion by 2030
The global market for Automotive Vacuumless Braking estimated at US$6.6 Billion in the year 2023, is expected to reach US$9.7 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030. Passenger Cars Application, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$7.3 Billion by the end of the analysis period. Growth in the Commercial Vehicles Application segment is estimated at 6.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 9.1% CAGR
The Automotive Vacuumless Braking market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Automotive Vacuumless Braking - Key Trends and Drivers
Automotive vacuumless braking technology represents a significant advancement in the vehicle safety systems space. Traditional braking systems rely on a vacuum created by the engine or an electric pump to assist in the braking effort. However, vacuumless braking systems eliminate the need for this vacuum, instead using electronic controls to enhance the force applied by the driver to the brakes. This technology not only simplifies the brake system by reducing dependency on engine vacuum but also improves reliability and responsiveness. Vacuumless systems are particularly advantageous in vehicles with hybrid or electric engines, where traditional vacuum generation is less efficient or entirely absent.
The adoption of vacuumless braking technology is closely linked to the rise of electric and hybrid vehicles. As these eco-friendly vehicles become more prevalent, the demand for compatible and efficient braking systems increases. Vacuumless brakes are ideal for these applications because they do not rely on a combustion engine to generate vacuum. Instead, they use electronic sensors and actuators to modulate braking force, which allows for more precise control and faster response times. This is crucial in electric vehicles (EVs), which are often heavier due to battery weight and require more braking power. Additionally, the integration of vacuumless systems can contribute to overall energy efficiency, as they can be more easily adapted to regenerative braking systems that capture kinetic energy and convert it back into stored electrical energy.
The growth in the vacuumless braking market is driven by several factors, including stringent safety regulations, the proliferation of electric and hybrid vehicles, and technological advancements in braking systems. Regulatory bodies worldwide are imposing stricter safety standards that require more reliable and effective braking systems, thus pushing automakers to adopt advanced technologies such as vacuumless braking. The surge in electric and hybrid vehicle sales further fuels this demand, as these vehicles necessitate braking systems that can operate independently of traditional engine vacuum. Moreover, continuous improvements in electronic control technologies enhance the efficiency and reliability of vacuumless braking systems, making them more attractive to both manufacturers and consumers. This convergence of regulatory pressure, market shifts towards electric mobility, and technological innovation forms a robust foundation for the expansion of the vacuumless braking industry.
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