PUBLISHER: Market Research Future | PRODUCT CODE: 1496175
PUBLISHER: Market Research Future | PRODUCT CODE: 1496175
Global Automotive Brake-By-Wire (BBW) Systems Market Research Reports Information By Component (Brake pedal sensor, Electronic control unit (ecu), Brake actuators, Wheel speed sensors, Steering wheel angle sensors, Yaw sensor, Pressure sensor, Others), By Type (Electro-hydraulic brakes (EHB), Electro-mechanical brakes (EMB), Electric parking brakes (EPB)), By vehicle type (Passenger cars, Commercial vehicles, Off-highway vehicles, Two-wheelers), by solution (One box, Two box) by vehicle propulsion (Ice and Electric vehicles) by sales channel (OEM and aftermarket) Forecast to 2032
In 2022, the automotive brake-by-wire (BBW) systems market size was estimated to be worth USD 5,403.3 million. The Automotive Brake-By-Wire (BBW) Systems market is expected to expand at a compound annual growth rate (CAGR) of 6.4% between 2023 and 2030, from USD 5,791.6 million in 2023 to USD 10,748.1 million by 2030. The primary major factors propelling the growth of the Automotive Brake-By-Wire (BBW) Systems market are the growing need for sophisticated safety features and the growing demand for BBW systems in current cars due to its many advantages over conventional mechanical brake systems.
The BBW market has grown significantly in recent years, mostly as a result of the trend of decreasing automotive system components. This technological advancement is increasing efficiency, safety, and performance in braking systems by replacing conventional mechanical components with electronic ones. The BBW market is expanding as a result of the components' growing miniaturization.
The trend toward more lightweight and compact vehicle designs is driving uptake of BBW. Parts that are lighter and smaller are in greater demand as manufacturers work to improve fuel economy and cut pollution. Electronic braking systems can now be installed in cars without adding a lot of weight because to miniaturization, which reduces total weight and increases fuel economy. This supports international initiatives to provide more environmentally friendly and sustainable transportation options.
Insights on Market Segments
Brake pedal sensor, electronic control unit (ecu), brake actuators, wheel speed sensors, steering wheel angle sensors, yaw sensor, pressure sensor, and others are included in the Automotive Brake-By-Wire (BBW) Systems Market segmentation based on component.
The market is divided into three categories based on type: electric parking brakes (epb), electro-mechanical brakes (emb), and electro-hydraulic brakes (ehb).
The Automotive Brake-By-Wire (BBW) Systems Market is segmented based on the type of vehicle, with passenger cars, commercial vehicles, off-highway vehicles, and two-wheelers included.
The market is split into one box and two boxes based on the solution.
The Automotive Brake-By-Wire (BBW) Systems Market is divided into Ice and Electric vehicles based on the type of vehicle propulsion. OEM and Aftermarket are included in the market segmentation based on sales channel.
Regional Perspectives
In 2022, the European Automotive Brake-By-Wire (BBW) Systems market held a share of approximately 38.2%. the region's substantial Automotive Brake-By-Wire (BBW) Systems sectors and sports' expanding appeal. The Europe region's sizable online sports betting market is one of the main drivers of demand for Automotive Brake-By-Wire (BBW) Systems. Numerous reasons, including as strict safety requirements, technological advances, and the presence of top automakers, are driving the growth of the automotive BBW systems market in Europe. The growing need for sophisticated safety systems and features in cars is one driving element that is unique to the area. Automotive BBW systems complement the region's emphasis on vehicle safety by providing better braking performance, reactivity, and control.
The market with the second-largest share is Asia-Pacific. The region's thriving automotive sector, rising disposable incomes, and technological improvements are all factors contributing to the growth of the automotive BBW systems market in Asia-Pacific. The region's market is expanding as a result of rising demand for both passenger and commercial vehicles. The region's growing car sales are a result of growing urbanization, an expanding middle class, and improved infrastructure. Better safety, performance, and control are provided by automotive BBW systems, which are in line with the region's emphasis on raising driving standards and driving pleasure.
Principal Players
SFS Group, Hitachi Astemo, Ltd., HYUNDAI MOBIS, ZF Friedrichshafen AG, Veoneer HoldCo, LLC., Nasn Automotive Electronics, Robert Bosch GmbH, Continental AG, Brembo S.p.A., AKEBONO BRAKE INDUSTRY CO., LTD., HL Mando Corp, AISIN CORPORATION, Knorr Bremse AG, KSR International Inc., and Haldex Industries Corporation are the leading players in the market.
ATTARCTIVENESS ANALYSIS 101