Automotive Electronic Brake System Market is predicted to reach USD 41,930.2 million at a CAGR of 6.4% during the forecast period

Pune, India, Sep 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Automotive Electronic Brake System Market.

An automotive electronic brake system enables the driving and overall braking operation through the electronic control unit. An automotive electronic brake system comprises components such as sensors, control units, actuators, and others that deliver an efficient braking mechanism. With its ability to provide efficient brake management coupled with high-end automation, the automotive electronic brake system is gaining significant traction among OEM and aftermarket brand owners.

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Automotive Electronic Brake System

Market Synopsis

According to the MRFR analysis, the Global Automotive Electronic Brake System market size is projected to reach USD 41,930.2 million by 2030 at a CAGR of 6.4%.

The global automotive electronic brake system market is rapidly growing due to the transition to EV mobility & the increasing number of road accidents, and the growing demand for automotive electronic brake systems among the OEM and aftermarket brand owners. However, the global market's growth is likely hampered by the high development cost of electronic brake systems and the decrease in automotive production due to the severe pandemic spread across the globe. On the other hand, augmented sales of luxury vehicles and growing demand for lightweight vehicles are likely to pose a lucrative opportunity for the players operating in the global automotive electronic brake system market.

Owing to the market disruption caused by the pandemic, global automotive electronic brake system market growth projections until 2030 are expected to be slightly lower than pre-COVID-19 estimates. The pandemic has had a negative impact on the automotive electronic brake system industry across the globe. However, with the governments working on plans to return to normalcy, the demand for automotive electronic brake systems will likely increase. Therefore, the market is expected to reach growth levels similar to pre-pandemic estimates in a couple of years.

Automotive Electronic Brake System Market Competitive landscape

The global automotive electronic brake system market is characterized by the presence of many regional and local vendors. The regional market is highly competitive, with all the players competing to gain a larger market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. Therefore, vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.

Advics, Continental AG, Haldex, Knorr Bremse AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Halla Mando, Akebono Brake Industry Co., Ltd, Küster and Brembo are the major players in the market.

Segmentation:

Automotive Electronic Brake System Market Based on components:

• Sensors: A sensor is a device that produces an output signal for the processing of sensing a physical phenomenon. In the broadest definition, a sensor is a device, module, machine, or subsystem that detects events or changes in its environment and sends the information to other electronics. There are different types of sensors used for different purposes. For instance, a wheel speed sensor or vehicle speed sensor is a type of tachometer.


• Actuators: Actuators play a vital role in the automotive braking mechanism. In an automotive electronic brake system, actuators are required to maximize the system efficiency and reliability. In an automotive electronic brake system, the control unit catches and judges the electronic signal from the brake pedal and dynamic information from the vehicle sensors which further operates the electric actuator to control the braking force.


• Control units: Control unit is the key element in the automotive electronic brake system. Control unit in an automotive electronic brake system consists of a computerized mechanism to ensure the highest possible safety to the vehicle. The control unit is the one that is substantially responsible for controlling the braking technologies such as ABS (anti-lock braking system), ESC (electronic stability control) and others.


• Others: The electronic brake system provides high-performance braking due to the components, such as brake signal transmitter and others. The system works in a sequenced manner while applying brakes. A brake signal transmitter for an electronic braking system produces an electrical braking requirement signal. The electronic braking requirement signal is evaluated, together with other measured magnitudes which define the travel state, in an electronic vehicle control system.

Automotive Electronic Brake System Market Based on technology:

• Brake assistance: This system helps make the most out of brakes. When there is a reaction to a traffic problem ahead, the end-user applies brakes. However, if the brake pedal is not pushed all the way to the floor, then Emergency Brake Assist will kick in and apply the force needed to fully activate anti-lock brakes, helping to bring you to a safe and swift stop.


• Autonomous emergency braking: If an accident is about to happen and the driver does nothing, autonomous emergency braking (AEB) systems begin to brake autonomously. In order to prevent a collision or at least lessen its impact, AEB is able to recognize a potential collision and activate the braking system to slow the vehicle down. If the automatic emergency braking detects that the distance to the preceding or stationary vehicle is becoming critically short at a vehicle speed above 30 km/h (18 mph), it prepares the braking system for potential emergency braking.


• Electronic stability control: Electronic stability control systems help the driver maintain control of the vehicle in challenging driving situations by automatically computer-controlled braking of individual wheels. ESC aids in preventing "spinning out" or "plowing out" of a vehicle caused by slipping wheels losing road traction. The ESC system's technology is quite good at helping a driver keep the automobile under control when making forceful steering moves. The ESC does not specifically stop a car from overturning.


• Anti-lock braking system: Antilock braking system (ABS) is a vehicle active safety system. ABS is a safety anti-skid braking system used in vehicles, such as cars, motorcycles, trucks, and buses. It operates by preventing the wheels from locking up during braking, maintaining tractive contact with the road surface, and allowing the driver to maintain more control over the vehicle. It maintains the vehicle’s steerability and stability during panic braking and reduces the braking distance by up to 10% or more, especially on wet surfaces.

Automotive Electronic Brake System Market Based on sales channel:

• OEM: OEMs procure and install automotive parts and components while assembling the automobile. Major automotive component manufacturers invest in R&D to offer advanced components and modules and upgrade existing technologies for automotive electronic brake systems. The automotive electronic brake systems adopted by OEMs usually provide comfort to the customers.


• Aftermarket: The aftermarket is associated with manufacturing, remanufacturing, and installing automotive parts, components, and modules after the OEMs have retailed the vehicle. Most customers prefer cost-effective and efficient parts to replace damaged parts and lubricants. Moreover, increasing vehicle production, along with the growing demand for premium vehicles and the rising demand for light and heavy commercial vehicles for industrial applications, is expected to drive the aftermarket segment.

Automotive Electronic Brake System Market Based on vehicle type:

• Passenger car: Passenger cars are motor vehicles with at least four wheels, used to transport passengers, with no more than eight seats, including the driver's seat. The continuous increase in demand for passenger vehicles has led international automobile manufacturers to increase their production capacities.


• Light commercial vehicle: The primary factor driving the light commercial vehicle segment in the global automotive electronic brake systems market is the increasing demand for light pickup trucks and vans for commercial applications. Light commercial trucks are mainly used by retailers and traders for transporting light goods. Leading OEM manufacturers operating across the globe are constantly putting efforts to incorporate advance braking systems in light commercial vehicles.


• Heavy commercial vehicle: The primary factor driving the heavy commercial vehicle segment in the global automotive electronic brake systems market is the increasing demand for pickup trucks and buses for commercial applications. Heavy commercial trucks are mainly used by retailers and transporters for transporting heavy goods. Moreover, the global automotive parts suppliers are rapidly expanding their product lines for heavy commercial vehicles, owing to the ever-increasing use of such vehicles for transporting heavy goods.

Automotive Electronic Brake System Market Based on region:

• North America: North America remains a long-term growth market for the automotive electronic brake system market, particularly in the US, due to its expected volume of truck and bus production and the increasing adoption of vehicle safety and efficiency technologies. The North American automotive electronic brake system market has increased because of several factors, such as its large and aging light vehicle park and the higher average number of miles traveled per light vehicle.


• Europe: The Europe automotive electronic brake system market is expected to witness significant growth due to a rise in industrial development, increasing demand for advanced emergency electronic braking systems, and supportive government initiatives for road safety.


• Asia-Pacific: The continuous demand for advanced braking systems and succeeding vehicle production are driving the automotive electronic brake system market in the Asia-Pacific region. Additionally, the increasing governmental mandates for improving vehicle safety have strongly contributed to the Asia-Pacific automotive electronic brake system demand. Asia-Pacific is expected to witness the highest growth because manufacturers in this region offer high-cost reductions, owing to the availability of low-cost labor and raw materials.


• Middle East & Africa: The opportunities for automotive electronic brake systems companies in developing regions like the Middle East & Africa are impressive. The Middle East & African countries are intensifying their road safety programs in response to the World Health Organization's warning that road-related crashes will become the number one cause of death by 2020. This key factor is driving the growth of the automotive electronic brake system market in these regions.


• South America: The South America automotive electronic brake system market is derived from key factors, including government safety regulation for cars and commercial vehicles, technological development in product efficiency, and growing awareness regarding road safety among end-users. Automotive electronic brake systems enable drivers to have better control with the prevention of lockups and skidding, and this factor is fueling the growth of the automotive electronic brake system market. The availability of cheap labor in the region and advancements in materials used in automotive brake systems to increase the lifespan of brake pads play a major role in supporting the growth of the automotive electronic brake system market.